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1. www.macrotrends.net › 1369Crude Oil Prices - 70 Year Historical Chart | MacroTrends

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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. 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...

2. www.thebalancemoney.com › oil-price-history-3306200Crude Oil Price History: A Chart of Events Since 1970

   www.thebalancemoney.com › oil-price-history-3306200

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   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.

   • Author: Kimberly Amadeo

3. Videos

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     weforum.org

     Why do oil prices matter to the global economy? An expert explains

     Feb 15, 2022

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     investopedia.com

     What Determines Oil Prices?

     Dec 31, 2008

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     1:16

     youtube.com

     Why oil prices are rising

     May 7, 2018

     23.8K Views

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4. www.nytimes.com › 2024/04/09 › businessWhy Oil Prices Have Been Rising Recently - The New York Times

   www.nytimes.com › 2024/04/09 › business

   Apr 9, 2024 · The average price at the pump has risen about 50 cents per gallon since early January, to around $3.70, according to the Energy Information Administration. Market watchers note that a...

5. oilprice.com › Latest-Energy-News › World-NewsAverage Oil Price In 2021 Was The Highest In Past Three Years

   oilprice.com › Latest-Energy-News › World-News

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   Jan 5, 2022 · A faster increase in global oil demand than growth in supply led to oil prices jumping last year, with the average Brent Crude price at $71 per barrel—the highest of the past three years, the...

6. tradingeconomics.com › commodity › crude-oilCrude Oil - Price - Chart - Historical Data - News

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   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. Crude Oil - values, historical data, forecasts and news - updated on June of 2024.

7. www.weforum.org › agenda › 2022Why oil prices matter to the global economy - an expert ...

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   What affects oil prices and how do fluctuations impact the wider economy? We discuss rising inflation, post-pandemic economic recovery and the energy transition.

8. People also ask

   Why did oil prices jump last year?

   • A faster increase in global oil demand than growth in supply led to oil prices jumping last year, with the average Brent Crude price at $71 per barrel—the highest of the past three years, the U.S. Energy Information Administration (EIA) said on Tuesday.

   Average Oil Price In 2021 Was The Highest In Past Three Years

   oilprice.com/Latest-Energy-News/World-News/Average-Oil-Price-In-2021-Was-The-Highest-In-Past-Three-Years.html

   See all results for this question

   Why did crude oil prices increase in the first half?

   • Crude oil prices increased in the first half of the year because of supply concerns. Russia’s full-scale invasion of Ukraine came during eight consecutive quarters (from the third quarter of 2020 to the second quarter of 2022) of global crude oil inventory decreases.

   Crude oil prices increased in first-half 2022 and declined in second

   www.eia.gov/todayinenergy/detail.php?id=55079

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   Why are oil prices rising?

   • Oil prices have climbed in recent weeks, spurred by concerns over supplies and geopolitical risks, including wars in Ukraine and the Middle East. Analysts say the momentum could carry prices higher. The price of a barrel of Brent crude oil, the international benchmark, has risen more than 20 percent since mid-December.

   Why Oil Prices Have Been Rising Recently - The New York Times

   www.nytimes.com/2024/04/09/business/oil-price-rise.html

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   Why did oil prices rise in 2022?

   • 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. The following chart shows the nominal value for imported crude oil according to the U.S. Energy Information Administration.

   Crude Oil Price History: A Chart of Events Since 1970 - The Balance

   www.thebalancemoney.com/oil-price-history-3306200

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9. www.eia.gov › todayinenergy › detailCrude oil prices increased in first-half 2022 and declined in ...

   www.eia.gov › todayinenergy › detail

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   Jan 4, 2023 · The Brent crude oil spot price averaged $100/b in 2022, and the WTI spot price averaged $95/b. In the first half of 2022, geopolitical tension with Russia, culminating with Russia’s full-scale invasion of Ukraine on February 24, contributed to crude oil price increases.