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Annual average domestic first purchase prices for crude oil in the United States from 1859 to 2022 (in nominal U.S. dollars 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 basis with today's latest value.
YearAverageclosing PriceYear OpenYear High2024$78.95$71.65$87.012023$77.64$80.26$93.842022$94.53$76.08$123.702021$68.17$47.62$84.65Crude Oil - data, forecasts, historical chart - was last updated on July 6 of 2024. Crude Oil increased 11.69 USD/BBL or 16.31% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.
Jan 4, 2023 · The spot price for West Texas Intermediate (WTI), a benchmark price for U.S. crude oil, followed a similar pattern, finishing the 2022 trading year $4/b higher than on January 3. The Brent crude oil spot price averaged $100/b in 2022, and the WTI spot price averaged $95/b.
Feb 29, 2024 · The Average Crude Oil Spot Price calculates an equally weighted price of the WTI Crude Oil Price, Brent Crude Oil Price, and Dubai Crude Oil Price. This metric gives a nice overview of the broad crude oil market, rather than looking at one type of crude oil price alone.
DateValueJune 30, 202481.20May 31, 202481.44April 30, 202488.01March 31, 202483.55Dec 31, 2019 · In depth view into Crude Oil Price including historical data from 1861 to 2022, charts and stats. Crude Oil Price (I:COP) 82.64 USD/bbl for 2023
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How much did crude oil cost in 2022?
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Jan 4, 2022 · According to our December 2021 Short-Term Energy Outlook (STEO) estimates, U.S. crude oil production in 2021 decreased by 0.1 million barrels per day (b/d) from 2020 and by 1.1 million b/d from 2019.
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