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The price of international benchmark Brent crude rose to $94.34 per barrel as of Monday… Oil closes in on $95 per barrel, keeping gas prices near summer highs Skip to main content
Crude oil prices spiked last week amid fears the Israel-Hamas war could broaden to other countries — namely Iran — a key global oil producer.. Despite last week's gains, prices are still ...
West Texas Intermediate crude oil dipped 1.56% to $68.85 a barrel. Brent crude , the international benchmark, ticked higher 0.33% to $72.55 a barrel. Gold inched up 0.24% to $2,649 an ounce.
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 ...
However, as of January 2015, the price of oil has decreased to around $50 per barrel. [27] As of September 2021, the price per barrel of crude oil was $69.06. [28] Oil futures dropped on 5 August 2024, due to U.S. recession fears and concerns about Chinese demand, with Brent and WTI falling over 1%.
As of September 11, the price of gas was $2.67. [47] Brent crude rose 40% from June to October as oil producers were expected to continue lower production, with an increase of 20% in the third quarter, the most for the quarter since 2004, and reaching $59.49 during the final week of September.
A barrel that today costs $100 is the equivalent, in real dollars, to a $71 barrel in 2010 and a $56 barrel in 2000. ... crude oil prices have surged in 2023 due to this lack of new oil production ...
The company's strong free cash flow has it trading at a bottom-of-the-barrel valuation. Devon trades at about a 10% free cash flow yield based on its 2024 forecast at $75 oil.