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This month’s significant number: 17 - DFSIN - SFL

This month’s significant number 17

That was the approximate price of oil per barrel, in U.S. dollars, two years ago.

April 26, 2022

To get some idea of the inflationary trend in oil prices, just take a look at the change in the price of WTI crude over the past two years. On April 20, 2020, at the height of the pandemic’s first wave, it recorded a low of US$17.31. Almost two years later, on March 21, 2022, it had soared above US$110, a six-fold increase. Brent crude has followed the same pattern, hovering around US$22 at the bottom in April 2020 and nearing US$114 on March 21, 2022. Note that the price of oil started its most recent surge in November 2021, when WTI was just above US$66 and Brent was close to US$70.

The following sources were used to prepare this article:
, “Prix du baril - Le cours officiel du pétrole.”
Data from March 21, 2022, the date of this writing.