Graph showing crude oil prices
Crude oil is by far the world’s most important energy source and the price of oil therefore plays an important role in industrial and economic development. There are different types of crude oil. Use our Crude Oil Chart to view Live Oil Prices. Calc Daily Charts News Pivots. About Crude Oil. Crude oil is often referred to as Light Sweet Crude and WTI Oil or CL on futures exchanges. In its raw form when freshly extracted the color of Crude Oil can vary from black to dark brown, even with a slight red or green hint. The primary use of Oil Price History—Highs and Lows Since 1974 The following chart shows the nominal value for imported crude oil according to the U.S. Energy Information Administration. The first column shows the average annual price, followed by the high and low oil prices that year, and the reasons and accompanying events for the price variations.