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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.
23,55 $
Mar 26, 2020
22,39 $
Mar 27, 2020
19,07 $
Mar 30, 2020
19,19 $
Mar 31, 2020
14,97 $
Apr 1, 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   27 Mar 2020
23,58 -8,07%
Friday   20 Mar 2020
25,65 -24,78%
Friday   13 Mar 2020
34,10 -32,74%
Friday   6 Mar 2020
50,70 -6,53%
Friday   28 Feb 2020
54,24 -7,50%
Friday   21 Feb 2020
58,64 +5,98%
Friday   14 Feb 2020
55,33 +1,36%
Friday   7 Feb 2020
54,59 -6,80%
Friday   31 Jan 2020
58,57 -5,84%
Friday   24 Jan 2020
62,20 -2,98%
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 32,12 -42,30% -51,44%
April 50,18 84,82 123,26 119,42 102,25 107,76 59,52 41,58 52,31 72,11 71,23 14,97 -53,39% -78,98%
May 57,30 75,95 114,99 110,34 102,56 109,54 64,08 46,74 50,33 76,98 71,17  
June 68,61 74,76 113,83 95,16 102,92 111,80 61,48 48,25 46,37 74,40 64,22  
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
27/03/2020
current exch.
26/03/2020: 1,098
exch. of 3 months ago
24/12/2019: 1,108
exch. of 1 year ago
26/03/2019: 1,129
MIN 23,58 21,47 21,28 20,88
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
21.47