How much did a barrel of oil cost in 1970?
Robert Bradley 
Annual Average Domestic Crude Oil Prices
| Annual Average Domestic Crude Oil Prices ($/Barrel) | ||
|---|---|---|
| 1946-Present | ||
| 1970 | $3.39 | $23.73 |
| 1971 | $3.60 | $24.16 |
| 1972 | $3.60 | $23.39 |
What was the price of crude oil in 1974?
| Year | Jan | May |
|---|---|---|
| 1974 | 6.95 | 6.87 |
| 1975 | 7.61 | 7.52 |
| 1976 | 8.63 | 7.89 |
| 1977 | 8.50 | 8.49 |
What is the lowest price of oil in history?
On 23 December 2008, WTI crude oil spot price fell to US$30.28 a barrel, the lowest since the financial crisis of 2007–2008 began.
What was the price of oil in the 1970s?
The decision to boycott America and punish the west in response to support for Israel in the Yom Kippur war against Egypt led the price of crude to rise from $3 per barrel to $12 by 1974. The price of petrol rocketed, making all transport more expensive. There was even talk in Britain of rationing using coupons left over from the second world war.
What was the price of oil in 1999?
Oil Prices by Year: Average, High, Low, and Events Year Average Low High Causes 1999 $17.27 $10.16 $24.35 Prices doubled 2000 $27.72 $24.29 $30.56 2001 $21.99 $15.95 $24.97 Recession and 9/11 2002 $23.71 $17.04 $27.14 Afghanistan War
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 1991?
Oil Prices by Year: Average, High, Low, and Events Year Average Low High Causes 1991 $18.73 $17.17 $22.30 SPR released oil 1992 $18.21 $16.00 $19.83 1993 $16.13 $12.56 $18.35 1994 $15.54 $12.90 $17.52 NAFTA allowed cheap oil from Mexico
