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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 basis with today's latest value.
- 10 Year Daily Chart
WTI Crude Oil Prices - 10 Year Daily Chart. Interactive...
- Crude Oil vs Gasoline Prices
This interactive chart compares the monthly price...
- Saudi Arabia Crude Oil Production
Interactive chart showing the monthly level of Saudi Arabia...
- Crude Oil Prices Today - Live Chart
Live interactive chart of West Texas Intermediate (WTI or...
- Oil Prices vs Natural Gas
Crude Oil vs Natural Gas - 10 Year Daily Chart This...
- 10 Year Daily Chart
Jan 5, 2021 · The next day, Brent crude oil, another global crude oil price benchmark, fell to $9.12 per barrel (b), its lowest daily price in decades. Demand for petroleum products in the United States fell sharply in mid-March, which led refiners to curtail operations.
Mar 25, 2020 · As of Friday 20 March 2020, the spot price for West Texas Intermediate (WTI) crude oil decreased by 65% from its price on 6 January 2020. Over the same time period, the price for Western Canadian Select (WCS) crude oil in Alberta fell by 72% from US$40 per barrel (US$/bbl) to US$11/bbl.
Apr 21, 2020 · Oil prices dipped below zero on Monday, as the deadline neared to unload futures contracts. (Kyle Bakx/CBC) During these extraordinary times of the COVID-19 pandemic, a few hours can seem...
- Factors Leading to The 2020 Oil Price Drop
- The 1st Half of 2020
- The 2nd Half of 2020
- The Bottom Line
The COVID-19 pandemic triggered an unprecedented demand shockin the oil industry, leading to a collapse in oil prices. Demand for oil cratered as governments around the world shuttered businesses, issued stay-at-home mandates, and restricted travel. While oil prices started strong in January, by April, the impact of reduced economic activity create...
During the first six months of 2020, market uncertainties persisted for all energy sources, including liquid fuels, electricity, coal, natural gas, and renewables. High levels of inventory forced Brent crude oilspot prices down from a monthly average of $64 per barrel in January to only $18 a barrel in April. As summer approached, however, the oil ...
In the second half of the year, oil prices continued their rebound from April lows. As the year progressed, market expectations grew that OPEC would continue to limit or delay production increases slated for the following year. As expected, on Dec. 3, OPEC and its partner countriesannounced that they would voluntarily adjust production by 0.5 milli...
Oil prices plunged in the spring of 2020 in response to fears about the rapid spread of COVID-19. This triggered a shock to global economic demand amid the backdrop of an escalating oil price war between Russia and Saudi Arabia, two major oil producers. The May 2020 futures contract for a barrel of WTI sank into negative territory for the first tim...
Jul 10, 2020 · Global oil demand fell by 16.4 mb/d year-on-year in 2Q20 as lockdowns were imposed to combat the Covid-19 pandemic. Demand rebounded strongly in China and India in May, increasing by 0.7 mb/d and 1.1 mb/d m-o-m, respectively. World oil demand is projected to decline by 7.9 mb/d in 2020 and to recover by 5.3 mb/d in 2021.
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Dec 15, 2020 · Oil prices have moved rapidly and smoothly from contango to backwardation, based on stronger Asian demand and effective OPEC+ supply management. ICE Brent futures rose $2.46/bbl in November to $43.98/bbl and closed at $49.97/bbl on 11 December.
