![Fact #986, July 17, 2017: The Price of a Barrel of Crude Oil in 2016 Was the Lowest Since 2003 | Department of Energy Fact #986, July 17, 2017: The Price of a Barrel of Crude Oil in 2016 Was the Lowest Since 2003 | Department of Energy](https://www.energy.gov/sites/default/files/styles/full_article_width/public/2017/07/f35/fotw986.png?itok=o4kBum_3)
Fact #986, July 17, 2017: The Price of a Barrel of Crude Oil in 2016 Was the Lowest Since 2003 | Department of Energy
![President Biden on Twitter: "Oil prices are decreasing, gas prices should too. Last time oil was $96 a barrel, gas was $3.62 a gallon. Now it's $4.31. Oil and gas companies shouldn't President Biden on Twitter: "Oil prices are decreasing, gas prices should too. Last time oil was $96 a barrel, gas was $3.62 a gallon. Now it's $4.31. Oil and gas companies shouldn't](https://pbs.twimg.com/media/FN-LMExWUAA-uzC.png:large)
President Biden on Twitter: "Oil prices are decreasing, gas prices should too. Last time oil was $96 a barrel, gas was $3.62 a gallon. Now it's $4.31. Oil and gas companies shouldn't
![Russian Invasion Pushes Oil Prices to 10-Year High – BRINK – Conversations and Insights on Global Business Russian Invasion Pushes Oil Prices to 10-Year High – BRINK – Conversations and Insights on Global Business](https://www.brinknews.com/wp-content/uploads/2022/03/Screen-Shot-2022-03-07-at-7.07.22-PM-e1646759687438-1600x0-c-default.png)
Russian Invasion Pushes Oil Prices to 10-Year High – BRINK – Conversations and Insights on Global Business
![Crude oil prices could hit $50 per barrel or higher by year's end, analysts say | S&P Global Market Intelligence Crude oil prices could hit $50 per barrel or higher by year's end, analysts say | S&P Global Market Intelligence](https://www.snl.com/articles/404276376.png)