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Article: North Slope spot price: a year in review: (May 2006 to April 2007).(Alaska Trends for June 2007)(Statistical table)
- Article from:
- Alaska Business Monthly
- Article date:
- June 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 Alaska Business Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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(May 2006 to April 2007)
The North Slope oil spot price varied significantly over the past year, with a difference of up to $18.88 as measured on a once-per-month basis. The highest price during the surveyed period of time came in during July 2006 at $72.24, while the lowest price occurred in October 2006 at $53.36. As of April 25, 2007, the current North Slope Spot Price was $66.22 per barrel, compared to $69.28 in April 2006. On a yearly basis this denotes a 4 percent decrease. However, since the low price of $53.36 in October 2006, the North Slope spot price has been steadily climbing, showing a continuous upward trend over the past six months. The 6 in ...