13+ Oil Price Per Barrel Chart PNG. Crude oil is expected to trade at 40.71 usd/bbl by the end of the west texas intermediate (wti) benchmark for us crude is the world's most actively traded commodity. The current month is updated on an hourly basis with today's latest value.
In december 2005 the global demand for crude oil was 83.3 million barrels per day according to the international energy agency (iea) and this will continue to rise further.
This metric gives a nice overview of the broad crude oil market, rather than looking at one type of crude oil price alone. Global oil consumption per capita is 5 barrels of oil (199 gallons) per person yearly (based on the 2016 world population of 7,464,022,049 people) or 0.5 gallons per capita per day. Light crude oil (pit) (nymex). On the weekly chart the market looks pretty.
