Global crude rebounded slightly in Asian trading on Monday, as investors remained confident that easing coronavirus-induced restrictions on travel and business would boost demand for fuel. However, the resurgence of the coronavirus globally and in the United States, the world’s largest oil consumer, threatens to derail this recovery. The WHO warned that the number of new Covid-19 cases worldwide has reached a record high, with the biggest spike seen in the Americas.

Historically, Crude oil reached an all time high of 147.27 in July of 2008. Crude oil - data, forecasts, historical chart - was last updated on July of 2020.

Crude oil is expected to trade at 38.34 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 32.98 in 12 months time.

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Crude oil


Crude oil
The West Texas Intermediate (WTI) benchmark for US crude is the world's most actively traded commodity. Crude Oil 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 Yearly Date
Crude Oil 40.3100 0.01 -0.02% 1.54% 5.55% -30.27% Jul/06
Brent 42.8800 0.08 0.19% 2.81% 5.20% -33.51% Jul/06
Natural gas 1.7530 0.01 0.34% 2.16% -3.31% -27.05% Jul/06
Gasoline 1.2551 0.01 0.80% 5.19% 3.84% -33.99% Jul/06
Heating oil 1.2327 0.01 0.60% 5.34% 8.98% -34.96% Jul/06
Ethanol 1.3100 0.06 4.80% 13.81% 15.52% -14.44% Jul/02
Naphtha 378.18 1.06 0.28% 10.75% 18.97% -24.99% Jul/02
Propane 0.47 0.00 0.69% -6.65% -6.18% -1.87% Jul/02
Uranium 32.9000 1.50 4.78% -0.15% -1.64% 32.66% Jul/02

Metals Price Day Weekly Monthly Yearly Date
Gold 1,772.95 1.84 -0.10% -0.01% 4.38% 27.08% Jul/06
Silver 17.9680 0.07 -0.40% 0.65% 1.43% 19.59% Jul/06
Platinum 799.85 3.13 -0.39% 1.12% -4.43% -1.68% Jul/03

Agricultural Price Day Weekly Monthly Yearly Date
Soybeans 897.5000 5.75 0.64% 3.67% 3.88% 2.54% Jul/06
Wheat 490.7500 1.00 0.20% 1.08% -4.15% -5.03% Jul/06
Palm Oil 2,412.00 0.00 0.00% 1.73% -0.86% 1.77% Jul/06
Cheese 2.4220 0.01 0.29% 9.94% 16.39% 33.96% Jul/02
Milk 22.99 0.02 0.09% 9.89% 15.94% 32.66% Jul/06
Rubber 142.60 0.60 0.42% 1.42% 4.39% -38.27% Jul/06
Canola 476.30 17.40 3.79% 1.23% 2.74% 8.65% Jul/06
Cocoa 2,214.00 5.00 0.23% -12.18% -7.56% -14.91% Jul/02
Rice 16.5250 0.59 3.67% 21.91% -19.65% 44.45% Jul/02
Sugar 12.24 0.07 0.58% 3.64% 5.34% -1.69% Jul/02
Lumber 448.00 9.40 2.14% 2.85% 28.70% 18.08% Jul/02
Coffee 102.25 0.80 -0.78% 7.80% 3.18% -2.39% Jul/02
Orange Juice 123.75 1.10 0.90% 2.87% -3.47% 19.97% Jul/02
Cotton 63.05 0.47 0.75% 2.01% 4.25% 1.16% Jul/02
Oat 337.2500 2.75 0.82% 9.14% 2.43% 21.97% Jul/02
Wool 1,116.00 0.00 0.00% 0.54% -5.66% -35.23% Jul/03
Tea 2.32 0.00 0.00% -10.08% 17.17% -2.93% Jul/03
Corn 348.2500 6.25 1.83% 7.24% 4.58% -20.58% Jul/06

Livestock Price Day Weekly Monthly Yearly Date
Feeder Cattle 135.8750 3.13 2.35% 2.14% 1.10% -2.18% Jul/02
Live Cattle 99.9500 2.63 2.70% 6.08% 4.85% -5.84% Jul/02
Lean Hogs 44.7250 0.13 -0.28% -4.59% -8.07% -36.18% Jul/02
Beef 14.69 0.06 0.41% 2.94% 6.22% 36.78% Jul/03
Poultry 4.76 0.01 -0.21% 0.85% 16.10% 1.06% Jul/03

Industrial Price Day Weekly Monthly Yearly Date
Copper 2.7235 0.01 0.46% 1.47% 5.44% 2.54% Jul/06
Lithium 40,500.00 0.00 0.00% 0.00% -4.71% -43.75% Jul/06
Steel 3,688.00 20.00 0.55% 0.22% 0.14% -2.36% Jul/03
Bitumen 2,774.00 80.00 2.97% 11.23% 12.40% -14.17% Jul/03
Coal 54.27 0.03 -0.06% -0.48% -3.40% -28.64% Jul/03
Aluminum 1,621.00 0.00 0.00% 3.25% 3.35% -10.39% Jul/02
Tin 16,830.00 80.00 0.48% 1.51% 5.18% -9.00% Jul/02
Zinc 2,044.50 3.00 0.15% -0.27% 1.14% -14.02% Jul/02
Cobalt 28,500.00 0.00 0.00% 0.00% -5.00% -1.72% Jul/03
Lead 1,766.00 0.75 -0.04% -0.62% 2.44% -5.69% Jul/03
Nickel 12,943.00 51.00 0.40% 2.39% 1.88% 2.11% Jul/03
Molybdenum 19.38 0.00 0.00% 0.00% -5.46% -31.76% Jul/03
Iron Ore 101.50 0.00 0.00% -2.40% 0.00% -13.25% Jul/03
Palladium 1,923.18 22.12 1.16% 1.02% -4.92% 23.16% Jul/05
Soda Ash 1,266.67 0.00 0.00% 0.00% 0.00% -22.92% Jul/03
Neodymium 382,000.00 0.00 0.00% 1.19% 6.85% -12.18% Jul/03
Iron Ore 62% fe 98.9400 0.93 0.95% -4.02% -1.45% -16.98% Jul/02
Rhodium 8,000.00 0.00 0.00% 0.00% -5.88% 137.39% Jul/03
Manganese 36.50 1.50 -3.95% -7.59% -13.10% 0.00% Jul/03

Index Price Day Weekly Monthly Yearly Date
Baltic Dry 1,894.00 71.00 3.89% 8.29% 199.68% 9.80% Jul/03
CRB Index 149.31 0.00 0.00% 4.60% 3.59% -21.23% Jul/03
LME Index 2,682.50 16.80 -0.62% 0.78% 5.75% -3.24% Jul/03
S&P GSCI 1,688.22 0.00 0.00% 4.65% 4.43% -31.87% Jul/03