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oil price chart

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Crude Oil Price Charts Compare 2014 to 2008

By , Associate Editor, Money Morning • @KyleAndersonMM -

crude oil price chart

Oil hit its lowest point in more than five years this week, continuing 2014's huge drop. This WTI crude oil price chart and Brent oil chart show how large the oil crash of 2014 has been.

In June, WTI oil futures traded as high as $101.33 per barrel. This week they touched $52.51.
That's a drop of 48.2% in just six months.

Here's how that compared to another historic crash in oil prices...

Crude Oil Price Chart: This Is the 4th-Largest Drop in 30 Years

By , Associate Editor, Money Morning • @KyleAndersonMM -

crude oil price chart

West Texas Intermediate (WTI) crude oil dropped to $63.38 yesterday (Monday). At that level, the price of oil is now down more than 42% since September of 2013.

As this crude oil price chart shows, that's the fourth-largest bear market for oil in the last 30 years.

And while this isn't the biggest drop for oil, it is the longest bear market among the top five dips.

Here's the full story...