Definition of vegetation. 1 : plant life or total plant cover (as of an area) 2 : the act or process of vegetating. 3 : inert existence.
In late July, markets reacted to a drop in oil prices. WTI crude oil price fell to $42.41 per barrel, the lowest price since mid-April, when it closed at $39.78. Futures dropped 12.2%. The Brent crude price per barrel was down 11% in late July.
WTI and Brent crude oil: average annual spot prices 1990-2014. Annual average WTI and Brent crude oil spot prices from 1990 to 2014 (U.S. dollars per barrel).This graph displays the spot price for West Texas Intermediate and Brent crudes between 1990 and 2014.In 2013, the average spot price for West Texas Intermediate crude oil came to just under 98 U.S. dollars per barrel.TI and Brent crude oil: average annual spot prices 1990-2014. Annual average WTI and Brent crude oil spot prices from 1990 to 2014 (U.S. dollars per barrel).