Brent crude futures rose to around $68.8 a barrel on Monday, extending a 1.5% gain in the previous week, after a ransomware attack on the US’ largest fuel pipeline forced a temporarily shut down of all operations, raising concerns that the outage could lead to spot shortages of gas, diesel and jet fuel. US Commerce Secretary Gina Raimondo noted that the Federal government is working to avoid supply disruptions as Colonial Pipeline is the source of nearly half of the US East Coast's fuel supply, transporting 2.5 million barrels per day of gasoline and other fuels. The benchmark Brent crude is up more than 30% so far this year as the demand outlook improves with the rollout of Covid-19 vaccines. On the supply side, OPEC+ started this month a gradual easing of oil production curbs after introducing deep cuts since a pandemic-induced oil price collapse in 2020. Elsewhere, Tehran might see sanctions lifted if negotiations to revive the 2015 nuclear deal between Iran and the US are successfu

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 May of 2021.

Brent crude oil is expected to trade at 65.75 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 56.89 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
65.2400 0.34 0.52% 1.16% 9.28% 34.46% May/10
Brent
USD/Bbl
68.6600 0.38 0.56% 1.63% 8.50% 32.55% May/10
Natural gas
USD/MMBtu
2.9380 0.02 -0.68% -0.94% 14.72% 15.71% May/10
Gasoline
USD/Gal
2.1520 0.03 1.18% 2.40% 9.24% 52.61% May/10
Heating oil
USD/Gal
2.0270 0.02 0.82% 3.85% 12.11% 36.59% May/10
Ethanol
USD/Gal
2.3400 0.00 0.00% 0.43% 22.83% 63.29% May/07
Naphtha
USD/T
591.36 0.69 0.12% 5.99% 8.74% 36.67% May/07
Propane
USD/Gal
0.80 0.01 -0.66% -2.23% -7.99% 23.80% May/07
Uranium
USD/Lbs
30.5000 0.05 -0.16% 4.63% -0.81% -0.65% May/07

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,835.18 4.70 0.26% 2.39% 5.93% -3.23% May/10
Silver
USD/t.oz
27.680 0.25 0.91% 3.01% 11.41% 5.01% May/10
Platinum
USD/t.oz
1,260.56 11.56 0.93% 2.48% 7.74% 18.26% May/10

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,613.5000 7.50 -0.46% 3.41% 16.75% 23.47% May/10
Wheat
USd/Bu
759.7500 13.50 -1.75% 4.58% 20.98% 18.62% May/10
Lumber
USD/1000 board feet
1,686.00 41.00 2.49% 12.36% 52.39% 93.11% May/07
Palm Oil
MYR/T
4,350.00 77.00 -1.74% 7.12% 19.18% 20.83% May/10
Cheese
USD/Lbs
1.8070 0.02 -0.82% 5.98% 5.61% 9.78% May/07
Milk
USD/CWT
18.82 0.08 -0.42% 6.69% 6.75% 19.11% May/07
Orange Juice
USd/Lbs
110.30 3.70 -3.25% 0.68% 0.91% -10.51% May/07
Wool
AUD/100Kg
1,319.00 0.00 0.00% -1.71% 1.46% 12.64% May/07
Rice
USD/cwt
14.1050 0.05 -0.32% 5.38% 7.59% 15.24% May/07
Canola
CAD/T
1,045.30 42.20 4.21% 17.45% 28.51% 66.05% May/07
Tea
USD/Kgs
2.91 0.00 0.00% 5.05% 9.81% 1.39% May/07
Coffee
USd/Lbs
150.95 1.95 1.31% 4.90% 18.07% 17.70% May/07
Sugar
USd/Lbs
17.54 0.05 0.29% 4.84% 14.27% 13.23% May/10
Oat
USd/Bu
400.2500 5.25 -1.29% 0.25% 7.52% 10.95% May/10
Rubber
JPY/Kg
262.80 4.80 1.86% 2.26% 17.85% -2.23% May/10
Cotton
USd/Lbs
89.46 0.20 -0.22% 2.58% 11.63% 14.52% May/10
Cocoa
USD/T
2,422.00 50.00 2.11% 3.42% 2.85% -6.95% May/07
Corn
USd/BU
762.0000 10.75 -1.39% 4.06% 33.92% 57.44% May/10

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
20.38 0.02 0.10% -0.05% 0.30% 12.35% May/07
Poultry
BRL/Kgs
7.17 0.02 0.28% 7.34% 15.46% 19.30% May/07
Feeder Cattle
USd/Lbs
131.7250 1.25 0.96% -1.40% -10.47% -5.20% May/07
Lean Hogs
USd/Lbs
111.9750 0.58 0.52% 1.68% 8.21% 59.34% May/07
Live Cattle
USd/Lbs
116.0250 0.55 0.48% -0.47% -6.54% 0.87% May/07

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
4.8855 0.12 2.51% 7.54% 21.23% 38.83% May/10
Coal
USD/T
91.75 1.02 -1.10% -0.14% 3.97% 12.96% May/07
Steel
CNY/T
5,474.00 51.00 0.94% 2.09% 7.06% 29.72% May/07
Iron Ore
USD/T
207.00 10.00 5.08% 10.70% 22.12% 30.60% May/07
Lithium
CNY/T
90,000.00 0.00 0.00% 0.00% 0.00% 93.55% May/10
Bitumen
CNY/T
3,078.00 28.00 -0.90% 0.65% 12.34% 29.22% May/10
Aluminum
USD/T
2,583.50 48.75 1.92% 6.75% 13.01% 30.43% May/10
Tin
USD/T
29,950.00 162.50 0.55% 2.52% 16.72% 47.43% May/10
Zinc
USD/T
3,048.25 23.00 0.76% 3.23% 10.53% 10.81% May/10
Cobalt
USD/T
45,165.00 0.00 0.00% 0.00% -9.22% 40.31% May/07
Lead
USD/T
2,220.20 16.80 0.76% 3.89% 13.23% 12.37% May/07
Nickel
USD/T
18,052.50 140.25 0.78% 2.26% 7.57% 9.06% May/07
Molybdenum
USD/Kg
27.00 0.00 0.00% 0.00% -3.74% 14.89% May/07
Palladium
USD/t.oz
2,959.72 33.21 1.13% -0.37% 10.61% 20.92% May/10
Soda Ash
CNY/T
1,762.00 0.00 0.00% 0.57% 0.57% 31.49% May/07
Neodymium
CNY/T
695,000.00 0.00 0.00% 0.00% -9.15% 11.65% May/07
Iron Ore 62% fe
USD/T
204.35 6.67 3.37% 13.76% 19.89% 31.13% May/07
Manganese
CNY/T
31.50 0.75 2.44% 2.44% 5.00% 0.80% May/07
Rhodium
USD/t oz.
28,900.00 400.00 -1.37% -2.03% -0.69% 70.00% May/07

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
219.94 1.82 0.83% 3.61% 10.46% 23.36% May/07
LME Index
Index Points
4,399.90 102.30 2.38% 5.31% 13.31% 28.86% May/07
S&P GSCI
Index Points
2,511.61 19.54 0.78% 3.38% 10.62% 27.04% May/07