Global crude oil prices, measured in US dollars per cubic meter. This data is not adjusted for inflation.
Why are historical oil prices so volatile?
In this Markets in a Minute from New York Life Investments, we look at historical oil prices since 1968. Before diving into the data, it’s worth explaining why historical oil prices have seen so much volatility. This mainly stems from the fact that the supply and demand of oil tends to have a low responsiveness to price changes in the short term.
How much has crude oil increased since the beginning of 2024?
Trading Economics does not verify any data and disclaims any obligation to do so. . Crude Oil increased 5.53 USD/BBL or 7.72% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on June of 2024.
