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Oil
This page contains historical Brent Oil prices and related graphs.

To go more in depth with the analysis, visit also the page dedicated to the Dairy export to the main Crude Oil producers

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.
CB2! Chart by TradingView

Crude Oil - Brent Europe
Spot price FOB

91,29 $
Apr 16, 2024		 89,54 $
Apr 17, 2024		 88,34 $
Apr 18, 2024		 87,96 $
Apr 19, 2024		 87,30 $
Apr 22, 2024
Source: U.S. Department of Energy, Energy Information Administration
 
Avg Weekly
Survey date
Europe Spot Brent Price FOB
US$ / bbl ± on prev. price
Friday   19 Apr 2024
89,59 -2,63%
Friday   12 Apr 2024
92,01 +1,85%
Friday   5 Apr 2024
90,34 +5,29%
Friday   29 Mar 2024
85,80 -0,09%
Friday   22 Mar 2024
85,88 +1,61%
Friday   15 Mar 2024
84,52 -1,30%
Friday   8 Mar 2024
85,63 +1,63%
Friday   1 Mar 2024
84,26 -0,89%
Friday   23 Feb 2024
85,02 +0,69%
Friday   16 Feb 2024
84,44 +3,59%
Source: U.S. Department of Energy, Energy Information Administration
 
See the dairy import of the OPEC member countries
 
Europe Spot Brent Price FOB ($/bbl)
 
Mese 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 ± su mese
prec. 		± 2023
January 112,96 108,12 47,76 30,70 54,58 69,08 59,41 63,82 54,77 86,51 82,52 80,12 +3,04% -2,90%
February 116,05 108,90 58,10 32,18 54,87 65,32 63,96 55,66 62,28 97,13 82,58 83,48 +4,19% +1,08%
March 108,47 107,48 55,89 38,21 51,59 66,02 66,14 32,01 65,41 117,25 78,43 85,41 +2,31% +8,89%
April 102,25 107,76 59,52 41,58 52,31 72,11 71,23 18,47 64,76 104,89 84,74 90,44 +5,90% +6,73%
May 102,56 109,54 64,08 46,74 50,33 76,98 71,17 29,38 68,49 113,11 75,47  
June 102,92 111,80 61,48 48,25 46,37 74,40 64,22 40,27 73,16 122,71 74,84  
July 107,93 106,77 56,56 44,95 48,48 74,25 63,92 43,24 75,17 111,93 80,11  
August 111,28 101,61 46,52 45,84 51,70 72,53 59,04 44,74 70,75 100,45 86,15  
September 111,60 97,09 47,62 46,57 56,15 78,89 62,83 40,91 74,49 89,75 93,72  
October 109,08 87,43 48,43 49,52 57,51 81,03 59,71 40,19 83,54 93,33 90,60  
November 107,79 79,44 44,27 44,73 62,71 64,75 63,21 42,69 81,05 91,42 82,94  
December 110,76 62,33 38,01 53,31 64,37 57,36 67,31 49,99 74,22 81,00 77,76  
Gen-Apr 109,93 108,06 55,32 35,67 53,34 68,13 65,19 42,49 61,81 101,44 82,07 84,86
Variazione¹ % -7,40% -1,70% -48,81% -35,52% +49,53% +27,74% -4,32% -34,82% +45,46% +64,13% -19,10% +3,41%
Media 108,56 98,97 52,32 43,64 54,12 71,34 64,33 41,97 70,83 100,88 82,50
Variazione¹ % -2,70% -8,83% -47,14% -16,59% +24,03% +31,80% -9,81% -34,76% +68,76% +42,42% -18,22%
  max price
  min price
1) Variazione % calcolata rispetto allo stesso periodo dell’anno precedente
Fonte: 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
19/04/2024		 current exch.
18/04/2024: 1,068		 exch. of 3 months ago
18/01/2024: 1,088		 exch. of 1 year ago
18/04/2023: 1,097
MIN 89,59 83,89 82,38 81,65
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
83.89
 
 

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