This page contains historical Brent Oil prices and related graph.
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
Friday 13 Aug 2010
78,21
Friday 6 Aug 2010
82,69
Friday 30 Jul 2010
77,24
Friday 23 Jul 2010
76,64
Friday 16 Jul 2010
75,70
Friday 9 Jul 2010
73,95
Friday 2 Jul 2010
74,39
Friday 25 Jun 2010
76,64
Friday 18 Jun 2010
76,22
Friday 11 Jun 2010
72,76
Source: U.S. Department of Energy, Energy Information Administration
Europe Spot Brent Price FOB ($/bbl)
Month
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
± % from 2009
January
11,11
25,51
25,62
19,42
31,18
31,28
44,51
62,98
53,68
92,18
43,44
76,30
+75,64%
February
10,27
27,78
27,50
20,28
32,77
30,86
45,48
60,21
57,56
94,99
43,32
73,86
+70,49%
March
12,51
27,49
24,50
23,70
30,61
33,63
53,10
62,06
62,05
103,64
46,54
78,66
+69,02%
April
15,29
22,76
25,66
25,73
25,00
33,59
51,88
70,26
67,49
109,07
50,18
84,06
+67,51%
May
15,23
27,74
28,31
25,35
25,86
37,57
48,65
69,78
67,21
122,80
57,30
75,94
+32,54%
June
15,86
29,80
27,85
24,08
27,65
35,18
54,35
68,56
71,05
132,32
68,61
74,58
+8,70%
July
19,08
28,68
24,61
25,74
28,35
38,22
57,52
73,67
76,93
132,72
64,44
75,58
+17,29%
August
20,22
30,20
25,68
26,65
29,89
42,74
63,98
73,23
70,76
113,24
72,51
80,45
+10,95%
September
22,54
33,14
25,62
28,40
27,11
43,20
62,91
61,96
77,17
97,23
67,65
October
22,00
30,96
20,54
27,54
29,61
49,78
58,54
57,81
82,34
71,58
72,77
November
24,58
32,55
18,80
24,34
28,75
43,11
55,24
58,76
92,41
52,45
76,66
December
25,47
25,66
18,71
28,33
29,81
39,60
56,86
62,47
90,93
39,95
74,46
Average
17,85
28,52
24,45
24,96
28,88
38,23
54,42
65,15
72,46
96,85
61,49
77,43
Variation¹ %
+39,66%
+59,80%
-14,28%
+2,09%
+15,71%
+32,36%
+42,34%
+19,71%
+11,24%
+33,65%
-36,51%
+25,92%
Last Update: 19-08-2010
1) change from previous year
Source: U.S. Department of Energy, Energy Information Administration
1. The “News” evidences only the changes; should no price change or no quotation take place, any mention will be made
2. The change/variation concerning PRODUCTION/OUTPUT quantity refers to the same period of the previous year.
3. The change/variation concerning STOCK quantity refers to the previous month.
4. The change/variation of price refers to PRICES expressed in local currency (for both EU and the World). The change refers to the previous week /month /year, as the case may be
