World Crude Oil Prices (Dollars per Barrel) The data on this page are no longer available. The oil market, showing characteristics typical of an equity market, is already starting to reflect the potential for a surplus in 2020. Despite a tight physical market due to Russia’s pipeline contamination crisis and U.S. sanctions on Iran and Venezuela, oil prices briefly dipped below $60 last week, The current market for crude oil is truly global in reach. Oil cargoes move with relative ease between countries and across oceans. While most U.S. oil imports come from a relatively small group of countries, it is misleading to think that only those countries have an impact on oil prices in the United States. 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 March 13, 2020 is $31.73 per barrel. 52-week price range Last Update; Oil (Light Crude) April 2020 contract $ / barrel: 29.29 -2.44-7.69%
In its March Short-Term Energy Outlook (STEO), EIA forecasts Brent crude oil prices will average $43 per barrel (b) in 2020, down from an average of $64/b in 2019. For 2020, EIA expects prices will average $37/b during the second quarter and rise to $43/b during the second half of the year. Prices are based on historical free market (stripper) oil prices of Illinois Crude as presented by Illinois Oil and Gas Association and Plains All American Oil. Typically Illinois Crude is a couple of dollars cheaper per barrel than West Texas Intermediate (WTI) because it requires a bit more refining. Oil prices have been high, low, and everywhere in between over the years. Political, economic, and other changes have consistently rocked the oil landscape since 1948. Prices generally ranged between $2.50 and $3.00 a barrel until 1970. That's about $17 to $20 a barrel when adjusted for inflation. Crude Oil Prices Charts. Latest News on Oil, Energy and Petroleum Prices. Articles, Analysis and Market Intelligence on the Oil, Gas, Petroleum and Energy Industry. Accurate Oil Price Forecasts
In its March Short-Term Energy Outlook (STEO), EIA forecasts Brent crude oil prices will average $43 per barrel (b) in 2020, down from an average of $64/b in 2019. For 2020, EIA expects prices will average $37/b during the second quarter and rise to $43/b during the second half of the year. Prices are based on historical free market (stripper) oil prices of Illinois Crude as presented by Illinois Oil and Gas Association and Plains All American Oil. Typically Illinois Crude is a couple of dollars cheaper per barrel than West Texas Intermediate (WTI) because it requires a bit more refining.
The oil market, showing characteristics typical of an equity market, is already starting to reflect the potential for a surplus in 2020. Despite a tight physical market due to Russia’s pipeline contamination crisis and U.S. sanctions on Iran and Venezuela, oil prices briefly dipped below $60 last week, CL.1 | A complete Crude Oil WTI (NYM $/bbl) Front Month futures overview by MarketWatch. View the futures and commodity market news, futures pricing and futures trading.
8 Mar 2020 Global markets have endured multiple roller coaster weeks following uncertainty over how much damage the deadly virus will do to the global 8 Mar 2020 NEW YORK/LONDON (Reuters) - Global stock markets plunged on Monday and oil prices tumbled by as much as a third after Saudi Arabia