How much did a barrel of oil cost in 2016?
43.67
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 |
|---|---|
| 2016 | 43.67 |
| 2015 | 52.32 |
| 2014 | 98.97 |
| 2013 | 108.56 |
What was the price of a barrel of crude oil in 2017?
Crude oil prices ended 2017 at $60/barrel (b), the highest end-of-year price since 2013. West Texas Intermediate (WTI) crude oil prices averaged $51/b in 2017, up $7/b from the 2016 average, and ended the year $6/b higher than at the end of 2016.
How much is a barrel of oil price?
The current price of WTI crude oil as of June 30, 2022 is 109.78 per barrel.
How much is a barrel of oil 2015?
Crude oil prices started 2015 relatively low, ended the year lower. Crude oil prices ended 2015 below $40 per barrel (b), the lowest level since early 2009. Spot prices for the international crude oil benchmark Brent averaged $52/b in 2015, 53% below the level in 2014 and 49% below the average price over 2010-14.
What were oil prices in 2019?
Crude oil prices were generally lower in 2019 than in 2018 The price of Brent crude oil, the international benchmark, averaged $64 per barrel (b) in 2019, $7/b lower than its 2018 average. The price of West Texas Intermediate (WTI) crude oil, the U.S. benchmark, averaged $57/b in 2019, $7/b lower than in 2018.
What was the price of crude oil in 2018?
$65.23
WTI Crude Oil Prices – 10 Year Daily Chart
| Crude Oil Prices – Historical Annual Data | ||
|---|---|---|
| Year | Average Closing Price | Annual % Change |
| 2018 | $65.23 | -25.32% |
| 2017 | $50.80 | 12.48% |
| 2016 | $43.29 | 44.76% |
How much is a barrel of oil 2014?
If the WTI price of petroleum declined from an average price of $105.79 a barrel in June 2014 to $47.22 a barrel in January 2015, then the WTI price in euros went from an average price of €77.82 in June 2014 to €41.44 in June 2015.
How much did a barrel of oil cost in 2021?
70.68 U.S. dollars per barrel
In 2021, the annual average price was 70.68 U.S. dollars per barrel.
How much was a barrel of oil in 1975?
Annual Average Domestic Crude Oil Prices
| Annual Average Domestic Crude Oil Prices (in $/Barrel) | ||
|---|---|---|
| 1946-Present | ||
| 1974 | $9.35 | $55.34 |
| 1975 | $12.21 | $66.28 |
| 1976 | $13.10 | $67.30 |
What was the price of oil per barrel in 2022?
The foreign brokerage sees Brent at $99 per barrel in the third quarter of calendar 2022 and at $85 a barrel in the fourth quarter. Overall it sees Brent price to average at $98 a barrel in 2022 and $75 in 2023. In the case of WTI crude, Citi forecasts it to average at $95 per barrel in 2022 and $72 per barrel in 2023.