It seems like the oil market has always been pretty tight, but this year’s boom has been more than enough to bring the market to new highs.
We’ve already seen the U.S. energy sector hit a peak of $50 per barrel in January.
But this year is even higher.
The oil price is currently hovering around $40 per barrel.
This is just about the level we’d expect for a year like 2017, which would be considered a record high.
The U.K. recently hit a $50-per-barrel price, as did Japan, which has now surpassed $50 a barrel.
And the price of Brent crude oil is hovering at around $45 per barrel, just below where it was in early June.
The best deal for oil is for oil producers to be able to afford to invest in production.
The price of oil has been falling steadily over the past few years, but oil companies are starting to get their money’s worth.
The average price of U..
S.-produced crude oil has fallen from about $54 per barrel to just over $46 per barrel since the beginning of 2018.
Oil companies are also getting more money for producing their oil, which means the price will go lower.
And if that happens, the world’s oil supply will start to get smaller.
While Brent crude is down more than $20 per barrel this year, that price is still higher than the average price in the past.
The Brent price peaked at $54.94 per barrel at the end of July, but the average for the past year is just below $50.
This chart from the EIA shows the average Brent price over the last several years.
The average price for crude oil in the United States has fallen over the years, reaching a peak in August of $45.75 per barrel (that’s just below the $46.95 average for 2018). But the U