Crude oil prices and oil shock periods

Annual average, US$/barrel.

pre-1970 West Texas Intermediate crude (WTI) reflects Pennsylvania/US crude proxy prices
Chart: The ConversationSource: WTI 1900–2009: Hamilton (2013) WTI 2010–2026: U.S. Energy Information Administration (EIA), Cushing, OK WTI Spot Pr Get the data Download imageCreated with Datawrapper