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1. www.eia.gov › todayinenergy › detailCrude oil prices increased in first-half 2022 and declined in ...

   www.eia.gov › todayinenergy › detail

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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.

   • Brent

     March 4, 2022 Crude oil prices rise above $100 per barrel...

   • WTI (West Texas Intermediate)

     Crude oil prices increased in first-half 2022 and declined...

2. www.macrotrends.net › 1369Crude Oil Prices - 70 Year Historical Chart - Macrotrends

   www.macrotrends.net › 1369

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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.

   Year	Averageclosing Price	Year Open	Year High
   2024	$77.77	$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

   See full list on macrotrends.net

3. Videos

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     Infographic: Brent crude oil prices in 2022

     Mar 11, 2022

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     Where US gets its oil from and how strategic petroleum reserve is used | JUST THE FAQS

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     Oil Production by Country 1900 - 2022 | Top 15 Countries by Crude Oil Production, Barrels per Day

     Sep 1, 2022

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4. www.statista.com › statistics › 1360959U.S. crude oil price per barrel 1859-2022 | Statista

   www.statista.com › statistics › 1360959

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   Aug 9, 2024 · Annual average domestic first purchase prices for crude oil in the United States from 1859 to 2022 (in nominal U.S. dollars per barrel)

5. tradingeconomics.com › commodity › crude-oilCrude Oil Price - Chart - Historical Data - TRADING ECONOMICS

   tradingeconomics.com › commodity › crude-oil

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   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. Looking forward, we estimate it to trade at 75.75 in 12 months time.

6. usafacts.org › articles › how-have-oil-pricesHow have oil prices changed in the US? - USAFacts

   usafacts.org › articles › how-have-oil-prices

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   Nov 9, 2023 · The spot price [1] for a barrel of oil more than doubled between 2020 and 2022, from an average of $44.28 to $94.90. By October 2023, the price per barrel had gone down to $88.03. Several factors have influenced fluctuations in oil prices in recent years, and its price could foreshadow the direction of the broader economy. Get facts first.

7. www.cnbc.com › 2022/03/06 › us-crude-oil-jumps-toU.S. crude oil spikes to 13-year high of $130 overnight, then ...

   www.cnbc.com › 2022/03/06 › us-crude-oil-jumps-to

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   Mar 6, 2022 · The U.S. average for a gallon of gas topped $4 on Sunday, according to AAA, in a rapid move due to the conflict. The underlying cost of oil accounts for more than 50% of the cost of gas that ...

8. People also ask

   How much did crude oil cost in 2022?

   • 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.

   Crude oil prices increased in first-half 2022 and declined in second

   www.eia.gov/todayinenergy/detail.php?id=55079

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   How did oil prices change in 2022?

   • The spot price for a barrel of oil more than doubled between 2020 and 2022, from an average of $44.28 to $94.90. By October 2023, the price per barrel had gone down to $88.03. Several factors have influenced fluctuations in oil prices in recent years, and its price could foreshadow the direction of the broader economy.

   How have oil prices changed in the US? - USAFacts

   usafacts.org/articles/how-have-oil-prices-changed-in-the-us/

   See all results for this question

   Will crude oil prices fall from 2021 levels?

   • In our January 2022 Short-Term Energy Outlook (STEO), we forecast that crude oil prices will fall from 2021 levels. In the fourth quarter of 2021, the price of Brent crude oil, the international pricing benchmark, averaged $79 per barrel (b). We forecast that the price of Brent will average $75/b in 2022 and $68/b in 2023.

   EIA forecasts crude oil prices will fall in 2022 and 2023

   www.eia.gov/todayinenergy/detail.php?id=50858

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   How much does Brent crude oil cost in 2022?

   • Data source: CME Group, Intercontinental Exchange, and Bloomberg L.P.Note: Retail prices are in nominal terms and are not adjusted for inflation. In the final trading day of 2022, the spot price of Brent crude oil, a global benchmark priced in Northwest Europe, closed at $85 per barrel (b), $7 higher than the price on January 3, 2022 ($78/b).

   Crude oil prices increased in first-half 2022 and declined in second

   www.eia.gov/todayinenergy/detail.php?id=55079

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9. www.eia.gov › todayinenergy › detailEIA forecasts crude oil prices will fall in 2022 and 2023

   www.eia.gov › todayinenergy › detail

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   Jan 12, 2022 · We forecast that the price of Brent crude oil in 2022 will fall from $79/b in the first quarter to $71/b in the fourth quarter. Source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2021. In 2023, we expect continued inventory growth, averaging 0.6 million b/d.