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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 ...
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1859 was the year oil drilling began in the United States, in Titusville, Pennsylvania, and so I imagine it took a couple of years for prices to get down to realistic levels. Prices from the first couple of years of production are probably meaningless. Data from 1945–1985 is said to be the price for "Arabian Light posted at Ras Tanura". I don ...
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.svg Date
Oil prices will fall to an average of $65 per barrel in 2025 amid an oversupply of crude and a ... JPMorgan forecasts Brent slipping from an average of $80 per barrel this year to $73 per barrel ...
On April 18, 2008, the price of oil broke $117 per barrel after a Nigerian militant group claimed an attack on an oil pipeline. [30] Oil prices rose to a new high of $119.90 a barrel on April 22, 2008, [ 31 ] before dipping and then rising $3 on April 25, 2008, to $119.10 on the New York Mercantile Exchange after a news report that a ship ...
The current decline is notable given prices at the pump are about $0.30 lower than a year ago, when oil was hovering around the same levels as today.
Total company oil and gas production hit 848,000 barrels of oil equivalent per day (BOE/D) in the fourth quarter, compared to a prior estimate of 811,000 BOE/D to 830,000 BOE/D.