VBIN's oil stock thread.

[rnsmth]

The Average Crude Oil Spot Price calculates an equally weighted price of the WTI Crude Oil Price, Brent Crude Oil Price, and Dubai Crude Oil Price. This metric gives a nice overview of the broad crude oil market, rather than looking at one type of crude oil price alone. One of the most notable times for the Average Crude Oil Spot Price was in 2008. Prices for the Average Crude reached as high as $114/barrel because of large cuts in production. However, because of the financial crisis and an abrupt loss of demand for oil globally, the price of Average Crude fell as much at 70% off highs in January of 2009.


Average Crude Oil Spot Price is at a current level of 93.54, up from 83.92 last month and up from 60.46 one year ago. This is a change of 11.47% from last month and 54.71% from one year ago.


https://ycharts.com/indicators/average_c...spot_price