Crude Oil Prices - Crude oil prices mainly for the USA. Details on crude oil prices per barrel, the crude oil price history and what events caused the price rises, the current crude oil prices, how crude oil is refined and more.
Crude oil prices January 2009 and historical January prices can be found on New York Mercantile Exchange, Inc. (NYMEX) and US Energy Information Administration (EIA) websites.
Crude Oil Prices January
The NYMEX futures price for crude oil is
reported in almost every major U.S. newspaper.
It is the value of a 1,000 barrels of oil, usually WTI at some agreed
upon time in the future. In this way, the NYMEX gives a forecast of
what oil traders think the WTI spot price will be in the future.
However, the futures price usually follows the spot price pretty
closely, since the oil traders can't know about sudden disruptions to
the oil supply, etc. The NYMEX futures quotes crude oil prices January.
EIA Short-Term Energy Outlook
Crude oil prices per barrel measure the spot price of various barrels of oil,
most commonly either the West Texas Intermediate (WTI) or the Brent
Blend. The OPEC basket price and NYMEX futures price are also
The Spot price of Crude Oil is the current price at which Crude Oil can be
bought or sold. It is the wholesale price that is quoted if you were a
refiner wanting to buy Crude Oil today. Crude oil prices January are quoted per barrel.
The most relevant links we could find, placed here free
Short-Term Energy Outlook
- by US Energy Information Administration (EIA). www.eia.doe.gov
NYMEX January 2009 futures price
- New York Mercantile Exchange, Inc. (NYMEX) is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals. www.nymex.com
NYMEX 8 year future prices
- for light sweet crude. www.nymex.com
Crude Oil Spot Prices
- Crude oil prices January. Spot Prices for Crude Oil and Petroleum Products by EIA. WTI and Brent crude oil prices in Dollars per barrel. tonto.eia.doe.gov
World Crude Oil Prices
- from US Energy Information Administration (EIA). tonto.eia.doe.gov
OPEC Basket Price
- Organization of the Petroleum Exporting Countries (OPEC)
coordinates oil production policies in order to help stabilise the oil market and to help oil
producers achieve a reasonable rate of return on their investments. Their meetings are watched closely to determine
if they will be an increase or decrease in oil production,
affecting crude oil prices January.
The OPEC Basket Price is an average of the prices of oil from Algeria,
Indonesia, Nigeria, Saudi Arabia, Dubai, Venezuela, and Mexico. OPEC
uses the price of this basket to monitor world oil market conditions.
OPEC prices are lower because the oil from some of the countries have
higher sulphur content, making them more "sour", and therefore less
useful for making gasoline. The OPEC Basket Price quotes crude oil prices January per barrel.