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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.
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. The current price of WTI crude oil as of September 27, 2024 is $68.18 per barrel.
Crude Oil decreased 3.01 USD/BBL or 4.20% 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 September of 2024.
Feb 11, 2022 · Benchmark crude oil prices surged by ~$15/bbl in January, breaching the $90/bbl threshold for the first time since 2014. Backwardation on the 12-month strip beginning with the April 2022 contract has hit double digits for both WTI and Brent, reflecting low crude stock levels.
Aug 16, 2023 · The total cost of imported crude oil was $21.5 billion in 2022, 46% higher than the $14.7 billion cost in 2021. This increase was primarily because global crude oil prices spiked in 2022, following Russia’s invasion of Ukraine, causing global supply security concerns, along with general demand recovery relative to the onset of the COVID-19 ...
Jan 19, 2022 · Crude prices struggled under demand uncertainties in December before a vigorous post-holiday rebound. North Sea Dated rose from an average $74.01/bbl last month to $87.30/bbl on 18 January, its highest level since 2014.
Monthly price chart and freely downloadable data for Crude Oil (petroleum). Price in US Dollars per Barrel. 6 month history.
