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.
70,98 $
7-May-2019		  71,09 $
8-May-2019		  70,61 $
9-May-2019		  71,63 $
10-May-2019		  72,35 $
13-May-2019		 
Weekly
Survey date
Europe Spot Brent Price FOB
(US$ / bbl) ± on prev. price
Friday   10 May 2019
71,25 -0,47%
Friday   3 May 2019
71,59 -2,59%
Friday   26 Apr 2019
73,49 +3,70%
Friday   19 Apr 2019
70,87 -0,64%
Friday   12 Apr 2019
71,33 +2,57%
Friday   5 Apr 2019
69,54 +3,41%
Friday   29 Mar 2019
67,25 -0,13%
Friday   22 Mar 2019
67,34 +2,48%
Friday   15 Mar 2019
65,71 +1,51%
Friday   8 Mar 2019
64,73 +0,26%
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 71,46 +0,32% -7,17%
June 132,32 68,61 74,76 113,83 95,16 102,92 111,80 61,48 48,25 46,37 74,40  
July 132,72 64,44 75,58 116,97 102,62 107,93 106,77 56,56 44,95 48,48 74,25  
August 113,24 72,51 77,04 110,22 113,36 111,28 101,61 46,52 45,84 51,70 72,53  
September 97,23 67,65 77,84 112,83 112,86 111,60 97,09 47,62 46,57 56,15 78,89  
October 71,58 72,77 82,66 109,55 111,71 109,08 87,43 48,43 49,52 57,51 81,03  
November 52,45 76,66 85,27 110,77 109,06 107,79 79,44 44,27 44,73 62,71 64,75  
December 39,95 74,46 91,45 107,87 109,49 110,76 62,33 38,01 53,31 64,37 57,36  
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
10/05/2019		 current exch.
09/05/2019: 1,119		 exch. of 3 months ago
08/02/2019: 1,135		 exch. of 1 year ago
09/05/2018: 1,188
MIN 71,25 63,66 62,80 59,98
CONVERTER USD/EUR
Exchange EUR ⇒ USD:
USD EUR
63.66