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  1. Crude Oil - data, forecasts, historical chart - was last updated on July 8 of 2024. Crude Oil increased 10.78 USD/BBL or 15.04% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.

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  2. The current month is updated on an hourly basis with today's latest value. The current price of WTI crude oil as of July 01, 2024 is $83.23 per barrel. Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946.

    Year
    Averageclosing Price
    Year Open
    Year High
    2024
    $78.95
    $71.65
    $87.01
    2023
    $77.64
    $80.26
    $93.84
    2022
    $94.53
    $76.08
    $123.70
    2021
    $68.17
    $47.62
    $84.65
  3. 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.

  4. On July 1, 2024, the Brent crude oil price stood at 86.76 U.S. dollars per barrel, compared to 83.38 U.S. dollars for WTI oil and 86.51 U.S. dollars for the OPEC basket.

  5. Monthly price chart and freely downloadable data for Crude Oil (petroleum). Price in US Dollars per Barrel. 60 month history.

  6. May 17, 2024 · How Crude Oil Prices are Determined. The price of oil is set in the global marketplace. Oil is traded globally and can move from one market to another easily by ship, pipeline, or barge. As a result, the supply/demand balance determines the price for crude oil around the world.

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  8. Notes: Monthly and weekly prices are calculated by EIA from daily data. See Glossary for definitions of abbreviations. See Appendix B, Technical Note 1, for more information about the data in this table.