US crude oil dropped more than 3% to $53.53 per barrel around 08:40 AM NY time on Friday, after China announced new tariffs on some US imports, escalating a trade conflict between the two countries. Prices were already under pressure after manufacturing PMI for the US contracted for the first time since 2009, increasing concerns over oil demand in the world’s biggest crude consumer. Brent crude oil dropped as much as 2% to $58.85 a barrel. Historically, Crude oil reached an all time high of 147.27 in July of 2008 and a record low of 1.17 in February of 1946.

Crude oil is expected to trade at 56.24 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 52.09 in 12 months time.


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Energy Price Day Weekly Monthly Yearly Date
Crude Oil 53.8537 1.50 -2.70% -1.85% -3.63% -21.63% Aug/23
Brent 59.1347 0.80 -1.34% 0.84% -6.40% -22.01% Aug/23
Natural gas 2.1532 0.00 -0.09% -2.13% -3.01% -26.18% Aug/23
Gasoline 1.6411 0.03 -1.58% -0.95% -11.54% -21.02% Aug/23
Heating oil 1.8127 0.03 -1.64% -0.01% -5.03% -17.69% Aug/23
Ethanol 1.3111 0.03 -2.02% 0.62% -11.53% -0.14% Aug/23
Naphtha 446.75 2.32 -0.52% 0.62% -11.08% -30.00% Aug/23
Propane 0.40 0.01 1.65% 3.91% -17.93% -58.72% Aug/23
Uranium 25.3000 0.00 0.00% 0.60% -1.56% -3.80% Aug/23

Metals Price Day Weekly Monthly Yearly Date
Gold 1,529.42 27.90 1.86% 1.04% 7.27% 26.86% Aug/23
Silver 17.1584 0.12 0.73% 0.46% 3.43% 15.94% Aug/23
Platinum 853.60 3.66 -0.43% 1.08% -2.50% 8.01% Aug/23

Agricultural Price Day Weekly Monthly Yearly Date
Soybeans 840.5497 15.45 -1.80% -3.08% -5.66% -0.17% Aug/23
Wheat 475.3217 8.07 1.73% 0.97% -4.51% -7.66% Aug/23
Cotton 57.97 0.90 -1.53% -3.51% -9.27% -29.14% Aug/23
Rice 11.0136 0.14 1.32% -1.66% -8.49% 2.12% Aug/23
Cheese 1.8270 0.00 0.11% -0.22% 0.83% 17.19% Aug/23
Palm Oil 2,377.00 3.00 0.13% 0.89% -2.06% 9.14% Aug/23
Milk 17.59 0.02 0.11% -0.17% 1.03% 17.03% Aug/23
Rubber 156.00 9.00 -5.45% -9.46% -32.14% -3.70% Aug/23
Orange Juice 96.05 0.90 -0.93% -2.78% -7.56% -38.49% Aug/23
Coffee 92.60 0.90 -0.96% -0.27% -8.32% -7.91% Aug/23
Lumber 359.90 0.60 0.17% -0.83% 4.77% -18.54% Aug/23
Wool 1,497.00 0.00 0.00% -1.06% -14.65% -27.86% Aug/23
Cocoa 2,208.00 8.00 0.36% 4.60% -10.35% -6.99% Aug/23
Canola 449.90 3.20 -0.71% -0.55% -0.07% -9.50% Aug/23
Oat 264.6704 0.75 -0.28% -5.56% -0.03% 1.99% Aug/23
Sugar 11.47 0.11 -0.95% -1.46% -4.89% 12.12% Aug/23
Tea 3.18 0.43 15.64% 15.64% 26.19% -2.75% Aug/23
Corn 358.8596 5.00 -1.38% -3.27% -15.36% 2.97% Aug/23

Livestock Price Day Weekly Monthly Yearly Date
Live Cattle 104.8000 0.18 -0.17% 4.88% -3.76% -1.36% Aug/23
Lean Hogs 59.2984 3.00 -4.82% -4.36% -31.49% 14.53% Aug/23
Poultry 4.62 0.00 0.00% -0.65% -0.65% 19.38% Aug/23
Feeder Cattle 132.5357 5.60 -4.05% -1.52% -7.20% -11.17% Aug/23
Beef 10.57 0.01 -0.09% 0.09% 1.15% 9.76% Aug/23

Industrial Price Day Weekly Monthly Yearly Date
Copper 2.5239 0.03 -1.21% -2.55% -6.66% -6.49% Aug/23
Bitumen 3,418.00 4.00 -0.12% 1.97% -1.73% 5.82% Aug/23
Steel 3,778.00 26.00 0.69% -0.05% -6.69% -15.89% Aug/23
Cobalt 32,600 0.00 0.00% 0.00% 16.43% -49.26% Aug/23
Aluminum 1,766.00 13.00 -0.73% -0.90% -2.75% -15.70% Aug/22
Coal 67.30 0.05 0.07% -1.10% -10.17% -37.10% Aug/23
Palladium 1,460.51 26.50 -1.78% 0.86% -5.16% 56.00% Aug/23
Lead 2,057.75 0.00 0.00% -0.52% 1.34% -0.54% Aug/23
Tin 15,880.00 295.00 -1.82% -7.38% -10.16% -16.42% Aug/23
Zinc 2,254.00 9.00 0.40% -0.44% -7.47% -11.05% Aug/23
Nickel 15,710.00 0.00 0.00% -3.56% 11.17% 17.78% Aug/23
Molybdenum 28.00 0.00 0.00% 0.00% 2.75% -4.27% Aug/23
Iron Ore 87.00 0.00 0.00% -5.43% -26.89% 29.85% Aug/23
Soda Ash 1,676.67 0.00 0.00% 0.00% 2.03% -7.95% Aug/23
Neodymium 395,500.00 0.00 0.00% 3.67% -0.50% -2.94% Aug/23
Iron Ore 62% fe 92.8800 0.15 0.16% -0.94% -22.87% 37.64% Aug/23
Rhodium 4,000.00 45.00 1.14% 4.44% 13.80% 68.07% Aug/23
Lithium 91.17 1.71 -1.84% -2.25% -13.73% -25.51% Aug/23
Manganese 37.00 0.00 0.00% 0.00% 1.37% -10.84% Aug/23

Index Price Day Weekly Monthly Yearly Date
Baltic Dry 2,168.00 50.00 2.36% 3.83% 7.65% 27.75% Aug/23
CRB Index 177.37 1.79 -1.00% -1.02% -5.24% -10.55% Aug/23
LME Index 2,734.90 0.00 0.00% -1.42% -3.32% -7.93% Aug/23
S&P GSCI 2,356.38 0.00 0.00% 0.92% -4.79% -13.42% Aug/23


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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
53.85 55.35 145.31 1.17 1946 - 2019 USD/BBL Daily