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The current price of WTI crude oil as of June 28, 2024 is $82.64 per barrel. 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 ...
- 10 Year Daily Chart
WTI Crude Oil Prices - 10 Year Daily Chart. Interactive...
- Crude Oil vs Gasoline Prices
This interactive chart compares the monthly price...
- Saudi Arabia Crude Oil Production
Interactive chart showing the monthly level of Saudi Arabia...
- Crude Oil Prices Today - Live Chart
Live interactive chart of West Texas Intermediate (WTI or...
- Oil Prices vs Natural Gas
This interactive chart compares the price performance of...
- 10 Year Daily Chart
Jun 8, 2022 · The benchmark North American oil price, a crude blend known as West Texas Intermediate or WTI, was changing hands for $119 US a barrel on Tuesday — within striking distance of the multi-year...
- 2 min
- Pete Evans
May 4, 2022 · The real price of oil reached a seven year high amid the Russia-Ukraine war. How have other major events impacted historical oil prices?
- 50 Years of Ups and Downs
- A Pefect Storm in 2022
- What Could Ease This Shock?
Global oil production began in the mid-1800s and grew rapidly in the first half of the 20th century. For much of that time, oil majors – companies like Chevron, Amoco and Mobil that were created after the Supreme Court ordered the breakup of Standard Oil in 1911– operated effectively as a cartel, maintaining production at levels that kept oil abund...
Today, multiple factors are raising oil prices. There are three key elements: 1. Oil demand has grown more rapidly than expected in recent months as countries emerged from pandemic lockdowns. 2. OPEC+, a loose partnership between OPEC and Russia, has not raised production at a commensurate level, and neither have U.S. shale oil companies. 3. Countr...
As I see it, the key players that can help curtail this price shock are OPEC – mainly, Saudi Arabia – and the U.S. For these entities, holding back oil supply is a choice. However, there’s no evidence yet that they are likely to change their positions. Restoring the Iran nuclear deal and lifting sanctions on Iranian oil would add oil to the market,...
- Scott L. Montgomery
Nov 23, 2022 · Following a trend of higher prices, Statistics Canada’s latest Annual Capital Expenditures Survey data indicates that Canadian oil and gas investment levels in 2022 are likely to be one-third higher than the 2020 lows.
Mar 23, 2020 · In the two weeks since an oil price war broke out between Russia and Saudi Arabia, crude prices have plunged to their lowest levels in years, hammering Canada's oilpatch all the way...
People also ask
Is Canadian oil cheaper than US oil?
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Feb 27, 2024 · The “muted” swings in global benchmark oil prices, despite wars in the Middle East and Eastern Europe, reflect a modest geopolitical risk premium and the “stabilizing forces of elevated ...
