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74.05 U.S. dollars per barrel
- On October 21, 2024, the Brent crude oil price stood at 74.05 U.S. dollars per barrel, compared to 70.56 U.S. dollars for WTI oil and 73.02 U.S. dollars for the OPEC basket.
www.statista.com/statistics/326017/weekly-crude-oil-prices/
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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. Domestic oil was plentiful. Cheap oil and gas expanded interstate highways, interstate truc...
Since the 1970s, oil prices have become more volatile. They're affected by more than the laws of supply and demand. Oil prices are determined in the short run by oil futures contracts on the commodities markets. This means that in the short run, commodities traderscan also affect oil prices. They can drive prices up even if they only think there wi...
The following chart shows the nominal value for imported crude oil according to the U.S. Energy Information Administration. The first column shows the average annual price. It's followed by the monthly high and low oil prices for that year.The last column shows the reasons and accompanying events responsible for the price variations.
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From June 2014 to January 2015, as the price of oil dropped 60% and the supply of oil remained high, the world's largest traders in crude oil purchased at least 25 million barrels to store in supertankers to make a profit in the future when prices rise.
Crude Oil decreased 0.73 USD/BBL or 1.02% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Crude Oil reached an all time high of 147.27 in July of 2008
2022年3月7日 · This chart shows the daily price per barrel of Brent crude oil from 2006 to 2022.
2022年5月4日 · The real price of oil reached a seven year high amid the Russia-Ukraine war. How have other major events impacted historical oil prices?
2024年9月16日 · Brent crude oil price annually 1976-2024. Published by Statista Research Department, Sep 16, 2024. The average annual price of Brent crude oil stood at 83.56 U.S. dollars per barrel...
