Over the last several decades, the price of WTI crude oil has been affected by notable events and crises taking place throughout the world. The inflation adjusted price of one barrel of crude oil peaked shortly before the global financial crisis in 2008 at 125.21 real U.S. dollars. By the first quarter of 2009, the crude oil price had plummeted to 42.89 real U.S. dollars per barrel. By comparison, the through price during the coronavirus pandemic was 24.65 real U.S. dollars.
Inflation adjusted price of one barrel of WTI crude oil during select events worldwide from 1968 to 2022
(in U.S. dollars)
Characteristic
Event
Crude oil price per barrel
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Visual Capitalist. (May 4, 2022). Inflation adjusted price of one barrel of WTI crude oil during select events worldwide from 1968 to 2022 (in U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1312765/wti-crude-oil-price-in-times-of-crisis/
Visual Capitalist. "Inflation adjusted price of one barrel of WTI crude oil during select events worldwide from 1968 to 2022 (in U.S. dollars)." Chart. May 4, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1312765/wti-crude-oil-price-in-times-of-crisis/
Visual Capitalist. (2022). Inflation adjusted price of one barrel of WTI crude oil during select events worldwide from 1968 to 2022 (in U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1312765/wti-crude-oil-price-in-times-of-crisis/
Visual Capitalist. "Inflation Adjusted Price of One Barrel of Wti Crude Oil during Select Events Worldwide from 1968 to 2022 (in U.S. Dollars)." Statista, Statista Inc., 4 May 2022, https://www.statista.com/statistics/1312765/wti-crude-oil-price-in-times-of-crisis/
Visual Capitalist, Inflation adjusted price of one barrel of WTI crude oil during select events worldwide from 1968 to 2022 (in U.S. dollars) Statista, https://www.statista.com/statistics/1312765/wti-crude-oil-price-in-times-of-crisis/ (last visited July 22, 2024)
Inflation adjusted price of one barrel of WTI crude oil during select events worldwide from 1968 to 2022 (in U.S. dollars) [Graph], Visual Capitalist, May 4, 2022. [Online]. Available: https://www.statista.com/statistics/1312765/wti-crude-oil-price-in-times-of-crisis/
