President Hugo Chávez reported that the basket traded on Tuesday, December 23 at USD 27.10 / barrel, that is USD 5.04, or 15.6 percent, lower than the average of USD 32.14 recorded last Friday. "It is a resounding drop," conceded the head of state. http://english.eluniversal.com/2008/12/24/en_ing_esp_venezuelan-oil-close_24A2176015.shtml
UK Oil cost £112.56/Barrel US Oil cost $102.12/Barrel Save
The future cost of a barrel of oil is calculated by examining projections of how much oil is available as compared to how much oil is being used or is in demand. Prices spike when the demand for oil exceeds its availability, from all sources.
$100 and bananas
When I was a teenager in the mid 50's I remember gasoline was .25 - 30 cents a gallon so probably a barrel of oil was in the $10 range.
$128.08 per barrel in July 2008.
The cost of one oil barrel can vary significantly depending on the market demand and supply, geopolitical factors, and other economic conditions. As of 2021, the price of a barrel of oil can range from around $50 to $70 per barrel.
The cost of a barrel of oil in 1991 was about $20.20. Adjusted for inflation, in 2010, the same barrel would cost about $32.14.
Oil is important to Venezuela, because it is most of Venezuela's economy.
what was the cost of a barrel of oil in 1965
I have no idea T_T
£52.2819 per barrel
one barrel of crude oil costs arount 1600 rs..