What was the price of oil in 1986?
What was the price of oil in 1986?
From November of 1985 to July of 1986, oil fell from around $30 a barrel to $10. Compare that with the current dive from highs above $120 last June to around $45 a barrel as of mid-March. (See below.) The similarity is uncanny.
What was the price of crude oil in 1946?
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.
What was the price of oil in the 1980s?
The 1980s oil glut was a serious surplus of crude oil caused by falling demand following the 1970s energy crisis. The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $106 per barrel in 2008 dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($62 to $23 in 2008 dollars).
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.
From November of 1985 to July of 1986, oil fell from around $30 a barrel to $10. Compare that with the current dive from highs above $120 last June to around $45 a barrel as of mid-March. (See below.) The similarity is uncanny.
The 1980s oil glut was a serious surplus of crude oil caused by falling demand following the 1970s energy crisis. The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $106 per barrel in 2008 dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($62 to $23 in 2008 dollars).
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.
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.
