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On March 8, 2022, the combination of Russia’s invasion of Ukraine with low global crude oil inventories lifted the 2022 crude oil price to the highest inflation-adjusted price since 2014. The WTI price followed a similar path as the Brent crude oil price in 2022, averaging $5/b less than the Brent crude oil price, compared with $3/b less in 2021.
- EIA expects crude oil prices higher than $100 per barrel in ...
In our March 2022 Short-Term Energy Outlook (STEO), which...
- EIA expects crude oil prices higher than $100 per barrel in ...
Mar 16, 2022 · In our March 2022 Short-Term Energy Outlook (STEO), which was finalized on March 3, we increased our forecast price of international benchmark Brent crude oil to $116 per barrel (b) for the second quarter of 2022. We expect gasoline prices to average about $4.10 per gallon (gal) during the second quarter of 2022 and then decline through the rest of the year.
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) [Graph], EIA, January 6, 2022. [Online].
Dec 28, 2021 · 2022 could see higher energy prices if current trends continue. U.S. crude oil prices hit a high of $86.40 per barrel in October this year. The trends that led to this peak also lifted all other ...
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 October 11, 2024 is $75.56 per barrel. Historical Chart. 10 Year Daily Chart.
YearAverageclosing PriceYear OpenYear High2024$77.51$71.65$87.012023$77.64$80.26$93.842022$94.53$76.08$123.702021$68.17$47.62$84.65Price summary (historical and forecast) 2022 2023 2024 2025; WTI Crude Oil a dollars per barrel: 94.91: 77.58: 76.91: 73.13: Brent Crude Oil dollars per barrel
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Price - Chart - Historical Data - News. WTI crude oil futures dipped by 0.3% to settle at $75.5 on Friday as investors considered the potential supply disruptions from the Middle East conflict and the effects of Hurricane Milton on fuel demand in Florida. Still, the U.S. benchmark marked their second consecutive weekly gain, and has surged over ...