9 Mar 2020 Oil prices were down more than 30% in overnight trading. Crude prices tumbled last week following the collapse of a deal between Russia of OPEC to reduce their production by an additional 1.5 million barrels per day. 1 day ago The dispute pushed the price of Brent crude to below $30 a barrel on Monday One day of respite for refugees on the Turkey-Greece border. 9 Mar 2020 The $17-a-barrel drop in crude prices over the past five days would a $30 oil price decline,” Scott Sheffield, chief executive of the Irving, Tex. 9 Mar 2020 Oil prices have dropped more than $20 a barrel in the last 30 days. Even going as low as $28 a barrel over the weekend; affecting oil 9 Mar 2020 Crude oil price could crash to below US$30 per barrel in best case scenario: by OPEC to cut production leading up to last Friday's OPEC+ meeting. This means the reduction of the 2.1 million barrel per day (mbpd) oil
This statistic illustrates the price of the crude oil grade Brent Crude for the period between January 2019 to January 2020, in average monthly values. Compare gas and crude oil prices over time for the US Average, Canada Average, and your hometown. View charts for the past month to 10 years.
Oil prices have been high, low, and everywhere in between over the years. Political, economic, and other changes have consistently rocked the oil landscape since 1948. Prices generally ranged between $2.50 and $3.00 a barrel until 1970. That's about $17 to $20 a barrel when adjusted for inflation.
However, because of the financial crisis and an abrupt loss of demand for oil globally, the price of Average Crude fell as much at 70% off highs in January of 2009. Average Crude Oil Spot Price is at a current level of 53.35, down from 61.63 last month and down from 61.13 one year ago.
9 Mar 2020 The $17-a-barrel drop in crude prices over the past five days would a $30 oil price decline,” Scott Sheffield, chief executive of the Irving, Tex. 9 Mar 2020 Oil prices have dropped more than $20 a barrel in the last 30 days. Even going as low as $28 a barrel over the weekend; affecting oil