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Notably, the oil-price volatility of the last two years is not without precedent. The Goldman team also included a chart showing the 150-plus year timeline of oil prices (in 2014 US dollars ...

Despite low oil prices that averaged $54.45 per ... highest level of domestic crude oil output in 44 years, going back to April 1971 (see chart above). 2. US monthly oil output has been higher ...