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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 ...
Medium term Brent oil prices since May 1987 New York Mercantile Exchange prices for West Texas Intermediate since 2000, monthly overlaid on daily prices to show the variation Oil prices for Brent in US$ (blue) and Euro (red) From the mid-1980s to September 2003, the inflation adjusted price of a barrel of crude oil on NYMEX was generally under ...
March 12: The near-month (April) crude oil futures price at the NYMEX settles at $37.83 per barrel, the highest near-month settlement price (in nominal terms) since October 1990. This comes as EIA reports today that commercial crude oil inventories for the previous week declined by 3.8 million barrels (600,000 m 3 ) to 269 million barrels ...
The direction of the October WTI crude oil market on Monday is likely to be determined by trader reaction to $62.14. ... News. 24/7 help. For premium support please call: 800-290-4726 more ways to ...
Brent crude futures sat above $92 per barrel — the highest levels in oil prices since November 2022. On a "core" basis, which strips out the more volatile costs of food and gas, prices in August ...
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%.
The drop in oil prices comes after a 4% rise over the prior two sessions as traders watched the Middle East crisis, with escalating conflicts in Gaza and Lebanon.
October 12: Oil prices rise sharply on news of a terrorist attack on an American warship, the USS Cole, in the Yemeni port of Aden, as well as escalating violence between Palestinians and Israeli security forces. November crude oil on the New York Mercantile Exchange (NYMEX) rises $2.81 to close at $36.