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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 ...
It was built as a boarding house for women. In the 1920s, it became the offices of the Accurate Measure Oil Co. It later served as a barbershop and drug store, and held a laundromat from 1962 to 1981. In the 1970s, it also held Lucy's Restaurant. Its most recent use was to hold the gallery of Ohio State University art professor Pheoris West.
West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX).
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 ...
Oil prices will fall to an average of $65 per barrel in 2025 amid an oversupply of crude and a backdrop of slowing demand as countries shift toward cleaner energies and forms of transportation, ...
A fun note, in 2010 the Ohio State University student-built Buckeye Bullet 2, a fuel cell vehicle built in collaboration with Monaco-based Venturi Automobiles and equipped with a Ballard fuel cell, set a FIA world speed record for electric vehicles in reaching 307.7 mph (495.2 km/h), eclipsing the previous record of 245.5 mph (395.1 km/h). The ...
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