Crude Oil fell to 59.17 USD/Bbl on December 2, 2025, down 0.25% from the previous day. Over the past month, Crude Oil's price has fallen 3.08%, and is down 15.40% compared to the same time last year, 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 December of 2025.

Brent fell to 63.05 USD/Bbl on December 2, 2025, down 0.19% from the previous day. Over the past month, Brent's price has fallen 2.84%, and is down 14.36% compared to the same time last year, 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 December of 2025.

On October 27, 2025, the Brent crude oil price stood at 65.14 U.S. dollars per barrel, compared to 61.31 U.S. dollars for WTI oil and 67.54 U.S. dollars for the OPEC basket. Oil prices rose slightly that week.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 global 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 rose to 2.35 USD/Gal on December 2, 2025, up 0.21% from the previous day. Over the past month, Heating Oil's price has fallen 2.25%, but it is still 6.31% higher 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 December of 2025.

The 2025 annual OPEC basket price stood at ***** U.S. dollars per barrel as of August. 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.

Trinidad and Tobago's fuel is subsidized. The prices have been steadily increasing since 2012 to help offset the subsidy as crude oil prices fluctuate. This is a dataset of the fuels that I have been actively tracking.

The Brent Crude Oil Price Market Sentiment – Sample Data dataset provides structured insights into the supply and demand narratives shaping global oil prices. Each entry captures event-driven sentiment with timestamps, directional signals (up/down), topic classification, and market context, allowing traders to track how fundamental developments impact Brent pricing. For the period 11–16 May 2025, key drivers include: Bullish sentiment from OPEC+ production cuts (-1.5m bpd), Libyan supply disruptions (-300k bpd), and rising Chinese demand (+15% YoY imports). Bearish sentiment from U.S. Strategic Petroleum Reserve releases (25m barrels) and Saudi Arabia’s planned production increase (+400k bpd). Exploration impact with the Sirari West X1 oil discovery boosting future supply narratives. By consolidating geopolitical, supply, and demand events, this dataset allows systematic and quantitative traders to backtest how narrative flows align with Brent price movements. It functions as a source of leading indicators, helping desks anticipate volatility, refine trading models, and adjust exposure to energy markets.

This data set is used in the Master's thesis: "A Comparison of Price Fluctuations Between Brent Crude Oil and Retail Fuel Prices in Stavanger - An Algorithmic Model for Refueling" by Ola Nes (2021) The data set contains the fuel prices collected (Excel and CSV files), and the Python code which contains all functions used in the thesis. Abstract for thesis: "This thesis investigates and compares the volatility in the retail fuel market in Stavanger and Brent crude oil. Gasoline and diesel prices have been collected from gas stations in Stavanger in 2020 and 2021, and are used for the thesis’ main goal of developing an algorithmic mathematical model for refueling vehicles at optimal times for consumers that could be used in practice. The collected data suggests that there is higher volatility in the retail fuel market in Stavanger compared to the Brent crude oil market. Gas stations follow a characteristic Edgeworth cycle pattern that have price spikes occur when restarting their price cycles. These occur for the most part at the same time across all gas stations monitored in Stavanger. This pattern can be difficult for consumers to predict. Therefore, a practical refueling algorithm could be useful. There are many factors that go in to such a model to make it efficient such as price spike analysis from the Edgeworth cycle pattern found in retail fuel markets and estimating volatility using GARCH(1,1) method."

Graph and download economic data for Crude Oil Prices: Brent - Europe (DCOILBRENTEU) from 1987-05-20 to 2025-11-03 about crude, oil, Europe, commodities, and price.

Palm Oil rose to 4,134 MYR/T on December 2, 2025, up 1.00% from the previous day. Over the past month, Palm Oil's price has risen 0.46%, but it is still 18.56% lower than a year ago, 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 December of 2025.

As of August 2025, the average annual price of Brent crude oil stood at 71.3 U.S. dollars per barrel. This is over nine 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.

This dataset provides comprehensive and up-to-date information on futures related to oil, gas, and other fuels. Futures are financial contracts obligating the buyer to purchase and the seller to sell a specified amount of a particular fuel at a predetermined price and future date.

Use Cases: 1. Trend Analysis: Scrutinize patterns and price fluctuations to anticipate future market directions in the energy sector. 2. Academic Research: Delve into the historical behavior of oil and gas prices and understand the influence of global events on these commodities. 3. Trading Strategies: Develop and test trading tactics based on the dynamics of oil, gas, and other fuel futures. 4. Risk Management: Utilize the dataset for hedging and risk management for corporations involved in the extraction, refining, or trading of fuels.

Dataset Image Source: Photo by Pixabay: https://www.pexels.com/photo/industrial-machine-during-golden-hour-162568/

Column Descriptions: 1. Date: The date when the data was documented. Format: YYYY-MM-DD. 2. Open: Market's opening price for the day. 3. High: Peak price during the trading window. 4. Low: Lowest traded price during the day. 5. Close: Price at which the market closed. 6. Volume: Number of contracts exchanged during the trading period. 7. Ticker: The unique market quotation symbol for the future. 8. Commodity: Specifies the type of fuel the future contract pertains to (e.g., crude oil, natural gas).

Photo credit: taken from the Weekly Oil Bulletin homepage. License: taken from Copyright notice.

Weekly Oil Bulletin

"To improve the transparency of oil prices and to strengthen the internal market, the European Commission's Oil Bulletin presents weekly consumer prices for petroleum products in EU countries."

The Weekly Oil Bulletin is a weekly publication that began in 1994 and contains information about petroleum products prices. Unfortunately, the data publication method is not up to date to modern standards and they do not seem to be up to the task in updating their publication method [1].

Having Excel files with multiple sheets and different formats is not an appropriate format for efficient data analysis, so I decided to refactor the available data in a single file for easy manipulation. All prices are in EUR and specify the currency exchange rate.

You can find the code to reproduce in dbt-eu-oil-bulletin, feel free to open an issue if you find errors or have any doubts about the procedures.

Dataset Column Description

The dataset is distributed in the Apache Parquet format, and contains the following columns:

this graph was created in Looker studio,PowerBI and R :

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th global temperature increases averaging close to 1.5°C, 2023 was the warmest year since records began, and the increasingly severe impacts of climate change were felt across all continents. We also experienced the continuing effects of geopolitical disruption on energy markets and the economies and livelihoods they support.

As the chartered professional membership body for people working across the world of energy, the Energy Institute is proud to be the home of the Statistical Review of World Energy. Our aim is to provide an objective, independent and comprehensive evidence base for decision makers in governments, businesses and civil society grappling with these profound challenges. Juliet Davenport OBE HonFEI, President, Energy Institute.

Supply and disposition characteristics such as production (fuels include heavy crude, synthetic crude, etc.), input to refineries, exports and others. The data are available at the national and provincial levels. Not all combinations necessarily have data for all years.

The global food prices have surged to historical highs, and there is no consensus on the reasons behind this round of price increases in academia. Based on theoretical analysis, this study uses monthly data from January 2000 to May 2022 and machine learning models to examine the root causes of that period’s global food price surge and global food security situation. The results show that: Firstly, the increase in the supply of US dollars and the rise in oil prices during pandemic are the two most important variables affecting food prices. The unlimited quantitative easing monetary policy of the US dollar is the primary factor driving the global food price surge, and the alternating impact of oil prices and excessive US dollar liquidity are key features of the surge. Secondly, in the context of the global food shortage, the impact of food production reduction and demand growth expectations on food prices will further increase. Thirdly, attention should be paid to potential agricultural import supply chain risks arising from international uncertainty factors such as the ongoing Russia-Ukraine conflict. The Russian-Ukrainian conflict has profoundly impacted the global agricultural supply chain, and crude oil and fertilizers have gradually become the main driving force behind the rise in food prices.

Crude Oil Production in Iraq increased to 4049 BBL/D/1K in October from 3821 BBL/D/1K in September 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.

Crude Oil Price: Indonesia data was reported at 61.320 USD/Barrel in Jul 2019. This records an increase from the previous number of 60.990 USD/Barrel for Jun 2019. Crude Oil Price: Indonesia data is updated monthly, averaging 42.500 USD/Barrel from Dec 1991 (Median) to Jul 2019, with 332 observations. The data reached an all-time high of 134.960 USD/Barrel in Jul 2008 and a record low of 9.990 USD/Barrel in Dec 1998. Crude Oil Price: Indonesia data remains active status in CEIC and is reported by Directorate General of Oil and Gas. The data is categorized under Global Database’s Indonesia – Table ID.PC001: Retail Price: By Major Commodities.