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  1. 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. The current price of WTI crude oil as of July 01, 2024 is $83.23 per barrel. Historical Chart. 10 Year Daily Chart. By Year. By President. By Fed Chair.

  2. Price - Chart - Historical Data - News. 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. The US EIA reported that US crude stockpiles declined by ...

  3. Jan 4, 2022 · The spot price of Brent crude oil, a global benchmark, started the year at $50 per barrel (b) and increased to a high of $86/b in late October before declining in the final weeks of the year. 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 ...

  4. May 12, 2021 · Highlights. Global oil consumption is now forecast to rise by 5.4 mb/d in 2021, 270 kb/d lower than in our previous Report. Europe and OECD Americas have been revised down by 320 kb/d and 515 kb/d respectively in 1Q21, while India’s Covid crisis led us to downgrade its demand in 2Q21 by 630 kb/d. The forecast for 2H21 is left roughly ...

  5. Jan 13, 2021 · Commercial inventories declined. WTI oil prices were mostly at or near $40 per barrel, but closed out 2020 at $48.52. Indicators suggest a recovering oil market with potential for higher, yet moderate, prices in the short term. However, demand, supply, and uncertainties in U.S. policy toward Iran could change 2021 market and price conditions.

  6. Feb 29, 2024 · 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. This metric gives a nice overview of the broad crude oil market, rather than looking at one type of crude oil price alone.

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  8. Average key crude oil spot prices, January 1991-June 2021. USD per barrel. IEA. Licence: CC BY 4.0. Average key crude oil spot prices, January 1991-June 2021 - Chart and data by the International Energy Agency.

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