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Oil

This page contains historical Brent Oil prices and related graphs.

Note:
Since oil price may determine the purchasing power of oil producing countries (i.e. Middle Eastern States, Russia, Mexico, Venezuela...), we are of the opinion that their changes could potentially impact on these countries' willingness to buy additional dairy products such as Milk Powders and Cheddar cheese.

The reasons may be:
  • the major oil producing countries are also significant importers of the above mentioned dairy products;
  • in these countries the increase in oil price, may drive to higher willingness to buy dairy products;
  • commodity price level (for the local consumer) should not be too much higher than the current "ask" price, otherwise countries' willingness to buy dairy products could decline; at the same time high level of oil price may direct oil Purchaser toward alternative sources and as a consequence it may influence income of the oil producing countries.
 
Survey date
Europe Spot Brent Price FOB
US$ / bbl ± on prev. price
Friday   17 Feb 2017
54,46 -0,04%
Friday   10 Feb 2017
54,48 -1,89%
Friday   3 Feb 2017
55,53 +1,13%
Friday   27 Jan 2017
54,91 +1,33%
Friday   20 Jan 2017
54,19 +0,31%
Friday   13 Jan 2017
54,02 -2,01%
Friday   6 Jan 2017
55,13 +1,27%
Friday   30 Dec 2016
54,44 +1,17%
Friday   23 Dec 2016
53,81 +1,03%
Friday   16 Dec 2016
53,26 +1,91%
Source: U.S. Department of Energy, Energy Information Administration
 
Show/Hide the conversion of Oil (PR) USD⇒EUR on the current exchange,
on the exchange rate in force as at 3 months ago and on the exchange rate in force as at 1 year ago
  OIL (US$ / BBL)
US dollar EURO
CURRENT PRICE
17/02/2017
current exch.
16/02/2017: 1,065
exch. of 3 months ago
16/11/2016: 1,070
exch. of 1 year ago
16/02/2016: 1,117
MIN 54,46 51,13 50,89 48,77
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
51.13
 
 
Europe Spot Brent Price FOB ($/bbl)
 
Month 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 ± on prev.
month.
± % from
2016
January 62,98 53,68 92,18 43,44 76,30 96,44 110,77 112,45 108,28 49,03 31,87 54,56 +3,91% +71,19%
February 60,21 57,56 94,99 43,32 73,86 103,43 117,89 116,43 108,94 58,10 32,00 54,82 +0,48% +71,32%
March 62,06 62,05 103,64 46,54 78,66 114,27 125,30 109,18 107,56 56,09 38,32  
April 70,26 67,49 109,07 50,18 84,06 122,24 120,08 102,25 107,51 58,00 40,87  
May 69,78 67,21 122,80 57,30 75,95 114,88 111,62 102,56 109,50 63,97 46,62  
June 68,56 71,05 132,32 68,61 74,58 115,10 96,73 102,92 111,84 61,66 48,60  
July 73,67 76,93 132,72 64,44 75,58 115,61 102,07 107,81 107,26 56,81 45,27  
August 73,23 70,76 113,24 72,51 77,17 109,64 112,78 110,87 102,35 46,52 45,44  
September 61,96 77,17 97,23 67,65 77,35 113,35 112,93 111,37 97,45 47,74 46,80  
October 57,81 82,34 71,58 72,77 82,10 109,61 112,00 109,22 88,05 48,25 49,69  
November 58,76 92,41 52,45 76,66 85,12 110,47 109,17 107,98 79,30 44,29 44,56  
December 62,47 90,93 39,95 74,46 91,07 108,17 109,42 110,86 63,07 38,54 52,51  
Average 65,15 72,47 96,85 61,49 79,32 111,10 111,73 108,66 99,26 52,42 43,55 54,69
Change¹ % +19,71% +11,24% +33,65% -36,51% +28,99% +40,07% +0,57% -2,75% -8,65% -47,19% -16,92% +25,60%
Last Update: 2017-02-25
1) change from previous year
Source: U.S. Department of Energy, Energy Information Administration