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On April 18, 2008, the price of oil broke $117 per barrel after a Nigerian militant group claimed an attack on an oil pipeline. [30] Oil prices rose to a new high of $119.90 a barrel on April 22, 2008, [ 31 ] before dipping and then rising $3 on April 25, 2008, to $119.10 on the New York Mercantile Exchange after a news report that a ship ...
A range of US$70–80 per barrel was suggested by some analysts to be OPEC's goal. [72] In November 2008, as prices fell below $60 a barrel, the IEA warned that falling prices could lead to both a lack of investment in new sources of oil and a fall in production of more-expensive unconventional reserves such as the oil sands of Canada. The IEA ...
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 ...
Layton is referencing the period when oil prices spiked before the onset of the Global Financial Crisis, rising from $50 per barrel in mid-2006 to $140 per barrel by late 2007 as strong demand ...
English: NYMEX Light Sweet Crude Oil daily prices from 2005 to 2008-12-02 in US dollars. Daily prices in United States dollars per barrel on the vertical scale, with year markers on the horizontal scale.
Oil extended gains as markets priced the supply impact of recently announced sanctions against Russia's energy market. ... rose nearly 3% to settle at $78.82 per barrel, the highest level since ...
Date/Time Thumbnail Dimensions User Comment; current: 11:11, 11 November 2008: 774 × 527 (52 KB): 84user {{Information |Description=United States oil price from 1999 to 2008 October 17; weekly prices in United States dollars per barrel on the vertical scale, with year markers on the horizontal scale.
What's another legacy, in addition to massive income inequality, of President George W. Bush? Try $150-per-barrel oil. Here's why: Despite rising demand for gasoline, the Bush administration did ...