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Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
English: The chart in the figure shows the change in WTI oil prices between 2013 and 2023 (data availability by CNBC). The x-axis of the graph shows dots of different colours for each year, representing the start price, end price, and the highest and lowest prices for each year. y-axis represents the price of oil in US dollars per barrel.
West Texas Intermediate oil price history 1946–2022 [1] ... Monthly contracts are available for the current year, the following 10 calendar years, and 2 additional ...
December 12: Speaking in New York during a U.S. visit by Angolan President Eduardo dos Santos, Joaquim David, president of the state-owned oil company, Sonangol, states that Angola will increase its crude oil production by 10 percent per year over the next five years, reaching 720 million barrels per day (114,000,000 m 3 /d) by the end of 1996 ...
By mid-April, with low demand expected due to negative economic news, Brent fell to $103.04, its lowest price since July. [82] On July 10, oil prices were the highest in more than a year as a result of lower supplies and trouble in Egypt. In the past week, Brent had climbed 7% to $108.51.
Oil prices could surge over 60% by early next year in the most bullish scenario, according to Citi. Anton Petrus/Getty Images The price of oil could hit $120 a barrel by early 2025, according to Citi.
The agency said US gasoline prices will likely fall to $3.20 per gallon this year, marking a decrease of more than 10 cents per gallon from last year. In 2026, prices at the pump will fall further ...
Oil prices plunged to their lowest level since December 2021, with Brent oil falling 4% to $68.99 on Tuesday. ... A one-two punch of supply and demand issues has pressured oil's 10% year-to-date ...