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  1. 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 basis with today's latest value.

  2. May 4, 2022 · The real price of oil reached a seven-year high amid the Russia-Ukraine war. How have other major events impacted historical oil prices?

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  3. May 22, 2020 · Even though the cost of oil was increasing globally, Canadians were not reaping much of the benefit. From 1973 onward, the federal government worked with the governments of oil-producing provinces to increase the price of Canadian oil. By 1979, the domestic price was roughly 85 per cent of the global price.

  4. USD/CAD and the oil price have a positive correlation. (The y-axis to USD/CAD is reversed.) When oil prices rise, the Canadian dollar . CAD peaked out and reversed before oil prices did in 2008 and 2014. Canada is one of the world's largest exporters of commodities, including crude oil.

  5. 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.

  6. Nov 23, 2022 · From the early 2000s to 2008, concerns of supply shortage led to rising oil and gas prices globally and in North America. With rising prices, Canadian oil and gas investment levels hit a then-high of $50 billion in 2008. The sector made up 18% of total industrial investment in Canada that year.

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  8. 1. West Texas Intermediate (WTI); New York Mercantile Exchange (NYMEX). Source (s): Natural Resources Canada, crude oil prices. Date modified: 2014-12-04.

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