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.
64,82 $
26-Nov-2019		  65,03 $
27-Nov-2019		  64,68 $
28-Nov-2019		  64,50 $
29-Nov-2019		  63,20 $
2-Dec-2019		 
Weekly
Survey date
Europe Spot Brent Price FOB
(US$ / bbl) ± on prev. price
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%
Friday   1 Nov 2019
60,23 -0,86%
Friday   25 Oct 2019
60,75 +2,41%
Friday   18 Oct 2019
59,32 -0,12%
Friday   11 Oct 2019
59,39 +0,29%
Friday   4 Oct 2019
59,22 -6,22%
Friday   27 Sep 2019
63,15 -3,68%
Source: U.S. Department of Energy, Energy Information Administration
Europe Spot Brent Price FOB ($/bbl)
 
Month 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 ± on prev.
month. 		± 2018
January 92,18 43,44 76,17 96,52 110,69 112,96 108,12 47,76 30,70 54,58 69,08 59,41 +3,57% -14,00%
February 94,99 43,32 73,75 103,72 119,33 116,05 108,90 58,10 32,18 54,87 65,32 63,96 +7,66% -2,08%
March 103,64 46,54 78,83 114,64 125,45 108,47 107,48 55,89 38,21 51,59 66,02 66,14 +3,41% +0,18%
April 109,07 50,18 84,82 123,26 119,42 102,25 107,76 59,52 41,58 52,31 72,11 71,23 +7,70% -1,21%
May 122,80 57,30 75,95 114,99 110,34 102,56 109,54 64,08 46,74 50,33 76,98 71,17 -0,09% -7,54%
June 132,32 68,61 74,76 113,83 95,16 102,92 111,80 61,48 48,25 46,37 74,40 64,22 -9,77% -13,69%
July 132,72 64,44 75,58 116,97 102,62 107,93 106,77 56,56 44,95 48,48 74,25 63,92 -0,47% -13,92%
August 113,24 72,51 77,04 110,22 113,36 111,28 101,61 46,52 45,84 51,70 72,53 59,04 -7,63% -18,59%
September 97,23 67,65 77,84 112,83 112,86 111,60 97,09 47,62 46,57 56,15 78,89 62,83 +6,41% -20,36%
October 71,58 72,77 82,66 109,55 111,71 109,08 87,43 48,43 49,52 57,51 81,03 59,71 -4,96% -26,31%
November 52,45 76,66 85,27 110,77 109,06 107,79 79,44 44,27 44,73 62,71 64,75 63,21 +5,86% -2,37%
December 39,95 74,46 91,45 107,87 109,49 110,76 62,33 38,01 53,31 64,37 57,36 63,20 -0,02% +10,18%
Average 96,94 61,74 79,61 111,26 111,57 108,56 98,97 52,32 43,64 54,12 71,34
Change¹ % +33,82% -36,32% +28,95% +39,76% +0,28% -2,70% -8,83% -47,14% -16,59% +24,03% +31,80%
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
29/11/2019		 current exch.
28/11/2019: 1,101		 exch. of 3 months ago
28/08/2019: 1,108		 exch. of 1 year ago
28/11/2018: 1,128
MIN 64,74 58,83 58,41 57,37
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
58.83