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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.
 
Survey date
Europe Spot Brent Price FOB
US$ / bbl ± on prev. price
Friday   9 Nov 2018
70,34 -5,06%
Friday   2 Nov 2018
74,09 -5,29%
Friday   26 Oct 2018
78,23 -2,71%
Friday   19 Oct 2018
80,41 -3,18%
Friday   12 Oct 2018
83,05 -2,80%
Friday   5 Oct 2018
85,44 +4,39%
Friday   28 Sep 2018
81,85 +3,65%
Friday   21 Sep 2018
78,97 +1,10%
Friday   14 Sep 2018
78,11 +1,92%
Friday   7 Sep 2018
76,64 +0,74%
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
09/11/2018
current exch.
08/11/2018: 1,142
exch. of 3 months ago
08/08/2018: 1,159
exch. of 1 year ago
08/11/2017: 1,159
MIN 70,34 61,57 60,70 60,69
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
61.57
 
 
Europe Spot Brent Price FOB ($/bbl)
 
Month 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 ± on prev.
month.
± % from
2017
January 53,68 92,18 43,44 76,30 96,44 110,77 112,45 108,28 49,03 31,87 54,56 69,18 +7,41% +26,79%
February 57,56 94,99 43,32 73,86 103,43 117,89 116,43 108,94 58,10 32,00 54,97 65,44 -5,41% +19,04%
March 62,05 103,64 46,54 78,66 114,27 125,30 109,18 107,56 56,09 38,32 51,78 66,27 +1,27% +27,98%
April 67,49 109,07 50,18 84,06 122,24 120,08 102,25 107,51 58,00 40,87 52,42 71,66 +8,14% +36,71%
May 67,21 122,80 57,30 75,95 114,88 111,62 102,56 109,50 63,97 46,62 50,26 77,19 +7,71% +53,58%
June 71,05 132,32 68,61 74,58 115,10 96,73 102,92 111,84 61,66 48,60 46,90 74,59 -3,36% +59,05%
July 76,93 132,72 64,44 75,58 115,61 102,07 107,81 107,26 56,81 45,27 48,30 74,22 -0,49% +53,66%
August 70,76 113,24 72,51 77,17 109,64 112,78 110,87 102,35 46,52 45,44 51,65 72,69 -2,06% +40,73%
September 77,17 97,23 67,65 77,35 113,35 112,93 111,37 97,45 47,74 46,80 55,49 78,89 +8,53% +42,17%
October 82,34 71,58 72,77 82,10 109,61 112,00 109,22 88,05 48,25 49,69 57,16 81,78 +3,66% +43,07%
November 92,41 52,45 76,66 85,12 110,47 109,17 107,98 79,30 44,29 44,56 62,38 72,22 -11,70% +15,76%
December 90,93 39,95 74,46 91,07 108,17 109,42 110,86 63,07 38,54 52,51 64,41  
Average 72,47 96,85 61,49 79,32 111,10 111,73 108,66 99,26 52,42 43,55 54,19 73,10
Change¹ % +11,24% +33,65% -36,51% +28,99% +40,07% +0,57% -2,75% -8,65% -47,19% -16,92% +24,45% +37,25%
Last Update: 2018-11-16
1) change from the same period of previous year
Source: U.S. Department of Energy, Energy Information Administration