Brent prices history

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Brent prices history

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. This is nearly 20 U. Brent is the world's leading price benchmark for Atlantic basin crude oils. Crude oil is one of the most closely observed commodity prices as it influences costs across all stages of the production process and consequently alters the price of consumer goods as well. What determines crude oil benchmarks? In the past decade, crude oil prices have been especially volatile. Their inherent inelasticity regarding short-term changes in demand and supply mean that oil prices are erratic by nature. 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. The outbreak of the coronavirus pandemic and the Russia-Ukraine war are examples of geopolitical events dictating prices.

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The average annual price of Brent crude oil stood at This is according to preliminary data from February. This is nearly 20 U. Brent is the world's leading price benchmark for Atlantic basin crude oils. Crude oil is one of the most closely observed commodity prices as it influences costs across all stages of the production process and consequently alters the price of consumer goods as well. In the past decade, crude oil prices have been especially volatile.

Brent prices history

For more data, Barchart Premier members can download historical Intraday, Daily, Weekly, Monthly or Quarterly data on the Crude Oil Brent Historical Download tab, and can download additional underlying chart data and study values using the Interactive Charts. Your browser of choice has not been tested for use with Barchart. If you have issues, please download one of the browsers listed here. Screen on your Watchlists and Portfolios with Barchart Plus.

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Customers Investors Careers About us Contact. The delivery point for crude oil futures is Cushing Hub in Oklahoma. South Africa. Goldman Sachs. Subscription Plans Features. Crude Oil is expected to trade at In Statista. Dollars per Barrel. Heating Oil. Economic Calendar. Skip to main content. Heating Oil. Contact us Already a Member?

For more data, Barchart Premier members can download historical Intraday, Daily, Weekly, Monthly or Quarterly data on the Crude Oil Brent Historical Download tab, and can download additional underlying chart data and study values using the Interactive Charts. Your browser of choice has not been tested for use with Barchart. If you have issues, please download one of the browsers listed here.

Dollars per Barrel. Premium Statistic Global oil production Premium Statistic Global oil consumption It is considered a sweet light crude oil due to its low sulfur content and a low density and may be easily refined into gasoline. Show source. API users can feed a custom application. Brent is the world's leading price benchmark for Atlantic basin crude oils. Brent crude futures settled 1. To access this feature you need a Statista Account. Developer Docs Features. Iron Ore. Also, Federal Reserve Chair Jerome Powell's indication of potential interest rate adjustments bolstered the outlook for global growth and energy demand.