Brent crude futures went down more than 2% to trade around $47.1 a barrel on Monday, ahead two-day OPEC+ meeting where members will decide whether to extend large output cuts to balance global markets. At the same time, investors remain worried about near term fuel demand as the number of global coronavirus infections continue to rise. Still, for the month the Brent crude is on track for an increase of over 25%, its biggest gain since May, boosted by hopes that a coronavirus vaccine will be rolled out soon, a possible delay in OPEC+’s planned production increase in January and the formal start of Joe Biden’s transition.

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 November of 2020.

Brent crude oil is expected to trade at 44.79 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 38.75 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
45.1600 0.37 -0.81% 4.88% 22.68% -26.20% Nov/30
Brent
USD/Bbl
47.7400 0.44 -0.91% 3.65% 22.50% -28.09% Nov/30
Natural gas
USD/MMBtu
2.9550 0.11 3.97% 9.00% -8.91% 37.55% Nov/30
Gasoline
USD/Gal
1.2369 0.05 -3.52% 2.73% 17.58% -27.95% Nov/30
Heating oil
USD/Gal
1.3687 0.01 -0.85% 4.44% 23.05% -32.45% Nov/30
Ethanol
USD/Gal
1.0400 0.33 -24.09% -25.18% -29.25% -25.56% Nov/27
Naphtha
USD/T
371.07 0.03 0.01% 1.43% -1.40% -30.79% Nov/27
Propane
USD/Gal
0.55 0.00 -0.02% 0.68% -0.46% 23.10% Nov/30
Uranium
USD/Lbs
29.2000 0.05 0.17% 1.57% -0.68% 17.51% Nov/27

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,779.10 9.03 -0.50% -3.09% -6.12% 16.41% Nov/30
Silver
USD/t.oz
22.672 0.02 -0.10% -3.84% -5.69% 25.82% Nov/30
Platinum
USD/t.oz
967.41 3.09 0.32% 0.65% 12.69% 0.46% Dec/01

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,165.0000 27.50 -2.31% -2.20% 11.06% 21.72% Nov/30
Wheat
USd/Bu
580.2500 16.25 -2.72% -3.09% -4.49% 3.36% Nov/30
Palm Oil
MYR/T
2,769.00 1.00 -0.04% -3.25% 6.91% 0.11% Nov/30
Cheese
USD/Lbs
2.4400 0.01 0.45% 0.33% 6.60% 35.26% Nov/30
Milk
USD/CWT
23.25 0.14 0.61% 0.48% 7.69% 36.28% Nov/30
Rubber
JPY/Kg
250.50 8.00 3.30% 0.20% -16.16% 42.17% Nov/30
Orange Juice
USd/Lbs
128.90 0.20 0.16% 0.98% 9.14% 35.90% Nov/30
Coffee
USd/Lbs
120.20 0.80 0.67% 5.02% 16.93% -5.43% Nov/30
Lumber
USD/1000 board feet
634.90 4.00 0.63% 2.67% 25.23% 56.11% Nov/30
Oat
USd/Bu
284.7500 0.25 0.09% -0.87% -2.65% -4.45% Nov/30
Wool
AUD/100Kg
1,150.00 0.00 0.00% -0.78% 1.05% -26.19% Nov/27
Cotton
USd/Lbs
70.59 0.94 -1.31% -2.16% 2.71% 1.91% Nov/30
Cocoa
USD/T
3,008.00 27.00 -0.89% -0.46% 33.27% 18.80% Nov/30
Rice
USD/cwt
12.5550 0.12 -0.95% 0.92% 0.08% -2.94% Nov/30
Canola
CAD/T
577.20 5.80 -0.99% -1.18% 8.91% 22.42% Nov/30
Sugar
USd/Lbs
14.49 0.33 -2.23% -4.36% -3.21% 10.36% Nov/30
Tea
USD/Kgs
2.71 0.00 0.00% 0.00% 1.12% 8.40% Nov/27
Corn
USd/BU
420.0000 5.50 -1.29% -1.52% 5.66% 8.46% Nov/30

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
18.95 0.04 -0.21% -0.05% 6.58% 31.78% Nov/27
Feeder Cattle
USd/Lbs
141.0750 1.25 0.89% 2.36% 2.99% -2.47% Nov/30
Live Cattle
USd/Lbs
110.1250 0.50 -0.45% 0.11% 1.45% -12.30% Nov/30
Lean Hogs
USd/Lbs
67.7250 1.85 2.81% 4.27% 2.69% -5.35% Nov/30
Poultry
BRL/Kgs
6.36 0.00 0.00% -2.45% 4.78% 18.88% Nov/27

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
3.4235 0.02 0.63% 4.98% 11.04% 21.53% Nov/30
Lithium
CNY/T
39,000.00 0.00 0.00% 0.00% 0.00% -21.21% Nov/30
Bitumen
CNY/T
2,410.00 24.00 -0.99% 3.34% 16.31% -21.60% Nov/30
Steel
CNY/T
4,014.00 26.00 -0.64% -2.69% 8.93% 7.27% Nov/27
Coal
USD/T
69.00 0.08 0.12% 2.99% 12.75% -0.98% Nov/30
Palladium
USD/t.oz
2,372.58 1.50 0.06% 1.02% 7.28% 22.33% Dec/01
Cobalt
USD/T
32,390.00 0.00 0.00% 0.00% -2.75% -1.10% Nov/27
Lead
USD/T
2,089.45 66.30 3.28% 4.43% 17.09% 9.20% Nov/27
Aluminum
USD/T
2,039.25 41.00 2.05% 3.70% 9.04% 13.01% Nov/30
Tin
USD/T
18,665.00 270.00 -1.43% 0.15% 4.71% 8.58% Nov/30
Zinc
USD/T
2,778.75 30.00 -1.07% 1.63% 9.25% 20.29% Nov/30
Nickel
USD/T
16,410.75 186.25 1.15% 1.83% 4.49% 17.64% Nov/27
Molybdenum
USD/Kg
23.50 0.00 0.00% 0.00% 13.53% 6.58% Nov/27
Iron Ore
USD/T
129.50 1.50 1.17% 1.97% 11.64% 40.76% Nov/27
Soda Ash
CNY/T
1,576.00 24.00 -1.50% -13.25% -15.57% 0.60% Nov/30
Neodymium
CNY/T
630,000.00 20,000.00 3.28% 24.02% 42.53% 74.03% Nov/27
Iron Ore 62% fe
USD/T
124.6200 0.37 0.30% 1.17% 5.89% 34.61% Nov/30
Rhodium
USD/t oz.
16,100.00 0.00 0.00% 1.90% 11.81% 166.12% Nov/27
Manganese
CNY/T
28.00 0.00 0.00% 0.00% -5.08% -11.11% Nov/27

Index Price Day Weekly Monthly YTD Date
Baltic Dry
Index Points
1,227.00 3.00 -0.24% 4.96% -4.44% 25.72% Nov/30
CRB Index
Index Points
171.03 0.62 0.37% 3.08% 9.76% -13.02% Nov/27
LME Index
Index Points
3,354.60 44.10 1.33% 2.01% 10.39% 17.98% Nov/27
S&P GSCI
Index Points
1,877.49 2.37 0.13% 3.80% 10.88% -27.56% Nov/27