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.

The 2025 annual OPEC basket price stood at ***** U.S. dollars per barrel as of June. This would be lower than the 2024 average, which amounted to ***** U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries and includes Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. The aim of the OPEC is to coordinate the oil policies of its member states. It was founded in 1960 in Baghdad, Iraq. The OPEC Reference Basket The OPEC crude oil price is defined by the price of the so-called OPEC (Reference) basket. This basket is an average of prices of the various petroleum blends that are produced by the OPEC members. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq, Arab Light from Saudi Arabia, BCF 17 from Venezuela, et cetera. By increasing and decreasing its oil production, OPEC tries to keep the price between a given maxima and minima. Benchmark crude oil The OPEC basket is one of the most important benchmarks for crude oil prices worldwide. Other significant benchmarks are UK Brent, West Texas Intermediate (WTI), and Dubai Crude (Fateh). Because there are many types and grades of oil, such benchmarks are indispensable for referencing them on the global oil market. The 2025 fall in prices was the result of weakened demand outlooks exacerbated by extensive U.S. trade tariffs.

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.

Learn about the factors that influence the live price of crude oil in dollars, including global oil production, geopolitical tensions, macroeconomic indicators, currency exchange rates, and the role of the Organization of Petroleum Exporting Countries (OPEC). Understand how these factors can lead to fluctuations in the crude oil dollar price and discover where to find real-time price data for informed trading decisions.

This article discusses the various factors that influenced the fluctuation of crude oil prices in June, including negotiations among major oil-producing countries, concerns over COVID-19 variants, geopolitical tensions, exchange rate fluctuations, and inventory levels.

International crude oil prices has become one of the important factors that affect exchange rate fluctuation. By combining TVP-VAR model and DY time-varying spillover index, this paper measures the two-way fluctuation spillover effect between international crude oil prices and RMB exchange rate from 2011 to 2022. The research results show that: (1) There are obvious time-varying characteristics among international crude oil prices, onshore RMB exchange rate and offshore RMB exchange rate, and they are strengthened when major events occur at home and abroad; (2) The spillover and absorption level among international crude oil prices, onshore RMB exchange rate and offshore RMB exchange rate is relatively limited; (3) After the “exchange rate reform on August 11”, the market participation of RMB exchange rate has increased year by year, and the offshore RMB is mainly net spillover, while the onshore RMB is mainly reflected as a recipient; (4) The offshore RMB exchange rate has a driving effect on the onshore RMB exchange rate. Based on this, it is necessary to orderly promote the development and utilization of new energy, actively promote the market-oriented reform of RMB exchange rate, play the leading role of offshore market, and accelerate the construction of crude oil-RMB settlement system.

The primary data used in the paper are the published weekly price of Ron97 (CompareHero.my, 2020; Malaysia, 2021; The Ministry of Domestic Trade and Consumer Affairs, 2020) , daily crude oil price in barrels (WTI, BRENT and OPEC) (EIA, 2020; OPEC, 2020) and daily foreign exchange rate (Selling rate) of the Ringgit per US dollars (Bank Negara, 2020). The data is pre-processed to clean the data and standardize the data for the modelling process. The crude oil price and foreign exchange rates are converted to weekly averages. Daily missing data are replaced with weekly averages. The foreign exchange rates, (G) in Ringgits per US dollar(RM/USD) (Bank Negara, 2020), is multiplied with the international crude oil price (X) to convert ringgits per barrel( RM/bbl), (I), using Equation(2). The crude oil price are converted to ringgit per litre using the Barrel to Litre Metric Conversion (M)(Ltd, 2020), as shown in Equation(3).

Urals Oil fell to 65.15 USD/Bbl on July 21, 2025, down 1.30% from the previous day. Over the past month, Urals Oil's price has fallen 9.74%, and is down 16.00% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Urals Crude.

Today's crude oil prices in the Asian market exhibited a mixed trend, with Brent crude showing a slight increase and WTI crude experiencing a slight decrease. The prices are influenced by various factors, including global demand, geopolitical tensions, crude oil inventories, OPEC decisions, and currency exchange rates. Traders and investors in the Asian market closely follow these factors to make informed decisions in the volatile and ever-changing crude oil market.

Canada Crude Oil: Avg Price: New York Mercantile Exchange Conventional Gasoline data was reported at 0.734 CAD/l in 27 Aug 2018. This records an increase from the previous number of 0.733 CAD/l for 24 Aug 2018. Canada Crude Oil: Avg Price: New York Mercantile Exchange Conventional Gasoline data is updated daily, averaging 0.549 CAD/l from Jan 2001 (Median) to 27 Aug 2018, with 4601 observations. The data reached an all-time high of 0.980 CAD/l in 01 Sep 2005 and a record low of 0.194 CAD/l in 15 Nov 2001. Canada Crude Oil: Avg Price: New York Mercantile Exchange Conventional Gasoline data remains active status in CEIC and is reported by Kent Group Ltd.. The data is categorized under Daily Database’s Commodity Prices and Futures – Table CA.DP001: Average Price: Crude Oil.

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.

Crude oil price per barrel (bbl) refers to the cost of one barrel of oil in the oil and gas industry. This article explores the factors influencing crude oil prices, such as supply and demand dynamics, geopolitical events, global economic conditions, market speculation, and currency exchange rates.

In June 2025, the price for one barrel of West Texas Intermediate (WTI) crude oil averaged 68.17 U.S. dollars. This was an increase compared to the previous month which had seen the lowest figure in the past 24-month period. WTI and other benchmark crudes WTI is also known as "Texas light sweet", and is a grade of crude oil used as a benchmark for oil produced in the United States. It has an API gravity of around 39.6 and specific gravity of about 0.827, which, relative to other crude oils, is considered “light,” hence the name. WTI also contains about 0.24 percent sulfur, making it a “sweet” crude oil. The price of WTI can be compared to the prices other of crude oils, i.e. UK Brent, the OPEC basket, and Dubai Fateh oil. WTI crude oil is the underlying commodity of the Chicago Mercantile Exchange’s oil futures contracts. U.S. oil production and its influence on light oil prices The price development of WTI crude oil relative to Brent crude oil has been influenced by variances in U.S. crude oil transportation and increased U.S. oil production. New transportation infrastructure became operational in early 2013, easing the movement of crude oil in the mid-continent and raising the price of WTI. Since then, U.S. refineries have increased production of crude oil to record levels, also raising the price of WTI. Meanwhile, expedited crude transport in the U.S. put downward pressure on Brent crude oil as domestic crude replaced some imported Brent crude. Between 2014 and 2016, UK Brent prices dropped rapidly, as was the case for all other crude oils.

Static spillover effect of international crude oil prices, onshore RMB exchange rate and offshore RMB Exchange rate (%).

Graph and download economic data for CBOE Crude Oil ETF Volatility Index (OVXCLS) from 2007-05-10 to 2025-07-18 about ETF, VIX, volatility, crude, oil, stock market, and USA.

Germany Commodity Price Expectation: Brent Crude Oil: Number Change data was reported at 52.200 % in Mar 2021. This records an increase from the previous number of 51.600 % for Feb 2021. Germany Commodity Price Expectation: Brent Crude Oil: Number Change data is updated monthly, averaging 48.350 % from Feb 1999 (Median) to Mar 2021, with 266 observations. The data reached an all-time high of 72.000 % in Mar 2019 and a record low of 11.200 % in Mar 2003. Germany Commodity Price Expectation: Brent Crude Oil: Number Change data remains active status in CEIC and is reported by Leibniz Centre for European Economic Research. The data is categorized under Global Database’s Germany – Table DE.S001: Indicator of Economic Sentiment: ZEW.

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.

Learn about the various factors that influence the global price of crude oil, including supply and demand dynamics, geopolitical tensions, economic data, weather conditions, and currency exchange rates. Discover how these factors can lead to significant fluctuations in oil prices and impact both producers and consumers worldwide.

Abstract of associated article: Instead of analyzing the causality between two time series (unconditional analysis), as it is usually done, the present study deals with the nexus between oil price and Russia's real exchange rate conditioning upon potential control variables at well-specified horizons and on a frequency by frequency basis. This research accounts also for the possible transient linkages and signal discontinuities. A major finding of this paper is deeply suggestive of a sharp causality running from oil price to real exchange rate in lower frequencies. This implies that Russia should better tackle with turbulence triggered by oil price and continue to reduce its energy dependency via drastic and proactive measures. The economic and fiscal initiatives of Putin administration may help to cope with sudden shocks, to lessen the great oil dependence and to build confidence needed for economic recovery. While our research does not say much about the routes through which oil price may affect differently real exchange rate, it clearly indicates the presence of short-term relationship conditional to GDP, government expenditures, terms of trade and productivity differential. The conditional analysis and signal detection appear as meaningful exercises to find new insights into the focal issue.

Sunflower Oil fell to 1,264.50 INR/10 kg on July 22, 2025, down 0.39% from the previous day. Over the past month, Sunflower Oil's price has risen 0.16%, and is up 39.83% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Sunflower Oil.