What was the price of oil per barrel in 2016?
Average annual Brent crude oil price from 1976 to 2021 (in U.S. dollars per barrel)
|Characteristic||Average crude oil price in U.S. dollars per barrel|
What was the price of a barrel of oil in 2017?
WTI Crude Oil Prices – 10 Year Daily Chart
|Crude Oil Prices – Historical Annual Data|
|Year||Average Closing Price||Annual % Change|
What was the lowest price of oil in 2016?
In January 2016, the daily spot price of West Texas Intermediate (WTI) crude oil reached its lowest point in 13 years of US$26.68 per barrel.
What will the price of oil be in 2025?
Oil Price Forecast 2025 – 2050* The EIA predicted that, by 2025, Brent crude oil’s nominal price would rise to $79/b. By 2030, world demand may drive Brent prices to $98/b.
What was the average price of oil in 2016?
Crude oil prices ended the year above $50 per barrel (b). Although the annual average West Texas Intermediate (WTI) crude oil price in 2016 was $43/b—down $5/b from 2015—the WTI price ended 2016 at $53/b, $16/b higher than at the end of 2015.
How high can oil prices go in 2021?
The EIA forecast that Brent crude oil prices will average $71/b in the second half of 2021 and $66/b in 2022. Oil prices are recovering due to higher demand as more COVID-19 restrictions ease.
What was the price of oil in 2017?
Source: U.S. Energy Information Administration, based on Thomson Reuters. Crude oil prices ended 2017 at $60/barrel (b), the highest end-of-year price since 2013.
What was the increase in crude oil production in 2017?
U.S. crude oil production increased in 2017 by more than 384,000 barrels per day (b/d) to 9.2 million b/d, based on data through September and estimates from the December Short-Term Energy Outlook (STEO) for the remainder of 2017.
What was the price of oil in 2014?
Oil Price Forecas Date Oil Price 2014 $96.2 2015 $50.5 2016 $42.8 2017 $52.8
How much oil did OPEC produce in 2017?
EIA estimates OPEC crude oil production averaged 32.5 million b/d in 2017, a 0.2 million b/d decrease from the 2016 levels. OPEC and the non-OPEC countries that agreed to crude oil production cuts in 2017 also agreed to continue limiting output through the end of 2018.