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Crude Oil Prices - 70 Year Historical Chart. 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.
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?
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.
May 22, 2020 · Though oil had increased in value, Canada’s oil industry was largely owned by American companies. Canada was exporting oil to the United States at a fixed price and importing oil from foreign sources at an increasing price.
Nov 23, 2022 · By 2020, with annual average WTI 4 prices at US$40 per barrel, Canadian oil and gas investment fell to $24 billion, a level not seen since 2002. Investment in 2020 was down more than two-thirds from 2014’s peak, when WTI prices averaged US$90 per barrel.
Jun 20, 2024 · Global crude oil prices, measured in US dollars per cubic meter. This data is not adjusted for inflation.
This Chart presents Monthly Average Crude Oil Prices and Inflation-Adjusted Oil Prices (adjusted to January 2023 prices). For more information, see Annual Average Oil Prices in Table Form.
