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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.
71,02 $
Apr 9, 2019
71,63 $
Apr 10, 2019
71,30 $
Apr 11, 2019
71,57 $
Apr 12, 2019
70,90 $
Apr 15, 2019
 
Avg Weekly
Survey date
Europe Spot Brent Price FOB
US$ / bbl ± on prev. price
Friday   12 Apr 2019
71,33 +2,57%
Friday   5 Apr 2019
69,54 +3,41%
Friday   29 Mar 2019
67,25 -0,13%
Friday   22 Mar 2019
67,34 +2,48%
Friday   15 Mar 2019
65,71 +1,51%
Friday   8 Mar 2019
64,73 +0,26%
Friday   1 Mar 2019
64,56 -3,03%
Friday   22 Feb 2019
66,58 +5,08%
Friday   15 Feb 2019
63,36 +2,67%
Friday   8 Feb 2019
61,71 +0,54%
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 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 ± su mese
prec.
± 2018
January 92,18 43,44 76,17 96,52 110,69 112,96 108,12 47,76 30,70 54,58 69,08 59,41 +3,57% -14,00%
February 94,99 43,32 73,75 103,72 119,33 116,05 108,90 58,10 32,18 54,87 65,32 63,96 +7,66% -2,08%
March 103,64 46,54 78,83 114,64 125,45 108,47 107,48 55,89 38,21 51,59 66,02 66,14 +3,41% +0,18%
April 109,07 50,18 84,82 123,26 119,42 102,25 107,76 59,52 41,58 52,31 72,11 70,48 +6,56% -2,26%
May 122,80 57,30 75,95 114,99 110,34 102,56 109,54 64,08 46,74 50,33 76,98  
June 132,32 68,61 74,76 113,83 95,16 102,92 111,80 61,48 48,25 46,37 74,40  
July 132,72 64,44 75,58 116,97 102,62 107,93 106,77 56,56 44,95 48,48 74,25  
August 113,24 72,51 77,04 110,22 113,36 111,28 101,61 46,52 45,84 51,70 72,53  
September 97,23 67,65 77,84 112,83 112,86 111,60 97,09 47,62 46,57 56,15 78,89  
October 71,58 72,77 82,66 109,55 111,71 109,08 87,43 48,43 49,52 57,51 81,03  
November 52,45 76,66 85,27 110,77 109,06 107,79 79,44 44,27 44,73 62,71 64,75  
December 39,95 74,46 91,45 107,87 109,49 110,76 62,33 38,01 53,31 64,37 57,36  
Media 96,94 61,74 79,61 111,26 111,57 108,56 98,97 52,32 43,64 54,12 71,34
Variazione¹ % +33,82% -36,32% +28,95% +39,76% +0,28% -2,70% -8,83% -47,14% -16,59% +24,03% +31,80%
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
12/04/2019
current exch.
11/04/2019: 1,126
exch. of 3 months ago
11/01/2019: 1,153
exch. of 1 year ago
11/04/2018: 1,238
MIN 71,33 63,33 61,85 57,60
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
63.33