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$90/bbl
- Brent crude oil futures slipped below $90/bbl in early September, the lowest level since January and more than $34/bbl below a June peak.
www.iea.org/reports/oil-market-report-september-2022
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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 September 10, 2024 is $66.31 per barrel.
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Sep 14, 2021 · Concerns over the impact of rising Covid-19 cases on oil demand kept a lid on prices, however, with benchmark crudes falling month-on-month before edging marginally higher in early September. At the time of writing, Brent futures traded at around $73.80/bbl and WTI at $70.70/bbl.
Selected Crude Oil Prices September 2021 (Canadian dollars per cubic metre) Note: Prices are not reported on weekends and American statutory holidays. Did you find what you were looking for? Date modified: 2021-10-20. Date Exchange Rate.
- World oil demand remains on track to grow by 2.2 mb/d in 2023 to 101.8 mb/d, led by resurgent Chinese consumption, jet fuel and petrochemical feedstocks.
- The extension of output cuts by Saudi Arabia and Russia through year-end will lock in a substantial market deficit through 4Q23. So far this year, OPEC+ output has fallen by 2 mb/d with overall losses tempered by sharply higher Iranian flows.
- Russian oil export revenues surged by $1.8 bn to $17.1 bn in August, as higher prices more than offset lower shipments. Led by a decline in product shipments, total Russian oil exports eased by 150 kb/d last month, to 7.2 mb/d, 570 kb/d below a year-ago.
- Refinery margins hit an eight-month high in August as refiners struggled to keep up with oil demand growth, especially for middle distillates. Product cracks and margins reached near-record levels due to unplanned outages, feedstock quality issues, supply chain bottlenecks and low stocks.
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.
YearNominal PriceInflation Adjusted Price (november 2023)Jan-11$84.47$117.77Feb-11$81.32$112.83Mar-11$94.72$130.15Apr-11$102.15$139.46Crude Oil decreased 3.14 USD/BBL or 4.38% 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 September of 2024.
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.
