What was the price of oil in 2010?

What was the price of oil in 2010?

WTI Crude Oil Prices – 10 Year Daily Chart

Crude Oil Prices – Historical Annual Data
Year Average Closing Price Annual % Change
2010 $79.48 15.10%
2009 $61.95 78.00%
2008 $99.67 -53.52%

How much is a barrel of oil in 2021?

Average annual Brent crude oil price from 1976 to 2022 (in U.S. dollars per barrel)

Characteristic Average crude oil price in U.S. dollars per barrel
2021 70.68
2020 41.96
2019 64.3
2018 71.34

What was the price of oil in January 2021?

$54.77 per barrel
In January of 2021, price of Brent crude was $54.77 per barrel, while the price was $49.99 dollars per barrel in December of 2020. Over last twelve months the price has fallen 13.95%.

What will oil prices be in 2023?

The U.S. Energy Information Administration (EIA) forecasted in a report that the global crude oil price will decline to below 100 U.S. dollars in 2023.

How much was a barrel of oil in 1990?

Annual Average Domestic Crude Oil Prices

Annual Average Domestic Crude Oil Prices (in $/Barrel)
1989 $18.33 $42.73
1990 $23.19 $51.16
1991 $20.20 $42.88

How long will high oil prices last?

When the Labor Department announced last week that inflation had increased at its fastest rate in 40 years, it may not have come as a surprise to consumers who have seen rising costs in goods and commodities like fuel. And while some prices might fluctuate over time, the rise in gasoline prices is likely to stick around for a while.

What was the price of crude oil ten years ago?

Prices have returned to pre-pandemic levels. Global oil prices in the 20th century generally ranged between $1.00 and $2.00 per barrel (/b) until 1970. 2 That’s about $20/b to $40/b when adjusted for inflation. The United States was the world’s dominant oil producer at that time, and it regulated prices.

What are current oil prices?

Oil was supported by weekly data that showed U.S. fuel demand holding at record highs, while crude inventories at the Cushing, Oklahoma, storage hub and delivery point for U.S. futures dropped to their lowest since September 2018. Brent crude settled up $1.52, or 1.6%, to $94.81 a barrel.

What is the current price per barrel of oil?

Oil prices surged 2% on Monday and approached $100 per barrel for the first time since 2014. The spike in oil prices came after the US said it would temporarily relocate its embassy in Ukraine.