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.


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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