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This chart is ineligible for copyright and therefore in the public domain, because it consists entirely of information that is common property and contains no original authorship. For more information, see Commons:Threshold of originality § Charts
The x-axis of the graph shows dots of different colours for each year, representing the start price, end price, and the highest and lowest prices for each year. y-axis represents the price of oil in US dollars per barrel. Each year is accompanied by an arrow representing the trend in oil prices for that year. Analysing the graph, you can see ...
U.S. crude and fuel inventories rose and oil prices fell, still finishing higher for the 5th week. [78] In the last full week of January, WTI reached $88.84, the highest in seven years, before settling at $86.82. Brent reached $91.70, highest since October 2014, before falling to $90.03. Both had the most up weeks since October. [79]
"The 2022 average price for WTI looks to be right around $94.50/bbl. We suspect that 2023 will see a price only slightly below this number with $90/bbl a reasonable prophecy for WTI, with $95-$96 ...
The bank said oil prices could go as high as $120 per barrel in the first quarter of 2025, implying a 62% increase. ... to Russia-Ukraine in 2022," Lee said ... he said of the bank's forecasts ...
US crude prices jumped as much as 4% to $94.04 a barrel on Wednesday — the highest intraday price since August 30, 2022 — before settling at $93.68 a barrel, up 3.6% on the day.
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.
A chart showing the start price, end price, highs and lows of WTI oil prices for each year of the decade. By mid-January 2022, Reuters raised concerns that an increase in the price of oil to $100—which seemed to be imminent—would worsen the inflationary environment that was already breaking 30-year-old records. [122]