Oil Price Per Barrel History Chart

1 barrel 336 pint oil wti price per 1 pint 0 12 usd 1 barrel 0 136 tonnes of crude oil oil wti price per 1 ton 284 85 usd 1 barrel 42 gallons.

Oil price per barrel history chart. Its price began to fall when the u s led coalition experienced military success against iraqi forces. The international energy agency reported that high oil. Crude oil prices 70 year historical chart interactive charts of west texas intermediate wti or nymex crude oil prices per barrel back to 1946. From 1999 to mid 2008 the price of.

It also shows the brent crude price history charts the past 6 hours 24 hours 30 days 90 days 180 days 1 2 5 and 10 years. The price of oil is affected by global economic conditions and supply and demand as well as market speculation. Average monthly prices of oil rose from 17 per barrel in july to 36 per barrel in october. During the previous peak price back in 1979 the nominal monthly average oil price peaked at 38 per barrel although the intraday prices spiked much higher.

The second table presents the monthly average crude oil prices for illinois sweet crude plus their inflation adjusted prices from 2011 2020. In nominal terms we see a fall from 126 33 in june 2008 to 31 04 in february 09 but by june 09 oil is back to 61 46 and by april of 2011 it was back to 102 15. Compared to brent crude price history chart brent crude price chart provides more detailed. Oil prices in the 1960s and 1970s global oil prices generally ranged between 2 50 and 3 00 a barrel until 1970.

Crude oil price are commonly measured in usd per barrel. Since these are annual average prices they will not show the absolute peak price and will differ slightly from the monthly averages in our oil price data in chart form. The united states was the world s dominant oil producer at that time. That s about 17 to 20 a barrel when adjusted for inflation.