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1. • • (13 May 2021) Brent crude oil prices will average $62.26 per barrel in 2021 and $60.74 per barrel in 2022 according to the forecast in the most recent Short-Term Energy Outlook from the US Energy Information Administration (EIA).
     knoema.com/infographics/yxptpab/crude-oil-price-forecast-2021-2022-and-long-term-to-2050

     Crude Oil Price Forecast: 2021, 2022 and Long Term to 2050

2. People also ask

   How much did crude oil cost in 2022?

   • The Brent crude oil spot price averaged $100/b in 2022, and the WTI spot price averaged $95/b. In the first half of 2022, geopolitical tension with Russia, culminating with Russia’s full-scale invasion of Ukraine on February 24, contributed to crude oil price increases.

   Crude oil prices increased in first-half 2022 and declined in second

   www.eia.gov/todayinenergy/detail.php?id=55079

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   How much will Brent crude oil cost in 2022?

   • In the July Short-Term Energy Outlook (STEO), we forecast the Brent crude oil price will average $72 per barrel (b) in the second half of 2021 (2H21) and $67/b in 2022, both $6/b higher than in the June STEO forecast.

   Brent crude oil price forecast to average $72 per barrel in the second

   www.eia.gov/todayinenergy/detail.php?id=48716

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   How much will WTI oil cost in July 2021?

   • WTI crude prices are forecast in the July STEO to average $71/b in 3Q21, $6/b higher than in the June STEO. The July STEO expects WTI prices to be $68/b in 4Q21, up $7/b from the June forecast. The Brent crude oil price averaged $73/b in June 2021, up $5/b from May.

   Brent crude oil price forecast to average $72 per barrel in the second

   www.eia.gov/todayinenergy/detail.php?id=48716

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   How much does oil cost in 2024?

   • Release Date: Jun. 11, 2024  | Forecast Completed: Jun. 6, 2024  | Next Release Date: Jul. 9, 2024 | Full Report | Text Only | All Tables | All Figures Global oil prices and inventories The Brent crude oil spot price averaged $82 per barrel (b) in May, down $8/b from April.

   Short-Term Energy Outlook - U.S. Energy Information Administration (EI…

   www.eia.gov/outlooks/steo/report/global_oil.php

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3. www.eia.gov › todayinenergy › detailBrent crude oil price forecast to average $72 per barrel in ...

   www.eia.gov › todayinenergy › detail

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   Jul 8, 2021 · In the July Short-Term Energy Outlook (STEO), we forecast the Brent crude oil price will average $72 per barrel (b) in the second half of 2021 (2H21) and $67/b in 2022, both $6/b higher than in the June STEO forecast.

4. www.eia.gov › todayinenergy › detailCrude oil prices increased in first-half 2022 and declined in ...

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   Jan 4, 2023 · The Brent price rose significantly in the first half of 2022 but generally declined in the second half of the year. The spot price for West Texas Intermediate (WTI), a benchmark price for U.S. crude oil, followed a similar pattern, finishing the 2022 trading year $4/b higher than on January 3.

5. tradingeconomics.com › commodity › crude-oilCrude Oil - Price - Chart - Historical Data - News

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   Forecast. Alerts. WTI crude futures held near $84 per barrel on Friday and were set to advance for the fourth straight week as falling US crude inventories and signs of strong seasonal demand supported oil prices. The US oil benchmark is up about 3% so far this week.

6. www.macrotrends.net › 2566Crude Oil Prices Today - Live Chart | MacroTrends

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   The current price of WTI crude oil as of July 05, 2024 is 84.11 per barrel. Live interactive chart of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel.

7. www.eia.gov › outlooks › steoShort-Term Energy Outlook - U.S. Energy Information ...

   www.eia.gov › outlooks › steo

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   Jun 11, 2024 · Global oil prices and inventories The Brent crude oil spot price averaged $82 per barrel (b) in May, down $8/b from April. Daily spot prices also initially fell following the OPEC+ announcement on June 2, closing at $78/b on June 6.

8. markets.businessinsider.com › commodities › oilCrude Oil Price Today | Brent OIL PRICE CHART | OIL PRICE PER ...

   markets.businessinsider.com › commodities › oil

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   USD per Barrel. 7/5/24 08:45 AM. Oil Price: Get all information on the Price of Oil including News, Charts and Realtime Quotes.

9. tradingeconomics.com › commodity › brent-crude-oilBrent crude oil - Price - Chart - Historical Data - News

   tradingeconomics.com › commodity › brent-crude-oil

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   Brent crude oil. Price - Chart - Historical Data - News. Brent crude futures rose to $87.5 per barrel, the highest in over two months, supported by a significant drop in US inventories reported last week and an optimistic US fuel demand forecast.