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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.
63,96 $
Feb 16, 2021
65,02 $
Feb 17, 2021
64,09 $
Feb 18, 2021
62,84 $
Feb 19, 2021
64,73 $
Feb 22, 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   19 Feb 2021
63,90 +4,53%
Friday   12 Feb 2021
61,13 +5,00%
Friday   5 Feb 2021
58,22 +5,51%
Friday   29 Jan 2021
55,18 -0,09%
Friday   22 Jan 2021
55,23 -0,27%
Friday   15 Jan 2021
55,38 +3,88%
Friday   8 Jan 2021
53,31 +4,90%
Friday   1 Jan 2021
50,82 +0,41%
Friday   25 Dec 2020
50,61 -0,86%
Friday   18 Dec 2020
51,05 +3,51%
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 61,31 +11,93% +10,16%
March 78,83 114,64 125,45 108,47 107,48 55,89 38,21 51,59 66,02 66,14 32,01  
April 84,82 123,26 119,42 102,25 107,76 59,52 41,58 52,31 72,11 71,23 18,47  
May 75,95 114,99 110,34 102,56 109,54 64,08 46,74 50,33 76,98 71,17 29,38  
June 74,76 113,83 95,16 102,92 111,80 61,48 48,25 46,37 74,40 64,22 40,27  
July 75,58 116,97 102,62 107,93 106,77 56,56 44,95 48,48 74,25 63,92 43,24  
August 77,04 110,22 113,36 111,28 101,61 46,52 45,84 51,70 72,53 59,04 44,74  
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
19/02/2021
current exch.
18/02/2021: 1,208
exch. of 3 months ago
18/11/2020: 1,187
exch. of 1 year ago
18/02/2020: 1,082
MIN 63,90 52,88 53,84 59,08
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
52.88