How much is oil per barrel today?

Crude Oil & Natural Gas

Index Units Price
CL1:COM WTI Crude Oil (Nymex) USD/bbl. 68.86
CO1:COM Brent Crude (ICE) USD/bbl. 72.21
CP1:COM Crude Oil (Tokyo) JPY/kl 46,350.00
NG1:COM Natural Gas (Nymex) USD/MMBtu 4.76

How much does a barrel of oil cost 2021?

(13 May 2021) Brent crude oil prices will average $62.26 per barrel in 2021 and $60.74 per barrel in 2022 according to the forecast in the most recent Short-Term Energy Outlook from the US Energy Information Administration (EIA).

What is the highest price of oil in history?

The absolute peak occurred in June 2008 with the highest inflation-adjusted monthly average crude oil price of $156.85 / barrel.

Will oil ever be 100 again?

Oil prices to hit $100 per barrel, expert warns Brent crude oil could top $100 a barrel next year as the world emerges from the COVID-19 pandemic, according to Bank of America. Global demand will outpace supply in 2022 as effective COVID-19 vaccines and OPEC+ supply curbs keep supply and demand out of whack.

What was the average oil price in 2020?

In 2020, the annual average price was 41.96 U.S. dollars per barrel.

Why is the oil price dropping?

The substantial decrease in the price of oil was caused by two main factors: the 2020 Russia–Saudi Arabia oil price war and the COVID-19 pandemic, which lowered demand for oil because of lockdowns around the world.

Will oil stocks go up in 2021?

Oil and gas stocks have led the market higher so far in 2021, a surprise after struggling for years to generate market-beating returns. Rising oil and natural gas prices have driven energy stocks higher and an improving economy could help demand and prices throughout the year.

What is the lowest oil price ever?

On 23 December 2008, WTI crude oil spot price fell to US$30.28 a barrel, the lowest since the financial crisis of 2007–2008 began.

What was the price of oil one year ago today?


Value from 1 Year Ago 43.44
Change from 1 Year Ago 58.52%
Frequency Monthly
Unit USD per Barrel
Adjustment N/A

Is it smart to buy oil stocks now?

Yes, it is time to buy oil That’s a fact that can’t be ignored, and one of the main reasons why the world is looking to limit its future use. In October 2020, the International Energy Agency (IEA) stated that growth in oil demand is likely to end by 2030 and then flatline.

How much does one barrel of oil cost?

Price. 1 Barrel ≈ 0,136 Tonnes of Crude Oil. Oil (Brent) Price Per 1 Ton. 311.40 USD. 1 Barrel = 42 Gallons. Oil (Brent) Price Per 1 Gallon. 1.01 USD.

What’s the price of oil for the week?

Oil Price Forecast By Day Date Weekday Low High Price 07/05 Monday 75.34 77.64 76.49 07/06 Tuesday 75.36 77.66 76.51 07/07 Wednesday 76.05 78.37 77.21 07/08 Thursday 74.79 77.07 75.93

Why did the price of oil drop on Thursday?

Oil prices dropped early on Thursday as the market assesses the prospect of higher crude supply from the OPEC+ group after a reported compromise between key OPEC members Saudi Arabia…

How much does one ton of Brent oil cost?

Oil (Brent) Price Per 1 Ton 316.84 USD. 1 Barrel ≈ 158,98 Liters. Oil (Brent) Price Per 1 Liter 0.27 USD.