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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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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$84.65Dec 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
DateValueDecember 31, 202382.64December 31, 2022101.32December 31, 202170.91December 31, 202041.84- Energy
- 70.91
- 42.88%
Interactive daily chart of Brent (Europe) crude oil prices over the last ten years. Values shown are daily closing prices. The current price of Brent crude oil as of July 01, 2024 is $86.57 per barrel.
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- World oil demand is set to contract by 110 kb/d y-o-y in 4Q22, reaching 100.8 mb/d, up by 130 kb/d compared with last month’s Report. Strong gasoil use in key consuming countries outweighs weak European and Asian petrochemical deliveries.
- World oil supply fell 190 kb/d in November to 101.7 mb/d, breaking a five-month uptrend, after Saudi Arabia and other Gulf countries curbed supply in line with lower OPEC+ output targets.
- Global refinery throughputs surged 2.2 mb/d in November to the highest since January 2020, resulting in sharply lower diesel and gasoline cracks and refinery margins.
- Russian oil exports increased by 270 kb/d to 8.1 mb/d, the highest since April as diesel exports rose by 300 kb/d to 1.1 mb/d. Crude oil loadings were largely unchanged m-o-m, even as shipments to the EU fell by 430 kb/d to 1.1 mb/d.
Mar 13, 2022 · Source: U.S. Energy Information Administration. (13 May 2021) Brent crude oil prices will average $62.26 per barrel in 2021 and $60.74 per barrel in 2022 according to the forecast in the most recent Short-Term Energy Outlook from the US Energy Information Administration (EIA).
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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.
