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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.
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 ...
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Oil prices plunged on Tuesday to hit their lowest level since December 2021. Prices for brent crude, the international benchmark, fell 4% on Tuesday to $68.99 a barrel, representing a significant ...
Oil prices could struggle in the coming years, Goldman Sachs says. The firm's commodities analysts say Brent crude prices could drop to the low $60s per barrel by the end of 2026 if President ...
Reasons included the Russia-Ukraine situation and the Martin Luther King Jr. Day in the United States. [76] On January 18, WTI reached $85.43 and Brent hit $87.51, both the highest since October 2014, after Houthi attacks on the United Arab Emirates. [77] U.S. crude and fuel inventories rose and oil prices fell, still finishing higher for the ...
US crude futures have gained 20% this year and pushed energy stocks to outperform ... Goldman Sachs analysts last week said, "We continue to expect Brent crude oil prices to remain well supported ...
After retreating for several months in late 2004 and early 2005, crude oil prices rose to new highs in March 2005. The price on NYMEX has been above US$50 per barrel since March 5, 2005. In June 2005, crude oil prices broke the psychological barrier of $60 per barrel. From 2005 onwards, the price elasticity of the crude oil market changed ...