Depressed oil prices date back to 2014

Price of oil per barrel in U.S. dollars, January 2011–June 2020

Note: Daily oil prices are based on West Texas Intermediate (WTI) crude oil, Cushing, Oklahoma.

Chart: Center for American Progress Source: U.S. Energy Information Administration, "Cushing, OK WTI Spot Price FOB," available at https://www.eia.gov/dnav/pet/hist/RWTCD.htm (last accessed July 2020).