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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.
56,91 $
Jan 8, 2019
59,46 $
Jan 9, 2019
60,47 $
Jan 10, 2019
59,24 $
Jan 11, 2019
58,80 $
Jan 14, 2019
 
Weekly
Survey date
Europe Spot Brent Price FOB
US$ / bbl ± on prev. price
Friday   11 Jan 2019
58,64 +7,97%
Friday   4 Jan 2019
54,31 +5,31%
Friday   28 Dec 2018
51,57 -5,62%
Friday   21 Dec 2018
54,64 -8,18%
Friday   14 Dec 2018
59,51 -1,59%
Friday   7 Dec 2018
60,47 +3,10%
Friday   30 Nov 2018
58,65 -4,20%
Friday   23 Nov 2018
61,22 -7,54%
Friday   16 Nov 2018
66,21 -5,87%
Friday   9 Nov 2018
70,34 -5,06%
Source: U.S. Department of Energy, Energy Information Administration
 
See the dairy import of the OPEC member countries
 
Europe Spot Brent Price FOB ($/bbl)
 
Month 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 ± on prev.
month.
± % from
2018
January 92,18 43,44 76,30 96,44 110,77 112,45 108,28 49,03 31,87 54,56 69,18 56,47 -0,13% -18,36%
February 94,99 43,32 73,86 103,43 117,89 116,43 108,94 58,10 32,00 54,97 65,44  
March 103,64 46,54 78,66 114,27 125,30 109,18 107,56 56,09 38,32 51,78 66,27  
April 109,07 50,18 84,06 122,24 120,08 102,25 107,51 58,00 40,87 52,42 71,66  
May 122,80 57,30 75,95 114,88 111,62 102,56 109,50 63,97 46,62 50,26 77,19  
June 132,32 68,61 74,58 115,10 96,73 102,92 111,84 61,66 48,60 46,90 74,59  
July 132,72 64,44 75,58 115,61 102,07 107,81 107,26 56,81 45,27 48,30 74,22  
August 113,24 72,51 77,17 109,64 112,78 110,87 102,35 46,52 45,44 51,65 72,69  
September 97,23 67,65 77,35 113,35 112,93 111,37 97,45 47,74 46,80 55,49 78,89  
October 71,58 72,77 82,10 109,61 112,00 109,22 88,05 48,25 49,69 57,16 81,78  
November 52,45 76,66 85,12 110,47 109,17 107,98 79,30 44,29 44,56 62,38 66,10  
December 39,95 74,46 91,07 108,17 109,42 110,86 63,07 38,54 52,51 64,41 56,55  
Average 96,85 61,49 79,32 111,10 111,73 108,66 99,26 52,42 43,55 54,19 71,21 56,47
Variazione¹ % +33,65% -36,51% +28,99% +40,07% +0,57% -2,75% -8,65% -47,19% -16,92% +24,45% +31,41% -18,36%
Last Update: 2019-01-17
1) change from the same period of previous year
Source: 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
11/01/2019
current exch.
10/01/2019: 1,154
exch. of 3 months ago
10/10/2018: 1,150
exch. of 1 year ago
10/01/2018: 1,199
MIN 58,64 50,84 50,99 48,90
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
50.84