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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.
CB2! Chart by TradingView

Crude Oil - Brent Europe
Spot price FOB

66,93 $
May 13, 2025		 65,91 $
May 14, 2025		 64,36 $
May 15, 2025		 65,20 $
May 16, 2025		 66,25 $
May 19, 2025
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 May 2025
65,54 +5,22%
Friday   9 May 2025
62,29 -1,91%
Friday   2 May 2025
63,50 -6,51%
Friday   25 Apr 2025
67,92 +0,24%
Friday   18 Apr 2025
67,76 +2,51%
Friday   11 Apr 2025
66,10 -11,44%
Friday   4 Apr 2025
74,64 +0,39%
Friday   28 Mar 2025
74,35 +2,96%
Friday   21 Mar 2025
72,21 +0,94%
Friday   14 Mar 2025
71,54 -0,54%
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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 ± su mese
prec. 		± 2024
January 108,12 47,76 30,70 54,58 69,08 59,41 63,82 54,77 86,51 82,52 80,12 79,27 +7,35% -1,07%
February 108,90 58,10 32,18 54,87 65,32 63,96 55,66 62,28 97,13 82,58 83,48 75,44 -4,83% -9,63%
March 107,48 55,89 38,21 51,59 66,02 66,14 32,01 65,41 117,25 78,43 85,41 72,73 -3,59% -14,84%
April 107,76 59,52 41,58 52,31 72,11 71,23 18,47 64,76 104,89 84,74 89,94 68,13 -6,32% -24,24%
May 109,54 64,08 46,74 50,33 76,98 71,17 29,38 68,49 113,11 75,47 81,75 63,92 -6,19% -21,81%
June 111,80 61,48 48,25 46,37 74,40 64,22 40,27 73,16 122,71 74,84 82,25  
July 106,77 56,56 44,95 48,48 74,25 63,92 43,24 75,17 111,93 80,11 85,15  
August 101,61 46,52 45,84 51,70 72,53 59,04 44,74 70,75 100,45 86,15 80,36  
September 97,09 47,62 46,57 56,15 78,89 62,83 40,91 74,49 89,75 93,72 74,02  
October 87,43 48,43 49,52 57,51 81,03 59,71 40,19 83,54 93,33 90,60 75,63  
November 79,44 44,27 44,73 62,71 64,75 63,21 42,69 81,05 91,42 82,94 74,35  
December 62,33 38,01 53,31 64,37 57,36 67,31 49,99 74,22 81,00 77,76 73,84  
Gen-May 108,36 57,07 37,88 52,73 69,90 66,38 39,87 63,14 103,78 80,75 84,14 71,90
Variazione¹ % -0,09% -47,33% -33,62% +39,20% +32,55% -5,03% -39,94% +58,38% +64,35% -22,19% +4,20% -14,55%
Media 98,97 52,32 43,64 54,12 71,34 64,33 41,97 70,83 100,88 82,50 80,49
Variazione¹ % -8,83% -47,14% -16,59% +24,03% +31,80% -9,81% -34,76% +68,76% +42,42% -18,22% -2,43%
  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
16/05/2025		 current exch.
15/05/2025: 1,119		 exch. of 3 months ago
14/02/2025: 1,048		 exch. of 1 year ago
15/05/2024: 1,083
MIN 65,54 58,60 62,55 60,51
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
58.60
 
 

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