Crude Oil decreased 2.12 USD/BBL or 2.95% since the beginning of 2025, 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 March of 2025.

On March 24, 2025, the Brent crude oil price stood at 73.05 U.S. dollars per barrel, compared to 69.11 U.S. dollars for WTI oil and 75.11 U.S. dollars for the OPEC basket. These were slight increases compared to the previous weeks, which had seen some of the lowest prices in four years.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 (whereby a contract is agreed upon, while the 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.

In January 2023, the refined olive oil price amounted to $4,361 per ton (FOB, Turkey), rising by 3% against the previous month.

India's refined palm oil price sees a slight increase, now at $997 per ton. Stay updated on the latest commodity market trends with our comprehensive news coverage.

Brent decreased 0.64 USD/BBL or 0.85% since the beginning of 2025, 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 March of 2025.

During the last quarter of 2024, the mustard oil prices in India reached 1517 USD/MT in December. As per the mustard oil price chart, demand during the holiday season and winter stockpiling caused price fluctuations in India's mustard oil market. Strong price increases in October were fueled by favorable harvest conditions and seasonal consumption.

Explore IMARC’s newly published report, titled “Mustard Oil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of mustard oil pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Gasoline increased 0.22 USD/GAL or 10.89% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on March of 2025.

The price of tall oil in the United States for Q4 2023 reached 985 USD/Ton in December. The price trajectory in the region showed increases in January and February, driven by increasing buying activity in sectors such as nutraceutical and healthcare. Additionally, disruptions at two crucial shipping chokepoints, namely the Suez Canal and the Panama Canal, resulted in increased costs for U.S. retailers, subsequently leading to higher prices for consumers.

Tall Oil Prices December 2023

Explore IMARC’s newly published report, titled “Tall Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of tall oil pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

The UAE raises retail fuel prices in February 2025 amid global oil market volatility and geopolitical influences, affecting local and international economic dynamics.

In April 2023, the crude palm oil price amounted to $951 per ton (FOB, Thailand), increasing by 3% against the previous month.

During the last quarter of 2024, the sunflower oil prices in the USA reached 1120 USD/MT in December. As per the sunflower oil price chart, significant fluctuations were seen in the market as a result of changing supply and demand dynamics. October saw a sharp increase in prices as production costs rose due to global supply being constrained by geopolitical unrest in the Black Sea region.

Explore IMARC’s newly published report, titled “Sunflower oil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of sunflower oil pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Palm Oil decreased 155 MYR/MT or 3.49% since the beginning of 2025, 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 March of 2025.

In April 2023, the price of Maize Oil reached $1,780 per ton (CIF, Qatar), showing a 2% increase compared to the previous month.

The refined soybean oil prices in the United States for Q4 2023 reached 1,436 USD/MT in December. In the USA, soybean oil prices fell, contrary to expectations of a price increase. Factors influencing this trend included weaker demand in the diesel industry and concerns about El Nino affecting palm oil production in Southeast Asia. Additionally, Brazil's policy adjustments regarding biodiesel further pressured prices downward.

In January 2023, the crude soybean oil price amounted to $1,293 per ton (FOB, Turkey), approximately equating the previous month.

In April 2023, the price of Tall Oil Fatty Acids was $2,787 per ton (FOB, France), experiencing a 9.6% growth compared to the previous month.

US sanctions on a Chinese refinery have caused a significant rise in oil prices, with WTI and Brent crude experiencing notable gains. Explore the implications for the global oil market.

Goldman Sachs adjusts oil price forecasts downward as trade tariffs rise and OPEC production increases, impacting global market expectations.

Sunflower Oil increased 56 USD/T or 4.42% since the beginning of 2025, 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.

In March 2023, the palm oil price stood at $1,289 per ton (CIF, Italy), with an increase of 7.2% against the previous month.