WTI crude oil prices climbed 1.1% to $48.9 per USD and hit a 9-month high on Friday, as stimulus and vaccine hopes lifted sentiment. On Friday, Pfizer applied for approval in Japan for its vaccine, which is being used in the UK and the US. Meanwhile, Vice President Mike Pence said the US approval for Moderna’s shot could come later on Friday. Oil gained support this week from weekly supply data in the US showing crude inventories fell by 3.1 million barrels, beating expectations. .

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 December of 2020.

Crude oil is expected to trade at 46.67 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 40.13 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 YTD Date
Crude Oil
USD/Bbl
 49.0700 0.71 1.47% 5.37% 17.56% -19.81% Dec/18
Brent
USD/Bbl
 52.2800 0.78 1.51% 4.62% 18.28% -21.26% Dec/18
Natural gas
USD/MMBtu
2.7090 0.07 2.77% 4.55% 4.51% 26.10% Dec/18
Gasoline
USD/Gal
 1.3962 0.01 0.58% 6.77% 20.10% -18.67% Dec/18
Heating oil
USD/Gal
 1.5087 0.01 0.90% 5.00% 18.73% -25.54% Dec/18
Ethanol
USD/Gal
 1.3200 0.00 0.00% 0.00% -5.04% -5.52% Dec/18
Naphtha
USD/T
 435.64 2.42 0.56% 2.53% 19.07% -18.74% Dec/18
Propane
USD/Gal
 0.64 0.01 2.22% 9.05% 18.23% 45.29% Dec/18
Uranium
USD/Lbs
 30.1000 0.00 0.00% 1.18% 3.97% 21.13% Dec/18

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
 1,881.04 4.83 -0.26% 2.28% 0.73% 23.08% Dec/18
Silver
USD/t.oz
 25.770 0.28 -1.07% 7.77% 6.98% 43.01% Dec/18
Platinum
USD/t.oz
 1,036.20 8.02 -0.77% 2.71% 8.92% 7.60% Dec/18

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
 1,217.7500 18.75 1.56% 5.09% 3.66% 27.24% Dec/18
Wheat
USd/Bu
 607.0000 1.75 -0.29% -0.21% 2.58% 8.13% Dec/18
Cheese
USD/Lbs
 1.6270 0.00 -0.12% -1.21% -32.99% -9.81% Dec/18
Palm Oil
MYR/T
 2,639.00 13.00 0.50% 0.73% -8.05% -4.59% Dec/18
Milk
USD/CWT
 15.64 0.01 0.06% -0.95% -32.35% -8.32% Dec/18
Coffee
USd/Lbs
 123.70 1.35 -1.08% 4.12% 2.53% -2.68% Dec/18
Wool
AUD/100Kg
 1,171.00 0.00 0.00% -2.25% 1.04% -24.84% Dec/18
Lumber
USD/1000 board feet
 850.30 10.20 1.21% 6.96% 37.83% 109.07% Dec/18
Cotton
USd/Lbs
 77.04 0.15 -0.19% 4.00% 11.14% 11.22% Dec/18
Canola
CAD/T
 624.00 8.80 1.43% 5.12% 9.03% 32.34% Dec/18
Rice
USD/cwt
 12.5550 0.03 -0.24% 0.68% 0.92% -2.94% Dec/18
Tea
USD/Kgs
 2.95 0.00 0.00% 1.72% 8.86% 18.00% Dec/18
Rubber
JPY/Kg
 274.00 4.00 1.48% 17.60% 11.79% 55.51% Dec/18
Oat
USd/Bu
 337.7500 1.00 0.30% -2.03% 13.62% 13.34% Dec/18
Sugar
USd/Lbs
 14.43 0.25 -1.70% 0.00% -5.56% 9.90% Dec/18
Cocoa
USD/T
2,506.00 35.00 -1.38% -8.77% -14.03% -1.03% Dec/18
Orange Juice
USd/Lbs
 117.80 2.15 1.86% 1.51% -7.90% 24.20% Dec/18
Corn
USd/BU
 437.0000 4.75 1.10% 3.01% 3.43% 12.85% Dec/18

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
 17.11 0.08 -0.47% -0.81% -10.14% 18.98% Dec/18
Poultry
BRL/Kgs
 5.71 0.00 0.00% -4.67% -12.42% 6.73% Dec/18
Feeder Cattle
USd/Lbs
 140.4500 0.53 -0.37% 0.52% 2.69% -2.90% Dec/18
Lean Hogs
USd/Lbs
 65.8000 0.38 0.57% 1.74% 3.30% -8.04% Dec/18
Live Cattle
USd/Lbs
 110.4000 1.05 0.96% 1.52% 1.99% -12.08% Dec/18

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
 3.6285 0.03 0.79% 2.86% 12.79% 28.80% Dec/18
Lithium
CNY/T
 39,000.00 0.00 0.00% 0.00% 0.00% -21.21% Dec/18
Steel
CNY/T
 4,263.00 33.00 0.78% 3.45% 4.13% 13.92% Dec/17
Bitumen
CNY/T
 2,562.00 26.00 -1.00% 5.09% 13.66% -16.66% Dec/18
Coal
USD/T
 83.25 0.50 0.60% 2.59% 29.57% 19.47% Dec/18
Palladium
USD/t.oz
 2,360.76 20.34 0.87% 1.82% 1.53% 21.72% Dec/18
Cobalt
USD/T
 32,200.00 0.00 0.00% 0.63% -0.60% -1.68% Dec/18
Lead
USD/T
 2,031.25 10.75 -0.53% -1.20% 3.49% 6.15% Dec/18
Aluminum
USD/T
 2,057.00 10.00 -0.48% 1.28% 3.48% 13.99% Dec/18
Tin
USD/T
 20,060.00 162.50 0.82% 2.75% 7.10% 16.70% Dec/18
Zinc
USD/T
 2,860.50 9.00 0.32% 2.67% 3.86% 23.83% Dec/18
Nickel
USD/T
 17,428.00 32.00 -0.18% 1.14% 10.35% 24.93% Dec/18
Molybdenum
USD/Kg
 23.50 0.00 0.00% 0.00% 0.00% 6.58% Dec/18
Iron Ore
USD/T
 161.50 6.00 3.86% 3.19% 27.17% 75.54% Dec/18
Soda Ash
CNY/T
 1,400.00 0.00 0.00% -4.50% -22.94% -10.64% Dec/18
Neodymium
CNY/T
 595,000.00 0.00 0.00% -2.46% 18.41% 64.36% Dec/18
Iron Ore 62% fe
USD/T
 152.4900 1.12 0.74% 0.31% 24.14% 64.71% Dec/18
Rhodium
USD/t oz.
 16,500.00 0.00 0.00% 1.23% 6.80% 172.73% Dec/18
Manganese
CNY/T
 28.00 0.00 0.00% 0.00% 0.00% -11.11% Dec/18

Index Price Day Weekly Monthly YTD Date
Baltic Dry
Index Points
 1,325.00 24.00 1.84% 9.41% 16.84% 35.76% Dec/18
CRB Index
Index Points
 176.86 1.02 0.58% 3.23% 7.37% -10.06% Dec/18
LME Index
Index Points
 3,502.30 0.00 0.00% 1.73% 8.38% 23.18% Dec/18
S&P GSCI
Index Points
 1,969.94 16.93 0.87% 3.63% 9.99% -24.00% Dec/18