From 1958 to 1970, prices were stable near $3.00 per barrel.From 1974 to 1978, the world crude oil price was relatively flat ranging from $12.52 per barrel to $14.57 per barrel.
Fifty percent of the time prices U.S. and world prices were below the median oil price of $24.58 per barrel. If long-term history is a guide, those in the upstream segment of the crude oil industry should structure their business to be able to operate with a profit, below $24.58 per barrel half of the time. In the post World War II era, U.S. oil prices at the wellhead averaged $28.52 per barrel adjusted for inflation to 2010 dollars. In the absence of price controls, the U.S. price would have tracked the world price averaging near $30.54. The price of oil, or the oil price, generally refers to the spot price of a barrel of benchmark crude oil. The price of a barrel of oil is highly dependent on both its grade, determined by factors such as its specific gravity or API and its sulphur content, and its location. Crude Oil Price History Chart. Interactive graph of historical monthly WTI crude oil prices per barrel back to 1948. Data is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. Data Sources: Energy Information Administration, BLS. Crude Oil vs the S&P 500. This interactive chart compares the price of crude oil versus the level of the S&P 500. In 2008, it was the S&P that refused to confirm the final spike in commodity prices whereas in 2015, oil is the asset class that is indicating that global deflationary forces are setting in. Over the same post war period, the median for the domestic and the adjusted world price of crude oil was $20.53 in 2010 prices. Adjusted for inflation, from 1947 to 2010 oil prices only exceeded $20.53 per barrel 50 percent of the time. In the post World War II era, U.S. oil prices at the wellhead averaged $28.52 per barrel adjusted for inflation to 2010 dollars. In the absence of price controls, the U.S. price would have tracked the world price averaging near $30.54. 0.827) per barrel (159 liters) of either WTI / light crude as traded on the New York Mercantile Exchange (NYMEX) for delivery at Cushing, Oklahoma. Cushing, Oklahoma, a major oil supply hub connecting oil suppliers to the Gulf Coast, has become the most significant trading hub for crude oil in North America. The price of a barrel of oil is highly dependent on both its grade, determined by factors such as its specific gravity or API and its sulphur content, and its location. Tweet. This chart shows the historical Crude Oil prices in US dollars per barrel - 1861 onwards. Note: 1861-1944 US Average. 1945-1983 Arabian Light posted at Ras Tanura. 1984-2009 Brent dated Updated: last year (2009). This chart shows the historical Crude Oil prices in US dollars per barrel - 1861 onwards. Note 1  : 1861-1944 US Average. 2  1945-1983 Arabian Light posted at Ras Tanura. 3  1984-2009 Brent dated From 1974 to 1978, the world crude oil price was relatively flat ranging from $12.52 per barrel to $14.57 per barrel. When adjusted for inflation world oil prices were in a period of moderate decline. during that period OPEC capacity and production was relatively flat near 30 million barrels per day. In the post World War II era, U.S. oil prices at the wellhead averaged $28.52 per barrel adjusted for inflation to 2010 dollars. In the absence of price controls, the U.S. price would have tracked the world price averaging near $30.54. After retreating for several months in late 2004 and early 2005, crude oil prices rose to new highs in March 2005. The price on NYMEX has been above $ 50 per barrel since March 5, 2005. In June 2005, crude oil prices broke the psychological barrier of $60 per barrel. From the mid-1980s to September 2003, the inflation adjusted price of a barrel of crude oil on NYMEX was generally under $25/barrel. From 1958 to 1970, prices were stable near $3.00 per barrel, but in real terms the price of crude oil declined from $19 to $14 per barrel. Not only was price of crude lower when adjusted for inflation, but in 1971 and 1972 the international producer suffered the additional effect of a weaker US dollar. In the post World War II era, U.S. oil prices at the wellhead averaged $28.52 per barrel adjusted for inflation to 2010 dollars. In the absence of price controls, the U.S. price would have tracked the world price averaging near $30.54.
http://www.wtrg.com/prices.htm https://en.wikipedia.org/wiki/Price_of_oil http://www.macrotrends.net/1369/crude-oil-price-history-chart http://www.wtrg.com/prices.htm https://en.wikipedia.org/wiki/Price_of_oil http://chartsbin.com/view/oau http://www.wtrg.com/prices.htm https://en.wikipedia.org/wiki/World_oil_market_chronology_from_2003 http://www.wtrg.com/prices.htm
oil price per barrel history