What is the price of oil called?
Price of oil. The price of oil, or the oil price, generally refers to the spot price of a barrel of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent ICE, Dubai Crude, OPEC Reference Basket, Tapis Crude, Bonny Light, Urals oil, Isthmus and Western Canadian Select (WCS).
What do the oil price charts tell us?
Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude and Brent Crude patterns. Get information on key pivot points, support and resistance and crude oil news.
What will crude oil price be at the end of this quarter?
Crude oil is expected to trade at 52.61 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 48.21 in 12 months time. Trading Economics members can view, download and compare data from nearly 200 countries,...
What is the oil price forecast for December 2019?
Oil Price forecast for December 2019. In the beginning price at 61.91 Dollars. High price 64.38, low 61.91. The average for the month 62.91. The Oil Price forecast at the end of the month 63.43, change for December 2.5%.
What will crude oil prices be worth in 2023?
ANZ Research forecasts Brent to trade at an average of $86.20 per barrel in 2023, slightly down from its $86.80 per barrel forecast for 2022. It predicts WTI to rise to $85.10 in 2023, compared to a forecast of $83.90 per barrel this year.
What is the average price of crude oil in dollars?
In the beginning price at 92.67 Dollars. High price 95.22, low 92.40. The average for the month 93.53. The Oil Price forecast at the end of the month 93.81, change for April 1.2%.
What is the forecast for crude oil Brent Price?
Detailed forecast table. Crude oil Brent price forecast for next months and years. The price is in US Dollar per 1 oil barrell. OIL PRICE FORECAST FOR 2021, 2022, 2023 AND 2024 - Long Forecast OIL PRICE FORECAST FOR 2021, 2022, 2023 AND 2024 2021/12/15. Oil Price Today. Actual European Brent Oil Price equal to 74.43Dollars per 1 barrell.
How much does a barrel of oil cost?
Conversion Oil (Brent) Price Price; 1 Barrel ≈ 0,136 Tonnes of Crude Oil Oil (Brent) Price Per 1 Ton 331.25 USD 1 Barrel ≈ 158,98 Liters