when did oil prices go above 120 dollars a barrel?

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from AI Overview

Oil prices have gone above $120 a barrel during a few major historical periods:

• Mid-2008 (Global Commodity Boom): WTI and Brent crude oil surged past $120, peaking at over $145–$147 per barrel in June and July 2008. 
2011–2012 (Arab Spring & Geopolitical Tensions): Brent and WTI prices rose above $120 per barrel amid supply concerns and Middle East unrest. 
April 2026 (Iran Conflict): Dated Brent crude oil surged past $140 a barrel, and WTI reached $114.58 with brief intraday/milestone spikes exceeding $120 during the 2026 Iran war and Strait of Hormuz disruptions. 

Would you like more details on a specific year's price chart or the economic factors behind one of these spikes?

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  Al Jazeera

  Could oil hit $200 a barrel? Analysts no longer think it is far-fetched

  Mar 19, 2026 — The highest Brent crude has ever reached is $147.50 per barrel at the height of the global financial crisis in 2008. In today's do...

  
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  Facebook·Democracy Now!

  Oil prices rose briefly above $120 a barrel on Thursday, driven ...

  Oil prices rose briefly above $120 a barrel on Thursday, driven by ongoing supply disruptions from the Iran war. That's the highes...

  

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Crude Oil Prices (1946-2026)

Macrotrends

https://www.macrotrends.net › crude-oil-price-history-chart

WTI crude oil is $103.22 per barrel as of October 23, 2026, Today's price is higher than on 96% of trading days since 1986.

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How oil prices have reacted to world events since the 1980s

World Economic Forum

https://www.weforum.org › stories › energy-transition

Apr 17, 2026 — From the mid-1980s to the start of the new millennium, a barrel of crude oil averaged $20. But by 2005, when global oil spare capacity was at ...

Missing: 120 ‎| Show results with: 120

World oil market chronology from 2003

Wikipedia

https://en.wikipedia.org › wiki › World_oil_market_chr...

From the mid-1980s to September 2003, The highest recorded price per barrel maximum of $147.02 was reached on July 11, 2008. exceeding $100 in 2011 and most of ...

Oil Price History Chart (Inflation-Adjusted) – 1946-Present

InflationData.com

https://inflationdata.com › Home › Inflation Adjusted Prices

Oct 14, 2026 — The highest inflation-adjusted oil price occurred in June 2008, equivalent to about $206 per barrel today. · The lowest modern price occurred ...