WTI crude futures rose 2.24% to settle at $83.17 per barrel on Thursday, advancing for the third consecutive month amid ongoing efforts by the OPEC+ alliance to curb supply, as well as persistent geopolitical risks in Eastern Europe and the Middle East. In early March, OPEC+ agreed to extend voluntary production cuts through the end of the second quarter, and is expected to maintain current output policies when it meets next week. Oil prices were also boosted recently by Ukrainian drone attacks on Russian refineries which affected more than 10% of the country’s oil processing capacity. In the Middle East, the UN Security Council passed a resolution calling for an immediate ceasefire in Gaza, but analysts were doubtful that it would end Houthi attacks on Red Sea shipping that have disrupted supply routes.

Crude Oil increased 11.47 USD/BBL or 16.01% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. 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 March 29 of 2024.

Crude Oil increased 11.47 USD/BBL or 16.01% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil is expected to trade at 82.62 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 82.82 in 12 months time.



Price Day Month Year Date
Crude Oil 83.12 -0.047 -0.06% 5.10% 11.59% Mar/29
Brent 86.97 -0.028 -0.03% 5.18% 10.65% Mar/29
Natural gas 1.75 -0.0112 -0.64% -11.30% -16.74% Mar/29
Gasoline 2.72 0.0003 0.01% 4.46% 3.15% Mar/29
Heating Oil 2.62 -0.0050 -0.19% -0.88% 2.10% Mar/29
Coal 129.10 0.10 0.08% -1.45% -26.90% Mar/28
Ethanol 1.58 0.0051 0.32% 5.02% -29.57% Mar/28
Naphtha 709.01 0.01 0.002% 6.92% 5.12% Mar/28
Propane 0.82 0 0% -8.78% 2.85% Mar/28
Uranium 88.50 3.5000 4.12% -13.19% 77.00% Mar/25
Methanol 2,476.00 9.00 0.36% -3.17% -0.40% Mar/29


Crude Oil
Crude oil futures are the benchmark for oil prices in the United States and serve as a reference point for global oil pricing. Crude oil is classified as light and sweet where "light" refers to its low density and "sweet" indicates its low sulfur content. The delivery point for crude oil futures is Cushing Hub in Oklahoma. Each futures contract represents 1,000 barrels of crude oil. 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. .
Actual Previous Highest Lowest Dates Unit Frequency
83.12 83.17 147.27 -40.32 1983 - 2024 USD/BBL Daily