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Crude Oil Prices - Historical Annual Data; Year Average Closing Price Year Open Year High Year Low Year Close Annual % Change; 2024: $78.83: $71.65: $87.01: $70.38: $78.16: 9.58%: 2023: $77.64: $80.26: $93.84: $66.74: $71.33-11.40%: 2022: $94.53: $76.08: $123.70: $71.59: $80.51: 7.05%: 2021: $68.17: $47.62: $84.65: $47.62: $75.21: 55.01%: 2020 ...
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Live interactive chart of West Texas Intermediate (WTI or...
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Mar 25, 2020 · Release date: 2020-03-25. As of Friday 20 March 2020, the spot price for West Texas Intermediate (WTI) crude oil decreased by 65% from its price on 6 January 2020. Over the same time period, the price for Western Canadian Select (WCS) crude oil in Alberta fell by 72% from US$40 per barrel (US$/bbl) to US$11/bbl.
Dec 15, 2020 · Oil prices have moved rapidly and smoothly from contango to backwardation, based on stronger Asian demand and effective OPEC+ supply management. ICE Brent futures rose $2.46/bbl in November to $43.98/bbl and closed at $49.97/bbl on 11 December.
Jan 5, 2021 · In the first half of 2020, responses to the COVID-19 pandemic led to steep declines in global petroleum demand and to volatile crude oil markets. The second half of the year was characterized by relatively stable prices as demand began to recover.
Monthly Oil Market Report 2020. The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market ...
Apr 14, 2021 · The total cost of all imported crude oil was $11.5 billion in 2020, a drop of 40% from 2019 when the cost was $18.9 billion 2. This is due to both the 20% decline in imported volumes, and the decline in global crude prices due to OPEC+ actions and COVID-19 market impacts.
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Mar 9, 2020 · A progressive recovery takes place through the second half of 2020. For 2020 as a whole, the magnitude of the drop in the first half leads to a decline in global oil demand of around 90,000 barrels a day compared with 2019.