Brent crude futures extended previous sessions gains to trade around $45.6 a barrel, its highest level March 6th helped by a weaker dollar, prospects of a fresh stimulus in the US and reports of a drop in US crude inventories from both EIA and API. Latest EIA figures showed US crude inventories fell by 7.373 million barrels last week, in line with data API data released on Tuesday which showed a decline of 8.587 million barrels. Putting a lid on prices were worries about fuel demand recovery as the number of COVID-19 infections continue to rise.

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 August of 2020.

Brent crude oil is expected to trade at 43.19 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 37.37 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 Yearly Date
Crude Oil
USD/Bbl
42.3700 0.18 0.43% 6.14% 4.31% -17.07% Aug/06
Brent
USD/Bbl
45.5500 0.38 0.84% 6.08% 5.73% -18.99% Aug/06
Natural gas
USD/MMBtu
2.2170 0.00 -0.05% 20.23% 18.11% 6.43% Aug/06
Gasoline
USD/Gal
1.2446 0.02 1.47% 1.02% -2.22% -23.19% Aug/06
Heating oil
USD/Gal
1.2590 0.01 -0.66% 2.47% 1.72% -28.19% Aug/06
Ethanol
USD/Gal
1.1300 0.03 2.26% 5.61% -16.30% -20.37% Aug/06
Naphtha
USD/T
366.67 3.72 1.02% -4.24% -5.32% -14.97% Aug/05
Propane
USD/Gal
0.51 0.00 0.79% 2.81% 6.65% 27.54% Aug/05
Uranium
USD/Lbs
32.2500 0.05 -0.15% 1.74% -2.27% 27.47% Aug/05

Metals Price Day Weekly Monthly Yearly Date
Gold
USD/t.oz
2,058.00 21.30 1.05% 5.03% 14.65% 37.13% Aug/06
Silver
USD/t.oz
28.205 1.31 4.85% 19.79% 54.33% 64.94% Aug/06
Platinum
USD/t.oz
978.23 11.10 1.15% 8.36% 17.09% 13.48% Aug/06

Agricultural Price Day Weekly Monthly Yearly Date
Soybeans
USd/Bu
880.5000 0.25 -0.03% -1.34% -1.59% 3.74% Aug/06
Wheat
USd/Bu
503.2500 7.00 -1.37% -4.82% 2.18% 3.07% Aug/06
Cheese
USD/Lbs
2.0840 0.01 0.29% -19.47% -15.83% 14.25% Aug/06
Palm Oil
MYR/T
2,535.00 29.00 1.16% 1.56% 5.10% 8.15% Aug/06
Milk
USD/CWT
19.67 0.12 0.61% -19.85% -16.08% 12.40% Aug/06
Rice
USD/cwt
11.6750 0.01 -0.04% 1.21% -29.33% 2.68% Aug/06
Rubber
JPY/Kg
162.50 0.20 -0.12% 0.31% 14.44% -15.89% Aug/06
Wool
AUD/100Kg
1,006.00 128.00 -11.29% -11.29% -9.86% -41.61% Aug/05
Tea
USD/Kgs
3.19 0.80 33.47% 33.47% 37.50% 14.75% Aug/05
Oat
USd/Bu
274.0000 0.25 -0.09% -1.08% -20.35% 1.86% Aug/06
Orange Juice
USd/Lbs
114.95 0.20 -0.17% -4.76% -8.22% 13.81% Aug/06
Coffee
USd/Lbs
117.95 3.60 -2.96% 2.25% 18.84% 21.72% Aug/06
Sugar
USd/Lbs
12.91 0.37 2.95% 6.61% 5.99% 13.84% Aug/06
Lumber
USD/1000 board feet
632.20 9.60 1.54% 8.92% 34.23% 76.59% Aug/06
Canola
CAD/T
489.20 0.80 0.16% -0.18% 5.43% 8.86% Aug/06
Cotton
USd/Lbs
64.14 0.22 -0.34% 2.10% 1.42% 9.49% Aug/06
Cocoa
USD/T
2,517.00 36.00 1.45% 7.38% 13.53% 13.17% Aug/06
Corn
USd/BU
310.7500 0.75 0.24% -1.58% -8.06% -23.55% Aug/06

Livestock Price Day Weekly Monthly Yearly Date
Beef
BRL/Kg
15.44 0.02 0.13% 5.75% 6.04% 46.77% Aug/05
Poultry
BRL/Kgs
4.94 0.06 1.23% 1.65% 1.44% 5.33% Aug/05
Lean Hogs
USd/Lbs
49.9000 0.45 0.91% -3.01% 11.95% -35.80% Aug/06
Feeder Cattle
USd/Lbs
143.8000 1.20 -0.83% 0.40% 6.28% 3.05% Aug/06
Live Cattle
USd/Lbs
102.4750 0.28 0.27% 0.86% 2.37% -4.76% Aug/06

Industrial Price Day Weekly Monthly Yearly Date
Copper
USD/Lbs
2.9020 0.01 -0.27% -0.24% 4.63% 13.14% Aug/06
Lithium
CNY/T
39,000.00 0.00 0.00% 0.00% -3.70% -40.46% Aug/06
Bitumen
CNY/T
2,640.00 38.00 -1.42% -1.64% -6.58% -20.19% Aug/06
Steel
CNY/T
3,813.00 7.00 0.18% 0.63% 3.36% 0.29% Aug/06
Coal
USD/T
55.50 0.95 -1.68% 5.31% 0.04% -23.76% Aug/06
Palladium
USD/t.oz
2,199.64 17.35 0.79% 5.60% 14.78% 55.45% Aug/06
Aluminum
USD/T
1,763.25 26.75 1.54% 2.26% 7.91% 1.05% Aug/06
Tin
USD/T
17,867.50 2.50 0.01% 0.22% 5.24% 6.64% Aug/06
Zinc
USD/T
2,401.25 24.00 1.01% 4.71% 16.00% 6.20% Aug/06
Cobalt
USD/T
33,200.00 0.00 0.00% 14.48% 16.49% 17.31% Aug/05
Lead
USD/T
1,915.00 52.50 2.82% 3.21% 7.40% -4.62% Aug/05
Nickel
USD/T
14,381.00 311.00 2.21% 3.99% 8.26% -2.84% Aug/05
Molybdenum
USD/Kg
19.38 0.00 0.00% 0.00% 0.00% -28.88% Aug/05
Iron Ore
USD/T
115.50 0.00 0.00% 6.45% 13.24% 21.58% Aug/05
Neodymium
CNY/T
405,500.00 0.00 0.00% 2.53% 5.32% 4.65% Aug/05
Iron Ore 62% fe
USD/T
116.2700 0.72 0.62% 7.78% 14.51% 20.41% Aug/05
Rhodium
USD/t oz.
8,950.00 50.00 0.56% 1.99% 9.82% 146.56% Aug/05
Soda Ash
CNY/T
1,383.33 0.00 0.00% 6.41% 10.08% -17.50% Aug/06
Manganese
CNY/T
32.50 1.00 -2.99% -4.41% -10.96% -15.03% Aug/05

Index Price Day Weekly Monthly Yearly Date
Baltic Dry
Index Points
1,475.00 12.00 0.82% 12.00% -24.59% -13.84% Aug/05
CRB Index
Index Points
157.95 0.84 0.54% 3.03% 5.55% -10.49% Aug/05
LME Index
Index Points
2,933.70 26.40 0.91% 1.47% 7.53% 7.94% Aug/05
S&P GSCI
Index Points
1,766.33 18.34 1.05% 2.02% 4.18% -22.80% Aug/05