What is the lowest the oil price has ever been?

US$30.28 a barrel
On 23 December 2008, WTI crude oil spot price fell to US$30.28 a barrel, the lowest since the financial crisis of 2007–2008 began.

What was the price of oil in 2003?

$31.08
Crude Oil Prices – 70 Year Historical Chart

Crude Oil Prices – Historical Annual Data
Year	Average Closing Price	Annual % Change
2003	$31.08	4.17%
2002	$26.19	56.36%
2001	$25.98	-25.30%

When was the last time oil prices negative?

April 20, 2020
On April 20, 2020, the front-month May 2020 WTI crude contract dropped 306%, or $55.90, for the session, to settle at negative $37.63 a barrel on the New York Mercantile Exchange.

What was the price of a barrel of oil in 2008?

Since 1976, the price of WTI crude oil has increased notably, rising from just 12.23 U.S. dollar per barrel in 1976 to a peak of 99.06 dollars per barrel in 2008.

What was the price of oil in 2017?

WTI Crude Oil Prices – 10 Year Daily Chart

Crude Oil Prices – Historical Annual Data
Year	Average Closing Price	Year High
2017	$50.80	$60.46
2016	$43.29	$54.01
2015	$48.66	$61.36

Why actually oil went into negative pricing?

The crash in demand that followed the spread of Covid-19, along with a price war between oil giants Saudi Arabia and Russia in early March spurred the move into negative prices. As the delivery date for WTI grew near, investors began a massive sell-off to take the contract off their hands.

When did oil go to zero?

When Oil Prices Went Subzero. The defining moment of the slump—an event many market veterans would scarcely believed they were seeing—came on April 20, 2020. West Texas Intermediate crude, the U.S. benchmark, dropped to minus $40 a barrel.

What was the price of oil in 1960?

Annual Average Domestic Crude Oil Prices

Annual Average Domestic Crude Oil Prices (in $/Barrel)
1946-Present
1959	$3.00	$29.59
1960	$2.91	$28.32
1961	$2.85	$27.41