Crude Oil rose to 65.49 USD/Bbl on July 23, 2025, up 0.27% from the previous day. Over the past month, Crude Oil's price has risen 1.73%, but it is still 15.60% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on July of 2025.

Brent rose to 68.87 USD/Bbl on July 23, 2025, up 0.41% from the previous day. Over the past month, Brent's price has risen 2.57%, but it is still 15.72% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent crude oil - values, historical data, forecasts and news - updated on July of 2025.

On July 21, 2025, the Brent crude oil price stood at 68.98 U.S. dollars per barrel, compared to 67.2 U.S. dollars for WTI oil and 70.65 U.S. dollars for the OPEC basket. Brent and OPEC prices fell slightly that week, while WTI prices rose.Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for oil and gasoline prices. Lowest ever oil prices during coronavirus pandemic In 2020, the coronavirus pandemic resulted in crude oil prices hitting a major slump as oil demand drastically declined following lockdowns and travel restrictions. Initial outlooks and uncertainty surrounding the course of the pandemic brought about a disagreement between two of the largest oil producers, Russia and Saudi Arabia, in early March. Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to store excess oil, leading to benchmark prices seeing record negative prices between April 20 and April 22, 2020. How crude oil prices are determined As with most commodities, crude oil prices are impacted by supply and demand, as well as inventories and market sentiment. However, as oil is most often traded in future contracts (where a contract is agreed upon while product delivery will follow in the next two to three months), market speculation is one of the principal determinants for oil prices. Traders make conclusions on how production output and consumer demand will likely develop over the coming months, leaving room for uncertainty. Spot prices differ from futures in so far as they reflect the current market price of a commodity.

Heating Oil fell to 2.45 USD/Gal on July 24, 2025, down 0.16% from the previous day. Over the past month, Heating Oil's price has risen 6.48%, but it is still 0.98% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Heating oil - values, historical data, forecasts and news - updated on July of 2025.

The commodity crude oil live chart provides real-time price data, technical analysis tools, and additional information that can assist traders, investors, and analysts in making informed decisions about the price movements of crude oil.

Germany Commodity Price: Energy Resources: WTI Crude Oil data was reported at 61.800 USD/Barrel in 16 May 2025. This records a decrease from the previous number of 61.803 USD/Barrel for 15 May 2025. Germany Commodity Price: Energy Resources: WTI Crude Oil data is updated daily, averaging 66.802 USD/Barrel from Jan 2013 (Median) to 16 May 2025, with 3134 observations. The data reached an all-time high of 124.851 USD/Barrel in 08 Mar 2022 and a record low of 10.145 USD/Barrel in 21 Apr 2020. Germany Commodity Price: Energy Resources: WTI Crude Oil data remains active status in CEIC and is reported by Deutsche Börse Group. The data is categorized under Global Database’s Germany – Table DE.P: Commodity Prices. [COVID-19-IMPACT]

Crude oil commodity price charts provide valuable insights into the historical price movements of crude oil, allowing market participants to analyze trends, make informed decisions, and assess the impact of various factors on oil prices. These charts serve as a vital tool for traders, investors, and analysts in the oil industry.

Ghana Commodity Price: Crude Oil data was reported at 75.900 USD/Barrel in Jun 2018. This records a decrease from the previous number of 77.100 USD/Barrel for May 2018. Ghana Commodity Price: Crude Oil data is updated monthly, averaging 69.740 USD/Barrel from Dec 2003 (Median) to Jun 2018, with 175 observations. The data reached an all-time high of 134.790 USD/Barrel in Jul 2008 and a record low of 29.580 USD/Barrel in Dec 2003. Ghana Commodity Price: Crude Oil data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.P001: Commodity Price.

Palm Oil fell to 4,252 MYR/T on July 23, 2025, down 0.26% from the previous day. Over the past month, Palm Oil's price has risen 6.67%, and is up 8.30% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palm Oil - values, historical data, forecasts and news - updated on July of 2025.

Chile Commodity Prices: Avg: Crude Oil: Brent data was reported at 72.574 USD/Barrel in Mar 2025. This records a decrease from the previous number of 75.157 USD/Barrel for Feb 2025. Chile Commodity Prices: Avg: Crude Oil: Brent data is updated monthly, averaging 65.170 USD/Barrel from Jan 2000 (Median) to Mar 2025, with 303 observations. The data reached an all-time high of 133.900 USD/Barrel in Jul 2008 and a record low of 18.600 USD/Barrel in Dec 2001. Chile Commodity Prices: Avg: Crude Oil: Brent data remains active status in CEIC and is reported by Central Bank of Chile. The data is categorized under Global Database’s Chile – Table CL.P005: Crude Oil Price.

Australia Commodity Price Index: Weights: Other Resources: Crude Oil data was reported at 7.300 % in Feb 2013. This stayed constant from the previous number of 7.300 % for Jan 2013. Australia Commodity Price Index: Weights: Other Resources: Crude Oil data is updated monthly, averaging 7.300 % from Feb 2008 (Median) to Feb 2013, with 61 observations. The data reached an all-time high of 7.300 % in Feb 2013 and a record low of 5.300 % in Aug 2009. Australia Commodity Price Index: Weights: Other Resources: Crude Oil data remains active status in CEIC and is reported by Reserve Bank of Australia. The data is categorized under Global Database’s Australia – Table AU.I051: Commodity Price Index: Weights (Old).

Graph and download economic data for Producer Price Index by Commodity: Machinery and Equipment: Parts and Attachments for Oil and Gas Field Machinery and Equipment (WPU119106) from Dec 2010 to Jun 2025 about parts, machinery, oil, gas, equipment, commodities, PPI, inflation, price index, indexes, price, and USA.

China Open Interest: Dalian Commodity Exchange: Soybean Oil data was reported at 764.244 Lot th in 13 May 2025. This records a decrease from the previous number of 768.247 Lot th for 12 May 2025. China Open Interest: Dalian Commodity Exchange: Soybean Oil data is updated daily, averaging 883.180 Lot th from Jan 2006 (Median) to 13 May 2025, with 4699 observations. The data reached an all-time high of 1,612.802 Lot th in 17 Dec 2019 and a record low of 427.390 Lot th in 17 Jun 2010. China Open Interest: Dalian Commodity Exchange: Soybean Oil data remains active status in CEIC and is reported by Dalian Commodity Exchange. The data is categorized under High Frequency Database’s Commodity Prices and Futures – Table CN.ZB: Dalian Commodity Exchange: Commodity Futures: Open Position: Daily.

Commodity Prices: Corn, soybeans, WTI crude oil and Henry Hub natural gas, Chicago Mercantile Exchange Group .

As of June 2025, the average annual price of Brent crude oil stood at 71.91 U.S. dollars per barrel. This is over eight U.S. dollars lower than the 2024 average. Brent is the world's leading price benchmark for Atlantic basin crude oils. Crude oil is one of the most closely observed commodity prices as it influences costs across all stages of the production process and consequently alters the price of consumer goods as well. What determines crude oil benchmarks? In the past decade, crude oil prices have been especially volatile. Their inherent inelasticity regarding short-term changes in demand and supply means that oil prices are erratic by nature. However, since the 2009 financial crisis, many commercial developments have greatly contributed to price volatility, such as economic growth by BRIC countries like China and India, and the advent of hydraulic fracturing and horizontal drilling in the U.S. The outbreak of the coronavirus pandemic and the Russia-Ukraine war are examples of geopolitical events dictating prices. Light crude oils - Brent and WTI Brent Crude is considered a classification of sweet light crude oil and acts as a benchmark price for oil around the world. It is considered a sweet light crude oil due to its low sulfur content and low density and may be easily refined into gasoline. This oil originates in the North Sea and comprises several different oil blends, including Brent Blend and Ekofisk crude. Often, this crude oil is refined in Northwest Europe. Another sweet light oil often referenced alongside UK Brent is West Texas Intermediate (WTI). WTI oil prices amounted to 76.55 U.S. dollars per barrel in 2024.

NCDEX: Spot Price: Crude Sunflower Oil: Mumbai: First Session data was reported at 1,307.500 INR/10 kg in 16 May 2025. This records a decrease from the previous number of 1,320.000 INR/10 kg for 15 May 2025. NCDEX: Spot Price: Crude Sunflower Oil: Mumbai: First Session data is updated daily, averaging 940.000 INR/10 kg from Jan 2024 (Median) to 16 May 2025, with 335 observations. The data reached an all-time high of 1,390.000 INR/10 kg in 25 Feb 2025 and a record low of 812.500 INR/10 kg in 03 Jan 2024. NCDEX: Spot Price: Crude Sunflower Oil: Mumbai: First Session data remains active status in CEIC and is reported by National Commodity & Derivatives Exchange Limited. The data is categorized under India Premium Database’s Price – Table IN.PB001: Commodities Spot Price: National Commodity & Derivatives Exchange Limited.

China Settlement Price: Dalian Commodity Exchange: RBD Palm Oil: 3rd Month data was reported at 8,398.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 9,076.000 RMB/Ton for Mar 2025. China Settlement Price: Dalian Commodity Exchange: RBD Palm Oil: 3rd Month data is updated monthly, averaging 6,512.000 RMB/Ton from Oct 2007 (Median) to Apr 2025, with 211 observations. The data reached an all-time high of 13,852.000 RMB/Ton in Apr 2022 and a record low of 4,174.000 RMB/Ton in Jun 2019. China Settlement Price: Dalian Commodity Exchange: RBD Palm Oil: 3rd Month data remains active status in CEIC and is reported by Dalian Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Dalian Commodity Exchange: Commodity Futures: Settlement Price.

Explore the dynamic and complex world of the crude oil commodity market, its role in the global economy, key pricing factors, major benchmarks, OPEC's influence, investment opportunities, and the challenges posed by environmental concerns and the shift towards renewable energy.

Crude oil is a highly valuable and widely traded commodity, influenced by factors such as supply and demand dynamics, geopolitical events, economic conditions, and market speculation. This article explores the complex interplay of these factors and their impact on crude oil prices.

The global crude oil trading market, a multi-trillion dollar industry, is characterized by intense competition among major players and significant influence from geopolitical events and macroeconomic factors. While precise market sizing data is not provided, leveraging publicly available information suggests a 2025 market value in the range of $3-4 trillion USD, reflecting the enormous volume of crude oil traded globally. The Compound Annual Growth Rate (CAGR) – while unspecified – is likely to be in the low single digits over the forecast period (2025-2033), influenced by factors such as fluctuating demand driven by global economic growth, the ongoing energy transition toward renewable sources, and OPEC+ production policies. Key drivers include increasing global energy demand from developing economies, particularly in Asia, and the continued reliance on crude oil as a primary energy source. Trends indicate a shift towards greater transparency and digitalization within trading operations, as well as a growing focus on sustainability and environmental concerns impacting trading strategies and investments in carbon capture technologies. Restraints include price volatility caused by geopolitical instability, regulatory changes, and the increasing adoption of alternative energy sources. The market is segmented by various factors including crude type (Brent, WTI, etc.), trading location (spot, futures, etc.), and geographical regions. The major players in this market, including Vitol, Trafigura, Glencore, Gunvor, and the integrated oil majors (BP, Shell, TotalEnergies, Chevron), continue to dominate the landscape due to their established networks, financial strength, and access to vast resources. However, emerging players from Asia and the Middle East are increasingly challenging this dominance. Regional dynamics significantly impact trading patterns, with North America, Europe, and Asia remaining crucial regions. The forecast period will likely witness continued consolidation within the industry, strategic partnerships, and innovation in trading technology. The overall market is expected to demonstrate resilience despite the long-term shift towards decarbonization, largely driven by the continued demand for oil, particularly in transportation and industrial sectors. This necessitates continuous adaptation and strategic planning by market participants to navigate the evolving dynamics of the crude oil trading landscape effectively.