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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 ...
Apr 13, 2022 · Global oil prices in the 20th century generally ranged between $1.00 and $2.00 per barrel (/b) until 1970. That's about $10/b to $30/b when adjusted for inflation. The United States was the world's dominant oil producer at that time, and it regulated prices.
- Kimberly Amadeo
- Historical WTI Crude Oil Prices: Characteristics
- Important Events That Affect Brent & WTI Crude Oil Price History
- Crude WTI Oil Price History Through Years
- Ref
The historical price of WTI oil is close to being compared with the trend of Brent, another benchmark that takes the oil extracted in the North Sea as a reference. Other meaningful quotes are Dubai Crude, Oman Crude, Urals oil, and OPEC’s Reference Basket. Over the years, the price trend has been influenced by the amount of oil deposited in Cushing...
Along the two main lines of the market and the system, Noah Fortune has reviewed the trend of crude oil prices history in the past 70 years. 1. After World War II ended in 1945, the rapid development of the automobile industry in the years after the war led to a considerable increase in demand for crude oil, which drove the price of crude oil to do...
Historical from 1946 to 1955
The first historical graph of the WTI oil price includes the decade from 1946 to 1955. In these ten years, the price of oil has marked its all-time lows. In February 1946, a barrel of oil cost only $ 1.17 per barrel. Of course, the historical price of oil at the time must be related to the context in the United States. In the middle of the postwar period, at the dawn of the economic boom and, above all, of the Cold War.
Historical from 1956 to 1965
In the history of WTI crude oil price in 1956-1965, the minimum was reached at 2.83 dollars per barrel and the maximum at 3.07.
Oil price: historical from 1966 to 1975
In this ten-year historical record, the minimum oil price was 2.4 dollars; the maximum reached 11.20.
Oil prices jumped on the news and are now about 18% higher than they were before the November announcement. WTI crude is trading around $53.62 per barrel, while Brent crude is around $55.78 per barrel as of 9:28 a.m ET 20 December.
This graph, taken from BP’s 2015 “Statistical Review of World Energy” report, shows crude oil prices, measured in US dollars per barrel, from 1861 to 2014. What trends do you see in the ways that crude oil prices have fluctuated in response to world events?
Oct 15, 2019 · Crude Oil Price History: 1861-Present. Source: IG Group. Legend: 1800-1869: Early black gold rush. The modern oil industry traces back its roots to Baku where the first commercial refinery...
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Crude Oil increased 10.28 USD/BBL or 14.35% 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 June of 2024.
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