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Crude Oil is expected to trade at 83.56 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 89.27 in 12 months time.
The current price of WTI crude oil as of July 04, 2024 is $83.97 per barrel. Interactive chart showing the daily closing price for West Texas Intermediate (NYMEX) Crude Oil over the last 10 years. The prices shown are in U.S. dollars.
YearAverageclosing PriceYear OpenYear High2024$78.95$71.65$87.012023$77.64$80.26$93.842022$94.53$76.08$123.702021$68.17$47.62$84.65Dec 31, 2019 · In depth view into Crude Oil Price including historical data from 1861 to 2022, charts and stats. Crude Oil Price (I:COP) 82.64 USD/bbl for 2023
DateValueDecember 31, 202382.64December 31, 2022101.32December 31, 202170.91December 31, 202041.84- Energy
- 70.91
- 42.88%
The current price of Brent crude oil as of June 24, 2024 is $86.75 per barrel. Interactive daily chart of Brent (Europe) crude oil prices over the last ten years. Values shown are daily closing prices.
YearAverageclosing PriceYear OpenYear High2024$83.70$76.24$93.122023$82.49$80.36$97.102022$100.93$78.25$133.182021$70.86$50.37$85.76- World oil demand is set to contract by 110 kb/d y-o-y in 4Q22, reaching 100.8 mb/d, up by 130 kb/d compared with last month’s Report. Strong gasoil use in key consuming countries outweighs weak European and Asian petrochemical deliveries.
- World oil supply fell 190 kb/d in November to 101.7 mb/d, breaking a five-month uptrend, after Saudi Arabia and other Gulf countries curbed supply in line with lower OPEC+ output targets.
- Global refinery throughputs surged 2.2 mb/d in November to the highest since January 2020, resulting in sharply lower diesel and gasoline cracks and refinery margins.
- Russian oil exports increased by 270 kb/d to 8.1 mb/d, the highest since April as diesel exports rose by 300 kb/d to 1.1 mb/d. Crude oil loadings were largely unchanged m-o-m, even as shipments to the EU fell by 430 kb/d to 1.1 mb/d.
Feb 29, 2024 · The Average Crude Oil Spot Price calculates an equally weighted price of the WTI Crude Oil Price, Brent Crude Oil Price, and Dubai Crude Oil Price. This metric gives a nice overview of the broad crude oil market, rather than looking at one type of crude oil price alone.
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Brent crude oil is expected to trade at 86.91 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 92.32 in 12 months time.
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