$33.23 a barrel

[Johnny Vincents Motorbike]

a further drop of 7% in the price of crude.

this is turning into a global power struggle for market share.

lets see who blinks First - I have a fancy that it will be the USA, trump has already changed one of his decrees this morning, as he originally banned cargo from Europe as well as people, he has now rescinded that.

 

[bear66]

Is that the lowest in real terms in history?

 

[HundredRoom]

No it has been lower than 10 - not that long ago 30 years or so if remember right.

But in real terms whatever reality is you might be right

 

[bear66]

No it has been lower than 10 - not that long ago 30 years or so if remember right.

But in real terms whatever reality is you might be right

A quick look through figures suggests it is the lowest in real terms.

 

[SmallTown]

Does that mean diesel prices will drop? I think I know the answer...

 

[Billy Horner]

A quick look through figures suggests it is the lowest in real terms.

This analysis suggests that inflation adjusted crude oil prices were lower than today from the end of the Second World War until the oil crisis in the 1970s.

https://inflationdata.com/articles/inflation-adjusted-prices/historical-crude-oil-prices-table/

Since then they’ve stayed relatively high although, bizarrely, the lowest price ever was recorded in December 1998 ($18.86)!