What is the price of crude oil in 1999?

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2026-02-06 11:25

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In 1999, the price of crude oil was relatively low due to a global oversupply and reduced demand. The average price for West Texas Intermediate (WTI) crude oil was around $17 per barrel for much of that year. This low price was a significant drop from previous years and reflected the economic conditions of the time. By the end of 1999, prices began to recover slightly as market conditions changed.

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