Oil

This page provides, in the given period, with:
  • a table showing the Brent oil prices recorded over the last 10 weeks, while the chart shows the monthly price trends over the last three years;
  • a chronological chart showing the monthly oil prices;
  • some charts that offer a price comparison of the Oil with:
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.
68,74 $
7-Jan-2020		  67,31 $
8-Jan-2020		  66,58 $
9-Jan-2020		  66,77 $
10-Jan-2020		  64,14 $
13-Jan-2020		 
Weekly
Survey date
Europe Spot Brent Price FOB
(US$ / bbl) ± on prev. price
Friday   10 Jan 2020
67,93 -0,09%
Friday   3 Jan 2020
67,99 -1,23%
Friday   27 Dec 2019
68,84 -0,09%
Friday   20 Dec 2019
68,90 +3,61%
Friday   13 Dec 2019
66,50 +2,77%
Friday   6 Dec 2019
64,71 -0,05%
Friday   29 Nov 2019
64,74 +1,54%
Friday   22 Nov 2019
63,76 +1,92%
Friday   15 Nov 2019
62,56 +0,27%
Friday   8 Nov 2019
62,39 +3,59%
Source: U.S. Department of Energy, Energy Information Administration
Europe Spot Brent Price FOB ($/bbl)
 
Month 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 ± on prev.
month. 		± 2019
January 43,44 76,17 96,52 110,69 112,96 108,12 47,76 30,70 54,58 69,08 59,41 67,49 +0,41% +13,60%
February 43,32 73,75 103,72 119,33 116,05 108,90 58,10 32,18 54,87 65,32 63,96  
March 46,54 78,83 114,64 125,45 108,47 107,48 55,89 38,21 51,59 66,02 66,14  
April 50,18 84,82 123,26 119,42 102,25 107,76 59,52 41,58 52,31 72,11 71,23  
May 57,30 75,95 114,99 110,34 102,56 109,54 64,08 46,74 50,33 76,98 71,17  
June 68,61 74,76 113,83 95,16 102,92 111,80 61,48 48,25 46,37 74,40 64,22  
July 64,44 75,58 116,97 102,62 107,93 106,77 56,56 44,95 48,48 74,25 63,92  
August 72,51 77,04 110,22 113,36 111,28 101,61 46,52 45,84 51,70 72,53 59,04  
September 67,65 77,84 112,83 112,86 111,60 97,09 47,62 46,57 56,15 78,89 62,83  
October 72,77 82,66 109,55 111,71 109,08 87,43 48,43 49,52 57,51 81,03 59,71  
November 76,66 85,27 110,77 109,06 107,79 79,44 44,27 44,73 62,71 64,75 63,21  
December 74,46 91,45 107,87 109,49 110,76 62,33 38,01 53,31 64,37 57,36 67,22  
Average 61,74 79,61 111,26 111,57 108,56 98,97 52,32 43,64 54,12 71,34 64,31
Change¹ % -36,32% +28,95% +39,76% +0,28% -2,70% -8,83% -47,14% -16,59% +24,03% +31,80% -9,84%
1) Change % from the same period of previous year
Source: 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
10/01/2020		 current exch.
09/01/2020: 1,111		 exch. of 3 months ago
09/10/2019: 1,098		 exch. of 1 year ago
09/01/2019: 1,146
MIN 67,93 61,14 61,86 59,30
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
61.14