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- There was a $68.13 crude oil spot price in 2021, an increase of 74% or $28.97 from 2020.
usafacts.org/data/topics/economy/economic-indicators/economic-indicators-and-actions/crude-oil-spot-price/
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What is the average price of crude oil in 2021?
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The current price of WTI crude oil as of July 01, 2024 is $83.23 per barrel. Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. The current month is updated on an hourly ...
Feb 29, 2024 · Average Crude Oil Spot Price is at a current level of 81.20, down from 81.44 last month and up from 73.26 one year ago. This is a change of -0.29% from last month and 10.84% from one year ago. The Average Crude Oil Spot Price calculates an equally weighted price of the WTI Crude Oil Price, Brent Crude Oil Price, and Dubai Crude Oil Price.
Jan 5, 2022 · A faster increase in global oil demand than growth in supply led to oil prices jumping last year, with the average Brent Crude price at $71 per barrel—the highest of the past three years.
4 days ago · Notes: Weekly, monthly, and annual prices are calculated by EIA from daily data by taking an unweighted average of the daily closing spot prices for a given product over the specified time period. See Definitions, Sources, and Notes link above for more information on this table.
In May 2024, the price for one barrel of West Texas Intermediate (WTI) crude oil averaged 80.12 U.S. dollars. This was an increase compared to the previous year and was in part influenced...
Jan 4, 2022 · Brent’s 2021 annual average of $71/b is the highest in the past three years. The price of West Texas Intermediate (WTI) crude oil traced a similar pattern to Brent and averaged $3/b less than Brent in 2021. Global petroleum production increased more slowly than demand, driving higher prices.
Crude Oil increased 11.69 USD/BBL or 16.31% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on July of 2024.
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