Oil: Spot crude prices |
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Dubai |
Brent |
Nigerian |
West Texas |
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Forcados |
Intermdiate |
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US dollars per barrel |
$/bbl * |
$/bbl † |
$/bbl |
$/bbl ‡ |
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1972 |
1.90 |
- |
- |
- |
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1973 |
2.83 |
- |
- |
- |
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1974 |
10.41 |
- |
- |
- |
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1975 |
10.70 |
- |
- |
- |
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1976 |
11.63 |
12.80 |
12.87 |
12.23 |
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1977 |
12.38 |
13.92 |
14.21 |
14.22 |
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1978 |
13.03 |
14.02 |
13.65 |
14.55 |
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1979 |
29.75 |
31.61 |
29.25 |
25.08 |
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1980 |
35.69 |
36.83 |
36.98 |
37.96 |
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1981 |
34.32 |
35.93 |
36.18 |
36.08 |
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1982 |
31.80 |
32.97 |
33.29 |
33.65 |
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1983 |
28.78 |
29.55 |
29.54 |
30.30 |
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1984 |
28.06 |
28.78 |
28.14 |
29.39 |
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1985 |
27.53 |
27.56 |
27.75 |
27.98 |
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1986 |
13.10 |
14.43 |
14.46 |
15.10 |
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1987 |
16.95 |
18.44 |
18.39 |
19.18 |
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1988 |
13.27 |
14.92 |
15.00 |
15.97 |
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1989 |
15.62 |
18.23 |
18.30 |
19.68 |
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1990 |
20.45 |
23.73 |
23.85 |
24.50 |
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1991 |
16.63 |
20.00 |
20.11 |
21.54 |
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1992 |
17.17 |
19.32 |
19.61 |
20.57 |
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1993 |
14.93 |
16.97 |
17.41 |
18.45 |
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1994 |
14.74 |
15.82 |
16.25 |
17.21 |
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1995 |
16.10 |
17.02 |
17.26 |
18.42 |
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1996 |
18.52 |
20.67 |
21.16 |
22.16 |
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1997 |
18.23 |
19.09 |
19.33 |
20.61 |
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1998 |
12.21 |
12.72 |
12.62 |
14.39 |
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1999 |
17.25 |
17.97 |
18.00 |
19.31 |
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2000 |
26.20 |
28.50 |
28.42 |
30.37 |
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2001 |
22.81 |
24.44 |
24.23 |
25.93 |
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2002 |
23.74 |
25.02 |
25.04 |
26.16 |
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2003 |
26.78 |
28.83 |
28.66 |
31.07 |
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2004 |
33.64 |
38.27 |
38.13 |
41.49 |
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2005 |
49.35 |
54.52 |
55.69 |
56.59 |
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2006 |
61.50 |
65.14 |
67.07 |
66.02 |
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2007 |
68.19 |
72.39 |
74.48 |
72.20 |
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2008 |
94.34 |
97.26 |
101.43 |
100.06 |
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Source: Platts. |
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* 1972 - 1985 Arabian Light, 1986 - 2008
Dubai dated. |
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† 1976 -1983 Forties, 1984 -2008 Brent dated. |
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‡
1976 -1983 Posted WTI prices, 1984 -2008 Spot WTI (Cushing) prices. |
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