How much does crude oil cost per barrel?

As for the local crude Medanito and Escalante, the average prices per barrel of crude oil were U.S.$ 41.3 and U.S.$ 40.8, respectively for 2020, compared to an average price per barrel of crude oil of U.S.$ 53.0 and U.S.$ 54.9, respectively for 2019. As of March 31, 2021 Brent crude oil price was near U.S.$ 70/bbl.

What are the oil price charts?

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 today. Daily Classical Pivot Points.

What is the abbreviation for a barrel of crude oil?

The abbreviation indicates one barrel of crude oil, but you may see Gbbl (one billion barrels), as well as Mbbl (one million barrels) or Kbbl for one thousand barrels. For example, you can see that Brent crude oil spot prices are quoted by the barrel (bbl), as are West Texas Intermediate (WTI) oil prices on global futures exchanges like NYMEX.