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Chart: Crude Oil Price History
West Texas Intermediate (WTI) for Future Delivery
New York Mercantile Exchange (NYMEX)

NYMEX Crude Oil Price History Chart

Chart updated on June 20, 2020.

Sources: Crude Oil Price History (Daily) and EIA.

NB: The outlier reading of $-37.63 per barrel on April 20, 2020 is not an error.
As global travel declined sharply due to the panic associated
with the COVID-19 virus, demand for crude oil dried up,
and crude prices plummeted. The negative price represents
drillers paying buyers to store surplus crude oil. Oil companies
had to resort to storing excess crude in rented oil tankers.

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