Annual futures contract one price for Cushing Oklahoma crude oil stood at 68.11 U.S. dollars per barrel in 2021, a noticeable increase compared to the previous year. During the period in consideration, figures peaked at nearly 100 U.S. dollars per barrel in 2008.
Average annual crude oil future Contract 1 prices in the U.S. from 1990 to 2021
(in U.S. dollars per barrel)
All prices refer to light sweet oil from Cushing, Oklahoma, traded at the New York Mercantile Exchange, U.S. Contract 1 is a futures contract specifying the earliest delivery date. For crude oil, each contract expires on the third business day prior to the 25th calendar day of the month preceding the delivery month. If the 25th calendar day of the month is a non-business day, trading ceases on the third business day prior to the business day preceding
the 25th calendar day. After a contract expires, Contract 1 for the remainder of that calendar month is the second following month.
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EIA. (November 30, 2022). Average annual crude oil future Contract 1 prices in the U.S. from 1990 to 2021 (in U.S. dollars per barrel) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/209574/average-annual-futures-contract-1-price-of-crude-oil/
EIA. "Average annual crude oil future Contract 1 prices in the U.S. from 1990 to 2021 (in U.S. dollars per barrel)." Chart. November 30, 2022. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/209574/average-annual-futures-contract-1-price-of-crude-oil/
EIA. (2022). Average annual crude oil future Contract 1 prices in the U.S. from 1990 to 2021 (in U.S. dollars per barrel). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/209574/average-annual-futures-contract-1-price-of-crude-oil/
EIA. "Average Annual Crude Oil Future Contract 1 Prices in The U.S. from 1990 to 2021 (in U.S. Dollars per Barrel)." Statista, Statista Inc., 30 Nov 2022, https://www.statista.com/statistics/209574/average-annual-futures-contract-1-price-of-crude-oil/
EIA, Average annual crude oil future Contract 1 prices in the U.S. from 1990 to 2021 (in U.S. dollars per barrel) Statista, https://www.statista.com/statistics/209574/average-annual-futures-contract-1-price-of-crude-oil/ (last visited August 25, 2024)
Average annual crude oil future Contract 1 prices in the U.S. from 1990 to 2021 (in U.S. dollars per barrel) [Graph], EIA, November 30, 2022. [Online]. Available: https://www.statista.com/statistics/209574/average-annual-futures-contract-1-price-of-crude-oil/
