Brent increased 1.25 USD/BBL or 2.04% to 62.46 on Friday January 18 from 61.18 in the previous trading session. Historically, Brent crude oil reached an all time high of 145.61 in July of 2008 and a record low of 2.23 in May of 1970.

Brent crude oil is expected to trade at 52.22 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 48.73 in 12 months time.


Brent crude oil
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Forecast Data Chart
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Energy Price Day Weekly Monthly Yearly Date
Crude Oil 53.6703 1.51 2.90% 4.03% 13.71% -15.31% Jan/18
Brent 62.4515 1.30 2.12% 3.26% 9.10% -8.98% Jan/18
Natural gas 3.3314 0.08 -2.34% 7.50% -10.59% 4.60% Jan/18
Gasoline 1.4411 0.01 0.76% 2.88% 3.95% -22.67% Jan/18
Heating oil 1.9060 0.03 1.35% 1.40% 5.57% -7.41% Jan/18
Ethanol 1.2690 0.00 0.00% -0.08% 0.71% -4.73% Jan/18
Naphtha 460.89 2.26 -0.49% -1.16% -2.69% -22.22% Jan/17
Propane 0.66 0.00 -0.57% 0.59% -2.21% -28.38% Jan/17
Uranium 28.8500 0.05 -0.17% -0.17% 0.87% 23.29% Jan/17

Metals Price Day Weekly Monthly Yearly Date
Gold 1,285.34 8.30 -0.64% -0.17% 3.41% -3.46% Jan/18
Silver 15.3720 0.12 -0.75% -1.45% 5.31% -9.58% Jan/18
Platinum 804.50 0.50 -0.06% -0.74% 2.34% -20.58% Jan/18
Palladium 1,373.50 22.50 -1.61% 4.21% 9.01% 24.33% Jan/18
Manganese 39.50 0.00 0.00% 0.00% -5.95% 11.27% Jan/17
Neodymium 399,500.00 0.00 0.00% 0.00% -0.75% -11.22% Jan/17
Rhodium 2,460.00 0.00 0.00% 0.00% -2.77% 45.56% Jan/17

Agricultural Price Day Weekly Monthly Yearly Date
Soybeans 914.1656 8.25 0.91% 1.66% 1.57% -6.46% Jan/18
Wheat 516.6682 0.25 -0.05% -0.55% -1.12% 22.22% Jan/18
Cotton 74.04 0.33 -0.44% 2.14% -3.48% -11.24% Jan/18
Rice 10.6807 0.18 1.71% 1.43% 1.72% -11.83% Jan/18
Cheese 1.3870 0.00 -0.07% -0.36% 0.43% -7.72% Jan/17
Palm Oil 2,142.00 21.00 0.99% 2.34% 0.14% -12.03% Jan/18
Milk 13.99 0.01 -0.07% -0.64% 1.01% 0.79% Jan/18
Rubber 195.00 5.00 2.63% 3.83% 30.87% -4.18% Jan/18
Orange Juice 120.00 0.50 0.42% -0.83% -11.96% -18.09% Jan/18
Wool 1,923.00 1.00 -0.05% 3.28% 3.28% 6.77% Jan/17
Tea 2.96 0.00 0.00% -7.50% -0.34% -9.20% Jan/17
Canola 484.10 0.90 0.19% 0.39% 0.77% -2.40% Jan/18
Cocoa 2,303.00 32.00 -1.37% -2.25% -0.60% 19.26% Jan/18
Lumber 356.70 2.70 -0.75% 8.09% 9.65% -25.69% Jan/18
Sugar 13.03 0.18 1.40% 1.96% 4.49% -1.66% Jan/18
Coffee 104.95 2.55 2.49% 1.06% 4.07% -13.44% Jan/18
Oat 298.0172 2.00 0.68% 1.11% 4.02% 15.51% Jan/18
Corn 379.7954 0.50 0.13% 0.41% -0.51% 7.74% Jan/18

Livestock Price Day Weekly Monthly Yearly Date
Live Cattle 126.4448 0.83 -0.65% 1.18% 5.61% 3.73% Jan/18
Lean Hogs 61.7081 0.78 1.27% -1.50% -1.58% -14.38% Jan/18
Beef 10.50 0.05 -0.47% -2.78% -1.13% 4.69% Jan/17
Poultry 4.50 0.00 0.00% -0.22% -1.32% 21.95% Jan/17
Feeder Cattle 141.7861 0.18 0.12% -2.97% -3.02% -4.17% Jan/18

Industrial Price Day Weekly Monthly Yearly Date
Copper 2.7405 0.04 1.48% 2.66% 0.70% -13.47% Jan/18
Bitumen 2,900.00 42.00 1.47% 14.26% 10.43% 15.45% Jan/18
Steel 3,705.00 75.00 2.07% 2.04% -1.54% -5.56% Jan/18
Cobalt 40,000 0.00 0.00% -9.09% -31.03% -49.84% Jan/17
Coal 101.52 0.27 0.27% 4.00% -0.60% -4.06% Jan/17
Lead 1,956.25 0.00 0.00% -0.18% 1.70% -24.24% Jan/17
Aluminum 1,844.25 17.00 0.93% -0.86% -4.16% -16.89% Jan/17
Tin 20,690.00 95.00 -0.46% 2.16% 7.11% -0.12% Jan/17
Zinc 2,554.25 28.00 -1.13% -0.20% -2.54% -28.11% Jan/17
Nickel 11,563.50 0.00 0.00% 3.39% 6.01% -8.79% Jan/17
Molybdenum 25,000.00 0.00 0.00% 0.00% 0.00% 58.73% Jan/17
Iron Ore 74.00 0.00 0.00% -0.67% 7.25% -1.33% Jan/17
Soda Ash 2,080.00 0.00 0.00% -0.80% 3.14% 12.43% Jan/17
Iron Ore 62% fe 74.5100 0.08 0.11% 0.61% 9.38% -2.83% Jan/17
Lithium 111.12 0.11 -0.10% -0.25% -0.41% -24.00% Jan/17

Index Price Day Weekly Monthly Yearly Date
Baltic Dry 1,077.00 22.00 2.09% -13.00% -23.40% -4.27% Jan/17
CRB Index 186.49 0.13 0.07% 0.45% 1.25% -6.18% Jan/17
LME Index 2,831.40 0.00 0.00% 0.65% -1.53% -16.12% Jan/17
S&P GSCI 2,389.62 0.00 0.00% 0.17% 1.46% -8.35% Jan/17


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. This page provides - Brent crude oil - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brent crude oil - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
62.45 61.18 145.61 2.23 1970 - 2019 USD/BBL Daily
MAR 16