 |
Evolution of the Price of Oil per Barrel
(1970-2007)
| Date |
Nominal Price U.S. Dollars |
Real Price U.S. Dollars in 1973 |
| 1970 |
$1.80 |
- |
| October 1, 1973 |
$3.01 |
$3.05 |
| January 1974 |
$11.65 |
$9.68 |
| July 1, 1977 |
$13.66 |
$8.67 |
| July 1, 1979 |
$18.00 |
$9.04 |
| 1980 |
$28.64 |
$13.26 |
| 1981 |
$32.51 |
$15.55 |
| 1984 |
$28.20 |
$14.66 |
| 1986 |
$13.53 |
$5.50 |
| 1987 |
$17.73 |
$6.25 |
| 1988 |
$14.24 |
$4.71 |
| 1991 |
$18.62 |
$5.18 |
| 1994-1999 |
$16.85 |
$4.86 |
| 2000 |
$27.60 |
$7.79 |
| 2001 |
$23.12 |
$6.58 |
| 2003 |
$28.10 |
$6.51 |
| 2004 |
$36.05 |
$7.58 |
| 2006 |
$61.08 |
$12.19 |
| 2007 |
$69.08 |
$12.62 |
Source: Arab Insight. |
 |
