How much does oil cost per barrel?

According to one unnamed source who spoke to Reuters, the most likely range would be between $63 and $64 per barrel—the historical average price for crude. However, the report also included a warning from the World Bank that for the cap to be effective, developing economies need to be on board.

What is the highest price oil has ever been?

The highest ever historical WTI crude oil price was at $141.63 per barrel. Compared to today’s spot price that’s the same. 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.

What is the current price of oil?

Today, the price of Brent crude oil is at $85.72 per barrel, and the price of WTI crude oil is at $80.55 per barrel. See the historical price charts and analysis below.