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The price of crude oil has surged in recent years - you can read our most recent coverage, comment and analysis in the story archive below.
This is Money's market data shows the latest change in Brent crude (UK) oil prices and allows you to chart the historic price. Please note: Brent crude trades at a slight discount to the more widely used West Texas Intermediate.
SEE THE LATEST BRENT CRUDE OIL PRICE
>> Where next for the oil price? (25 Oct 2008)
>> 30-second guide: Oil pricing
>> 30-second guide: Op
>> Latest on oil company share prices
>> How to profit from the oil price
>> Why is diesel more expensive than petrol?
Graph: Inflation-adjusted oil prices from the Seventies until April 2008...
Also:
Charts: The latest price of gold
And don't miss our archive of news stories, comment and predictions...
Other stories:
What's happening with the price of oil? (September 2008)
Oil price falls 40% but petrol rises 10p (September 2008)
Goldman cuts its oil forecasts (September 2008)
Reports of 'total panic' as oil price plunges (September 2008)
Oil price relief as hurricane fears ease (September 2008)
Commodities worry hits oil and gold (August 2008)
Reasons to believe oil prices may ease soon (July 2008)
Soaring oil price keeps US cars off road (July 2008)
Asia + credit + oil = a whole world of pain (July 2008)
Opec blames dollar for surging oil price (July 2008)
Oil hits $146 as Paulson says there's no quick fix (July 2008)
Soaring oil 'to stretch US pain' (June 2008)
Brown: Soaring oil prices will hurt us all (June 2008)
Oil-shock veteran in price alert (June 2008)
Market sees biggest ever rise in oil prices (June 2008)
Christopher Brooker: 'Crisis is in power, not petrol' (June 2008)
Analysis: Are we set to re-live the 70s? (June 2008)
CBI boss: oil threatens economic chaos (June 2008)
Russians see oil price topping $250 (June 2008)
$150 a barrel 'norm' as oil surges again (June 2008)
North Sea oil 'will last for half a century' (June 2008)
Hedge funds hint oil price is past peak (June 2008)
WANT TO KNOW MORE?READER COMMENTSComments so far (9)
1.
Why is diesel more expensive than unleaded? Diesel is mainly a commercial need. Should the government reduce price, this would bring price down for everything in the UK. And increase unleaded.
- Marco, derby
Posted: 3 December 2008, 12:01am
2.
Most car users are running unleaded so surely they will consider the needs of the people. So much has been so far to protect businesses, individuals and families now need protection
- Chris, leeds
Posted: 3 December 2008, 12:50pm
3.
The world price of crude is falling but not the price on the forecourts. When oil prices went up sharply a few months ago the price at the pumps shot up. Not so quick to bring them down are they! Also the energy suppliers used the high fuel prices as an excuse to rocket their prices, again no reductions coming through! Talk about rip off Britain
- Rob, Leicester
Posted: 4 December 2008, 7:02pm
4.
Rob - the price of crude is in USD, the price of petrol in Leicester is I guess in GBP
When the oil price was high, FX was $2/£1, it's now $1.50/£1, which has offset much of the headline fall in crude
Then you need to factor in tax and excise duty etc. which insulates the UK motorist against crude price variance (i.e. pump prices didn't double as the Brent price doubled) both on the upside and downside.
- Carl, Moscow
Posted: 5 December 2008, 8:11am
5.
Can anyone shed light on a similar question, why is the LPG price not falling in the UK? The price for petrol on the forecourts has dropped dramatically over the past months, yet this still continues to rise, is it somehow more costly to refine?
- Dave, Shresbury
Posted: 5 December 2008, 1:42pm
6.
Nobody ever mentions what has gone on with home heating oil. Back in February 2007 when crude was $55 per barrel I was paying 26.6p per litre, with crude currenly standing at $42.52 per barrel Boilerjuice.com is today quoting 38p as the national average...... I smell a rat|
All the home heating oil suppliers are all sticking together and varying there prices in turn by a penny per litre just to give the illusion of a competative market when they are in fact ovwer inflating prices by at least 33%
Why is nobody overseeing this abuse to all home owners who do not have gas as an alterative?
- Pete Watts, Parkend, Lydney, Gloucestershire
Posted: 10 December 2008, 8:01pm
These are the first 6 of 9 comments
New year comment2009 predictions The Daily Mail City Editor on why shares may soon begin a recovery.
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