What is the current price of crude oil per barrel?

Today’s WTI crude oil spot price of $101.81 per barrel is down 19.7% compared to one week ago at $126.78 per barrel. WTI crude oil also opened 2021 with an uptrend at $48.27 per barrel. WTI crude had a series of rallies and tumbles to reach a year-high price of $84.06 per barrel in late October 2021.

What are the differences between "sweet" and "sour" crude oil?

“Sweet crude oil is considered “sweet” if it contains less than 0.5% sulfur. In comparison, sour crude oil contains impurity sulfur levels larger than 0.5%. Sweet crude oil contains small amounts of hydrogen sulfide and carbon dioxide and it is commonly used for processing into gasoline, kerosene, and high-quality diesel.

How much does crude oil cost per barrel?

As in most questions the answer is it depends on the type of crude oil, the configuration of the refinery, the size of the refinery, and the products produced. At a huge Texas refinery like Exxon Baytown, the cost is $3–4 Bbl. At a small California refinery like Torrance, the cost is $10–12 per Bbl. see the pictures below: Baytown Torrance

What are the current oil prices?

Prices reached a record-high of $4.33 per gallon on March 11 and while the current average has dropped slightly, to $4.26 as of Sunday, the rate is still about 75 cents higher per gallon than the month prior.