What was the crude oil price in 2013?
What was the crude oil price in 2013?
Crude Oil (petroleum) Monthly Price – US Dollars per Barrel
| Month | Price | Change |
|---|---|---|
| Oct 2012 | 103.41 | -2.70 % |
| Nov 2012 | 101.17 | -2.17 % |
| Dec 2012 | 101.19 | 0.02 % |
| Jan 2013 | 105.10 | 3.86 % |
Why were oil prices so high in 2011?
Demand. Demand growth in emerging markets, notably China and the Middle East, drove crude oil prices higher in 2011 as well. Even with declining OECD country demand in 2011, overall global demand rose by 1.2% (1.1 million bbl/d).
What was the price of oil in 2010?
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 |
|---|---|
| 2012 | 111.63 |
| 2011 | 111.26 |
| 2010 | 79.47 |
| 2009 | 61.51 |
What was the petrol price in 2014?
₹ 71.41
But do remember, in May 2014 the price of petrol was ₹ 71.41, diesel was ₹ 55.49 per litre and crude Oil was USD 105.71 per Barrel.
What was the petrol price in 2010?
Decontrolled petrol prices saw 26 revisions since 2010
| Month | Delhi | Mumbai |
|---|---|---|
| October 17, 2010 | 52.59 | 57.01 |
| September 21, 2010 | 51.83 | 56.25 |
| September 08, 2010 | 51.56 | 55.97 |
| June 26, 2010 | 51.43 | 55.88 |
Why was oil so high in 2013?
Increased worldwide demand was one reason. Brent Crude remained high at $118.38 partly due to supply problems in Europe, including lower North Sea production and the continuing war in Libya.
What was the average price of crude oil in 2012?
Brent crude oil averaged $111.67 per barrel, slightly above the 2011 average of $111.26. West Texas Intermediate oil averaged $94.05 per barrel in 2012, down slightly from $94.88 in 2011. The differential between Brent and WTI spot prices historically was just a few dollars per barrel in either direction.
Why did crude oil prices fall in Q2?
Crude oil prices fell during the second quarter due, in part, to concerns about lower oil demand with a slowdown of the global economy. By the end of June, oil prices were down almost 30% from their peak to just under $78 per barrel for WTI and $91 per barrel for Brent.
What caused the oil price crash of 2012?
Rising oil production. U.S. oil production topped 6 million barrels per day in early 2012, the highest level since 1998, and contributed to building U.S. crude oil inventories that put downward pressure on oil prices.
What is the current price of WTI crude oil?
Crude Oil Prices – 70 Year Historical Chart The current price of WTI crude oil as of December 29, 2020 is $48.00 per barrel.
