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76.99 per barrel
- The current price of WTI crude oil as of May 31, 2024 is 76.99 per barrel.
www.macrotrends.net/2566/crude-oil-prices-today-live-chart
People also ask
What is the price of Brent crude oil?
What are crude oil and petroleum product prices?
How does Brent crude oil compare to WTI crude prices?
How much does WTI crude oil cost?
- Historical Prices for Oil (Brent) Loading.. Date. Open. Close. Daily High. Daily Low. Price change over selected period: 0% 0.
- Unit conversion for Oil (Brent) Price Today. Conversion. Oil (Brent) Price. Price. 1 Barrel ≈ 158,98 Liters. Oil (Brent) Price Per 1 Liter. 0.52 USD. 1 Barrel ≈ 0,136 Tonnes of Crude Oil.
- Energy. Name. Price % Unit. Date. Natural Gas (Henry Hub) 1.81. 0.67. USD per MMBtu. 3/8/24 05:00 PM. Ethanol. 2.16. 0.05. USD per Gallon. 3/8/24 07:16 AM. Heating Oil.
- Oil Price (Brent Crude and WTI) The price of oil is the most important value on international commodity markets since crude oil is the most important commodity.
The current price of WTI crude oil as of May 31, 2024 is 76.99 per barrel. Live interactive chart of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel.
Crude oil prices & gas price charts. Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice.
May 24, 2024 · West Texas Intermediate prices have drifted lower in 2024, but prices are up 17.41% over the past three years. WTI crude fell to its 52-week low of $66.81 per barrel on Jun. 12, 2023. It reached ...
- What Is The Brent Crude Oil Spot Price?
- What Drives The Price of Oil?
- How to Set Up Google Alerts For Oil Price News
- Further Reading on Crude Oil
- Oil Price FAQs
A simple way to understand oil spot prices is by breaking down the meaning of a complex term like ‘Brent crude oil spot price’: 1. Brent— the type of oil blend, as opposed to another oil blend like West Texas Intermediate (WTI) 2. Crude oil— the physical asset being brought or sold, in this case, crude oil with minimal processing 3. Spot price— the...
Crude oil is extracted from underground oil reserves. In Brent crude oil’s instance, these reserves are under the seafloor, while WTI crude oil is extracted from reserves located under dry land. That’s the first component of oil prices — the extraction process and machinery required. Aside from the physical groundwork of gathering and processing oi...
An easy way to get breaking news about the crude oil market is to create a Google Alert which will email you top news stories about oil as they occur. 1. Go to Google Alerts. 2. Type “crude oil” in the search box. 3. Choose how often you’d like to receive alert emails: 3.1. As it happens 3.2. once a day 3.3. once a week. 4. Choose the sourcesyou wa...
Want to learn more about crude oil? See these guides: 1. Crude oil as a commodity— detailed guide on extraction, processing, and the consumer market 2. Crude oil trading— how and where to speculate on crude oil spot prices 3. Largest oil pruducing US states— statistics on total annual oil production, oil reserves, refineries, and more Did you know ...
What is the standard unit of oil?
Oil prices are quoted per barrel, or ‘bbl’. The abbreviation indicates one barrel of crude oil, but you may see Gbbl (one billion barrels), as well as Mbbl (one million barrels) or Kbbl for one thousand barrels. For example, you can see that Brent crude oil spot prices are quoted by the barrel (bbl), as are West Texas Intermediate (WTI) oil prices on global futures exchanges like NYMEX.
What is today’s Brent crude oil price?
Today’s live Brent crude oil spot price is at $81.44 per barrel. That’s down 2% from last week’s price of $83.40per barrel. Brent crude oil trades six days a week, so based on which day you’re looking at crude oil spot prices, you may be getting the last recorded live price. At local time on Sundays for your chosen exchange, you’ll almost certainly get the last Brent crude oil spot price that the market closed with.
What is today’s WTI crude oil price?
Today’s live Brent crude oil spot price is at $77.58 per barrel. That’s down by 2% from the price of $79.36per barrel one week ago. WTI crude oil trades from Sunday through to Friday, 5 PM to 4 PM CT. If you check live prices on Saturdays, you will always see the last recorded WTI crude price from the previous Friday.
Wholesale Spot Petroleum Prices, 5/30/24 Close: Product Area Price Percent Change* Crude Oil ($/barrel) WTI: 78.96-1.6: Brent: 81.42-0.1: Louisiana Light: 81.51-1.6: Gasoline (RBOB) ($/gallon) NY Harbor: 2.40-2.4: Gulf Coast: 2.28-2.8: Los Angeles: 2.44-7.3: Heating Oil ($/gallon) NY Harbor: 2.29-2.8: Gulf Coast: 2.17-2.8: 3:2:1 Crack Spread ...
Rising prices indicate that additional supply is needed, and falling prices indicate there is too much supply for current demand. Futures markets also provide information about the physical supply and demand balance as well as the market's expectations. The outlook for crude oil prices is uncertain
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