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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 May 31, 2024 is $76.99 per barrel. Historical Chart. 10 Year Daily Chart.
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- 10 Year Daily Chart
Apr 13, 2022 · In April 2020, prices for a barrel of oil fell to an unprecedented negative oil price: around -$37/b in the United States for West Texas Intermediate (WTI) at Cushing and $9/b internationally for Brent oil.
- Kimberly Amadeo
This chart shows the historical Crude Oil prices in US dollars per barrel - 1861 onwards. Note: 1861-1944 US Average. 1945-1983 Arabian Light posted at Ras Tanura.
Ohio oil production peaked in 1896 at 24 million barrels, but Ohio continued as the leading oil state until 1902, when that title was taken by Oklahoma. The Trenton limestone produced more than 380 million barrels of oil and 2 trillion cubic feet of gas, peaking in 1896 at 23.9 million barrels of oil.
May 1, 2024 · Release Date: 5/1/2024: Next Release Date: 6/3/2024: Referring Pages: Domestic Crude Oil First Purchase Prices by Area
May 4, 2022 · Historical oil prices rose rapidly from 2004-2008. During that time, economic growth was fueling oil demand but there was little spare production capacity. By the second quarter of 2008, inflation-adjusted oil prices hit a high of $125 per barrel. They crashed by 66% shortly thereafter due to the global financial crisis.
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Jul 30, 2005 · Between 1895 and 1903, Ohio was the leading producer of crude oil in the country. But Ohio’s reign as oil king was short-lived. Production could not keep up with demand. Plus, major oil fields found in Texas and Oklahoma would quickly surpass Ohio’s.