Oil prices rose on Thursday, on course for a second consecutive day of gains as positive economic data from the US and a massive draw in crude inventories offset worries about the global economic impact of surging coronavirus infections in many countries. WTI crude rallied above $40 a barrel while Brent added nearly 2% to trade around $43 a barrel. Investors mood was lifted by a strong US payroll report, while data showed US crude stocks plunged 7.2 million barrels from a record high last week, suggesting fuel demand is improving despite the rapid spread of Covid-19.

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 38.13 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 32.79 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 40.4000 0.58 1.46% 4.34% 8.34% -29.54% Jul/02
Brent 42.8400 0.81 1.93% 4.36% 7.67% -32.87% Jul/02
Natural gas 1.7300 0.04 2.31% 20.31% -4.79% -24.45% Jul/02
Gasoline 1.2519 0.04 3.10% 3.79% 12.06% -34.68% Jul/02
Heating oil 1.2237 0.03 2.16% 5.53% 14.68% -35.55% Jul/02
Ethanol 1.3100 0.06 4.80% 13.81% 15.52% -11.67% Jul/02
Naphtha 377.12 34.89 10.20% 10.57% 18.57% -24.86% Jul/01
Propane 0.46 0.03 -6.87% -7.39% -6.06% -2.38% Jul/01
Uranium 31.4000 0.00 0.00% -5.28% -6.41% 28.16% Jul/01

Metals Price Day Weekly Monthly Yearly Date
Gold 1,776.50 7.20 0.41% 0.85% 4.61% 25.23% Jul/02
Silver 17.9860 0.03 -0.17% 0.59% 1.82% 17.56% Jul/02
Platinum 808.73 7.06 -0.87% 0.64% -2.10% -3.32% Jul/02

Agricultural Price Day Weekly Monthly Yearly Date
Soybeans 891.7500 1.50 -0.17% 2.68% 3.96% 0.73% Jul/02
Wheat 489.2500 8.00 -1.61% 0.77% -4.54% -5.55% Jul/02
Cheese 2.4220 0.01 0.29% 9.94% 16.39% 33.66% Jul/02
Palm Oil 2,402.00 20.00 0.84% -0.37% -1.76% -0.12% Jul/02
Milk 22.97 0.12 0.53% 9.80% 15.83% 32.70% Jul/02
Rubber 142.00 0.50 0.35% 0.21% 9.15% -36.61% Jul/02
Lumber 448.00 9.40 2.14% 2.85% 28.70% 16.58% Jul/02
Orange Juice 123.75 1.10 0.90% 2.87% -3.47% 28.24% Jul/02
Coffee 102.25 0.80 -0.78% 7.80% 3.18% -8.91% Jul/02
Cotton 61.85 0.73 -1.17% 0.06% 2.27% -2.98% Jul/02
Canola 479.90 16.20 3.49% 1.65% 4.12% 6.60% Jul/02
Oat 337.2500 2.75 0.82% 9.14% 2.43% 18.54% Jul/02
Sugar 12.24 0.07 0.58% 3.64% 5.34% -2.39% Jul/02
Wool 1,114.00 4.00 0.36% 0.36% -5.51% -34.85% Jul/01
Rice 15.9400 1.44 9.89% 14.35% -16.39% 43.60% Jul/01
Tea 2.32 0.26 -10.08% -10.08% 13.17% -2.93% Jul/01
Cocoa 2,214.00 5.00 0.23% -12.18% -7.56% -9.93% Jul/02
Corn 342.0000 5.50 -1.58% 7.97% 5.47% -21.02% Jul/02

Livestock Price Day Weekly Monthly Yearly Date
Beef 14.63 0.09 0.62% 2.67% 7.89% 35.84% Jul/01
Poultry 4.75 0.00 0.00% 0.00% 16.42% 1.71% Jul/01
Feeder Cattle 135.8250 3.08 2.32% 2.10% 1.06% -0.55% Jul/02
Live Cattle 99.9500 2.63 2.70% 6.08% 4.85% -5.22% Jul/02
Lean Hogs 44.7250 0.13 -0.28% -4.59% -8.07% -39.19% Jul/02

Industrial Price Day Weekly Monthly Yearly Date
Copper 2.7320 0.01 -0.26% 2.57% 9.74% 1.96% Jul/02
Lithium 40,500.00 0.00 0.00% 0.00% -4.71% -44.14% Jul/02
Bitumen 2,694.00 12.00 -0.44% 8.02% 7.42% -18.66% Jul/02
Steel 3,668.00 28.00 0.77% -0.33% -0.38% -4.73% Jul/02
Aluminum 1,592.00 14.50 -0.90% 0.44% 5.26% -11.06% Jun/19
Tin 16,885.00 0.00 0.00% -1.37% 9.22% -7.78% Jun/19
Zinc 2,082.00 30.00 1.46% 5.31% 2.23% -14.99% Jun/19
Cobalt 28,500.00 0.00 0.00% 0.00% -5.00% -1.72% Jul/01
Lead 1,756.75 6.50 -0.37% 0.50% 3.37% -5.79% Jul/01
Nickel 12,791.00 33.50 0.26% 2.39% 0.03% 4.23% Jul/01
Molybdenum 19.38 0.00 0.00% 0.00% -5.46% -31.76% Jul/01
Iron Ore 101.50 0.00 0.00% -2.40% 0.00% -18.47% Jul/01
Coal 54.30 1.33 2.51% 1.84% -4.85% -25.92% Jul/02
Palladium 1,905.10 0.46 0.02% 3.42% -2.26% 21.23% Jul/02
Neodymium 382,000.00 0.00 0.00% 1.19% 7.76% -14.16% Jul/01
Iron Ore 62% fe 98.0100 4.94 -4.80% -4.96% -2.64% -20.42% Jul/01
Rhodium 8,000.00 0.00 0.00% 0.00% -11.11% 138.81% Jul/01
Manganese 38.00 0.00 0.00% -3.80% -15.56% 4.11% Jul/01
Soda Ash 1,266.67 0.00 0.00% 0.00% -1.30% -26.21% Jul/02

Index Price Day Weekly Monthly Yearly Date
Baltic Dry 1,803.00 4.00 0.22% 5.75% 230.22% 16.40% Jul/01
CRB Index 147.77 1.24 0.85% 2.88% 3.76% -21.94% Jul/01
LME Index 2,692.80 11.10 0.41% 2.59% 6.62% -2.99% Jul/01
S&P GSCI 1,667.29 16.50 1.00% 3.05% 4.24% -32.57% Jul/01