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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 has month-by-month prices from 1974. Because the prices are for oil right at the field, they are lower than the market prices we're used to hearing, but they are still real prices and are from a consistent source. I am considering making a version of this graph that uses US domestic first purchase prices exclusively, and uses monthly data ...
x-axis: year, begins with 2000 y-axis: price of crude oil in dollars per barrel, West Texas Intermediate benchmark ... full year range: File:Crude oil price WTI EIA ...
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Oil is poised to rally beyond $90 per barrel by the end of the year amid record demand and tightening supply, according to UBS strategists. "We still see scope for global oil prices to rally ...
Oil prices will fall to an average of $65 per barrel in 2025 amid an ... JPMorgan forecasts Brent slipping from an average of $80 per barrel this year to $73 per barrel in 2025 and $61 in 2026 ...
Lower investment in new oil production and production cuts by many producers will lead to higher crude prices for years ... A barrel that today costs $100 is the equivalent, in real dollars, to a ...
The Department of Energy unveiled plans to purchase oil at a price of $79 per barrel or less, but has since purchased oil at higher prices. As of April 2024, further purchases were cancelled due to rising oil prices. [10] [15] According to legislation already in place, the amount of oil in the reserve could fall to 238 million barrels by 2028. [16]