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  1. The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance.

  2. 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.

    Year
    Averageclosing Price
    Year Open
    Year High
    2024
    $77.72
    $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 preliminary 2024 OPEC oil price stood at 83.03 U.S. dollars per barrel, as of August. This would be only slightly higher than the 2023 average, which amounted to 82.95 U.S. dollars.

  4. Jan 4, 2022 · OPEC and other countries, such as Russia, that coordinate production with OPEC (referred to as OPEC+) announced in December 2020 that they would continue to limit production increases throughout 2021 to support higher crude oil prices.

  5. Crude Oil - data, forecasts, historical chart - was last updated on October 2 of 2024. Crude Oil increased 0.20 USD/BBL or 0.28% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.

  6. Jan 5, 2022 · A faster increase in global oil demand than growth in supply led to oil prices jumping last year, with the average Brent Crude price at $71 per barrel—the highest of the past three years, the...

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  8. Oct 5, 2021 · Oil prices on Tuesday climbed to their highest level in nearly seven years after OPEC and its allies declined to significantly ramp up production. US crude jumped another 1.4% to settle at...

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