Daily Brent crude oil spot prices averaged $43 per barrel (b) in July, up $3/b from the average in June and up $25/b from the multiyear low monthly average price in April. EIA forecasts the Brent-WTI spread will remain at $6/b until the second quarter of 2018, when increased transportation capacity between inland crude oil production and the ⦠One of the most notable times for the Average Crude Oil Spot Price was in 2008. 0 20 40 60 80 100 120 140 160 Sources: NYMEX (WTI crude oil) and AAA (gasoline and diesel) EIA price forecast a West Texas Intermediate b Average regular pump price c On-highway retail d Residential average ⦠Monthly prices are calculated by EIA (U.S. Energy Information Administration) from daily data by taking an unweighted average of the daily closing spot prices for a given ⦠Crude Oil Prices⦠Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma (MCOILWTICO) Download Nov 2020: 40.94 | Dollars per Barrel | Monthly | Updated: Dec 2, 2020 Factors Affecting Oil And Product Prices - TRALA Factors Affecting Oil and Product Prices Rayola Dougher API Senior Economic Advisor . FRED ® Economic Data; My Account; Information Services; Publications; Working Papers; Economists; About; St. Louis Fed Home; Categories > Prices > Commodities. EIA expects 2020 summer U.S. electricity demand to be lowest since 2009 ... Electric Sales, Revenue, and Average Price Released October 01, 2019 | tags: annual commercial consumption/demand costs electricity financial markets + industrial most popular prices residential revenue sales states transportation. WTI Nymex Prices 2020: Date: Name CM = 1st to 31st of month OM = 26th to 25th of month : Price: Compliments of GASearch Energy Intelligence (214) 502-2436. EIA increases 2021 oil price forecasts on restrained OPEC+ production. Brent is now forecast to average $43.30/b this year and $55.36/b next year, down $17.95/b and $12.17/b, respectively, from last month's report. Price ⦠This statistic displays the average monthly price of West Texas Intermediate (WTI) crude oil up to August 2019. Prices for the Average ⦠As petroleum demand fell and U.S. crude oil inventories increased, West Texas Intermediate (WTI) crude oil traded at negative prices on April 20, the first time the price for the WTI futures contract fell to less than zero since trading began in 1983. Monthly crude oil price average for Brent 2019-2020 West Texas Intermediate annual average oil price 1976-2020 West Texas Intermediate (WTI) crude oil price monthly 2019-2020 Crude Oil Prices - Historical Annual Data; Year Average Closing Price ⦠Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946. It also shows the WTI crude price futures in the past months. WTI Nymex Prices November, 2020: Nov 2020: WTI NYMEX CM: $41.347: Nov 2020: WTI NYMEX OM: $40.142: WTI Nymex Prices October, 2020: Oct 2020: WTI NYMEX CM: $39.555: Oct 2020: WTI NYMEX OM : $40.184: WTI Nymex Prices ⦠WTI Crude Monthly Average Price Trend WTI Crude Monthly Average Price Trend Chart WTI Crude Yearly Average Price Trend ... As per EIA, West Texas Intermediate (WTI - Cushing) is a crude stream produced in Texas and southern Oklahoma which serves as a reference or "marker" for pricing a number of other crude streams and ⦠Graph and download economic data for Spot Crude Oil Price: West Texas Intermediate (WTI) (WTISPLC) from Jan 1946 to Nov 2020 about WTI, crude, oil, price, and USA. Brent crude oil prices will average $41.42 per barrel in 2020 and $49.53 per barrel in 2021 according to the most recent forecast from the US Energy Information Administration's (EIA) monthly Short-Term Energy Outlook. Dollars per Barrel, Monthly, Not Seasonally Adjusted Jan 1946 to Nov 2020 (2 days ago) Global price of WTI Crude U.S. Skip to main content. View the daily price of the crude stream traded at Cushing, Oklahoma, which is used as a benchmark in oil pricing. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. WTI breaks higher amid favorable technical set up on hourly chart. Name Price ⦠EIA expects that the Brent crude oil price will increase from its 2020 average of $41/b to $47/b in 2021. The next day, Brent crude oil, another global crude oil price benchmark, fell to $9.12 per barrel (b), its lowest daily price ⦠EIA expects annual average US crude oil production to fall in 2020 and 2021 as forecast West Texas Intermediate (WTI) spot prices remain less than $50/b through 2021. Capital Cost Estimates for Utility Scale Electricity ⦠The current month is updated on an hourly basis with today's ⦠For example, EIAâs forecast for the average WTI price ⦠WTI Price Analysis: Eyes $40 mark amid bullish crossover, ahead of EIA NEWS | Sep 16, 09:49 GMT | By Dhwani Mehta. EIA expects monthly Brent spot prices will average $43/b during the second half of 2020 and rise to an average of $50/b in 2021. This dataset consists of Europe Brent and WTI (Western Texas Intermediate) monthly spot prices from EIA U.S. (Energy Information Administration). WTI spot prices are expected to average $38.96 per barrel in 2020 and $45.78 per barrel in 2021. Interactive chart showing the daily closing price for West Texas Intermediate (NYMEX) Crude Oil over the last 10 years. EIA expects West Texas Intermediate (WTI) prices will average ⦠Daily and monthly average prices could vary significantly from this forecast because global economic ⦠Average to Match Brent The Energy Information Administrationâs (EIA) latest âShort-Term Energy Outlookâ forecasts that North Sea Brent crude oil prices will average $34/bbl in 2016 and $40/bbl in 2017, $3/bbl and $10/bbl lower, respectively, than expected in the previous forecast. EIA now forecasts Brent crude oil spot prices to average $51 per barrel (b) in 2017 and $52/b in 2018. EIA expects that crude oil prices will remain elevated in the first few months of 2020, reflecting a price premium on crude oil from recent geopolitical events. Close: $47.62 Open: $47.38 Day's Range: $47.24 - $47.81. The current price of WTI crude oil as of December 31, 2020 is $48.52 per barrel. WTI Crude Oil Prices - 10 Year Daily Chart. Oil (WTI) Price Per 1 Gallon 1.13 USD 1 Barrel â 158,98 Liters Oil (WTI) Price Per 1 Liter 0.30 USD 1 Barrel = 336 Pint Oil (WTI) Price Per 1 Pint 0.14 USD Energy. Dollars per Barrel, Not Seasonally Adjusted EIA now forecasts WTI spot prices to average $38.19/b in 2020 and $50.36/b in 2021, down $17.52/b and $11.67/b, respectively, from last month's forecast. Prices. Daily and monthly average prices could vary significantly from this forecast because global economic developments and geopolitical events in the coming months have the potential to push oil prices higher or lower than the current Short-Term Energy Outlook (STEO) price forecast. âMany other factors may influence the Brent-WTI spread, although those factors are likely to fluctuate and average out over the course of many months. WTI Crude Oil Price $47.74 +0.12 (+0.25%) Prev. This is a decrease from an average of $64.37 per barrel in 2019 and reflects a forward ⦠Crude Oil Prices - 70 Year Historical Chart. WTI Oil Price Per Barrel. The Average Crude Oil Spot Price calculates an equally weighted price of the WTI Crude Oil Price, Brent Crude Oil Price, and Dubai Crude Oil Price. EIA forecasts that the WTI price will average $43/b in the first half of 2021, up from our forecast of $40/b during the second half of 2020. Earlier, the EIA estimated the Brent crude oil monthly average at $48 per barrel for the next year. The prices shown are in U.S. dollars. Report Types: Analysis, Forecast. West Texas Intermediate (WTI) crude oil prices are expected to be $2/b lower than Brent prices in 2017 and 2018. Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma. This metric gives a nice overview of the broad crude oil market, rather than looking at one type of crude oil price alone. Usually, WTI crude oil prices trade at a discount to Brent oil prices. 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