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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.
Jun 20, 2024 · Global crude oil prices, measured in US dollars per cubic meter. This data is not adjusted for inflation.
Crude Oil increased 12.50 USD/BBL or 17.44% 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 July of 2024.
The current price of Brent crude oil as of June 24, 2024 is $86.75 per barrel. Interactive daily chart of Brent (Europe) crude oil prices over the last ten years. Values shown are daily closing prices.
YearAverageclosing PriceYear OpenYear High2024$83.70$76.24$93.122023$82.49$80.36$97.102022$100.93$78.25$133.182021$70.86$50.37$85.76- Records
- Example
- Cost
- Causes
The absolute peak occurred in June 2008 with the highest inflation adjusted monthly average crude oil price of $145.93 / barrel. From there we see one of the sharpest drops in history. Note that the fall from the 1979 peak took until 1986 (7 years) to fall as much (percentage wise) as it lost in only six months from 2008-2009.
In nominal terms, we see a fall from $126.33 in June 2008 to $31.04 in February 09 but by June 09 oil is back to $61.46 and by April of 2011 it was back to $102.15. Fortunately, from there it decreased down to $76.90 in September but then started increasing again. The average for the year 2011 was $87.04. 2012 was very close with the nominal averag...
During the previous peak price back in 1979 the nominal monthly average oil price peaked at $38 per barrel (although the intraday prices spiked much higher). The common price quoted is the all time high for Crude Oil prices i.e. the price that the highest barrel ever sold for. That price doesnt really have any effect on the price consumers paid. Wh...
As we can see from the chart, inflation adjusted prices were higher in 2008 than they were in either 2011 or 1980, but in 1980 the prices stair-stepped down rather than falling sharply as they did in 2008. Part of the reason for this was that 2008 prices were driven by a speculative bubble while 1979-80 prices were driven up by OPEC. Another factor...
Jan 4, 2022 · The spot price of Brent crude oil, a global benchmark, started the year at $50 per barrel (b) and increased to a high of $86/b in late October before declining in the final weeks of the year. Brent’s 2021 annual average of $71/b is the highest in the past three years.
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Dec 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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