Whereas it stood at 61 dollars in December 2025, the oil barrel is now worth nearly 92 dollars:
But it has not yet reached the historical peak of $147 in July 2008.
To take a step back, here are the annual average oil prices since 1970:
Major peaks and troughs:
- 1973–1974: First oil shock
- 1979: Second shock (Iranian Revolution)
- 1980: Iran–Iraq War
- 2008: Historic multi-factor peak
- 2009: Financial crisis
- 2015: U.S. shale oil boom
- 2016: Post-shock low
- March 2026: Strait of Hormuz blockade
Sources :
– FRED St Louis
– EIA
– Prix du baril
