Oil prices recovered some ground on Monday, fueled by hopes that oil demand is recovering despite surging coronavirus cases worldwide. Saudi Aramco’s Chief Executive Amin Nasser said on Sunday that he sees oil demand recovering in Asia as coronavirus-induced restrictions on travel and business are being gradually lifted. On the supply side, Iraq’s commitments for an additional cut in its oil production of about 400,000 barrels per day in August to compensate for its overproduction in June and May brought some relief to markets.

Historically, Crude oil reached an all time high of 147.27 in July of 2008. Crude oil - data, forecasts, historical chart - was last updated on August of 2020.

Crude oil is expected to trade at 39.20 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 33.71 in 12 months time.

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Crude oil


Crude oil
The West Texas Intermediate (WTI) benchmark for US crude 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.
Energy Price Day Weekly Monthly Yearly Date
Crude Oil
USD/Bbl
41.6000 0.38 0.92% 1.44% 2.59% -23.45% Aug/09
Brent
USD/Bbl
44.6900 0.29 0.65% 3.21% 3.23% -23.29% Aug/09
Natural gas
USD/MMBtu
2.2440 0.01 -0.31% 23.70% 22.69% 6.60% Aug/09
Gasoline
USD/Gal
1.2134 0.00 -0.03% 3.04% -5.74% -27.13% Aug/09
Heating oil
USD/Gal
1.2249 0.03 -2.18% -0.37% -0.83% -32.17% Aug/07
Ethanol
USD/Gal
1.1210 0.02 -1.67% 4.77% -16.34% -22.26% Aug/07
Naphtha
USD/T
368.38 2.33 -0.63% -3.27% -5.06% -16.81% Aug/07
Propane
USD/Gal
0.50 0.00 -0.90% 1.79% 2.62% 23.32% Aug/07
Uranium
USD/Lbs
32.2500 0.00 0.00% 2.87% -2.12% 27.47% Aug/07

Metals Price Day Weekly Monthly Yearly Date
Gold
USD/t.oz
2,027.90 6.80 -0.33% 2.69% 12.10% 34.20% Aug/09
Silver
USD/t.oz
28.200 0.14 -0.51% 15.83% 50.80% 65.35% Aug/09
Platinum
USD/t.oz
961.72 36.19 -3.63% 6.03% 14.00% 12.81% Aug/07

Agricultural Price Day Weekly Monthly Yearly Date
Soybeans
USd/Bu
871.5000 8.75 -0.99% -2.90% -2.68% 1.16% Aug/07
Wheat
USd/Bu
495.0000 1.00 -0.20% -6.74% -4.02% 4.93% Aug/09
Palm Oil
MYR/T
2,529.00 0.00 0.00% -0.28% 4.33% 5.24% Aug/08
Cheese
USD/Lbs
2.0610 0.04 -2.04% -20.36% -17.59% 12.87% Aug/07
Milk
USD/CWT
19.36 0.45 -2.27% -21.14% -18.21% 9.94% Aug/07
Wool
AUD/100Kg
1,006.00 0.00 0.00% -11.29% -11.29% -39.98% Aug/07
Rice
USD/cwt
11.5250 0.05 0.39% -0.60% -29.36% -0.39% Aug/07
Tea
USD/Kgs
3.19 0.00 0.00% 33.47% 25.59% 16.00% Aug/07
Rubber
JPY/Kg
164.70 2.20 1.35% 1.17% 15.17% -13.32% Aug/07
Sugar
USd/Lbs
12.67 0.27 -2.09% 0.24% 4.88% 9.60% Aug/07
Cocoa
USD/T
2,546.00 36.00 1.43% 6.08% 14.63% 16.04% Aug/07
Coffee
USd/Lbs
115.45 1.55 -1.32% -2.94% 16.68% 23.15% Aug/07
Orange Juice
USd/Lbs
114.35 0.85 -0.74% -6.08% -10.59% 15.68% Aug/07
Canola
CAD/T
489.90 0.10 0.02% -0.33% 5.99% 8.29% Aug/07
Cotton
USd/Lbs
61.88 2.53 -3.93% -0.67% -4.30% 6.63% Aug/07
Lumber
USD/1000 board feet
648.00 6.40 1.00% 10.62% 33.61% 89.03% Aug/07
Oat
USd/Bu
273.7500 1.75 0.64% -0.99% -18.04% 0.74% Aug/07
Corn
USd/BU
307.5000 0.25 -0.08% -2.46% -11.13% -20.18% Aug/09

Livestock Price Day Weekly Monthly Yearly Date
Beef
BRL/Kg
15.54 0.00 0.00% 2.04% 7.02% 47.16% Aug/07
Poultry
BRL/Kgs
4.94 0.00 0.00% 1.65% 1.23% 5.33% Aug/07
Feeder Cattle
USd/Lbs
142.7500 0.70 -0.49% -1.23% 6.69% 6.21% Aug/07
Live Cattle
USd/Lbs
102.6500 0.05 0.05% -0.02% 3.45% -2.28% Aug/07
Lean Hogs
USd/Lbs
50.9000 1.13 2.26% -2.02% 15.62% -35.71% Aug/07

Industrial Price Day Weekly Monthly Yearly Date
Copper
USD/Lbs
2.7865 0.12 -4.15% -2.21% -0.98% 8.00% Aug/07
Lithium
CNY/T
39,000.00 0.00 0.00% 0.00% -3.70% -40.46% Aug/07
Steel
CNY/T
3,781.00 32.00 -0.84% 3.31% 4.07% 0.05% Aug/07
Bitumen
CNY/T
2,688.00 48.00 1.82% 0.52% -3.45% -19.52% Aug/07
Coal
USD/T
56.27 1.19 2.16% 6.03% 2.93% -21.68% Aug/07
Palladium
USD/t.oz
2,176.29 45.12 -2.03% 4.41% 10.46% 52.45% Aug/09
Cobalt
USD/T
28,500.00 4,700.00 -14.16% -2.73% 0.00% -9.52% Aug/07
Lead
USD/T
1,807.00 141.50 -7.26% -2.94% 0.37% -13.01% Aug/07
Aluminum
USD/T
1,747.00 30.25 -1.70% 1.96% 4.92% -1.30% Aug/07
Tin
USD/T
17,747.50 85.00 -0.48% -0.45% 3.89% 5.48% Aug/07
Zinc
USD/T
2,386.50 17.50 -0.73% 3.08% 11.99% 4.76% Aug/07
Nickel
USD/T
13,650.75 785.25 -5.44% -0.64% 1.53% -12.94% Aug/07
Molybdenum
USD/Kg
19.38 0.00 0.00% 0.00% 0.00% -30.79% Aug/07
Iron Ore
USD/T
117.50 0.00 0.00% 7.31% 10.85% 29.12% Aug/07
Soda Ash
CNY/T
1,383.33 0.00 0.00% 6.41% 10.08% -17.50% Aug/07
Neodymium
CNY/T
417,500.00 7,000.00 1.71% 4.38% 7.60% 7.74% Aug/07
Iron Ore 62% fe
USD/T
118.0700 0.82 -0.69% 8.42% 12.42% 24.27% Aug/07
Rhodium
USD/t oz.
9,750.00 650.00 7.14% 9.55% 14.71% 160.70% Aug/07
Manganese
CNY/T
33.00 0.50 1.54% -2.22% -9.59% -13.16% Aug/07

Index Price Day Weekly Monthly Yearly Date
Baltic Dry
Index Points
1,501.00 1.00 0.07% 11.19% -18.82% -15.39% Aug/07
CRB Index
Index Points
155.98 1.86 -1.18% 2.20% 3.46% -13.04% Aug/07
LME Index
Index Points
2,935.40 0.00 0.00% 2.18% 5.80% 6.58% Aug/07
S&P GSCI
Index Points
1,737.71 23.48 -1.33% 1.41% 1.71% -26.06% Aug/07