USD/bbl, data updated daily. Show
Daily figure is based on last five (5) days rolling average. Datasource Thomson Reuters* * There might occur differences between data in company's official reporting and this service. Commodity PricesThe following graphs present commodity future prices over the periods of the last week, last three months and last year. All changes are measured in US Dollars and reflect daily closing prices for the forward month futures. Current PriceLight Crude OilBrent Crude OilNatural GasFutures Disclaimer: Copyright © 2022. All market data is provided by Barchart Solutions. Futures: at least 10 minute delayed. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer. Custom Commodity Prices SearchCommodity NewsOil Falls Again on Slowdown Concerns  Tuesday, October 11, 2022Oil slumped as fears of a global economic slowdown overshadow the threat of tighter crude supplies from OPEC and its partners. of clients are net long. of clients are net short. Note: Low and High figures are for the trading day. Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude and Brent Crude patterns. Get information on key pivot points, support and resistance and crude oil news. Oil - US Crude further readingWhy did this happen?Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review our Terms of Service and Cookie Policy. Need Help?For inquiries related to this message please contact our support team and provide the reference ID below. Block reference ID: The battle for Libyan oil By Steve Austin, 2019/06/10Almost a decade since Gaddafi's exit, Libya is still struggling for foothold. If not for oil, would it have been any different. We take a deep look. Full Article » Waking into our new volatile age of oil prices By Tom Therramus, 2019/02/18Therramus's forecasts early last year at Oil-Price.net that oil markets were set for chaos in June, followed by turmoil in stocks in December, proved remarkably accurate. Full Article » 4 oil price predictions for 2019 By Steve Austin, 2019/01/072018 is gone and we are busy charting how the oil prices will look in 2019. Will the Saudi dominance continue or will Russia dethrone the Kingdom? What about the US trade war with China? All these and more Full Article » Saudi Arabia steps backwards despite high oil prices By Steve Austin, 2018/11/01A year ago, Saudi Arabia wanted to diversify its economy steering away from oil. Has it succeeded in the much-hyped plan? We take a detailed look. Full Article » WTI crude futures fell below $89 per barrel on Wednesday, declining for the third straight session, pressured by mounting risks of a global recession that would significantly weaken energy demand. The IMF downgraded its 2023 growth forecast for the global economy due to high inflation, tighter financial conditions, Russia’s invasion of Ukraine and the lingering Covid-19 pandemic, saying “more than a third of the global economy will contract this year or next,” and that “2023 will feel like a recession” to many people. The US Federal Reserve’s aggressive tightening campaign to quell surging inflation, a strong dollar and China’s Covid-related woes also weighed on the global outlook and energy markets. Meanwhile, investors will gain fresh insights on oil markets this week, with OPEC, the International Energy Agency and the US Energy Information Administration all set to release their monthly outlooks.Historically, Crude oil reached an all time high of 147.27 in July of 2008. Crude oil - data, forecasts, historical chart - was last updated on October of 2022.Crude oil is expected to trade at 96.99 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 109.29 in 12 months time.Crude oil The West Texas Intermediate (WTI) benchmark for US crude is the world's most actively traded commodity. Crude Oil prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
What is the price of oil in the US?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 September 06, 2019 is $56.52 per barrel.
What do the oil price charts tell us?Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude and Brent Crude patterns. Get information on key pivot points, support and resistance and crude oil news.
What drives the price of oil?As with all commodities, oil prices are driven by supply and demand. However, the global pool of oil and the ease with which oil moves around the world levels some of these price pressures. The global oil monopoly somewhat limits the influence of any one particular oil producer to completely dominate the world market.
How much is a barrel of crude oil per ton?Oil (WTI) Price Price; 1 Barrel ≈ 0,136 Tonnes of Crude Oil Oil (WTI) Price Per 1 Ton 389.85 USD 1 Barrel = 42 Gallons
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