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- Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy resulted in global petroleum demand rising faster than petroleum supply.
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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.
- Brent
Crude oil prices increased in 2021 as global crude oil...
- WTI (West Texas Intermediate)
Crude oil prices increased in first-half 2022 and declined...
- Brent
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.
YearAverageclosing PriceYear OpenYear High2024$78.79$71.65$87.012023$77.64$80.26$93.842022$94.53$76.08$123.702021$68.17$47.62$84.65Jan 5, 2022 · Brent Crude prices have retreated since late October, to end 2021 at $78 a barrel. The international benchmark traded at over $79 early on Tuesday, just as the OPEC+ group started its...
Apr 20, 2021 · The epic supply glut at the heart of negative oil is all but gone. Oil inventories in developed economies spiked to a record 3.2 billion barrels in August, according to the International Energy...
Crude Oil increased 10.53 USD/BBL or 14.70% 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 June of 2024.
Aug 16, 2023 · Factors that affect oil prices such as hurricanes and extreme weather, political events, and OPEC oil production targets and spare crude oil production capacity.
Aug 12, 2021 · Crude oil held in short term floating storage increased by 4.5 mb to 103.6 mb in July. The 2Q21 crude price rally lost steam in July on fears that new Covid-19 Delta cases and weaker economic indicators could slow the oil demand recovery just as more supply hit the market.
