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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.
42,72 $
Jun 23, 2020
40,40 $
Jun 24, 2020
41,18 $
Jun 25, 2020
40,97 $
Jun 26, 2020
41,58 $
Jun 29, 2020
Source: U.S. Department of Energy, Energy Information Administration
 
Avg Weekly
Survey date
Europe Spot Brent Price FOB
US$ / bbl ± on prev. price
Friday   26 Jun 2020
41,69 +1,81%
Friday   19 Jun 2020
40,95 +3,62%
Friday   12 Jun 2020
39,52 +3,00%
Friday   5 Jun 2020
38,37 +13,86%
Friday   29 May 2020
33,70 -0,71%
Friday   22 May 2020
33,94 +20,44%
Friday   15 May 2020
28,18 +19,56%
Friday   8 May 2020
23,57 +38,24%
Friday   1 May 2020
17,05 +19,73%
Friday   24 Apr 2020
14,24 -28,80%
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 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 ± su mese
prec.
± 2019
January 43,44 76,17 96,52 110,69 112,96 108,12 47,76 30,70 54,58 69,08 59,41 63,82 -5,18% +7,43%
February 43,32 73,75 103,72 119,33 116,05 108,90 58,10 32,18 54,87 65,32 63,96 55,66 -12,80% -12,98%
March 46,54 78,83 114,64 125,45 108,47 107,48 55,89 38,21 51,59 66,02 66,14 32,01 -42,48% -51,60%
April 50,18 84,82 123,26 119,42 102,25 107,76 59,52 41,58 52,31 72,11 71,23 18,47 -42,31% -74,08%
May 57,30 75,95 114,99 110,34 102,56 109,54 64,08 46,74 50,33 76,98 71,17 29,38 +59,09% -58,72%
June 68,61 74,76 113,83 95,16 102,92 111,80 61,48 48,25 46,37 74,40 64,22 40,20 +36,84% -37,40%
July 64,44 75,58 116,97 102,62 107,93 106,77 56,56 44,95 48,48 74,25 63,92  
August 72,51 77,04 110,22 113,36 111,28 101,61 46,52 45,84 51,70 72,53 59,04  
September 67,65 77,84 112,83 112,86 111,60 97,09 47,62 46,57 56,15 78,89 62,83  
October 72,77 82,66 109,55 111,71 109,08 87,43 48,43 49,52 57,51 81,03 59,71  
November 76,66 85,27 110,77 109,06 107,79 79,44 44,27 44,73 62,71 64,75 63,21  
December 74,46 91,45 107,87 109,49 110,76 62,33 38,01 53,31 64,37 57,36 67,31  
Media 61,74 79,61 111,26 111,57 108,56 98,97 52,32 43,64 54,12 71,34 64,33
Variazione¹ % -36,32% +28,95% +39,76% +0,28% -2,70% -8,83% -47,14% -16,59% +24,03% +31,80% -9,81%
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
26/06/2020
current exch.
25/06/2020: 1,120
exch. of 3 months ago
25/03/2020: 1,083
exch. of 1 year ago
25/06/2019: 1,139
MIN 41,69 37,22 38,51 36,61
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
37.22
 
 
UK trade data for the period Jan - Apr 2020 are provisional