Crude oil prices gained another 6% during November and closed the month at just over $57/barrel.  Prices briefly topped $59 near the end of the month and then receded slightly.  Prices have now increased 21% from the start of September.  The following graph shows the daily price movements over the past three months:

Crude oil prices posted a net gain of roughly 5% during October following an increase of approximately 10% back in September.  Prices started the month at just under $52/barrel and closed the month at just over $54.  The following graph shows the daily price movements over the past three months:

Crude oil prices increased by approximately 10% throughout September.  They started at just over $47/barrel and closed the month near $52.  The following graph shows the daily price movements over the past three months:   

August’s crude oil prices traded in a narrow range between the mid- to high-$40’s/barrel.  They opened the month just over $49 and closed the month just over $47.  The following graph shows the daily price movements over the past three months:

July’s oil prices closed the month at just over $50/barrel which was almost 10% higher than where they started the month.  Prices sagged during the first week of July but turned upward by the second week and continued climbing for the remainder of the month.  The following graph shows the daily price movements over the past three months:

Oil prices fell approximately 10% during June as the decline that began toward the end of May continued throughout the month.  Prices at the beginning of June were just over $48/barrel and decreased to $43 near the end of the month.  During the last few days of the month, prices managed to stage a comeback and ended the month at

May was a choppy month for oil prices which started just below $50/barrel and wound up almost in the same place by the end of the month.  The following graph shows the daily price movements over the past three months:   

  April was an active month for oil prices which started at just over $50/barrel, steadily climbed over $53 by mid-month, then fell back below $50 near the end of the month.  The following graph shows the daily price movements over the past three months:   

Oil prices continued to trade in a narrow range between $52 and $55 per barrel during February following a similar pattern for the past few months.  However, the overall price range has increased slightly compared to the previous months primarily because OPEC and other foreign countries are strongly adhering to the oil production cutbacks they agreed to back in November.