Brent crude fell for the fifth session on Wednesday, dipping below the $63 a barrel level, as traders brace for the OPEC+ meeting later this week. Major oil producers will meet to decide if they will ease supply curbs further after oil prices rose to over 13-month highs in February. Capping losses were prospects of a brighter economic outlook on the back of widening vaccination campaigns and more government spending.

Historically, Brent crude oil reached an all time high of 147.50 in July of 2008. Brent crude oil - data, forecasts, historical chart - was last updated on March of 2021.

Brent crude oil is expected to trade at 59.89 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 51.82 in 12 months time.

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Brent crude oil


Brent crude oil
Brent Crude oil is a major benchmark price for purchases of oil worldwide. While Brent Crude oil is sourced from the North Sea the oil production coming from Europe, Africa and the Middle East flowing West tends to be priced relative to this oil. The Brent prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Energy Price Day Weekly Monthly YTD Date
Crude Oil
USD/Bbl
60.0100 0.26 0.44% -5.08% 6.72% 23.68% Mar/03
Brent
USD/Bbl
63.0100 0.32 0.51% -4.79% 7.09% 21.64% Mar/03
Natural gas
USD/MMBtu
2.8460 0.01 0.25% 1.82% -3.03% 12.09% Mar/03
Gasoline
USD/Gal
1.9373 0.00 0.05% 2.20% 17.78% 37.39% Mar/03
Heating oil
USD/Gal
1.8167 0.01 0.48% -4.80% 6.83% 22.42% Mar/03
Ethanol
USD/Gal
1.7750 0.09 5.03% 5.03% 8.23% 23.87% Mar/02
Naphtha
USD/T
560.96 8.17 -1.44% 1.18% 7.40% 29.64% Mar/02
Propane
USD/Gal
0.97 0.01 0.73% 6.44% 15.05% 50.19% Mar/02
Uranium
USD/Lbs
27.8500 0.15 -0.54% -3.80% -6.70% -9.28% Mar/02

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,732.72 5.37 -0.31% -3.97% -3.32% -8.64% Mar/03
Silver
USD/t.oz
26.698 0.05 -0.20% -4.58% 1.54% 1.29% Mar/03
Platinum
USD/t.oz
1,193.50 11.12 -0.92% -5.91% 8.76% 11.97% Mar/03

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,413.5000 1.25 -0.09% -0.62% 2.73% 7.37% Mar/03
Wheat
USd/Bu
659.5000 3.75 -0.57% -3.05% 3.45% 2.97% Mar/03
Palm Oil
MYR/T
3,622.00 20.00 -0.55% -0.79% 9.20% 0.61% Mar/03
Cheese
USD/Lbs
1.5850 0.00 0.06% 0.13% -1.55% -3.71% Mar/02
Milk
USD/CWT
15.65 0.01 0.06% 0.06% 0.45% -0.95% Mar/02
Rubber
JPY/Kg
267.00 1.90 0.72% -2.13% 10.79% -0.67% Mar/03
Orange Juice
USd/Lbs
109.40 0.80 0.74% -0.09% 1.02% -11.24% Mar/02
Coffee
USd/Lbs
133.25 1.90 -1.41% -1.95% 7.50% 3.90% Mar/02
Lumber
USD/1000 board feet
990.50 16.50 1.69% -2.71% 12.05% 13.45% Mar/02
Oat
USd/Bu
355.5000 19.00 -5.07% 0.07% 1.86% -1.46% Mar/03
Wool
AUD/100Kg
1,307.00 1.00 0.08% -0.83% 1.95% 11.61% Mar/02
Cotton
USd/Lbs
89.70 1.22 1.38% -1.83% 10.75% 14.82% Mar/02
Cocoa
USD/T
2,742.00 6.00 0.22% 5.62% 8.51% 5.34% Mar/02
Rice
USD/cwt
12.9950 0.02 -0.12% 0.97% -0.23% 6.17% Mar/03
Canola
CAD/T
814.70 13.70 1.71% -1.93% 17.21% 29.42% Mar/02
Sugar
USd/Lbs
16.43 0.22 1.36% -10.76% 2.43% 6.07% Mar/02
Tea
USD/Kgs
2.91 0.00 0.00% 1.75% -14.16% 1.39% Mar/02
Corn
USd/BU
557.5000 3.25 -0.58% -0.31% 1.36% 15.19% Mar/03

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
19.40 0.00 0.00% 3.52% 0.31% 6.95% Mar/02
Feeder Cattle
USd/Lbs
136.5250 0.68 -0.49% -1.48% -1.44% -1.75% Mar/02
Live Cattle
USd/Lbs
119.4250 0.45 0.38% 3.29% 3.42% 3.83% Mar/02
Lean Hogs
USd/Lbs
85.3500 2.38 -2.71% -1.24% 17.93% 21.45% Mar/02
Poultry
BRL/Kgs
6.06 0.00 0.00% 0.83% 2.36% 0.83% Mar/02

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
4.2000 0.02 -0.39% -1.94% 17.99% 19.39% Mar/03
Lithium
CNY/T
70,500.00 0.00 0.00% 4.44% -48.16% 51.61% Mar/03
Bitumen
CNY/T
2,950.00 114.00 -3.72% -6.65% 7.27% 23.85% Mar/02
Steel
CNY/T
4,625.00 23.00 0.50% 2.55% 11.88% 9.60% Mar/02
Coal
USD/T
83.90 1.13 1.37% 10.03% 8.26% 3.30% Mar/02
Palladium
USD/t.oz
2,371.41 9.34 0.40% -2.66% 3.88% -3.12% Mar/03
Cobalt
USD/T
52,610.00 0.00 0.00% 5.22% 22.35% 63.44% Mar/02
Lead
USD/T
2,057.75 0.00 0.00% -3.65% 2.86% 4.15% Mar/02
Aluminum
USD/T
2,226.00 120.75 5.74% 3.29% 13.18% 12.38% Mar/02
Tin
USD/T
24,465.00 917.50 3.90% -7.76% 6.65% 20.43% Mar/02
Zinc
USD/T
2,851.25 59.00 2.11% -0.01% 8.32% 3.64% Mar/02
Nickel
USD/T
18,636.50 0.00 0.00% -4.22% 5.58% 12.58% Mar/02
Molybdenum
USD/Kg
29.25 0.00 0.00% 10.38% 17.00% 24.47% Mar/02
Iron Ore
USD/T
173.00 0.00 0.00% -1.42% 16.50% 9.15% Mar/02
Soda Ash
CNY/T
1,586.00 0.00 0.00% 9.68% 17.48% 18.36% Mar/02
Neodymium
CNY/T
850,000.00 15,000.00 1.80% 19.72% 19.72% 36.55% Mar/02
Iron Ore 62% fe
USD/T
173.1600 1.42 0.83% 5.48% 14.82% 11.11% Mar/02
Rhodium
USD/t oz.
27,900.00 500.00 1.82% 17.23% 37.44% 64.12% Mar/02
Manganese
CNY/T
31.25 0.00 0.00% 0.00% -1.57% 0.00% Mar/02

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
201.89 0.65 0.32% -1.37% 6.72% 13.23% Mar/02
LME Index
Index Points
3,917.70 72.20 1.88% -0.36% 13.95% 14.74% Mar/02
S&P GSCI
Index Points
2,273.27 0.00 0.00% -1.72% 7.08% 14.99% Mar/02