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Price of oil
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 $25/barrel. Then, during 2004, the price rose above $40, and then $60. A series of events led the price to exceed $60 by August 11, 2005, leading to a record-speed hike that ...
The price of crude oil in 2003 traded in a range between $20–$30/bbl. [17] Between 2003 and July 2008, prices steadily rose, reaching $100/bbl in late 2007, coming close to the previous inflation-adjusted peak set in 1980.
Oil prices edged higher. West Texas Intermediate crude futures, the US benchmark, rose 0.1% to $69.27 a barrel. ... US oil fell below $70 a barrel Wednesday for the first time since December 12, 2023.
Oil prices initially rallied on the day, before those gains faded. US crude finished down slightly at $69.15 a barrel – the lowest closing price since December.
Brent Crude - Wikipedia ... Brent Crude
Agreement raises posted prices of oil delivered to Mediterranean from $2.55 to $3.45 per barrel; provides for a 2.5 percent annual price increase plus inflation allowance; raises tax rate from a range of 50-58 percent to 60 percent of posted price.
Petroleum in the United States