Annual futures contract three price for Cushing Oklahoma crude oil stood at 40.88 U.S. dollars per barrel in 2020, a decrease compared to the previous years. During the period in consideration, figures peaked at over 100 U.S. dollars per barrel in 2008.
Average annual crude oil futures contract three prices in the U.S. from 1990 to 2020*
(U.S. dollars per barrel)
* All prices refer to light sweet oil from Cushing, Oklahoma, traded at the New York Mercantile Exchange, U.S. Contracts 2-4 represent the successive delivery months following Contract 1. 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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EIA. (November 24, 2021). Average annual crude oil futures contract three prices in the U.S. from 1990 to 2020* (U.S. dollars per barrel) [Graph]. In Statista. Retrieved July 02, 2022, from https://www.statista.com/statistics/209581/average-annual-futures-contract-3-price-of-crude-oil/
EIA. "Average annual crude oil futures contract three prices in the U.S. from 1990 to 2020* (U.S. dollars per barrel)." Chart. November 24, 2021. Statista. Accessed July 02, 2022. https://www.statista.com/statistics/209581/average-annual-futures-contract-3-price-of-crude-oil/
EIA. (2021). Average annual crude oil futures contract three prices in the U.S. from 1990 to 2020* (U.S. dollars per barrel). Statista. Statista Inc.. Accessed: July 02, 2022. https://www.statista.com/statistics/209581/average-annual-futures-contract-3-price-of-crude-oil/
EIA. "Average Annual Crude Oil Futures Contract Three Prices in The U.S. from 1990 to 2020* (U.S. Dollars per Barrel)." Statista, Statista Inc., 24 Nov 2021, https://www.statista.com/statistics/209581/average-annual-futures-contract-3-price-of-crude-oil/
EIA, Average annual crude oil futures contract three prices in the U.S. from 1990 to 2020* (U.S. dollars per barrel) Statista, https://www.statista.com/statistics/209581/average-annual-futures-contract-3-price-of-crude-oil/ (last visited July 02, 2022)
