| Year Average Low | 1975 $13.95 $12.77 | 1976 $13.48 $13.26 | 1977 $14.53 $14.11 | 1978 $14.57 $14.40 |
|---|
What was the price of a barrel of oil in 1975?
| Annual Average Domestic Crude Oil Prices ($/Barrel) | 1946-Present | 1975 $12.21 $61.61 | 1976 $13.10 $62.56 | 1977 $14.40 $64.52 |
|---|
How much was oil a barrel in 1973?
During the OPEC oil embargo, inflation-adjusted oil prices went up from
$25.97 per barrel
(bbl) in 1973 to $46.35 per barrel (bbl) in 1974.
What is the lowest price oil has ever been?
On 23 December 2008, WTI crude oil spot price fell to
US$30.28 a barrel
, the lowest since the financial crisis of 2007–2008 began.
What was the price of oil in 1980?
The world price of oil had peaked in 1980 at
over US$35 per barrel
(equivalent to $110 per barrel in 2020 dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($64 to $24 in 2020 dollars).
What is the highest price of oil in history?
The absolute peak occurred in June 2008 with the highest inflation-adjusted monthly average crude oil price of
$156.85 / barrel
.
What was the highest price for a barrel of oil?
Price of West Texas Intermediate crude oil
Since 1976, the price of WTI crude oil has increased notably, rising from just 12.23 U.S. dollar per barrel in 1976 to a peak of
99.06 dollars per barrel in 2008
.
What was the price of a barrel of oil in 1972?
In 1972, the price of crude oil was
below $3.50 per barrel
.
What was oil worth in 1900?
| 1861 0.49 12.65 | 1900 1.19 33.19 | 1901 0.96 26.77 | 1902 0.80 21.45 | 1903 0.94 24.27 |
|---|
What is the price of a barrel of oil WTI or Brent today?
| Index Units Price | CL1:COM WTI Crude Oil (Nymex) USD/bbl. 72.30 | CO1:COM Brent Crude (ICE) USD/bbl. 75.17 | CP1:COM Crude Oil (Tokyo) JPY/kl 47,990.00 | NG1:COM Natural Gas (Nymex) USD/MMBtu 5.39 |
|---|
What was the price of oil in 2020?
| Crude Oil Prices – Historical Annual Data | Year Average Closing Price Year High | 2020 $39.68 $63.27 | 2019 $56.99 $66.24 | 2018 $65.23 $77.41 |
|---|
Will oil prices go up in 2021?
The survey of 43 participants forecast Brent would
average $68.02 a barrel in 2021
versus a forecast in July for $68.76. It is the first downward revision to the 2021 price view since November 2020. Brent has averaged about $67 this year.
Who controls the price of oil?
Unlike most products, oil prices are not determined entirely by supply, demand, and market sentiment toward the physical product. Rather, supply, demand, and sentiment toward oil futures contracts, which are traded heavily by
speculators
, play a dominant role in price determination.
What was the price of oil in 1970?
| Year Average Causes | 1970 $2.96 Regulated prices | 1971 $3.17 | 1972 $3.22 | 1973 $4.08 |
|---|
What is price of oil today per barrel?
The current price of WTI crude oil as of September 21, 2021 is
70.50 per barrel
.
What is price per barrel of oil?
| Conversion Oil (Brent) Price Price | 1 Barrel = 42 Gallons Oil (Brent) Price Per 1 Gallon 1.80 USD | 1 Barrel ≈ 158,98 Liters Oil (Brent) Price Per 1 Liter 0.47 USD | 1 Barrel = 336 Pint Oil (Brent) Price Per 1 Pint 0.22 USD |
|---|
