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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. 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 ...
Apr 13, 2022 · In February 2022, Russia's invasion of Ukraine caused the price of crude oil to skyrocket far above pre-pandemic prices. Prices rose due to fears over supply issues—Russia is one the world's largest exporters of oil. As of April 2022, oil was trading around $104 per barrel.
On 5 October 2021, crude oil prices reached a multiyear high but retreated by 2% the following day. The price of crude was on the rise since June 2021, after a statement by a top US diplomat that even with a nuclear deal with Iran, hundreds of economic sanctions would remain in place.
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. Historically, Crude Oil reached an all time high of 147.27 in July of 2008. Crude Oil - data, forecasts, historical chart - was last updated on June 28 of 2024.
Dec 12, 2023 · The average inflation-adjusted price for crude oil since 1946 is $54.90, which is still about one-third of the 2008 price. The average inflation-adjusted price since 1980 is higher at $67.74; The average inflation-adjusted price since 2000 is even higher at $76.30.
Mar 7, 2022 · This chart shows the daily price per barrel of Brent crude oil from 2006 to 2022.
May 4, 2022 · Historical Oil Prices (1968-2022) Amid Russia’s invasion of Ukraine, the inflation-adjusted price of oil reached a seven-year high. Russia is one of the world’s largest producers of crude oil, and many countries have announced a ban on Russian oil imports amid the war. This has led to supply uncertainties and, therefore, rising prices.
