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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 ...
In 2026, prices at the pump will fall further, to an annual average of $3.00 per gallon, the EIA said. The lower gas prices largely reflect the agency's forecasts for lower crude oil prices amid a ...
I think it would be better if the entire chart relied on the same source. Oil was not extracted in large quantities in the Middle East until the mid-20th century, and was first drilled in the North Sea in the 1970s, but the EIA has US domestic oil prices from 1859 all the way to today. It has month-by-month prices from 1974.
During the final week of May, oil fell for two days in a row, with low demand and high stockpiles in the United States. Brent finished May 30 at $81.86 and WTI at $77.91. [58] The first week of June was the third down week for oil, with Brent finishing down 2.5 percent for the week of June 7 at $79.62 and WTI down 1.9 percent to $75.53.
The EIA expects the United States to produce 13.52 million bpd of oil in 2025, up from 13.24 million bpd in 2024, it said in its December Short-Term Energy Outlook (STEO). ... U.S. net crude oil ...
Oil reversed earlier declines Wednesday after new data showed US inventories fell last week, but futures are still down roughly 8% from their April peak. ... Brent , the international ...
Instead, I've created this graph, which uses all available monthly average Brent spot prices from this EIA spreadsheet and the United States Consumer Price Index for All Urban Consumers (CPI-U), seasonally adjusted, from here (This is a direct link; but there may be a better one). The monthly numbers and limited date range give good detail, and ...
The U.S. Energy Department said refineries processed 17.9 million barrels per day of crude in the reporting period, close to last week's record highs. ... 800-290-4726 more ways to reach us.