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Brent crude oil futures rose to around $73.5 per barrel on Thursday, as heightened geopolitical risks outweighed concerns over growing US crude supplies. On Wednesday, Ukraine launched Western-supplied long-range weapons for the second time, a day after President Putin approved an updated nuclear doctrine that expands the conditions for using nuclear weapons.
Jan 4, 2023 · The WTI price followed a similar path as the Brent crude oil price in 2022, averaging $5/b less than the Brent crude oil price, compared with $3/b less in 2021. The Brent-WTI crude oil spread (the difference between the two prices) increased in 2022 relative to 2021 because European countries needed to replace crude oil supplies they were importing from Russia with crude oil from another source.
Interactive daily chart of Brent (Europe) crude oil prices over the last ten years. Values shown are daily closing prices. The current price of Brent crude oil as of November 18, 2024 is $74.35 per barrel.
Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. The current month is updated on an hourly basis with today's latest value.
YearAverageclosing PriceYear OpenYear High2024$76.67$71.65$87.012023$77.64$80.26$93.842022$94.53$76.08$123.702021$68.17$47.62$84.65Crude Oil decreased 1.46 USD/BBL or 2.04% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Crude Oil reached an all time high of 147.27 in July of 2008. Crude Oil - data, forecasts, historical chart - was last updated on November 21 of 2024.
Jul 10, 2024 · Over the past 20 months, Brent crude prices have largely traded in a $75-$90 range reflecting the impact of OPEC+ supply management and uncertainty over global oil demand growth. 2020 2021 2022 ...
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The commodity of crude oil is by far the world’s most important energy source and the price of oil therefore plays an important role in industrial and economic development.