The real-time price of Brent crude oil is at $76.11 per barrel, and the price of WTI crude oil is at $72.87 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in ...

An oil-exporting country’s “fiscal breakeven” oil price is the minimum price per barrel that the country needs in order to meet its expected spending needs while balancing its budget (figure 1).