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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 heating oil futures contract trades in units of 1,000 barrels (160 m 3) with a minimum fluctuation of $0.0001 per gallon and (for the USA) is based on delivery in New York Harbor. [5] The Department of Energy tracks the prices homeowners pay for home heating fuel (oil and propane).
Oil prices bounced around quite a bit in 2024. They rallied more than 20% at one point -- topping $85 per barrel -- before cooling off toward the end of the year. Oil was recently below $70 a ...
110 octane fuel may be available at certain locations in southern parts of the state. Mississippi: 87 89 93 Missouri: 87 89 91/93 Some Phillips 66, Break Time, and Conoco stations sell 91 octane premium. Southwest Missouri in the Ozark Mountains and Mark Twain primarily only sell 87/89/91 Montana: 85.5 [7] 88 91 Nebraska: 87 89 91 Nevada: 87 89 91
The Biden administration has bought back 59 million barrels after the 2022 sale at an average price of less than $76 a barrel, far lower than the $95 a barrel it sold oil in 2022.
As such, increase in the price of kerosene can have a major political and environmental consequence. The Indian government subsidizes the fuel to keep the price very low, to around 15 U.S. cents per liter as of February 2007, as keeping the price low discourages dismantling of forests for cooking fuel. [48]
In February 2010, the Iranian government implemented an energy price reform by which the energy subsidies were to be removed in five years; the most important price hike was in gasoline, as the price went up from 1000 rials ($0.10 US) to 4000 rials ($0.40 US) per litre, with a ration of 100 litres per month for private passenger cars (later ...
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