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
US$ / bbl
Friday   10 May 2013
103,77
Friday   3 May 2013
101,53
Friday   26 Apr 2013
100,61
Friday   19 Apr 2013
98,09
Friday   12 Apr 2013
103,25
Friday   5 Apr 2013
107,06
Friday   29 Mar 2013
107,68
Friday   22 Mar 2013
107,43
Friday   15 Mar 2013
108,41
Friday   8 Mar 2013
109,98
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
10/05/2013		 current exch.
09/05/2013: 1,314		 exch. of 3 months ago
08/02/2013: 1,337		 exch. of 1 year ago
09/05/2012: 1,295
MIN 103,77 78,96 77,59 80,13
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
78.96
 
 
Europe Spot Brent Price FOB ($/bbl)
 
Month 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 ± % from 2012
January 19,42 31,18 31,28 44,51 62,98 53,68 92,18 43,44 76,30 96,44 110,77 112,45 +1,52%
February 20,28 32,77 30,86 45,48 60,21 57,56 94,99 43,32 73,86 103,43 117,89 116,43 -1,23%
March 23,70 30,61 33,63 53,10 62,06 62,05 103,64 46,54 78,66 114,27 125,30 109,18 -12,86%
April 25,73 25,00 33,59 51,88 70,26 67,49 109,07 50,18 84,06 122,24 120,08 102,25 -14,85%
May 25,35 25,86 37,57 48,65 69,78 67,21 122,80 57,30 75,94 114,88 111,62 102,65 -8,03%
June 24,08 27,65 35,18 54,35 68,56 71,05 132,32 68,61 74,58 115,10 96,73  
July 25,74 28,35 38,22 57,52 73,67 76,93 132,72 64,44 75,58 115,61 102,07  
August 26,65 29,89 42,74 63,98 73,23 70,76 113,24 72,51 77,17 109,64 112,78  
September 28,40 27,11 43,20 62,91 61,96 77,17 97,23 67,65 77,35 113,35 112,93  
October 27,54 29,61 49,78 58,54 57,81 82,34 71,58 72,77 82,10 109,61 112,00  
November 24,34 28,75 43,11 55,24 58,76 92,41 52,45 76,66 85,12 110,47 109,17  
December 28,33 29,81 39,60 56,86 62,47 90,93 39,95 74,46 91,07 108,17 109,42  
Average 24,96 28,88 38,23 54,42 65,15 72,46 96,85 61,49 79,32 111,10 111,73 108,59
Change¹ % +2,09% +15,71% +32,36% +42,34% +19,71% +11,24% +33,65% -36,51% +28,99% +40,07% +0,57% -2,81%
Last Update: 2013-05-16
1) change from previous year
Source: U.S. Department of Energy, Energy Information Administration