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- World_oil_market_chronology_from_2003 abstract "This article is a chronology of events affecting the oil market. For a discussion of the energy crisis of the same period, see 2000s energy crisis and Effects of 2000s energy crisis. For current fuel prices see Gasoline usage and pricing.From the mid-1980s to September 2003, the inflation adjusted price of a barrel of crude oil on NYMEX was generally under $25/barrel. Then, during 2004, the price rose above $40, and then $50. A series of events led the price to exceed $60 by August 11, 2005, and then briefly exceed $75 in the middle of 2006. Prices then dropped back to $60/barrel by the early part of 2007 before rising steeply again to $92/barrel by October 2007, and $99.29/barrel for December futures in New York on November 21, 2007. Throughout the first half of 2008, oil regularly reached record high prices. On February 29, 2008, oil prices peaked at $103.05 per barrel, and reached $110.20 on March 12, 2008, the sixth record in seven trading days. Prices on June 27, 2008, touched $141.71/barrel, for August delivery in the New York Mercantile Exchange (after the recent $140.56/barrel), amid Libya's threat to cut output, and OPEC's president predicted prices may reach $170 by the Northern summer. The most recent price per barrel maximum of $147.02 was reached on July 11, 2008. After falling below $100 in the late summer of 2008, prices rose again in late September. On September 22, oil rose over $25 to $130 before settling again to $120.92, marking a record one-day gain of $16.37. Electronic crude oil trading was temporarily halted by NYMEX when the daily price rise limit of $10 was reached, but the limit was reset seconds later and trading resumed.By October 16, prices had fallen again to below $70, and on November 6 oil closed below $60.As the price of producing petroleum did not rise significantly, the price increases have coincided with a period of record profits for the oil industry.[citation needed] Between 2004 and 2007, the profits of the six supermajors - ExxonMobil, Total, Shell, BP, Chevron, and ConocoPhillips - totaled $494.8 billion.".
- World_oil_market_chronology_from_2003 thumbnail Brent_Spot_monthly.svg?width=300.
- World_oil_market_chronology_from_2003 wikiPageExternalLink index.html.
- World_oil_market_chronology_from_2003 wikiPageExternalLink prices.htm.
- World_oil_market_chronology_from_2003 wikiPageID "19366351".
- World_oil_market_chronology_from_2003 wikiPageRevisionID "603487446".
- World_oil_market_chronology_from_2003 hasPhotoCollection World_oil_market_chronology_from_2003.
- World_oil_market_chronology_from_2003 subject Category:2000s_energy_crisis.
- World_oil_market_chronology_from_2003 subject Category:Oil_market_timelines.
- World_oil_market_chronology_from_2003 comment "This article is a chronology of events affecting the oil market. For a discussion of the energy crisis of the same period, see 2000s energy crisis and Effects of 2000s energy crisis. For current fuel prices see Gasoline usage and pricing.From the mid-1980s to September 2003, the inflation adjusted price of a barrel of crude oil on NYMEX was generally under $25/barrel. Then, during 2004, the price rose above $40, and then $50.".
- World_oil_market_chronology_from_2003 label "World oil market chronology from 2003".
- World_oil_market_chronology_from_2003 sameAs Q16000852.
- World_oil_market_chronology_from_2003 sameAs Q16000852.
- World_oil_market_chronology_from_2003 wasDerivedFrom World_oil_market_chronology_from_2003?oldid=603487446.
- World_oil_market_chronology_from_2003 depiction Brent_Spot_monthly.svg.
- World_oil_market_chronology_from_2003 isPrimaryTopicOf World_oil_market_chronology_from_2003.