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Time has shown that this can not be predicted with much accuracy. The closest that you can really come to knowing this is to look at the oil futures market. That is, what you can pay today to purchase the rights to buy a barrel of oil in the future. There are allso many different types of oil that trade at many different prices. If we use the benchmark standard of Light, Sweet Crude Oil as of 3:01pm on 11/9/2009 the future prices per barrel are as follows:
Todays price is: 79.21
January 2010: 79.82
Feb 2010: 80.48
March 2010: 81.07
April 2010: 81.89
May 2010: 82.44
June 2010: 82.93
July 2010: 82.96
Aug 2010: 83.59
Sept 2010: 83.92
Oct 2010: 84.37
Nov 2010: 84.72
Dec 2010: 84.80
Jan 2011: 85.19
Feb 2011: 83.51
Dec 2012: 88.70
Dec 2013: 90.22
Dec 2014: 91.96
What else can I help you with?
Is heating oil expected to decrease in price?
The price of heating oil is expected to decrease.
What is the current price of oil?
$1.50$3.00$5.00
What is the Average price of crude oil the last 5 years?
From 2005-2010, the average price for a barrel of crude oil is: about $67.00.
What was the price of oil per barrel in 1968?
About $19.25 per barrel (equal to about $29.73 per barrel in 2010).
What are the futures of heating oil?
The futures of heating oil is heavily dependant on the winter months of December, January, and February. There will be a quick rise in the price of heating oil if the weather becomes colder than expected and demand for fuel is higher than expected.
What was the price of a barrell of oil in 1988?
Inflation-adjusted for 2010, about $27.30In 1988, about $14.90
What was the price for a barrel of oil in 1974?
The average price of a barrel of crude oil in 1972 was $3.39
What was the price of AAPL stock at the end of the 2010 calendar year?
At the end of the 2010 calendar year, the prices of AAPL stocks averaged $400 per share. That price is expected to go up significantly throughout this year, 2012.
What was the Price barrel of oil in 2010?
In 2010, the average price of a barrel of oil fluctuated between approximately $70 and $90. The year saw a recovery in oil prices following the global recession of 2008-2009. By the end of 2010, prices were around $90 per barrel. This increase was driven by factors such as rising demand from emerging economies and geopolitical tensions.
What was the price of a barrel of oil in 1978?
In today's dollars (2010) it was about $50.00 per barrel. In 1978 it was about $14.95 per barrel.
Does oil spills helps to increase the oil price?
Yes it does affect the oil price
How is the current demand for a good related to its future prices?
If the price is expected to drop, current demand will fall.
