Oil Cut Five Cents A Barrel

May 8, 1909

Summary

Biggest oil price change occurs after 2 years of price stagnancy.

Transcription

Pittsburg, May 5. – A reduction of 5 cents a barrel was announced by the Standard Oil Company in the price of all grades of crude oil except ragland, which is unchanged. This is the first change in the Pennsylvania and most other grades since March 9, 1907, since which time the Pennsylvania crude has been quoted constantly at $1.78.
About this article

Location on Page

Lower Left Quadrant

Contributed By

Alan Banuchi

Citation

“Oil Cut Five Cents A Barrel,” Black Virginia: The Richmond Planet, 1894-1909, accessed January 22, 2018, https://blackvirginia.richmond.edu/items/show/1883.