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Crude Oil Prices - 70 Year Historical Chart. 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.
- 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
The current price of WTI crude oil as of September 27, 2024...
- Oil Prices vs Natural Gas
This interactive chart compares the price performance of...
- 10 Year Daily Chart
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)2023 (Partial)$ 70.58$71.662022$ 87.40$91.762021$ 60.84$68.802020$32.25$38.23The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis. The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $129 per barrel in 2023 dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($75 to $28 in 2023 dollars). [2][3] The glut ...
Apr 13, 2022 · Global oil prices in the 20th century generally ranged between $1.00 and $2.00 per barrel (/b) until 1970. That's about $10/b to $30/b when adjusted for inflation. The United States was the world's dominant oil producer at that time, and it regulated prices.
- Kimberly Amadeo
- Historical WTI Crude Oil Prices: Characteristics
- Important Events That Affect Brent & WTI Crude Oil Price History
- Crude WTI Oil Price History Through Years
- Ref
The historical price of WTI oil is close to being compared with the trend of Brent, another benchmark that takes the oil extracted in the North Sea as a reference. Other meaningful quotes are Dubai Crude, Oman Crude, Urals oil, and OPEC’s Reference Basket. Over the years, the price trend has been influenced by the amount of oil deposited in Cushing...
Along the two main lines of the market and the system, Noah Fortune has reviewed the trend of crude oil prices history in the past 70 years. 1. After World War II ended in 1945, the rapid development of the automobile industry in the years after the war led to a considerable increase in demand for crude oil, which drove the price of crude oil to do...
Historical from 1946 to 1955
The first historical graph of the WTI oil price includes the decade from 1946 to 1955. In these ten years, the price of oil has marked its all-time lows. In February 1946, a barrel of oil cost only $ 1.17 per barrel. Of course, the historical price of oil at the time must be related to the context in the United States. In the middle of the postwar period, at the dawn of the economic boom and, above all, of the Cold War.
Historical from 1956 to 1965
In the history of WTI crude oil price in 1956-1965, the minimum was reached at 2.83 dollars per barrel and the maximum at 3.07.
Oil price: historical from 1966 to 1975
In this ten-year historical record, the minimum oil price was 2.4 dollars; the maximum reached 11.20.
Dec 22, 2016 · Oil prices jumped on the news and are now about 18% higher than they were before the November announcement. WTI crude is trading around $53.62 per barrel, while Brent crude is around $55.78 per barrel as of 9:28 a.m ET 20 December.
Aug 30, 1981 · Oil prices were controlled, along with everything else, in 1971, as part of the Nixon Administration's freeze on wages and prices. Though Richard Nixon eventually dropped price controls on...
