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Data Starter: Oil price, 2021-2026

Elizabeth Veal

22nd May 2026

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How volatile has the oil price been in the past five years?

Using the 5Y TradingEconomics chart, do these data questions:

  1. Identify two significant features of the trend in oil prices since 2021.
  2. Calculate the percentage increase in the oil price between (a) Aug 16 2021 & May 30 2022 and (b) Dec 15 2025 & March 30 2026

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Elizabeth Veal

Liz has taught Economics for over 25 years, including several years as Head of Economics at leading schools.