Brent crude futures were trading above $73.5 a barrel on Monday, following four straight weeks of gains, buoyed by optimism over strong demand recovery and the breakup of Iran nuclear talks without an agreement. Ebrahim Raisi, who is subject to US sanctions, won the country's presidential election and Tehran claims they must be eliminated as part of an agreement to revive the pact. The oil market is up more than 50% so far this year, as investors are upbeat about fuel demand recovery this summer, with vaccination programs in Europe and the US allowing more people to travel. Also, India eased lockdown restrictions following a sustained downtrend in coronavirus infections. On the supply side, OPEC+ agreed to keep to their plan to gradually ease supply curbs through July, signaling the ongoing strengthening of market fundamentals.

Historically, Brent crude oil reached an all time high of 147.50 in July of 2008. Brent crude oil - data, forecasts, historical chart - was last updated on June of 2021.

Brent crude oil is expected to trade at 77.17 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 90.11 in 12 months time.

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Brent crude oil


Brent crude oil
Brent Crude oil is a major benchmark price for purchases of oil worldwide. While Brent Crude oil is sourced from the North Sea the oil production coming from Europe, Africa and the Middle East flowing West tends to be priced relative to this oil. The Brent prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Energy Price Day Weekly Monthly YTD Date
Crude Oil
USD/Bbl
72.6300 0.99 1.38% 2.47% 9.96% 49.69% Jun/21
Brent
USD/Bbl
74.0300 0.52 0.71% 1.61% 8.14% 42.92% Jun/21
Natural gas
USD/MMBtu
3.1520 0.06 -1.96% -5.97% 9.22% 24.14% Jun/21
Gasoline
USD/Gal
2.1668 0.00 -0.07% -0.20% 2.32% 53.66% Jun/21
Heating oil
USD/Gal
2.0956 0.00 0.11% -0.76% 2.62% 41.21% Jun/21
Ethanol
USD/Gal
2.4600 0.00 0.00% 0.00% 4.68% 71.67% Jun/18
Naphtha
USD/T
624.89 2.16 0.35% 0.88% 6.64% 44.42% Jun/18
Propane
USD/Gal
0.95 0.00 0.40% 1.13% 16.53% 47.47% Jun/18
Uranium
USD/Lbs
32.4000 0.00 0.00% -0.92% 4.52% 5.54% Jun/18
Methanol
CNY
2,469.00 34.00 -1.36% -5.00% -4.27% 2.19% Jun/21

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,778.08 14.74 0.84% -4.71% -5.48% -6.24% Jun/21
Silver
USD/t.oz
25.946 0.16 0.60% -6.78% -6.67% -1.56% Jun/21
Platinum
USD/t.oz
1,041.36 7.36 0.71% -10.61% -11.31% -2.31% Jun/21

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,396.5000 0.50 0.04% -5.15% -8.29% 6.87% Jun/21
Wheat
USd/Bu
659.0000 3.75 -0.57% -2.30% -0.49% 2.89% Jun/21
Lumber
USD/1000 board feet
900.00 4.90 -0.54% -15.03% -32.18% 3.08% Jun/18
Cheese
USD/Lbs
1.6540 0.00 0.00% 0.18% -8.62% 0.49% Jun/18
Palm Oil
MYR/T
3,392.00 32.00 -0.93% 0.50% -12.80% -5.78% Jun/21
Milk
USD/CWT
17.33 0.04 0.23% 0.46% -8.45% 9.68% Jun/18
Wool
AUD/100Kg
1,448.00 0.00 0.00% 3.95% 10.11% 23.66% Jun/18
Tea
USD/Kgs
2.83 0.00 0.00% -11.29% -6.29% -1.39% Jun/18
Rice
USD/cwt
12.5550 0.06 -0.44% 0.40% -4.52% 2.57% Jun/21
Rubber
JPY/Kg
241.20 1.90 -0.78% -2.39% -6.98% -10.27% Jun/21
Oat
USd/Bu
361.2500 8.75 -2.36% -2.03% 1.12% 0.14% Jun/21
Orange Juice
USd/Lbs
115.30 1.35 -1.16% -2.00% -1.50% -6.45% Jun/21
Cotton
USd/Lbs
83.92 0.50 -0.59% -1.21% 1.33% 7.42% Jun/21
Coffee
USd/Lbs
149.00 0.90 -0.60% -3.31% 0.00% 16.18% Jun/21
Canola
CAD/T
736.10 27.00 -3.54% -13.78% -16.16% 16.93% Jun/21
Sugar
USd/Lbs
16.41 0.02 -0.12% -5.09% -2.50% 5.94% Jun/21
Cocoa
USD/T
2,302.00 9.00 -0.39% -2.04% -6.76% -11.56% Jun/18
Corn
USd/BU
647.2500 8.00 -1.22% -1.82% -1.52% 33.73% Jun/21

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
20.62 0.24 -1.15% -0.48% 4.99% 13.67% Jun/18
Poultry
BRL/Kgs
7.36 0.02 -0.27% 0.55% 3.08% 22.46% Jun/18
Feeder Cattle
USd/Lbs
155.0250 2.38 -1.51% 2.55% 13.51% 11.57% Jun/18
Live Cattle
USd/Lbs
121.1000 1.00 0.83% 2.02% 3.59% 5.28% Jun/18
Lean Hogs
USd/Lbs
109.1500 1.85 -1.67% -9.02% -1.62% 55.32% Jun/18

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
4.0500 0.07 -1.81% -10.54% -10.82% 15.09% Jun/21
Coal
USD/T
119.23 0.07 -0.06% -0.23% 24.13% 46.80% Jun/18
Steel
CNY/T
4,931.00 50.00 -1.00% 1.54% -0.58% 16.85% Jun/21
Iron Ore
USD/T
217.50 3.50 -1.58% -1.58% 3.33% 37.22% Jun/18
Lithium
CNY/T
89,000.00 0.00 0.00% 0.00% 0.00% 91.40% Jun/21
Bitumen
CNY/T
3,186.00 14.00 -0.44% -1.48% 1.85% 33.75% Jun/21
Palladium
USD/t.oz
2,521.24 55.82 2.26% -8.35% -7.59% 3.01% Jun/21
Aluminum
USD/T
2,380.00 4.00 -0.17% -4.14% -0.46% 20.16% Jun/21
Tin
USD/T
29,960.00 157.50 0.53% -5.49% 1.60% 47.48% Jun/21
Zinc
USD/T
2,832.25 6.25 -0.22% -7.36% -3.98% 2.95% Jun/21
Cobalt
USD/T
44,540.00 0.00 0.00% 4.71% 2.04% 38.37% Jun/18
Lead
USD/T
2,145.25 32.25 1.53% -2.53% -1.30% 8.58% Jun/18
Nickel
USD/T
17,126.00 17.00 -0.10% -5.92% -0.94% 3.46% Jun/18
Molybdenum
USD/Kg
50.50 0.00 0.00% 45.32% 74.14% 114.89% Jun/18
Gallium
CNY/Kg
2,145.00 0.00 0.00% 0.00% 0.47% 23.28% Jun/18
Germanium
CNY/Kg
7,550.00 0.00 0.00% 0.67% 3.42% 6.34% Jun/18
Manganese
CNY/T
32.25 0.00 0.00% 0.00% 0.00% 3.20% Jun/18
Indium
CNY/Kg
1,145.00 0.00 0.00% -0.87% -6.53% -3.78% Jun/18
Soda Ash
CNY/T
1,846.00 0.00 0.00% 0.00% 4.89% 37.76% Jun/21
Neodymium
CNY/T
590,000.00 0.00 0.00% -2.07% -5.98% -5.22% Jun/18
Tellurium
CNY/Kg
582.50 0.00 0.00% 0.00% 0.87% 25.27% Jun/18
Iron Ore 62% fe
USD/T
214.21 0.48 -0.22% 0.51% 1.06% 37.46% Jun/18
Rhodium
USD/t oz.
22,000.00 750.00 -3.30% -1.35% -21.99% 29.41% Jun/18

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
218.78 1.72 0.79% -3.01% 1.98% 22.71% Jun/18
LME Index
Index Points
3,993.00 60.40 -1.49% -6.79% -5.59% 16.94% Jun/18
S&P GSCI
Index Points
2,520.48 21.94 0.88% -2.25% 3.54% 27.49% Jun/18
Wind Energy Index
USD
349.37 0.56 0.16% -2.53% -1.45% -8.09% Jun/21
EU Carbon Permits
EUR
52.79 0.89 1.71% -0.21% 0.04% 61.34% Jun/21
Solar Energy Index
USD
399.37 2.10 -0.52% 1.06% 6.92% -14.43% Jun/21
Nuclear Energy Index
USD
1,346.65 3.95 -0.29% -4.14% -3.16% 7.18% Jun/21