On July 14, 2025, the Brent crude oil price stood at 69.18 U.S. dollars per barrel, compared to 66.98 U.S. dollars for WTI oil and 72 U.S. dollars for the OPEC basket. Brent and WTI prices fell slightly that week, while OPEC 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.

Urals Oil fell to 65.46 USD/Bbl on July 15, 2025, down 0.09% from the previous day. Over the past month, Urals Oil's price has fallen 2.27%, and is down 18.90% 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.

Oil prices stabilize after a decline, influenced by US economic signals, trade tensions, and Iran talks. Brent crude sees its largest monthly drop since 2022, with market indicators suggesting a tightening oil market.

Discover the unique pricing dynamics in the oil market, with current tightness and a forecasted surplus, influenced by trade wars and OPEC+ actions.

Naphtha rose to 552.62 USD/T on July 17, 2025, up 0.21% from the previous day. Over the past month, Naphtha's price has remained flat, and is unchanged compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Naphtha - values, historical data, forecasts and news - updated on July of 2025.

CRB Index fell to 372.51 Index Points on July 15, 2025, down 0.22% from the previous day. Over the past month, CRB Index's price has fallen 2.07%, but it is still 10.80% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. CRB Commodity Index - values, historical data, forecasts and news - updated on July of 2025.

Baltic Dry rose to 2,030 Index Points on July 17, 2025, up 6.51% from the previous day. Over the past month, Baltic Dry's price has risen 8.32%, and is up 6.17% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Baltic Exchange Dry Index - values, historical data, forecasts and news - updated on July of 2025.

Iron Ore rose to 97.18 USD/T on July 17, 2025, up 0.12% from the previous day. Over the past month, Iron Ore's price has risen 2.61%, but it is still 10.62% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Iron Ore - values, historical data, forecasts and news - updated on July of 2025.

Coffee fell to 304.49 USd/Lbs on July 18, 2025, down 2.65% from the previous day. Over the past month, Coffee's price has fallen 4.07%, but it is still 27.84% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Coffee - values, historical data, forecasts and news - updated on July of 2025.