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  1. 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.

  2. Apr 13, 2022 · Oil Prices by Year: Average, High, Low, and Events . The following chart shows the nominal value for imported crude oil according to the U.S. Energy Information Administration. The first column shows the average annual price. It's followed by the monthly high and low oil prices for that year.

    • Kimberly Amadeo
  3. Dec 12, 2023 · The first table shows the Annual Average Crude Oil Price from 1946 to the present. Prices are adjusted for Inflation to December 2022 prices using the Consumer Price Index (CPI-U) as presented by the Bureau of Labor Statistics.

    Year
    Nominal Price
    Inflation Adjusted Price (november 2023)
    Jan-11
    $84.47
    $117.77
    Feb-11
    $81.32
    $112.83
    Mar-11
    $94.72
    $130.15
    Apr-11
    $102.15
    $139.46
  4. Crude Oil - data, forecasts, historical chart - was last updated on June 28 of 2024. 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.

  5. The chart uses the year's closing price of crude oil for each year from 1987 to Present. The closing price's used to calculate each year's oil price in order to provide the latest data point for the most recent year's oil data. Crude price data are inflation adjusted 2024 US dollars.

  6. May 4, 2022 · Historical oil prices rose rapidly from 2004-2008. During that time, economic growth was fueling oil demand but there was little spare production capacity. By the second quarter of 2008, inflation-adjusted oil prices hit a high of $125 per barrel.

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  8. Dec 12, 2023 · Crude oil prices rose in 2013 to an average price of $91.17. The first 11 months of 2014 had an average price of $89.08 , with a nominal peak in June at $98.18 , but December’s sharp drop brought the annual average price down to $85.60 .

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