ARTICLES

The U.S. Energy Information Administration estimates the average cost of Brent crude oil for 2015 at $60 dollars per barrel. EIA projections predict production costs of $67 per barrel in 2016.

www.reference.com/article/average-cost-crude-oil-production-72c9089ea486f095

Crude oil prices have fluctuated from highs of approximately $120 per barrel in inflation-adjusted 2013 dollars to lows of just over $10 since the mid-1800s. The first major spike occurred in 1862 during the U.S. Civil W...

www.reference.com/article/history-price-crude-oil-f1c45539da63407a

Crude oil is refined into a variety of petroleum products that are used, like gasoline and heating oil, according to the University of Delaware Sea Grant Program. The refining process results in three major grades of con...

www.reference.com/article/crude-oil-used-c9bf8c4f8f9b7b19

SIMILAR ARTICLES

The U.S. Energy Information Administration provides current spot prices for oil on its website, as of 2015. The prices are provided in weekly releases that show the daily values from the previous week, according to EIA. ...

www.reference.com/article/can-out-current-oil-prices-31003839b519a423

The U.S. Energy Information Administration states the Organization of the Petroleum Exporting Countries (OPEC) affects oil and gasoline prices in the United States by managing output of member countries, thereby increasi...

www.reference.com/article/opec-affect-united-states-b4749dbc92644028

The U.S. Energy Information Administration estimates that the natural gas reserves of the United States will last around 92 years. The estimate will hold true only if the national natural gas consumption rate stays at th...

www.reference.com/article/long-natural-gas-reserves-last-58df31a5232bd73d

As of Oct. 19, 2015, crude oil is trading at about $48 per barrel. The price of oil is determined by supply and demand factors as well as market sentiment.

www.reference.com/article/current-world-price-oil-cdf4f7833ff08c4