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Oil

This page contains historical Brent Oil prices and related graphs.

To go more in depth with the analysis, visit also the page dedicated to the Dairy export to the main Crude Oil producers

Note:
Since oil price may determine the purchasing power of oil producing countries (i.e. Middle Eastern States, Russia, Mexico, Venezuela...), we are of the opinion that their changes could potentially impact on these countries' willingness to buy additional dairy products such as Milk Powders and Cheddar cheese.

The reasons may be:
  • the major oil producing countries are also significant importers of the above mentioned dairy products;
  • in these countries the increase in oil price, may drive to higher willingness to buy dairy products;
  • commodity price level (for the local consumer) should not be too much higher than the current "ask" price, otherwise countries' willingness to buy dairy products could decline; at the same time high level of oil price may direct oil Purchaser toward alternative sources and as a consequence it may influence income of the oil producing countries.

Crude Oil - Brent Europe
Spot price FOB

84,41 $
Feb 14, 2024
84,33 $
Feb 15, 2024
84,88 $
Feb 16, 2024
85,52 $
Feb 19, 2024
84,78 $
Feb 20, 2024
Source: U.S. Department of Energy, Energy Information Administration
 
Avg Weekly
Survey date
Europe Spot Brent Price FOB
US$ / bbl ± on prev. price
Friday   16 Feb 2024
84,44 +3,59%
Friday   9 Feb 2024
81,51 -1,28%
Friday   2 Feb 2024
82,57 +0,32%
Friday   26 Jan 2024
82,31 +2,75%
Friday   19 Jan 2024
80,11 +2,18%
Friday   12 Jan 2024
78,40 +1,98%
Friday   5 Jan 2024
76,88 -2,97%
Friday   29 Dec 2023
79,23 -1,15%
Friday   22 Dec 2023
80,15 +6,05%
Friday   15 Dec 2023
75,58 -0,53%
Source: U.S. Department of Energy, Energy Information Administration
 
See the dairy import of the OPEC member countries
 
Europe Spot Brent Price FOB ($/bbl)
 
Mese 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 ± su mese
prec.
± 2023
January 112,96 108,12 47,76 30,70 54,58 69,08 59,41 63,82 54,77 86,51 82,52 80,12 +3,04% -2,90%
February 116,05 108,90 58,10 32,18 54,87 65,32 63,96 55,66 62,28 97,13 82,58 82,99 +3,57% +0,48%
March 108,47 107,48 55,89 38,21 51,59 66,02 66,14 32,01 65,41 117,25 78,43  
April 102,25 107,76 59,52 41,58 52,31 72,11 71,23 18,47 64,76 104,89 84,74  
May 102,56 109,54 64,08 46,74 50,33 76,98 71,17 29,38 68,49 113,11 75,47  
June 102,92 111,80 61,48 48,25 46,37 74,40 64,22 40,27 73,16 122,71 74,84  
July 107,93 106,77 56,56 44,95 48,48 74,25 63,92 43,24 75,17 111,93 80,11  
August 111,28 101,61 46,52 45,84 51,70 72,53 59,04 44,74 70,75 100,45 86,15  
September 111,60 97,09 47,62 46,57 56,15 78,89 62,83 40,91 74,49 89,75 93,72  
October 109,08 87,43 48,43 49,52 57,51 81,03 59,71 40,19 83,54 93,33 90,60  
November 107,79 79,44 44,27 44,73 62,71 64,75 63,21 42,69 81,05 91,42 82,94  
December 110,76 62,33 38,01 53,31 64,37 57,36 67,31 49,99 74,22 81,00 77,76  
Gen-Feb 114,51 108,51 52,93 31,44 54,72 67,20 61,69 59,74 58,53 91,82 82,55 81,55
Variazione¹ % -0,44% -5,24% -51,22% -40,60% +74,05% +22,80% -8,20% -3,15% -2,03% +56,88% -10,09% -1,21%
Media 108,56 98,97 52,32 43,64 54,12 71,34 64,33 41,97 70,83 100,88 82,50
Variazione¹ % -2,70% -8,83% -47,14% -16,59% +24,03% +31,80% -9,81% -34,76% +68,76% +42,42% -18,22%
  max price
  min price
1) Variazione % calcolata rispetto allo stesso periodo dell’anno precedente
Fonte: U.S. Department of Energy, Energy Information Administration
 
Show/Hide the conversion of Oil (PR) USD⇒EUR on the current exchange,
on the exchange rate in force as at 3 months ago and on the exchange rate in force as at 1 year ago
  OIL (US$ / BBL)
US dollar EURO
CURRENT PRICE
16/02/2024
current exch.
15/02/2024: 1,074
exch. of 3 months ago
15/11/2023: 1,087
exch. of 1 year ago
15/02/2023: 1,070
MIN 84,44 78,60 77,70 78,92
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
78.60
 
 

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