US crude oil fell below $27 a barrel on Wednesday. The lowest oil prices since 2003, explained oil traders everywhere to set prices for the many varieties of oil out there. Another one is Inflation-adjusted oil prices reached an all-time low in 1998 (lower than the price in 1946)! And then just ten years later in June 2008 Oil prices were at the all-time monthly high for crude oil (above the 1979-1980 prices) in real inflation adjusted terms (although not quite on an annual basis). Get the latest Brent Crude price (BZ:NMX) as well as the latest futures prices and other commodity market news at Nasdaq.