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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.

Crude Oil - Brent Europe
Spot price FOB

81,66 $
Nov 28, 2023
82,98 $
Nov 29, 2023
81,72 $
Nov 30, 2023
78,72 $
Dec 1, 2023
78,16 $
Dec 4, 2023
Source: U.S. Department of Energy, Energy Information Administration
 
Avg Weekly
Survey date
Europe Spot Brent Price FOB
US$ / bbl ± on prev. price
Friday   1 Dec 2023
80,91 -0,87%
Friday   24 Nov 2023
81,62 -0,38%
Friday   17 Nov 2023
81,93 -1,90%
Friday   10 Nov 2023
83,52 -5,32%
Friday   3 Nov 2023
88,21 -1,81%
Friday   27 Oct 2023
89,84 -2,84%
Friday   20 Oct 2023
92,47 +2,20%
Friday   13 Oct 2023
90,48 +0,17%
Friday   6 Oct 2023
90,33 -5,52%
Friday   29 Sep 2023
95,61 +0,79%
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 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 ± su mese
prec.
± 2022
January 110,69 112,96 108,12 47,76 30,70 54,58 69,08 59,41 63,82 54,77 86,51 82,52 +1,88% -4,61%
February 119,33 116,05 108,90 58,10 32,18 54,87 65,32 63,96 55,66 62,28 97,13 82,58 +0,08% -14,97%
March 125,45 108,47 107,48 55,89 38,21 51,59 66,02 66,14 32,01 65,41 117,25 78,43 -5,03% -33,10%
April 119,42 102,25 107,76 59,52 41,58 52,31 72,11 71,23 18,47 64,76 104,89 84,74 +8,04% -19,21%
May 110,34 102,56 109,54 64,08 46,74 50,33 76,98 71,17 29,38 68,49 113,11 75,47 -10,94% -33,28%
June 95,16 102,92 111,80 61,48 48,25 46,37 74,40 64,22 40,27 73,16 122,71 74,84 -0,83% -39,01%
July 102,62 107,93 106,77 56,56 44,95 48,48 74,25 63,92 43,24 75,17 111,93 80,11 +7,04% -28,43%
August 113,36 111,28 101,61 46,52 45,84 51,70 72,53 59,04 44,74 70,75 100,45 86,15 +7,54% -14,24%
September 112,86 111,60 97,09 47,62 46,57 56,15 78,89 62,83 40,91 74,49 89,75 93,72 +8,79% +4,43%
October 111,71 109,08 87,43 48,43 49,52 57,51 81,03 59,71 40,19 83,54 93,33 90,60 -3,34% -2,93%
November 109,06 107,79 79,44 44,27 44,73 62,71 64,75 63,21 42,69 81,05 91,42 82,94 -8,45% -9,27%
December 109,49 110,76 62,33 38,01 53,31 64,37 57,36 67,31 49,99 74,22 81,00 78,44 -5,43% -3,16%
Media 111,57 108,56 98,97 52,32 43,64 54,12 71,34 64,33 41,97 70,83 100,88 82,87
Variazione¹ % +0,28% -2,70% -8,83% -47,14% -16,59% +24,03% +31,80% -9,81% -34,76% +68,76% +42,42% -17,85%
  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
01/12/2023
current exch.
30/11/2023: 1,093
exch. of 3 months ago
31/08/2023: 1,087
exch. of 1 year ago
30/11/2022: 1,038
MIN 80,91 74,02 74,45 77,98
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
74.02
 
 

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