October 05, 2018
BA-DA-BOOM — The price of an OPEC barrel just topped $80 last week. The last time an OPEC barrel sold for more than $80 was November 3, 2014, almost four years ago., As the monthly chart below shows, the price of an OPEC has been climbing fairly consistently, if not dramatically, since bottoming out at $22.48 on January 20, 2016.