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  1. 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.

  2. 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.

  3. 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 is expected to trade at 74.09 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

  4. On September 23, 2024, the Brent crude oil price stood at 74.05 U.S. dollars per barrel, compared to 70.37 U.S. dollars for WTI oil and 74.44 U.S. dollars for the OPEC basket.

  5. 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 ...

  6. Dec 14, 2022 · Benchmark crude oil futures plunged by around $8-9/bbl over the course of November and a further $5/bbl in early December, as macro-economic headwinds took centre-stage and apprehension about OPEC+ cuts and EU embargoes faded.

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  8. Jul 13, 2022 · This time, the decline was led by crude oil, while product shipments were relatively stable at 2.4 mb/d. Meanwhile, export revenues increased by $700 million m-o-m on higher oil prices, to $20.4 billion, 40% above last year’s average.

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