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The current month is updated on an hourly basis with today's latest value. The current price of WTI crude oil as of June 28, 2024 is $82.64 per barrel. Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946.
- 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
- 50 Years of Ups and Downs
- A Pefect Storm in 2022
- What Could Ease This Shock?
Global oil production began in the mid-1800s and grew rapidly in the first half of the 20th century. For much of that time, oil majors – companies like Chevron, Amoco and Mobil that were created after the Supreme Court ordered the breakup of Standard Oil in 1911– operated effectively as a cartel, maintaining production at levels that kept oil abund...
Today, multiple factors are raising oil prices. There are three key elements: 1. Oil demand has grown more rapidly than expected in recent months as countries emerged from pandemic lockdowns. 2. OPEC+, a loose partnership between OPEC and Russia, has not raised production at a commensurate level, and neither have U.S. shale oil companies. 3. Countr...
As I see it, the key players that can help curtail this price shock are OPEC – mainly, Saudi Arabia – and the U.S. For these entities, holding back oil supply is a choice. However, there’s no evidence yet that they are likely to change their positions. Restoring the Iran nuclear deal and lifting sanctions on Iranian oil would add oil to the market,...
- Scott L. Montgomery
Apr 13, 2022 · In April 2020, prices for a barrel of oil fell to an unprecedented negative oil price: around -$37/b in the United States for West Texas Intermediate (WTI) at Cushing and $9/b internationally for Brent oil.
- Kimberly Amadeo
Nov 9, 2023 · By October 2023, the price per barrel had gone down to $88.03. Several factors have influenced fluctuations in oil prices in recent years, and its price could foreshadow the direction of the broader economy.
Apr 19, 2021 · It’s been a year since U.S. benchmark West Texas Intermediate crude futures made history by trading and settling in negative territory, and while prices have recovered to trade above...
- mpicache@marketwatch.com
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.
People also ask
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Apr 21, 2021 · On April 20, 2020, U.S. crude oil futures turned negative for the first time in history. Analysts have said the development was driven in part by the sudden drop in demand for the commodity...
