Oil prices continued to fall on Tuesday, extending Monday’s losses amid persistent concerns over US supplies after reports that Cushing, Oklahoma crude inventories rose by more than 1 million barrels from December 11th to 14th. Also, a sell-off in financial markets weighted on sentiment. The US crude was down 3.2% to $48 a barrel, hitting its lowest level since September 11th 2017 and the Brent crude fell 3.3% to $58 a barrel, the lowest level since October 23th last year around 09:40 AM London time. Historically, Crude oil reached an all time high of 145.31 in July of 2008 and a record low of 1.17 in February of 1946.

Crude oil is expected to trade at 55.73 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 52.75 in 12 months time.


Crude oil
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Energy Price Day Weekly Monthly Yearly Date
Crude Oil 46.3404 3.60 -7.22% -10.28% -18.36% -19.35% Dec/18
Brent 56.4710 3.17 -5.32% -6.19% -15.45% -11.49% Dec/18
Natural gas 3.7997 0.28 7.85% -13.78% -19.16% 41.15% Dec/18
Gasoline 1.3538 0.06 -4.02% -5.97% -14.47% -20.21% Dec/18
Heating oil 1.7638 0.06 -3.45% -4.51% -15.46% -9.08% Dec/18
Ethanol 1.2476 0.01 -0.95% 1.11% -0.51% -1.61% Dec/18
Naphtha 473.62 0.61 -0.13% 1.20% -10.52% -17.02% Dec/17
Propane 0.70 0.01 -0.94% -4.83% -9.79% -26.05% Dec/17
Uranium 28.6000 0.10 -0.35% -0.87% -1.89% 19.17% Dec/17

Metals Price Day Weekly Monthly Yearly Date
Gold 1,250.05 4.04 0.32% 0.58% 2.13% -0.92% Dec/18
Silver 14.6459 0.02 -0.14% 0.80% 1.55% -9.14% Dec/18
Platinum 786.99 6.51 -0.82% 0.67% -7.75% -13.87% Dec/18
Palladium 1,251.00 7.24 -0.58% 0.60% 7.68% 22.36% Dec/18
Manganese 42.00 0.00 0.00% 0.00% -2.33% 16.67% Dec/17
Neodymium 402,500.00 0.00 0.00% 0.00% 1.26% -0.62% Dec/17
Rhodium 2,530.00 30.00 -1.17% -2.69% 0.60% 62.18% Dec/17

Agricultural Price Day Weekly Monthly Yearly Date
Soybeans 906.5287 2.00 0.22% -0.93% 3.75% -5.17% Dec/18
Wheat 533.3492 2.50 -0.47% 4.63% 6.99% 27.14% Dec/18
Cotton 77.85 0.69 -0.88% -2.71% 2.60% 3.76% Dec/18
Rice 10.5123 0.06 -0.52% -1.25% -2.39% -10.22% Dec/18
Cheese 1.3810 0.00 0.15% 0.73% -5.22% -16.61% Dec/18
Palm Oil 2,062.00 98.00 4.99% 14.24% 14.56% -16.48% Dec/18
Milk 13.84 0.04 0.29% 0.95% -4.88% -10.36% Dec/18
Rubber 149.00 1.10 -0.73% 3.76% 12.11% -24.75% Dec/18
Coffee 95.75 1.05 1.11% -1.95% -14.78% -21.36% Dec/18
Lumber 325.30 4.60 1.43% 2.81% -9.26% -24.56% Dec/18
Sugar 12.30 0.19 -1.52% -4.13% -3.91% -14.64% Dec/18
Orange Juice 135.75 3.85 -2.76% -1.49% -3.28% -3.59% Dec/18
Canola 488.30 9.90 2.07% 0.58% 3.19% -1.11% Dec/18
Oat 286.2009 2.00 -0.69% 0.25% -6.01% 16.11% Dec/18
Wool 1,862.00 0.00 0.00% 0.70% 5.32% 5.80% Dec/17
Tea 2.97 0.00 0.00% 2.06% -5.41% -6.01% Dec/17
Cocoa 2,271.00 41.00 1.84% 9.92% 5.38% 18.78% Dec/18
Corn 384.3458 1.00 0.26% 2.49% 6.10% 10.60% Dec/18

Livestock Price Day Weekly Monthly Yearly Date
Live Cattle 119.5902 0.58 0.48% 1.03% 2.96% -0.34% Dec/18
Lean Hogs 62.5645 1.25 -1.96% 14.90% 2.52% -6.48% Dec/18
Beef 10.62 0.02 0.19% 0.38% 3.31% 3.61% Dec/17
Poultry 4.56 0.00 0.00% -0.44% 1.11% 23.91% Dec/17
Feeder Cattle 146.1965 0.85 0.58% -0.75% -0.73% 0.69% Dec/18

Industrial Price Day Weekly Monthly Yearly Date
Copper 2.6950 0.06 -2.11% -2.57% -3.90% -13.83% Dec/18
Bitumen 2,680.00 30.00 1.13% -1.69% -15.62% 12.98% Dec/14
Steel 3,740.00 19.00 0.51% 2.47% -10.33% -11.06% Dec/14
Cobalt 55,000 0.00 0.00% 0.00% 0.00% -23.88% Dec/17
Lead 1,941.25 0.00 0.00% -2.09% 1.52% -24.89% Dec/17
Aluminum 1,943.25 1.00 0.05% 0.05% 0.26% -7.62% Dec/17
Tin 19,396.00 160.00 -0.82% % -1.84% -0.59% Dec/17
Zinc 2,589.50 17.00 0.67% % -1.23% -19.78% Dec/17
Nickel 11,009.50 0.00 0.00% 1.51% -1.55% -6.52% Dec/17
Molybdenum 25,000.00 0.00 0.00% 0.00% 0.00% 58.73% Dec/17
Iron Ore 69.00 1.50 2.22% 2.99% -8.00% -4.83% Dec/17
Coal 101.73 0.40 -0.39% 0.08% 3.75% 1.15% Dec/18
Iron Ore 62% fe 68.4900 0.37 0.54% 2.98% -9.04% -2.71% Dec/18
Lithium 111.58 2.62 -2.29% -4.42% -8.46% -24.15% Dec/17

Index Price Day Weekly Monthly Yearly Date
CRB Index 184.19 2.44 -1.31% -3.32% -3.91% -2.49% Dec/17
LME Index 2,875.50 0.00 0.00% -0.79% -0.82% -11.25% Dec/17
S&P GSCI 2,387.69 0.00 0.00% -2.41% -5.40% -1.84% Dec/17
Baltic Dry 1,395.00 11.00 -0.78% 0.72% 36.36% -9.83% Dec/18


Crude oil

Crude oil is the world's most actively traded commodity. Crude Oil 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 - Crude oil - actual values, historical data, forecast, chart, statistics, economic calendar and news. Crude oil - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
46.24 49.88 145.31 1.17 1946 - 2018 USD/BBL Daily