Crude Oil Price
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It is presented below a full sample from Intratec Energy Price References, showing functionalities of this product and all price data available for Crude Oil. Subscribe now to Intratec Energy Price References and gain access to prices of 13 key energy commodities in as many as 35 strategic countries. Plans start at $149 USD /year.
Data Legend. The Crude Oil prices presented are primarily based on official statistics published by government agencies. For the world region Americas, check Crude Oil prices in the following countries:
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United States: Crude Oil contract price, FOB Cushing, WTI 40 API, US light sweet blend -
Brazil: Crude Oil export price, FOB, encompassing all commercial grades -
Colombia: Crude Oil export price, FOB, encompassing all commercial grades -
Canada: Crude Oil export price, FOB, encompassing all commercial grades -
Chile: Crude Oil import price, CIF, encompassing all commercial grades -
Mexico: Crude Oil export price, FOB, encompassing all commercial grades
United States: Crude Oil contract price, FOB Cushing, WTI 40 API, US light sweet blend 
Brazil: Crude Oil export price, FOB, encompassing all commercial grades 
Colombia: Crude Oil export price, FOB, encompassing all commercial grades 
Canada: Crude Oil export price, FOB, encompassing all commercial grades 
Chile: Crude Oil import price, CIF, encompassing all commercial grades 
Mexico: Crude Oil export price, FOB, encompassing all commercial grades Data Use. To better understand Energy Price References functionalities, check User Guide . For further information about data gathering methods, see Intratec methodology .
Intratec Energy Price References
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About Crude Oil Prices. Crude oil is a key raw material for the industry, worldwide. It occupies such an important position in the global supply chain that its price can be used as an indicator of the state of the economy. As a result, having access to reliable crude oil price data is essential for several types of businesses.
The price of crude oil is influenced by a range of factors. For instance, increased demand, especially from emerging economies, can lead to higher prices. Additionally, the supply of crude oil is affected by production decisions made by oil-producing countries, and geopolitical events such as wars or sanctions.
Another factor that affects crude oil prices is governmental economic policies, such as taxes, subsidies, and regulations. For example, taxes on the production or consumption of crude oil can lead to higher prices, while subsidies can make it more affordable. Regulations that impact the supply of crude oil, such as import or export restrictions, can also affect its price.
Aside from individual governments, the Organization of the Petroleum Exporting Countries (OPEC) play an important role in defining Crude Oil Prices. Accounting for more than 40% of oil production and more than 70% of proven crude oil reserves, OPEC has been known to adjust its production levels to try and control the supply and demand dynamics of crude oil. The announcement of production cuts or increases by OPEC can cause market volatility and speculation, and even minor changes in OPEC's production levels can affect crude oil prices.
Transportation costs are another factor that can impact crude oil prices. Crude oil is typically transported by pipeline, ship, or truck to reach refineries. Disruptions in transportation infrastructure, such as natural disasters or road closures, can increase delivery times and transportation costs, leading to higher crude oil prices.
