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  1. 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 basis with today's latest value.

  2. Apr 13, 2022 · U.S. oil prices have been up and down since 1970. Highs and lows have been spurred by various events in history.

    • Kimberly Amadeo
  3. Crude Oil increased 0.20 USD/BBL or 0.28% 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 October of 2024.

  4. Apr 20, 2021 · On April 20, 2020 the price of West Texas Intermediate crude oil on the New York Mercantile Exchange turned negative and settled the historic day at a minus $37.63 bbl as panicked sellers...

  5. Oct 24, 2023 · Panicked motorists, many with tanks half full, queued at service stations around the country. The 1970s “Energy Crisis” was in full swing. While shortages were blamed on Big Oil at home and OPEC abroad, the real culprit was federal price and allocation controls.

  6. Nov 9, 2023 · The spot price [1] for a barrel of oil more than doubled between 2020 and 2022, from an average of $44.28 to $94.90. By October 2023, the price per barrel had gone down to $88.03. Several factors have influenced fluctuations in oil prices in recent years, and its price could foreshadow the direction of the broader economy.

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  8. Jan 17, 2022 · The dollar was strong. Inventories were huge. The economy was weak. And production was growing. All of these factors drove the price of crude oil to less than $40 per barrel.

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