How much was the price per barrel of oil in 1989?

Answer 1

The best source of information on oil prices on the web is the EIA site, but they only go back to 1978. But I found one website with data going back to 1972, and it states that oil was $3.58 per barrel. Usually, this is "bench-mark" crude (a sweet, light crude) and heavier or sour crudes would go for less. Other websites give values around $3.00 See: http://www.farmdoc.uiuc.edu/manage/newsletters/fefo08_10/fefo08_10.html

Answer 2

The average price for a barrel of oil in 1997 was: $18.65

Answer 3

The average price for a barrel of oil during 1998 was $11.91

Answer 4

It varied month-to-month. In 2000, the prices ranged from a low of $23.20 in April to a high of $30.36 in November.

Answer 5

about 20 dollars all year it changed by only about 50 cents a month

Answer 6

It reached as low as $.10 per BARREL because of lack of regulation and demand, but a great abundance of oil found in the Southwest of the US.

Answer 7

$27.39 per barrel in 2000 (equal to about $34.45 per barrel in 2010).

Answer 8

$18.33 per barrel (about $32.03 in 2010 dollars).

Answer 9

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