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What is the historical price of oil?

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Quick Answer

In the time period between January 1986 and October 2015, the price of crude oil fell as low as $11 a barrel and rose as high as $140 a barrel. The price of oil stayed relatively steady in the late 1980s and 1990s, while the 2000s saw much more volatility.

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Full Answer

In the spring of 1986 and late 1998, the price of crude oil dipped below $11 at some points. Between 1986 and 2000, crude oil was most expensive in the fall of 1990, when it reached $40. The price of oil steadily increased during the 2000s until reaching a peak of $140 in the summer of 2008. The price then precipitously fell until reaching a low of approximately $40 in the winter of 2008. Oil's value rebounded in the 2010s until another drop in late 2014. The price of oil in September and October 2015 varied between $40 and $50 a barrel.

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