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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.
74,87 $
Jul 27, 2021
75,09 $
Jul 28, 2021
76,30 $
Jul 29, 2021
77,72 $
Jul 30, 2021
73,91 $
Aug 2, 2021
Source: U.S. Department of Energy, Energy Information Administration
 
Avg Weekly
Survey date
Europe Spot Brent Price FOB
US$ / bbl ± on prev. price
Friday   30 Jul 2021
75,75 +4,92%
Friday   23 Jul 2021
72,20 -4,75%
Friday   16 Jul 2021
75,80 -0,43%
Friday   9 Jul 2021
76,13 -0,17%
Friday   2 Jul 2021
76,26 +1,13%
Friday   25 Jun 2021
75,41 +3,15%
Friday   18 Jun 2021
73,11 +2,31%
Friday   11 Jun 2021
71,46 +1,13%
Friday   4 Jun 2021
70,66 +2,38%
Friday   28 May 2021
69,02 +2,28%
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 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 ± su mese
prec.
± 2020
January 76,17 96,52 110,69 112,96 108,12 47,76 30,70 54,58 69,08 59,41 63,82 54,77 +9,56% -14,18%
February 73,75 103,72 119,33 116,05 108,90 58,10 32,18 54,87 65,32 63,96 55,66 62,28 +13,70% +11,89%
March 78,83 114,64 125,45 108,47 107,48 55,89 38,21 51,59 66,02 66,14 32,01 65,41 +5,03% +104,33%
April 84,82 123,26 119,42 102,25 107,76 59,52 41,58 52,31 72,11 71,23 18,47 64,76 -0,99% +250,69%
May 75,95 114,99 110,34 102,56 109,54 64,08 46,74 50,33 76,98 71,17 29,38 68,49 +5,76% +133,14%
June 74,76 113,83 95,16 102,92 111,80 61,48 48,25 46,37 74,40 64,22 40,27 73,16 +6,82% +81,70%
July 75,58 116,97 102,62 107,93 106,77 56,56 44,95 48,48 74,25 63,92 43,24 75,17 +2,74% +73,83%
August 77,04 110,22 113,36 111,28 101,61 46,52 45,84 51,70 72,53 59,04 44,74 73,91 -1,67% +65,21%
September 77,84 112,83 112,86 111,60 97,09 47,62 46,57 56,15 78,89 62,83 40,91  
October 82,66 109,55 111,71 109,08 87,43 48,43 49,52 57,51 81,03 59,71 40,19  
November 85,27 110,77 109,06 107,79 79,44 44,27 44,73 62,71 64,75 63,21 42,69  
December 91,45 107,87 109,49 110,76 62,33 38,01 53,31 64,37 57,36 67,31 49,99  
Media 79,61 111,26 111,57 108,56 98,97 52,32 43,64 54,12 71,34 64,33 41,97
Variazione¹ % +28,95% +39,76% +0,28% -2,70% -8,83% -47,14% -16,59% +24,03% +31,80% -9,81% -34,76%
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
30/07/2021
current exch.
29/07/2021: 1,187
exch. of 3 months ago
29/04/2021: 1,213
exch. of 1 year ago
29/07/2020: 1,173
MIN 75,75 63,80 62,45 64,61
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
63.80