Oil Prices

Spot oil prices jumped after the Russian invasion of Ukraine and continued to rise through early March. They reached $127 per barrel on 8 March 2022. The price in Sterling set a new record on the same day of £97 per barrel. This was 21% above the earlier peak in 2012. Oil prices crashed after the coronavirus pandemic and subsequent lockdown led to a dramatic cut in demand. Prices fell from almost $70 a barrel in early January to below $20 per barrel in late April 2020. Oil prices peaked in July 2008 at almost $150 per barrel and were in the $100-125 range for much of 2011 to early 2014.

Oil Prices

Total results (page 1 of 31)