Brent prices history

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Additional Information. Monthly average crude oil prices of the OPEC basket Skip to main content. The average annual price of Brent crude oil stood at This is according to preliminary data from January.

Brent prices history

Subscription Plans Features. Developer Docs Features. Already a user? App Store Google Play Twitter. Customers Investors Careers About us Contact. Summary Stats Forecast Alerts. Brent crude futures settled 1. Supplies have remained relatively tight due to OPEC's production cuts and sanctions slowing Russian exports. There are concerns about lagging demand from China, as oil imports fell approximately 5. Also, Federal Reserve Chair Jerome Powell's indication of potential interest rate adjustments bolstered the outlook for global growth and energy demand. Meanwhile, TC Energy Corp.

WTI oil prices amounted to

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The price of oil is the most important value on the international commodity markets. Crude oil is the most important commodity and emerging industrial markets such as China, India and Latin America greatly influence the price of oil, since they require more and more oil to support their economic growth and resulting rise in energy consumption. The supply of crude oil is limited, however, and cannot be increased further, since it has become increasingly difficult to find and develop new oil reserves in recent years. As a result, the price of oil has a strong influence on international economic development, since it is urgently needed in all industrialised countries when supplies are limited. There are different types of crude oil.

Brent prices history

Welcome to browse the page of Brent Crude History Price which shows the current Brent crude oil price and its fluctuation width, previous close price and open price, etc. It also shows the Brent crude price history charts. According to the Brent Crude Price History, we may Analysis what factors affected the Brent crude history price, and forecast the tendency of the future price. From the history charts, we can see that the price of Brent crude oil is never immutable. Like the price of gold , its price experiences wide price swings in times of shortage or oversupply. The price of crude oil may fluctuate violently affected by external factors, such as global macroeconomic conditions, political, war, market speculation, the value of the U.

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Basic Account. United Kingdom. Meanwhile, TC Energy Corp. The delivery point for crude oil futures is Cushing Hub in Oklahoma. TTF Gas. Supplementary notes. This is nearly 20 U. Trading Economics members can view, download and compare data from nearly countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. We Are Hiring. Historically, Crude Oil reached an all time high of Dollars per Barrel.

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Show source. Basic Account. Brent crude oil. Log in. Crude Oil. Trading Economics does not verify any data and disclaims any obligation to do so. Brent increased 4. Agricultural Commodities Updates: Cot Iron Ore. Starter Account. Business Solutions including all features. Premium Statistic Global oil production Premium Statistic Global oil consumption Heating Oil. However, since the financial crisis, many commercial developments have greatly contributed to price volatility; such as economic growth by BRIC countries like China and India, and the advent of hydraulic fracturing and horizontal drilling in the U. Features Questions?