Crude oil futures prices: Cushing Oklahoma 1990-2018

This statistic represents the average annual future price for Cushing Oklahoma crude oil between 1990 and 2018. In 2018, the future Contract 1 price for this crude came to 64.81 U.S. dollars per barrel.

Average annual crude oil future Contract 1 prices in the U.S. from 1990 to 2018 (U.S. dollars per barrel)*

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Source

Release date

August 2019

Region

United States

Survey time period

1990 to 2018

Method of interview

Online survey

Supplementary notes

* All prices refer to light sweet oil from Cushing, Oklahoma, traded at the New York Mercantile Exchange, U.S.
Contract 1 is a futures contract specifying the earliest delivery date. For crude oil, each contract expires on the third business day prior to the 25th calendar day of the month preceding the delivery month. If the 25th calendar day of the month is a non-business day, trading ceases on the third business day prior to the business day preceding the 25th calendar day. After a contract expires, Contract 1 for the remainder of that calendar month is the second following month.

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