Current live crude oil prices are listed in the table below. Prices are in US dollars per barrel.
Oil Benchmark | Price ($US) | Updated |
---|---|---|
WTI Crude | 61.50 | February 26, 2021 |
Brent Crude | 66.13 | February 26, 2021 |
Oil prices given are the price of a barrel of benchmark crude oil. A barrel is 42 US gallons.
There are many types of crude oil. Buyers need an easy way to value crude oil, based on quality and location. These are oil benchmarks.
Major oil benchmarks are West Texas Intermediate (WTI) and Brent Crude.
West Texas Intermediate (WTI) Crude Oil Price Today - Barrel
The price of a barrel of West Texas Intermediate (WTI) crude oil is currently $61.50. The price was last updated at .
Prices for of a barrel of WTI crude oil over the last 30 trading days can be found here.
The average monthly price for a barrel of WTI crude oil in recent years can be found here.
WTI is a light, sweet oil. It is light because it has a low density, and sweet because it has a low sulphur content.
It is a high quality crude oil that can easily be refined.
In theory, WTI should be more expensive than Brent Crude (it is lighter and sweeter). However, each crude oil market is subject to unique supply and demand factors.
For example, use of techniques such as fracking in the US have led to significant increases in production of WTI oil. Increased supply leads to lower prices.
Brent Crude Oil Price Today - Barrel
The price of a barrel of Brent Crude oil is currently $66.13. a barrel. The price was last updated at .
Prices for of a barrel of Brent Crude oil over the last 30 trading days can be found here.
The average monthly price for a barrel of Brent Crude oil in recent years can be found here.
Brent Crude is a light (low density), sweet (low sulphur content) oil. However it is not as light or sweet as WTI.
Brent Crude is extracted from the North Sea of the Atlantic Ocean.
The price of Brent Crude is a leading oil benchmark. It is used to set the price of most of the world’s oil supplies.
Types of Oil
There are different types of crude oil. Some are more valuable than others.
The main criteria used to determine the quality of crude oil are density and sulphur content.
It is easier to make gasoline (petrol) and diesel from crude oil with a low density (light) and low sulphur content (sweet). Crude oils with these characteristics command higher prices.
Values for Brent Crude and WTI are shown in the table below. Both types have a low density and low sulphur content. There are many more types of crude oil, but Brent Crude and WTI are the main types used for benchmark pricing.
Brent Crude | WTI | |
---|---|---|
Density (API Gravity) | 38 | 39.6 |
Sulphur Content | 0.37% | 0.24% |
Extracted | North Sea, Europe | US oil fields |
Density
Density is one measurement used to classify types of crude oil. The common measurement scale used is American Petroleum Institute Gravity (API Gravity).
API Gravity is a measure of how heavy or light oil is compared to water.
Oil with an API Gravity of more than 10 is lighter than water and will float on water.
Oil with an API Gravity of less than 10 is heavier than water and will sink under water.
API Gravity is an inverse measurement. The denser an oil, the lower its API Gravity will be.
Light oils (lower density, higher API Gravity) are generally the most valuable because they require less processing to convert into valuable fuels.
Crude oils are classified on the basis of their API Gravity as extra heavy, heavy, medium, and light:
Type | API Gravity |
---|---|
Light | Greater than 31.1 |
Medium | 22.3 to 31.1 |
Heavy | 10 to 22.3 |
Extra Heavy | Less than 10 |
Sulphur Content
In addition to density, sulphur content is another factor determining the quality of crude oil.
Crude oil with a sulphur content more than 0.5% is called ‘sour’.
Crude oil with a sulphur content less than 0.5% is called ‘sweet’.
Excess sulphur needs to be removed from crude oils during refining. When sulphur in fuel is combusted it produces sulphur oxides.
Sulphur oxide emissions are a source of air pollution and are regulated in most countries.
The lower the sulphur content, the easier it is to refine to meet required standards. Sweet oils with lower sulphur content command higher prices.
Factors Influencing the Price of Oil
The price of oil is governed by the basic laws of economics; the law of supply and the law of demand. Other factors such as the value of the US dollar, liquidity of the financial markets, and speculation also play an important role.
All other things remaining equal, an increase in the supply of oil will cause the price of oil to fall. A decrease in the supply of oil will cause the price of oil to rise.
An increase in the demand for oil, will cause the price of oil to rise. A decrease in the demand for oil will cause the price of oil to fall.
Oil Supply
Factors such as geopolitical events, OPEC, technology, and capital investment can affect the supply of oil.
Geopolitics
Geopolitical events such as war and sanctions can affect the price of oil. They can cause actual disruptions in supply or create uncertainty.
Much of the world’s supply of crude oil is located in regions that are affected by geopolitical events.
Examples of geopolitical events that have affected the oil price include:
- 2018 – Donald Trump announced that the US was pulling out of the Iran nuclear deal and impose sanctions. Following the news, the price of Brent Crude and WTI increased.
- 1990 – Iraq invaded Kuwait. Both Iraq and Kuwait were OPEC members and significant oil producing countries. The loss of these supplies, plus the threat to oil production in Saudi Arabia, led to a huge increase in the price of oil.
- 1979 – Oil prices increased significantly due to the Iranian Revolution and the subsequent Iran-Iraq War. Strikes and social unrest led to a significant fall in production and a rise in the oil price. The situation worsened in 1980 with the outbreak of the Iran-Iraq War.
- 1973 – The Organisation of Arab Petroleum Exporting Countries (OAPEC) introduced significant production cuts and an oil embargo against the US and other countries that supported Israel in the 1973 Arab-Israeli War. This resulted in a significant rise in the price of oil. Fuel shortages led to rationing in the US and some other countries.
A fall in oil prices can also cause political upheaval. In many countries oil revenues account for a large proportion of government income. In such countries, a fall in the oil price often leads to reduced government spending on welfare and the military. This can lead to anti-government sentiment and civil unrest.
OPEC
The Organization of Petroleum Exporting Countries (OPEC) was set up in 1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela.
As of 2020, its members are Alegria, Angola, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Republic of the Congo, Saudi Arabia, the United Arab Emirates, and Venezuela.
Its stated mission is “to coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry.”
OPEC members produce almost half of the world’s oil and control more than three quarters of the world’s oil reserves.
OPEC has considerable influence over oil prices. When OPEC cuts production (supply), the oil price increases.
In recent years the influence of OPEC over the oil price has declined due to the emergence of the US as the world’s leading oil producer.
Technology
Advances in technology can lead to increases in the supply of oil and a reduction in the oil price.
One example is the widespread adoption of hydraulic fracturing (fracking) in the US. Use of this technology, together with horizontal drilling, has opened up oil supplies trapped in shale in Texas and elsewhere.
The shale boom has meant that the US is now the world’s leading producer of oil. This significant increase in supply has contributed to lower prices. It has also lessened the ability of OPEC to influence oil prices.
Capital Investment
Capital investment on exploration and production facilities affects future oil supplies.
Higher oil prices will lead to more spending on exploration and production facilities. This, in the long term, will lead to more supply and a reduction in the oil price.
Capital investment projects are long-term projects so the effects of changes in oil prices are delayed.
Demand for Oil
Factors such as economic cycles, GDP growth, population growth, and the development of alternative sources of energy and transportation can affect the demand for oil.
Forecasts, such as those by BP, predict that demand for oil will fall over the coming decades.
Economic Cycles
Demand for oil rises during periods of economic growth and falls during recessions.
The Global Financial Crisis (2007 -2008) triggered the Great Recession (2007 – 2009), the most severe economic depression since the Great Depression of the 1930s. The slowdown in industry lowered the demand for oil. The price of Brent Crude fell from around $130 in July 2008 to around $40 in December 2008.
In 2020 the COVID-19 Pandemic had a negative impact on the economies of most countries. Reduced demand led to a massive fall in the price of oil.
GDP Growth
As countries develop and increase their GDPs, their demand for oil and other sources of energy increases.
In recent years, the growing economies of countries such as China and India, have led to increased demand for oil.
The COVID-19 Pandemic had a detrimental effect on GDP growth in most countries. In September 2020 the OECD forecast that GDP would fall in all G20 countries with the exception of China.
GDP is expected to recover in 2021 but is still forecast to be below levels at the end of 2019. It will be well below what was projected before the outbreak of the disease.
Population Growth
The current population of the world is around 7.8 billion. The United Nations (UN) forecasts that the world population will be around 9.7 billion in 2050. More than half the growth is expected to occur in Africa.
All other things remaining equal, an increase in population, will lead to increased demand for oil.
Alternative Energy Sources and Transportation
Increased use of alternative energy such as solar and wind power will dampen the demand for oil.
Prices for renewable sources of energy are becoming more competitive with those for oil, gas, and coal. Recent years have seen massive investments in new wind and solar capacity.
In 2019, renewables met over 40% of the rising demand for energy around the world; the biggest of any source.
New solar and wind power sources accounted for almost 70% of new generating capacity added in 2019.
One of the driving forces behind this is the declining cost of solar equipment. The technology is now affordable, and widely available, for homes, businesses, and power grids.
Bhadla Solar Park, in India, is the world’s largest solar park. It has a capacity of 2.2 GW. The Mohammed bin Rashid Al Maktoum Solar Park in Dubai has a planned capacity of 5 GW once fully complete.
Massive wind farms are being built around the world. The Gansu Wind Farm, an onshore wind farm in China, has a planned capacity of 20 GW. Dogger Bank Wind Farm (capacity 3.6 GW) in the UK is expected to be the world’s largest offshore windfarm. In 2020 Boris Johnson pledged that offshore wind farms would power every home in the UK within a decade.
Gasoline consumption by cars is one of the primary drivers of oil demand. In recent years, petrol and diesel cars have become more fuel efficient, helping to reduce the demand for oil.
Although, only a small proportion of the cars around the world now are electric, the proportion is expected to increase significantly over the coming years. Many countries around the world have already set deadlines to outlaw the sale of new petrol and diesel vehicles. Electric vehicles will be increasingly powered by electricity generated by renewable sources of energy.
Efficient and reliable public transport systems reduce the demand for car travel and oil.
Examples in Dubai include the Dubai Metro (opened 2009) and Dubai Tram (opened 2014). In 2006 journeys made using public and shared transport was 6% of the total number of trips. By 2018 the proportion of journeys made using public and shared transport had risen to 17.5%.
West Texas Intermediate (WTI) Crude Oil – Historic Prices – 30 Trading Days
Historic prices (US dollars) for a barrel of WTI crude oil are listed in the table below:
Date | Price ($US) |
---|---|
Monday, 22nd February 2021 | 61.67 |
Friday, 19th February 2021 | 59.12 |
Thursday, 18th February 2021 | 60.40 |
Wednesday, 17th February 2021 | 61.09 |
Tuesday, 16th February 2021 | 60.07 |
Friday, 12th February 2021 | 59.50 |
Thursday, 11th February 2021 | 58.22 |
Wednesday, 10th February 2021 | 58.69 |
Tuesday, 9th February 2021 | 58.34 |
Monday, 8th February 2021 | 57.95 |
Friday, 5th February 2021 | 56.80 |
Thursday, 4th February 2021 | 56.19 |
Wednesday, 3rd February 2021 | 55.67 |
Tuesday, 2nd February 2021 | 54.77 |
Monday, 1st February 2021 | 53.55 |
Friday, 29th January 2021 | 52.16 |
Thursday, 28th January 2021 | 52.26 |
Wednesday, 27th January 2021 | 52.81 |
Tuesday, 26th January 2021 | 52.61 |
Monday, 25th January 2021 | 52.78 |
Friday, 22nd January 2021 | 52.28 |
Thursday, 21st January 2021 | 53.00 |
Wednesday, 20th January 2021 | 53.16 |
Tuesday, 19th January 2021 | 52.87 |
Friday, 15th January 2021 | 52.25 |
Thursday, 14th January 2021 | 53.47 |
Wednesday, 13th January 2021 | 52.81 |
Tuesday, 12th January 2021 | 53.08 |
Monday, 11th January 2021 | 52.15 |
Friday, 8th January 2021 | 52.14 |
Thursday, 7th January 2021 | 50.63 |
West Texas Intermediate (WTI) Crude Oil Prices By Month
Historic average monthly prices (US dollars) for a barrel of WTI crude oil are listed in the table below:
Month | Price ($US) |
---|---|
January 2021 | 52.00 |
December 2020 | 47.02 |
November 2020 | 40.94 |
October 2020 | 39.40 |
September 2020 | 39.63 |
August 2020 | 42.34 |
July 2020 | 40.71 |
June 2020 | 38.31 |
May 2020 | 28.56 |
April 2020 | 16.55 |
March 2020 | 29.21 |
February 2020 | 50.54 |
January 2020 | 57.52 |
December 2019 | 59.88 |
November 2019 | 57.03 |
October 2019 | 53.96 |
September 2019 | 56.95 |
August 2019 | 54.81 |
July 2019 | 57.35 |
June 2019 | 54.66 |
May 2019 | 60.83 |
April 2019 | 63.86 |
March 2019 | 58.15 |
February 2019 | 54.95 |
January 2019 | 51.38 |
December 2018 | 49.52 |
November 2018 | 56.96 |
October 2018 | 70.75 |
September 2018 | 70.23 |
August 2018 | 68.06 |
July 2018 | 70.98 |
June 2018 | 67.87 |
May 2018 | 69.98 |
April 2018 | 66.25 |
March 2018 | 62.73 |
February 2018 | 62.23 |
January 2018 | 63.70 |
December 2017 | 57.88 |
November 2017 | 56.64 |
October 2017 | 51.58 |
September 2017 | 49.82 |
August 2017 | 48.04 |
July 2017 | 46.63 |
June 2017 | 45.18 |
May 2017 | 48.48 |
April 2017 | 51.06 |
March 2017 | 49.33 |
February 2017 | 53.47 |
January 2017 | 52.50 |
December 2016 | 51.97 |
November 2016 | 45.66 |
October 2016 | 49.78 |
September 2016 | 45.18 |
August 2016 | 44.72 |
July 2016 | 44.65 |
June 2016 | 48.76 |
May 2016 | 46.71 |
April 2016 | 40.75 |
March 2016 | 37.55 |
February 2016 | 30.32 |
January 2016 | 31.68 |
December 2015 | 37.19 |
November 2015 | 42.44 |
October 2015 | 46.22 |
September 2015 | 45.48 |
August 2015 | 42.87 |
July 2015 | 50.90 |
June 2015 | 59.82 |
May 2015 | 59.27 |
April 2015 | 54.45 |
March 2015 | 47.82 |
February 2015 | 50.58 |
January 2015 | 47.22 |
December 2014 | 59.29 |
November 2014 | 75.79 |
October 2014 | 84.40 |
September 2014 | 93.21 |
August 2014 | 96.54 |
July 2014 | 103.59 |
June 2014 | 105.79 |
May 2014 | 102.18 |
April 2014 | 102.07 |
March 2014 | 100.80 |
February 2014 | 100.82 |
January 2014 | 94.62 |
December 2013 | 97.63 |
November 2013 | 93.86 |
October 2013 | 100.54 |
September 2013 | 106.29 |
August 2013 | 106.57 |
July 2013 | 104.67 |
June 2013 | 95.77 |
May 2013 | 94.51 |
April 2013 | 92.02 |
March 2013 | 92.94 |
February 2013 | 95.31 |
January 2013 | 94.76 |
December 2012 | 87.86 |
November 2012 | 86.53 |
October 2012 | 89.49 |
September 2012 | 94.51 |
August 2012 | 94.13 |
July 2012 | 87.90 |
June 2012 | 82.30 |
May 2012 | 94.66 |
April 2012 | 103.32 |
March 2012 | 106.16 |
February 2012 | 102.20 |
January 2012 | 100.27 |
December 2011 | 98.56 |
November 2011 | 97.16 |
October 2011 | 86.32 |
September 2011 | 85.52 |
August 2011 | 86.33 |
July 2011 | 97.30 |
June 2011 | 96.26 |
May 2011 | 100.90 |
April 2011 | 109.53 |
March 2011 | 102.86 |
February 2011 | 88.58 |
January 2011 | 89.17 |
December 2010 | 89.15 |
November 2010 | 84.25 |
October 2010 | 81.89 |
September 2010 | 75.24 |
August 2010 | 76.60 |
July 2010 | 76.32 |
June 2010 | 75.34 |
May 2010 | 73.74 |
April 2010 | 84.29 |
March 2010 | 81.20 |
February 2010 | 76.39 |
January 2010 | 78.33 |
December 2009 | 74.47 |
November 2009 | 77.99 |
October 2009 | 75.72 |
September 2009 | 69.41 |
August 2009 | 71.05 |
July 2009 | 64.15 |
June 2009 | 69.64 |
May 2009 | 59.03 |
April 2009 | 49.65 |
March 2009 | 47.94 |
February 2009 | 39.09 |
January 2009 | 41.71 |
December 2008 | 41.12 |
November 2008 | 57.31 |
October 2008 | 76.61 |
September 2008 | 104.11 |
August 2008 | 116.67 |
July 2008 | 133.37 |
June 2008 | 133.88 |
May 2008 | 125.40 |
April 2008 | 112.58 |
March 2008 | 105.45 |
February 2008 | 95.39 |
January 2008 | 92.97 |
December 2007 | 91.69 |
November 2007 | 94.77 |
October 2007 | 85.80 |
September 2007 | 79.92 |
August 2007 | 72.36 |
July 2007 | 74.12 |
June 2007 | 67.49 |
May 2007 | 63.46 |
April 2007 | 63.98 |
March 2007 | 60.44 |
February 2007 | 59.28 |
January 2007 | 54.51 |
December 2006 | 61.96 |
November 2006 | 59.08 |
October 2006 | 58.89 |
September 2006 | 63.80 |
August 2006 | 73.04 |
July 2006 | 74.41 |
June 2006 | 70.95 |
May 2006 | 70.84 |
April 2006 | 69.44 |
March 2006 | 62.69 |
February 2006 | 61.63 |
January 2006 | 65.49 |
December 2005 | 59.41 |
November 2005 | 58.32 |
October 2005 | 62.26 |
September 2005 | 65.59 |
August 2005 | 64.99 |
July 2005 | 59.00 |
June 2005 | 56.35 |
May 2005 | 49.83 |
April 2005 | 52.98 |
March 2005 | 54.19 |
February 2005 | 48.15 |
January 2005 | 46.84 |
December 2004 | 43.15 |
November 2004 | 48.47 |
October 2004 | 53.28 |
September 2004 | 45.94 |
August 2004 | 44.90 |
July 2004 | 40.78 |
June 2004 | 38.03 |
May 2004 | 40.28 |
April 2004 | 36.75 |
March 2004 | 36.74 |
February 2004 | 34.69 |
January 2004 | 34.31 |
December 2003 | 32.13 |
November 2003 | 31.11 |
October 2003 | 30.34 |
September 2003 | 28.31 |
August 2003 | 31.57 |
July 2003 | 30.76 |
June 2003 | 30.66 |
May 2003 | 28.11 |
April 2003 | 28.17 |
March 2003 | 33.51 |
February 2003 | 35.83 |
January 2003 | 32.95 |
December 2002 | 29.46 |
November 2002 | 26.35 |
October 2002 | 28.84 |
September 2002 | 29.66 |
August 2002 | 28.39 |
July 2002 | 26.97 |
June 2002 | 25.52 |
May 2002 | 27.04 |
April 2002 | 26.18 |
March 2002 | 24.53 |
February 2002 | 20.72 |
January 2002 | 19.72 |
December 2001 | 19.39 |
November 2001 | 19.64 |
October 2001 | 22.17 |
September 2001 | 26.20 |
August 2001 | 27.37 |
July 2001 | 26.43 |
June 2001 | 27.60 |
May 2001 | 28.63 |
April 2001 | 27.49 |
March 2001 | 27.25 |
February 2001 | 29.61 |
January 2001 | 29.59 |
December 2000 | 28.44 |
November 2000 | 34.42 |
October 2000 | 33.11 |
September 2000 | 33.88 |
August 2000 | 31.26 |
July 2000 | 29.70 |
June 2000 | 31.82 |
May 2000 | 28.79 |
April 2000 | 25.72 |
March 2000 | 29.84 |
February 2000 | 29.37 |
January 2000 | 27.26 |
December 1999 | 26.10 |
November 1999 | 25.00 |
October 1999 | 22.69 |
September 1999 | 23.80 |
August 1999 | 21.28 |
July 1999 | 20.10 |
June 1999 | 17.92 |
May 1999 | 17.72 |
April 1999 | 17.31 |
March 1999 | 14.68 |
February 1999 | 12.01 |
January 1999 | 12.52 |
December 1998 | 11.35 |
November 1998 | 13.00 |
October 1998 | 14.46 |
September 1998 | 15.03 |
August 1998 | 13.47 |
July 1998 | 14.17 |
June 1998 | 13.72 |
May 1998 | 14.91 |
April 1998 | 15.35 |
March 1998 | 15.12 |
February 1998 | 16.06 |
January 1998 | 16.72 |
December 1997 | 18.33 |
November 1997 | 20.19 |
October 1997 | 21.33 |
September 1997 | 19.80 |
August 1997 | 19.95 |
July 1997 | 19.66 |
June 1997 | 19.26 |
May 1997 | 20.82 |
April 1997 | 19.70 |
March 1997 | 20.97 |
February 1997 | 22.18 |
January 1997 | 25.13 |
December 1996 | 25.23 |
November 1996 | 23.71 |
October 1996 | 24.88 |
September 1996 | 23.97 |
August 1996 | 21.90 |
July 1996 | 21.30 |
June 1996 | 20.42 |
May 1996 | 21.17 |
April 1996 | 23.50 |
March 1996 | 21.33 |
February 1996 | 19.09 |
January 1996 | 18.86 |
December 1995 | 19.03 |
November 1995 | 17.99 |
October 1995 | 17.43 |
September 1995 | 18.23 |
August 1995 | 18.02 |
July 1995 | 17.33 |
June 1995 | 18.45 |
May 1995 | 19.74 |
April 1995 | 19.90 |
March 1995 | 18.54 |
February 1995 | 18.57 |
January 1995 | 18.04 |
December 1994 | 17.16 |
November 1994 | 18.07 |
October 1994 | 17.72 |
September 1994 | 17.45 |
August 1994 | 18.38 |
July 1994 | 19.66 |
June 1994 | 19.06 |
May 1994 | 17.89 |
April 1994 | 16.42 |
March 1994 | 14.68 |
February 1994 | 14.78 |
January 1994 | 15.03 |
December 1993 | 14.52 |
November 1993 | 16.61 |
October 1993 | 18.15 |
September 1993 | 17.50 |
August 1993 | 18.01 |
July 1993 | 17.89 |
June 1993 | 19.09 |
May 1993 | 19.95 |
April 1993 | 20.25 |
March 1993 | 20.32 |
February 1993 | 20.09 |
January 1993 | 19.03 |
December 1992 | 19.41 |
November 1992 | 20.34 |
October 1992 | 21.69 |
September 1992 | 21.88 |
August 1992 | 21.34 |
July 1992 | 21.78 |
June 1992 | 22.39 |
May 1992 | 20.98 |
April 1992 | 20.23 |
March 1992 | 18.92 |
February 1992 | 19.01 |
January 1992 | 18.79 |
December 1991 | 19.50 |
November 1991 | 22.46 |
October 1991 | 23.23 |
September 1991 | 21.89 |
August 1991 | 21.69 |
July 1991 | 21.40 |
June 1991 | 20.19 |
May 1991 | 21.23 |
April 1991 | 20.83 |
March 1991 | 19.90 |
February 1991 | 20.48 |
January 1991 | 25.23 |
December 1990 | 27.28 |
November 1990 | 32.33 |
October 1990 | 36.04 |
September 1990 | 33.51 |
August 1990 | 27.31 |
July 1990 | 18.45 |
June 1990 | 16.70 |
May 1990 | 18.20 |
April 1990 | 18.43 |
March 1990 | 20.39 |
February 1990 | 22.11 |
January 1990 | 22.86 |
December 1989 | 21.10 |
November 1989 | 19.86 |
October 1989 | 20.10 |
September 1989 | 19.59 |
August 1989 | 18.58 |
July 1989 | 19.78 |
June 1989 | 20.05 |
May 1989 | 20.12 |
April 1989 | 21.07 |
March 1989 | 19.48 |
February 1989 | 17.94 |
January 1989 | 18.02 |
December 1988 | 16.38 |
November 1988 | 14.14 |
October 1988 | 13.77 |
September 1988 | 14.54 |
August 1988 | 15.52 |
July 1988 | 15.50 |
June 1988 | 16.53 |
May 1988 | 17.42 |
April 1988 | 17.86 |
March 1988 | 16.20 |
February 1988 | 16.80 |
January 1988 | 17.13 |
December 1987 | 17.28 |
November 1987 | 18.85 |
October 1987 | 19.86 |
September 1987 | 19.53 |
Brent Crude Oil – Historic Prices – 30 Trading Days
Historic prices (US dollars) for a barrel of Brent Crude oil are listed in the table below:
Date | Price ($US) |
---|---|
Monday, 22nd February 2021 | 64.73 |
Friday, 19th February 2021 | 62.84 |
Thursday, 18th February 2021 | 64.09 |
Wednesday, 17th February 2021 | 65.02 |
Tuesday, 16th February 2021 | 63.96 |
Monday, 15th February 2021 | 63.58 |
Friday, 12th February 2021 | 62.47 |
Thursday, 11th February 2021 | 61.09 |
Wednesday, 10th February 2021 | 61.17 |
Tuesday, 9th February 2021 | 60.74 |
Monday, 8th February 2021 | 60.17 |
Friday, 5th February 2021 | 59.48 |
Thursday, 4th February 2021 | 58.98 |
Wednesday, 3rd February 2021 | 58.61 |
Tuesday, 2nd February 2021 | 57.62 |
Monday, 1st February 2021 | 56.42 |
Friday, 29th January 2021 | 55.25 |
Thursday, 28th January 2021 | 54.87 |
Wednesday, 27th January 2021 | 55.07 |
Tuesday, 26th January 2021 | 55.26 |
Monday, 25th January 2021 | 55.44 |
Friday, 22nd January 2021 | 55.22 |
Thursday, 21st January 2021 | 55.68 |
Wednesday, 20th January 2021 | 55.66 |
Tuesday, 19th January 2021 | 55.38 |
Monday, 18th January 2021 | 54.21 |
Friday, 15th January 2021 | 54.80 |
Thursday, 14th January 2021 | 55.76 |
Wednesday, 13th January 2021 | 55.52 |
Tuesday, 12th January 2021 | 55.98 |
Monday, 11th January 2021 | 54.84 |
Brent Crude Oil Prices By Month
Historic average monthly prices (US dollars) for a barrel of Brent Crude oil are listed in the table below:
Month | Price ($US) |
---|---|
January 2021 | 54.77 |
December 2020 | 49.99 |
November 2020 | 42.69 |
October 2020 | 40.19 |
September 2020 | 40.91 |
August 2020 | 44.74 |
July 2020 | 43.24 |
June 2020 | 40.27 |
May 2020 | 29.38 |
April 2020 | 18.38 |
March 2020 | 32.01 |
February 2020 | 55.66 |
January 2020 | 63.65 |
December 2019 | 67.31 |
November 2019 | 63.21 |
October 2019 | 59.71 |
September 2019 | 62.83 |
August 2019 | 59.04 |
July 2019 | 63.92 |
June 2019 | 64.22 |
May 2019 | 71.32 |
April 2019 | 71.23 |
March 2019 | 66.14 |
February 2019 | 63.96 |
January 2019 | 59.41 |
December 2018 | 57.36 |
November 2018 | 64.75 |
October 2018 | 81.03 |
September 2018 | 78.89 |
August 2018 | 72.53 |
July 2018 | 74.25 |
June 2018 | 74.41 |
May 2018 | 76.98 |
April 2018 | 72.11 |
March 2018 | 66.02 |
February 2018 | 65.32 |
January 2018 | 69.08 |
December 2017 | 64.37 |
November 2017 | 62.71 |
October 2017 | 57.51 |
September 2017 | 56.15 |
August 2017 | 51.70 |
July 2017 | 48.48 |
June 2017 | 46.37 |
May 2017 | 50.33 |
April 2017 | 52.31 |
March 2017 | 51.59 |
February 2017 | 54.87 |
January 2017 | 54.58 |
December 2016 | 53.31 |
November 2016 | 44.73 |
October 2016 | 49.52 |
September 2016 | 46.57 |
August 2016 | 45.84 |
July 2016 | 44.95 |
June 2016 | 48.25 |
May 2016 | 46.74 |
April 2016 | 41.58 |
March 2016 | 38.21 |
February 2016 | 32.18 |
January 2016 | 30.70 |
December 2015 | 38.01 |
November 2015 | 44.27 |
October 2015 | 48.43 |
September 2015 | 47.62 |
August 2015 | 46.52 |
July 2015 | 56.56 |
June 2015 | 61.48 |
May 2015 | 64.08 |
April 2015 | 59.52 |
March 2015 | 55.89 |
February 2015 | 58.10 |
January 2015 | 47.76 |
December 2014 | 62.34 |
November 2014 | 79.44 |
October 2014 | 87.43 |
September 2014 | 97.09 |
August 2014 | 101.61 |
July 2014 | 106.77 |
June 2014 | 111.80 |
May 2014 | 109.54 |
April 2014 | 107.76 |
March 2014 | 107.48 |
February 2014 | 108.90 |
January 2014 | 108.12 |
December 2013 | 110.76 |
November 2013 | 107.79 |
October 2013 | 109.08 |
September 2013 | 111.60 |
August 2013 | 111.28 |
July 2013 | 107.93 |
June 2013 | 102.92 |
May 2013 | 102.56 |
April 2013 | 102.25 |
March 2013 | 108.47 |
February 2013 | 116.05 |
January 2013 | 112.96 |
December 2012 | 109.49 |
November 2012 | 109.06 |
October 2012 | 111.71 |
September 2012 | 112.86 |
August 2012 | 113.36 |
July 2012 | 102.62 |
June 2012 | 95.16 |
May 2012 | 110.34 |
April 2012 | 119.75 |
March 2012 | 125.45 |
February 2012 | 119.33 |
January 2012 | 110.69 |
December 2011 | 107.87 |
November 2011 | 110.77 |
October 2011 | 109.55 |
September 2011 | 112.83 |
August 2011 | 110.22 |
July 2011 | 116.97 |
June 2011 | 113.83 |
May 2011 | 114.99 |
April 2011 | 123.26 |
March 2011 | 114.64 |
February 2011 | 103.72 |
January 2011 | 96.52 |
December 2010 | 91.45 |
November 2010 | 85.28 |
October 2010 | 82.67 |
September 2010 | 77.84 |
August 2010 | 77.04 |
July 2010 | 75.58 |
June 2010 | 74.76 |
May 2010 | 75.95 |
April 2010 | 84.82 |
March 2010 | 78.83 |
February 2010 | 73.75 |
January 2010 | 76.17 |
December 2009 | 74.46 |
November 2009 | 76.66 |
October 2009 | 72.77 |
September 2009 | 67.65 |
August 2009 | 72.51 |
July 2009 | 64.44 |
June 2009 | 68.61 |
May 2009 | 57.30 |
April 2009 | 50.18 |
March 2009 | 46.54 |
February 2009 | 43.32 |
January 2009 | 43.44 |
December 2008 | 39.95 |
November 2008 | 52.45 |
October 2008 | 71.58 |
September 2008 | 97.23 |
August 2008 | 113.24 |
July 2008 | 132.72 |
June 2008 | 132.32 |
May 2008 | 122.80 |
April 2008 | 109.07 |
March 2008 | 103.64 |
February 2008 | 94.99 |
January 2008 | 92.18 |
December 2007 | 90.93 |
November 2007 | 92.41 |
October 2007 | 82.34 |
September 2007 | 77.17 |
August 2007 | 70.76 |
July 2007 | 76.93 |
June 2007 | 71.05 |
May 2007 | 67.21 |
April 2007 | 67.49 |
March 2007 | 62.05 |
February 2007 | 57.56 |
January 2007 | 53.68 |
December 2006 | 62.47 |
November 2006 | 58.76 |
October 2006 | 57.81 |
September 2006 | 61.96 |
August 2006 | 73.23 |
July 2006 | 73.67 |
June 2006 | 68.56 |
May 2006 | 69.78 |
April 2006 | 70.26 |
March 2006 | 62.06 |
February 2006 | 60.21 |
January 2006 | 62.99 |
December 2005 | 56.86 |
November 2005 | 55.24 |
October 2005 | 58.54 |
September 2005 | 62.91 |
August 2005 | 63.98 |
July 2005 | 57.52 |
June 2005 | 54.35 |
May 2005 | 48.65 |
April 2005 | 51.88 |
March 2005 | 53.10 |
February 2005 | 45.48 |
January 2005 | 44.51 |
December 2004 | 39.60 |
November 2004 | 43.11 |
October 2004 | 49.78 |
September 2004 | 43.20 |
August 2004 | 42.74 |
July 2004 | 38.22 |
June 2004 | 35.18 |
May 2004 | 37.57 |
April 2004 | 33.59 |
March 2004 | 33.63 |
February 2004 | 30.86 |
January 2004 | 31.28 |
December 2003 | 29.81 |
November 2003 | 28.75 |
October 2003 | 29.61 |
September 2003 | 27.11 |
August 2003 | 29.89 |
July 2003 | 28.35 |
June 2003 | 27.65 |
May 2003 | 25.86 |
April 2003 | 25.00 |
March 2003 | 30.61 |
February 2003 | 32.77 |
January 2003 | 31.18 |
December 2002 | 28.33 |
November 2002 | 24.34 |
October 2002 | 27.54 |
September 2002 | 28.40 |
August 2002 | 26.65 |
July 2002 | 25.74 |
June 2002 | 24.08 |
May 2002 | 25.35 |
April 2002 | 25.73 |
March 2002 | 23.70 |
February 2002 | 20.28 |
January 2002 | 19.42 |
December 2001 | 18.71 |
November 2001 | 18.80 |
October 2001 | 20.54 |
September 2001 | 25.62 |
August 2001 | 25.68 |
July 2001 | 24.61 |
June 2001 | 27.85 |
May 2001 | 28.31 |
April 2001 | 25.66 |
March 2001 | 24.50 |
February 2001 | 27.50 |
January 2001 | 25.62 |
December 2000 | 25.66 |
November 2000 | 32.55 |
October 2000 | 30.96 |
September 2000 | 33.14 |
August 2000 | 30.20 |
July 2000 | 28.68 |
June 2000 | 29.80 |
May 2000 | 27.74 |
April 2000 | 22.76 |
March 2000 | 27.49 |
February 2000 | 27.78 |
January 2000 | 25.51 |
December 1999 | 25.47 |
November 1999 | 24.58 |
October 1999 | 22.00 |
September 1999 | 22.54 |
August 1999 | 20.22 |
July 1999 | 19.08 |
June 1999 | 15.86 |
May 1999 | 15.23 |
April 1999 | 15.29 |
March 1999 | 12.51 |
February 1999 | 10.27 |
January 1999 | 11.11 |
December 1998 | 9.82 |
November 1998 | 11.04 |
October 1998 | 12.70 |
September 1998 | 13.34 |
August 1998 | 11.91 |
July 1998 | 12.08 |
June 1998 | 12.21 |
May 1998 | 14.36 |
April 1998 | 13.53 |
March 1998 | 13.10 |
February 1998 | 14.07 |
January 1998 | 15.19 |
December 1997 | 17.18 |
November 1997 | 19.17 |
October 1997 | 19.87 |
September 1997 | 18.46 |
August 1997 | 18.60 |
July 1997 | 18.46 |
June 1997 | 17.58 |
May 1997 | 19.02 |
April 1997 | 17.56 |
March 1997 | 19.13 |
February 1997 | 20.85 |
January 1997 | 23.54 |
December 1996 | 23.78 |
November 1996 | 22.76 |
October 1996 | 24.16 |
September 1996 | 22.63 |
August 1996 | 20.51 |
July 1996 | 19.57 |
June 1996 | 18.46 |
May 1996 | 19.15 |
April 1996 | 20.90 |
March 1996 | 19.85 |
February 1996 | 18.00 |
January 1996 | 17.85 |
December 1995 | 17.93 |
November 1995 | 16.86 |
October 1995 | 16.11 |
September 1995 | 16.70 |
August 1995 | 16.10 |
July 1995 | 15.85 |
June 1995 | 17.31 |
May 1995 | 18.35 |
April 1995 | 18.65 |
March 1995 | 17.01 |
February 1995 | 17.11 |
January 1995 | 16.55 |
December 1994 | 15.93 |
November 1994 | 17.19 |
October 1994 | 16.49 |
September 1994 | 15.90 |
August 1994 | 16.89 |
July 1994 | 17.60 |
June 1994 | 16.76 |
May 1994 | 16.19 |
April 1994 | 15.23 |
March 1994 | 13.82 |
February 1994 | 13.80 |
January 1994 | 14.29 |
December 1993 | 13.73 |
November 1993 | 15.20 |
October 1993 | 16.61 |
September 1993 | 16.01 |
August 1993 | 16.70 |
July 1993 | 16.78 |
June 1993 | 17.65 |
May 1993 | 18.51 |
April 1993 | 18.67 |
March 1993 | 18.79 |
February 1993 | 18.47 |
January 1993 | 17.39 |
December 1992 | 18.14 |
November 1992 | 19.21 |
October 1992 | 20.26 |
September 1992 | 20.27 |
August 1992 | 19.74 |
July 1992 | 20.24 |
June 1992 | 21.16 |
May 1992 | 19.89 |
April 1992 | 18.92 |
March 1992 | 17.63 |
February 1992 | 18.05 |
January 1992 | 18.16 |
December 1991 | 18.41 |
November 1991 | 21.11 |
October 1991 | 22.21 |
September 1991 | 20.50 |
August 1991 | 19.77 |
July 1991 | 19.40 |
June 1991 | 18.17 |
May 1991 | 19.19 |
April 1991 | 19.18 |
March 1991 | 19.08 |
February 1991 | 19.54 |
January 1991 | 23.57 |
December 1990 | 28.27 |
November 1990 | 33.07 |
October 1990 | 36.02 |
September 1990 | 34.90 |
August 1990 | 27.17 |
July 1990 | 17.17 |
June 1990 | 15.10 |
May 1990 | 16.35 |
April 1990 | 16.61 |
March 1990 | 18.39 |
February 1990 | 19.81 |
January 1990 | 21.25 |
December 1989 | 19.84 |
November 1989 | 18.73 |
October 1989 | 18.91 |
September 1989 | 17.77 |
August 1989 | 16.77 |
July 1989 | 17.62 |
June 1989 | 17.67 |
May 1989 | 18.63 |
April 1989 | 20.32 |
March 1989 | 18.70 |
February 1989 | 16.89 |
January 1989 | 17.17 |
December 1988 | 15.31 |
November 1988 | 13.02 |
October 1988 | 12.41 |
September 1988 | 13.18 |
August 1988 | 14.89 |
July 1988 | 14.91 |
June 1988 | 15.54 |
May 1988 | 16.31 |
April 1988 | 16.60 |
March 1988 | 14.73 |
February 1988 | 15.73 |
January 1988 | 16.75 |
December 1987 | 17.05 |
November 1987 | 17.78 |
October 1987 | 18.76 |
September 1987 | 18.31 |