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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 ...
Data from 1861–1944 is available on this page of annual average US domestic crude oil first purchase prices from 1859–2007. The chart leaves off 1859–1860 data. I am not sure why, but I imagine it's because it's disproportionately expensive: $16.00 in 1859 and $9.59 1860, both in the currency of the day, ridiculously expensive in today's ...
x-axis: year, begins with 2000 y-axis: price of crude oil in dollars per barrel, West Texas Intermediate benchmark full year range: File:Crude oil price WTI EIA.svg Date
This includes the resources it takes for exploration, to remove it from the ground, and transport it. Between 2004 and 2008, there was an increase in fuel costs due in large part to a worldwide increase in demand for crude oil. Prices leapt from $35 to $140 per barrel ($220 to $880/m 3), causing a corresponding increase in gas prices. [15]
Escalating tensions abroad could push oil prices to roughly $90 per barrel, according to one analyst. Prices weren't too far from those levels on Monday, as Brent hovered above $86 per barrel ...
A barrel that today costs $100 is the equivalent, in real dollars, to a $71 barrel in 2010 and a $56 barrel in 2000. ... The good news, according to Malek, is that although oil prices might rise ...
West Texas Intermediate rose fractionally on Thursday, hovering above $90 per barrel. Brent crude futures ( BZ=F ) reached $94 per barrel during the session, just off its 10-month intraday high of ...
January: Nine OPEC members adjust prices to cut gap between light and heavy crudes from $4 to $2.40 per barrel. Saudi light price cut one dollar to $28 per barrel. March 11–19: Iranian offensive; heavy casualties. May–June: "Battle of the cities" - heavy bombing from both Iran and Iraq.