Learn more... The real-time price of Brent crude oil is at $82.73 per barrel, and the price of WTI crude oil is at $78.69 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in the US or when referring to US crude oil.
How much does WTI crude oil cost?
The highest ever historical WTI crude oil price was at $141.63 per barrel. Compared to today’s spot price that’s down 44%. Other significant recent historical highs include $77.74 per barrel in Jul, 2006 and $109.50 per barrel in Aug, 2013. Marko has been working on the road for over 5 years, and is currently based in Europe.
How much is crude oil worth today?
So back in 2008, when we hit that $4.06 peak in gasoline, crude oil was actually at $140 a barrel in those dollars. And so today's dollars, it's about $183. So again, if we persist at $120, that's expensive, but not nearly toward a peak from a historic perspective.
