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What else can I help you with?
How rise in crude oil price affects the plastic industry?
Plastic is a by product of oil therefore the price should go up
Why crude oil price reduced in 2008?
As a result of a downturn in the worlds economic activity the demand for crude reduces causing the price to go down.
What is the relationship between the price of crude oil and the US dollar?
In short, weakening of the US dollar, e.g., due to the weakening US economy, causes crude oil prices to go up. Strengthening dollar makes the price of crude oil to decrease. It is explained by the Purchasing Power Parity theory, which assumes that the producers of crude oil should get the same price for oil in their own currency, after exchanging dollars they receive for crude oil.
What was the Price of crude oil in 1901?
The average price of a barrel of crude oil in 1901 was 96 cents.
What was the price of crude oil in the 1980s?
In 1977, the average price for a barrel of crude oil was $14.40 (about $60.00 in today's dollars).
What are the reasons NYMEX crude oil goes up and down in price?
There are many reasons why NYMEX crude oil goes up and down in prices. This includes the level of production from crude oil suppliers as well as world events and government policy.
Crude oil price in May 2007?
The average price for a barrel of crude oil in May 2007 was: $58.90
What was the price of crude oil in the United States in 2000?
The average price for a barrel of crude oil in 2000 was: $26.72
What was the price for crude oil in 1997?
In 1997, the average price for a barrel of crude oil was $18.64 (about $30.00 in today's dollars).
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 highest price per barrel of crude oil in 2008?
The highest price for barrel of crude oil reached $128.08in July 2008.
What is Indian crude basket?
The Indian Crude Basket is an assessment of the price of a mix of crude oil consumed in India. The quote combines the following three elements: * BFO-, (North Sea benchmark) which makes up 38.60 percent of the calculation. * DUB-1M (Dubai benchmark) for 30.70 percent * OMA-1M-A (Oman benchmark) for 30.70 percent The Indian Crude basket is used as an indicator of the price of crude imports in India, and is one of the elements watched by the Indian government when deciding on domestic price issues.
