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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 ...
The price of oil could hit $120 a barrel by early 2025, according to Citi. That's according to the bank's bull case, which assumes conflict in the Middle East escalates.
Just before the storm, average fuel prices were approximately $2.50 per US gallon ($0.66/L). International oil prices also rose. In the United Kingdom, pump prices for unleaded petrol (gas) hit £1 per litre ($7 per U.S. gallon) for the first time in a significant number of places (averaging about 95p), a rise of about 3% from pre-Katrina ...
The Bass Enterprises Oil Spill was the largest in a series of oil spills that were caused by damage due to Hurricane Katrina in coastal industrial facilities. About 3.78 million gallons were spilled at the facility in Cox Bay, Louisiana, while an additional 461,000 gallons were spilled at the location in Point a la Hache, also in Louisiana.
Katrina Amy Alexandra Alexis Price [1] [2] (née Infield; born 22 May 1978 [3] [4]) is an English media personality, model, and author. She gained recognition in the late 1990s for her glamour modelling work , most notably on Page 3 of the tabloid newspaper The Sun , under the pseudonym Jordan .
“In the coming days, we’ll likely see the national average increase 3 to 5 cents."
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 significantly. Before 2005 a small increase in oil price lead to an noticeable expansion of the production volume. Later price rises let the production grow only by small numbers.
Cocoa was the top-performing commodity of 2024. The price of the bean surged as headwinds battered key producers. Prices are likely to stay high into 2025, analysts at ING said.