On August 4, 2025, the Brent crude oil price stood at 68.59 U.S. dollars per barrel, compared to 66.29 U.S. dollars for WTI oil and 71.58 U.S. dollars for the OPEC basket. OPEC prices rose slightly that week, while Brent and WTI prices fell.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 2.28 USD/Gal on August 12, 2025, down 0.56% from the previous day. Over the past month, Heating Oil's price has fallen 4.67%, and is down 4.98% compared to the same time last year, 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 August of 2025.

Urals Oil fell to 62.56 USD/Bbl on August 8, 2025, down 0.97% from the previous day. Over the past month, Urals Oil's price has fallen 6.93%, and is down 16.53% 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.

Analyzing the one-year chart of crude oil can provide insights into its price movement and market trends. This article discusses the factors influencing crude oil prices, the impact of the COVID-19 pandemic, and the future trajectory of oil prices.

Explore the factors influencing crude oil prices, including geopolitical tensions, OPEC decisions, and technological advancements. Understand the historical context, the role of OPEC, and how technical and fundamental analyses impact trading opportunities. Learn how oil prices affect global currencies and the influence of environmental policies on future demand.

The global oil prices graph provides a visual representation of crude oil prices over time and is crucial for understanding market dynamics and tracking price fluctuations. This article explains key terms such as Brent Crude and WTI Crude, as well as the influence of supply and demand, geopolitical events, economic fluctuations, and weather conditions on oil prices. Analysts, investors, governments, and oil companies rely on this graph to identify trends, patterns, and major market events for decision-makin

Brent oil prices in , May, 2025 For that commodity indicator, we provide data from January 1960 to May 2025. The average value during that period was 34.47 USD per barrel with a minimum of 1.21 USD per barrel in January 1970 and a maximum of 133.87 USD per barrel in July 2008. | TheGlobalEconomy.com

Crude Oil Production in Norway increased to 1840 BBL/D/1K in April from 1777 BBL/D/1K in March of 2025. This dataset provides the latest reported value for - Norway Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for No. 2 Heating Oil Prices: New York Harbor (DHOILNYH) from 1986-06-02 to 2025-08-04 about new york harbor, heating, New York, oil, commodities, and USA.

Sunflower Oil rose to 1,300.80 INR/10 kg on August 8, 2025, up 0.46% from the previous day. Over the past month, Sunflower Oil's price has risen 5.03%, and is up 45.54% 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.

Coconut oil prices in , July, 2025 For that commodity indicator, we provide data from January 1960 to July 2025. The average value during that period was 723.74 USD per metric ton with a minimum of 200 USD per metric ton in April 1972 and a maximum of 2771 USD per metric ton in July 2025. | TheGlobalEconomy.com

Brent oil futures charts provide valuable information to traders and investors, allowing them to analyze historical price data, identify trends, and make informed decisions in the volatile oil futures market. This article discusses the use of different chart types, intervals, and technical indicators, as well as the importance of combining technical and fundamental analysis in forecasting Brent crude oil prices.

Crude Oil Production in Iraq increased to 3627 BBL/D/1K in June from 3605 BBL/D/1K in May of 2025. This dataset provides the latest reported value for - Iraq Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Groundnut oil prices in , July, 2025 For that commodity indicator, we provide data from January 1960 to July 2025. The average value during that period was 994.25 USD per metric ton with a minimum of 248.02 USD per metric ton in November 1967 and a maximum of 2502.25 USD per metric ton in December 2012. | TheGlobalEconomy.com

During the Q2 of 2024, the price of white oil in the United States reached 1638 USD/MT in June. The U.S. market exhibited stability, driven by a steady supply-demand outlook and regular refinery functions. Despite fluctuating rates of crude oil and minor geopolitical conflicts, the market remained resilient, with only slight seasonal price variations due to increased demand for cosmetic products during summer. In confluence with this, prices remained static compared to earlier quarters, reflecting a dependable pricing environment, ensuring minimal disruption in the white oil market.

Crude Oil Production in Azerbaijan decreased to 563 BBL/D/1K in April from 577 BBL/D/1K in March of 2025. This dataset provides the latest reported value for - Azerbaijan Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Global price of Olive Oil (POLVOILUSDQ) from Q1 1990 to Q2 2025 about oil, World, food, and price.

The annual price of West Texas Intermediate (WTI) crude oil is expected to reach an average of 61.81 U.S. dollars per barrel in 2025, according to a May 2025 forecast. This would be a decrease of roughly 15 U.S. dollar compared to the previous year. In the first months weeks of 2025, weekly crude oil prices largely stayed below 70 U.S. dollars per barrel amid trade tariffs and expected economic downturn. What are benchmark crudes? WTI is often used as a price reference point called a benchmark (or ”marker”) crude. This category includes Brent crude from the North Sea, Dubai Crude, as well as blends in the OPEC reference basket. WTI, Brent, and the OPEC basket have tended to trade closely, but since 2011, Brent has been selling at a higher annual spot price than WTI, largely due to increased oil production in the United States. What causes price volatility? Oil prices are historically volatile. While mostly shaped by demand and supply like all consumer goods, they may also be affected by production limits, a change in U.S. dollar value, and to an extent by market speculation. In 2022, the annual average price for WTI was close to the peak of nearly 100 U.S. dollars recorded in 2008. In the latter year, multiple factors, such as strikes in Nigeria, an oil sale stop in Venezuela, and the continuous increase in oil demand from China were partly responsible for the price surge. Higher oil prices allowed the pursuit of extraction methods previously deemed too expensive and risky, such as shale gas and tight oil production in the U.S. The widespread practice of fracturing source rocks for oil and gas extraction led to the oil glut in 2016 and made the U.S. the largest oil producer in the world.

Crude Oil Production in Peru increased to 48 BBL/D/1K in March from 46 BBL/D/1K in February of 2025. This dataset provides - Peru Crude Oil Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

A crude oil graph is a graphical representation of the price movement of crude oil over a specific period of time. It provides a comprehensive view of the fluctuations in crude oil prices, allowing investors, traders, and analysts to monitor and analyze the dynamics of the oil market.