| Year | Jan | May |
|---|---|---|
| 1977 | 8.50 | 8.49 |
| 1978 | 8.71 | 8.81 |
| 1979 | 9.46 | 10.71 |
| 1980 | 17.86 | 21.05 |
What was the highest oil price ever?
The highest recorded price per barrel maximum of $147.02 was reached on July 11, 2008.
How much was oil a barrel in 1973?
Annual Average Domestic Crude Oil Prices
| Annual Average Domestic Crude Oil Prices ($/Barrel) | ||
|---|---|---|
| 1946-Present | ||
| 1972 | $3.60 | $23.39 |
| 1973 | $4.75 | $28.83 |
| 1974 | $9.35 | $51.44 |
What was the price of oil in 1976?
Historical Crude Oil prices, 1861 to Present
| 1861 | 0.49 | 12.65 |
|---|---|---|
| 1974 | 11.58 | 54.74 |
| 1975 | 11.53 | 49.93 |
| 1976 | 12.80 | 52.39 |
| 1977 | 13.92 | 53.47 |
What was the price of oil in 2021?
In the July STEO, we forecast the Brent crude oil price will average $73/b in the third quarter of 2021 (3Q21) and will fall to average $71/b in the fourth quarter of 2021 (4Q21).
What is the price of a barrel of oil in 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 was the lowest price of oil in 2020?
On April 20th, 2020, the price of West Texas Intermediate crude oil slumped into negative for the first time in history, falling to negative 37.63 U.S. dollars per barrel.
What was the price of oil in 2020?
In 2020, the annual average price was 41.96 U.S. dollars per barrel.
What was the price of crude oil in 1979?
Annual Average Domestic Crude Oil Prices 1979 $25.10 $90.11 1980 $37.42 $119.59 1981 $35.75 $103.56 1982 $31.83 $86.82
What was the price of crude oil in 1997?
Annual Average Domestic Crude Oil Prices 1995 $16.75 $28.91 1996 $20.46 $34.29 1997 $18.64 $30.55 1998 $11.91 $19.22
What was the price of crude oil in 2020?
Crude Oil Prices – Historical Annual Data Year Average Closing Price Year Open Year High Year Low Year Close Annual % Change 2020 $39.33 $61.17 $63.27 $11.26 $47.86-21.73% 2019 $56.99 $46.31 $66.24 $46.31 $61.14
What was the price of oil in 1973?
Oil Prices by Year: Average, High, Low, and Events Year Average Low High Causes 1973 $4.08 N.A. N.A. 1974 $12.52 $9.59 $13.06 OPEC oil embargo ended 1975 $13.95 $12.77 $15.04 Stagflation 1976 $13.48 $13.26 $13.71 Economy recovered
