How much did a barrel of oil cost in 2010?
How much did a barrel of oil cost in 2010?
Annual Average Domestic Crude Oil Prices
| Annual Average Domestic Crude Oil Prices ($/Barrel) | ||
|---|---|---|
| 1946-Present | ||
| 2008 | $91.48 | $115.06 |
| 2009 | $53.48 | $67.61 |
| 2010 | $71.21 | $88.72 |
How much did a barrel of oil cost in 2011?
The crude oil markets sustained high price levels in 2011, as the spot price of Brent averaged $111.26 per barrel, marking the first time the global benchmark averaged more than $100 per barrel for a year (see chart above).
What was the average price of oil per barrel?
Crude Oil Prices – 70 Year Historical Chart
| Crude Oil Prices – Historical Annual Data | ||
|---|---|---|
| Year | Average Closing Price | Year High |
| 2019 | $56.99 | $66.24 |
| 2018 | $65.23 | $77.41 |
| 2017 | $50.80 | $60.46 |
Why were oil prices so high in 2010?
They include general oversupply as US and Canadian tight oil (shale oil) production reached critical volumes, geopolitical rivalries among oil-producing nations, falling demand across commodities markets due to the deceleration of the Chinese economy, and possible restraint of long-term demand as environmental policy …
What’s the current price of a barrel of oil?
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 April 30, 2021 is $63.58 per barrel.
What was the price of oil in 1991?
Oil Prices by Year: Average, High, Low, and Events Year Average Low High Causes 1991 $18.73 $17.17 $22.30 SPR released oil 1992 $18.21 $16.00 $19.83 1993 $16.13 $12.56 $18.35 1994 $15.54 $12.90 $17.52 NAFTA allowed cheap oil from Mexico
What was the price of oil in 2020?
A paid subscription is required for full access. This statistic depicts the average annual oil price for selected OPEC crude oils from 1960 to 2020. In 2020, the preliminary average annual oil price per barrel was 60.32 U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries.
What was the price of crude oil in 2006?
Weekly Price History of NYMEX (WTI) Crude Oil for Future Delivery – 2006 to The Present. Most Recent, Week-Ending Close Value CLICK HERE to View a Crude Oil Price Chart CLICK HERE for Crude Oil Inventories: Date: Price @ Close: December 30, 2005: $61.04: January 6, 2006: $64.21: January 13, 2006: $63.92
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 April 30, 2021 is $63.58 per barrel.
What was the price of crude oil in 1990?
Annual Average Domestic Crude Oil Prices 1989 $18.33 $38.88 1990 $23.19 $46.55 1991 $20.20 $39.01 1992 $19.25 $36.08
What was the price of crude oil in 2001?
Annual Average Domestic Crude Oil Prices 2000 $27.39 $41.82 2001 $23.00 $34.18 2002 $22.81 $33.33 2003 $27.69 $39.60
A paid subscription is required for full access. This statistic depicts the average annual oil price for selected OPEC crude oils from 1960 to 2020. In 2020, the preliminary average annual oil price per barrel was 60.32 U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries.
