How much is a barrel of oil worth
The price of a barrel of oil has dropped to $47.63 today (Monday, Oct. 31) on the news OPEC members aren't progressing toward an agreement on curbing oil production. On the other hand, if you have a million barrels of reserves in the ground (i.e., discovered and developed but yet to be produced) and it’s located in, say, South Louisiana, it’s worth considerably less, maybe $15 per barrel, or $15,000,000. How much does a barrel of oil cost? No, really. Is crude oil in the mid-$30s per barrel, or in the low-$40s? Both, it turns out. But it's not the similarities that are important, it's the differences. Notice, for example, that in June of 2009, oil was jumping between ~$67 and $73 / barrel. Domestically, this was a level that would be revisited throughout August and into September. That equates to an oil price of over $800 a barrel. (As a raw material for the chemical and plastics industries, we might come up with a value even higher than $800 a barrel). So, for example, if oil were trading at $80 a barrel today, and the USD/CAD exchange rate were 1/1.1, the "translated" value of a barrel of oil in Canadian dollars would be CA$88. All examined prices are over the last year (May 2009 through April 2010). How much does a barrel of oil cost? No, really. Is crude oil in the mid-$30s per barrel, or in the low-$40s? Both, it turns out.
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9 Mar 2020 The value of West Texas Intermediate oil (WTI), a common benchmark for the overall oil market, lost a quarter of its value, settling just above $30 29 Apr 2019 Surging crude prices are posing another headwind for the world bear the cost at the pump, potentially fanning inflation and hurting demand. 20 Aug 2019 Iran: US sanctions cost market 2.7 million barrels of oil per day. Data shows Iran exported roughly 100,000 barrels per day in July. 20 Aug 2019. 28 Mar 2019 Saudi Arabia, according to the total cost of one barrel of oil, is a global leader – the price of production including taxes, administrative and
Today a barrel of oil costs about $100. In that barrel of oil is 672 cups or 42 gallons of oil. Based on $100/bbl, one cup of oil costs $0.149 and one gallon of oil costs $2.38. Think about this: a tall Starbucks coffee, which has 1.5 cups of coffee in it costs (where I live) $1.94.
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How much does a barrel of oil cost? No, really. Is crude oil in the mid-$30s per barrel, or in the low-$40s? Both, it turns out.
Will an oil price war spark a global crisis? The oil price suffered its biggest fall since the 1991 Gulf War after Saudi Arabia and Russia decided to bump up 26 Sep 2016 Many people think of crude oil as a thick, black liquid that is used to source our unquenchable thirst for gasoline. However, the reality is that each 9 Mar 2020 The value of West Texas Intermediate oil (WTI), a common benchmark for the overall oil market, lost a quarter of its value, settling just above $30
29 Apr 2019 Surging crude prices are posing another headwind for the world bear the cost at the pump, potentially fanning inflation and hurting demand.
26 Sep 2016 Many people think of crude oil as a thick, black liquid that is used to source our unquenchable thirst for gasoline. However, the reality is that each 9 Mar 2020 The value of West Texas Intermediate oil (WTI), a common benchmark for the overall oil market, lost a quarter of its value, settling just above $30 29 Apr 2019 Surging crude prices are posing another headwind for the world bear the cost at the pump, potentially fanning inflation and hurting demand.
The current month is updated on an hourly basis with today's latest value. The current price of WTI crude oil as of March 17, 2020 is $27.03 per barrel. Historical Live interactive chart of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel. Crude oil prices & gas price charts. Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice. U.S. Crude Oil First Purchase Price (Dollars per Barrel). Year, Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec. Year, Jan, Feb, Mar, Apr, May, Jun, Jul 4 Mar 2020 In 2020, the preliminary average annual oil price per barrel was 65.09 U.S. dollars. The abbreviation OPEC stands for Organization of the Crude Oil Prices Charts. Latest News on Oil, Energy and Petroleum Prices. Articles, Analysis and Market Intelligence on the Oil, Gas, Petroleum and Energy Annual Average Domestic Crude Oil Prices (in $/Barrel). 1946-Present. Year, Nominal Price, Inflation Adjusted Price. 1946, $1.63, $21.20. 1947, $2.16, $24.92 .