WTI futures reversed early losses to trade around $48.3 a barrel on Monday as investors try to shrug off concerns over a new coronavirus strain and focus on prospects of a brighter economic outlook for 2021 as coronavirus vaccination started in the European Union and as President Trump finally signed a coronavirus-aid bill worth around $900 billion. There were uncertainties last week whether Trump would sign the new stimulus package after demanding a higher cash payment. On the other hand, a new strain continues to worry investors and threaten the recovery in global fuel demand. The new strain was already reported in many countries outside the UK including France, Canada and Japan and Beijing entered into an emergency mode over the weekend. At the same time, oversupply concerns grow as OPEC+ will gradually reduce output cuts from January.

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 45.68 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 39.28 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
48.6700 0.44 0.91% 1.95% 7.34% -20.46% Dec/28
Brent
USD/Bbl
51.6900 0.40 0.78% 1.53% 8.62% -22.15% Dec/28
Natural gas
USD/MMBtu
2.2710 0.25 -9.81% -16.04% -21.20% 5.71% Dec/28
Gasoline
USD/Gal
1.3921 0.01 0.96% 2.33% 11.47% -18.91% Dec/28
Heating oil
USD/Gal
1.5012 0.01 0.75% 1.61% 10.72% -25.91% Dec/28
Ethanol
USD/Gal
1.3250 0.00 0.00% 0.38% -3.28% -5.16% Dec/24
Naphtha
USD/T
432.10 0.22 0.05% -0.26% 16.46% -19.40% Dec/24
Propane
USD/Gal
0.64 0.00 0.09% 1.44% 17.24% 44.19% Dec/24
Uranium
USD/Lbs
30.3500 0.00 0.00% 0.83% 4.12% 22.13% Dec/24

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,878.44 2.62 0.14% 0.12% 5.71% 22.91% Dec/28
Silver
USD/t.oz
26.348 0.50 1.92% 0.70% 16.56% 46.22% Dec/28
Platinum
USD/t.oz
1,027.67 4.15 0.41% 1.82% 6.51% 6.72% Dec/28

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,265.0000 0.50 0.04% 2.28% 8.12% 32.17% Dec/28
Wheat
USd/Bu
624.7500 2.25 -0.36% 2.21% 7.67% 11.29% Dec/28
Palm Oil
MYR/T
2,623.00 25.00 -0.94% -0.11% -5.82% -5.17% Dec/28
Cheese
USD/Lbs
1.6390 0.01 0.31% 0.61% -32.52% -9.15% Dec/24
Milk
USD/CWT
15.71 0.04 0.26% 0.51% -32.02% -7.91% Dec/24
Rubber
JPY/Kg
263.00 7.00 2.73% -9.93% 4.99% 49.26% Dec/28
Orange Juice
USd/Lbs
118.95 1.00 0.85% 2.85% -6.60% 25.41% Dec/24
Coffee
USd/Lbs
125.95 1.40 1.12% 0.72% 10.00% -0.90% Dec/24
Lumber
USD/1000 board feet
884.40 15.20 1.75% 5.27% 43.32% 117.46% Dec/24
Oat
USd/Bu
338.2500 2.75 0.82% 0.15% 18.79% 13.51% Dec/28
Wool
AUD/100Kg
1,171.00 0.00 0.00% 0.00% 1.83% -24.84% Dec/25
Cotton
USd/Lbs
76.20 0.06 0.08% -1.28% 7.48% 10.00% Dec/24
Cocoa
USD/T
2,593.00 36.00 1.41% 2.05% -13.36% 2.41% Dec/24
Rice
USD/cwt
12.3100 0.03 0.24% -0.40% -1.95% -4.83% Dec/28
Canola
CAD/T
630.90 7.00 1.12% 2.55% 8.98% 33.81% Dec/24
Sugar
USd/Lbs
14.90 0.07 0.47% 1.50% 0.88% 13.48% Dec/24
Tea
USD/Kgs
2.87 0.00 0.00% -2.71% 5.90% 14.80% Dec/25
Corn
USd/BU
453.2500 2.25 0.50% 3.01% 7.98% 17.04% Dec/28

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
17.08 0.00 0.00% -0.18% -10.06% 18.78% Dec/25
Feeder Cattle
USd/Lbs
140.9250 0.65 0.46% 0.34% 0.79% -2.58% Dec/25
Live Cattle
USd/Lbs
112.1500 0.23 0.20% 2.56% 0.70% -10.69% Dec/24
Lean Hogs
USd/Lbs
66.9500 0.90 -1.33% 2.21% 1.17% -6.43% Dec/24
Poultry
BRL/Kgs
5.60 0.00 0.00% -1.93% -11.95% 4.67% Dec/25

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
3.5825 0.02 0.49% 0.17% 4.64% 27.17% Dec/28
Lithium
CNY/T
46,000.00 0.00 0.00% 0.00% 17.95% -7.07% Dec/28
Bitumen
CNY/T
2,468.00 4.00 0.16% -0.08% 2.41% -19.71% Dec/28
Steel
CNY/T
4,258.00 14.00 0.33% -2.70% 5.40% 13.79% Dec/25
Coal
USD/T
84.30 0.30 -0.35% 1.87% 21.56% 20.98% Dec/24
Palladium
USD/t.oz
2,370.70 21.57 0.92% 2.71% -0.09% 22.23% Dec/28
Cobalt
USD/T
32,190.00 0.00 0.00% -0.03% -0.62% -1.71% Dec/25
Lead
USD/T
1,948.75 0.00 0.00% -4.06% -3.68% 1.84% Dec/25
Aluminum
USD/T
2,026.75 23.60 1.18% -1.95% 3.33% 12.32% Dec/24
Tin
USD/T
20,027.50 5.00 0.03% 0.65% 6.84% 16.51% Dec/24
Zinc
USD/T
2,842.50 18.00 0.64% -0.32% 3.06% 23.05% Dec/24
Nickel
USD/T
16,931.50 0.00 0.00% -2.85% 4.36% 21.37% Dec/25
Molybdenum
USD/Kg
23.50 0.00 0.00% 0.00% 0.00% 6.58% Dec/25
Iron Ore
USD/T
163.00 0.00 0.00% 0.93% 27.34% 77.17% Dec/25
Soda Ash
CNY/T
1,320.00 0.00 0.00% -5.71% -17.50% -15.74% Dec/28
Neodymium
CNY/T
607,500.00 0.00 0.00% 2.10% -0.41% 67.82% Dec/25
Iron Ore 62% fe
USD/T
155.0200 0.52 0.34% 2.41% 25.39% 67.44% Dec/24
Rhodium
USD/t oz.
16,650.00 0.00 0.00% 0.91% 3.42% 175.21% Dec/25
Manganese
CNY/T
30.00 1.00 3.45% 7.14% 7.14% -4.76% Dec/25

Index Price Day Weekly Monthly YTD Date
Baltic Dry
Index Points
1,366.00 4.00 0.29% 5.00% 14.12% 39.96% Dec/24
CRB Index
Index Points
175.90 0.00 0.00% -0.54% 3.23% -10.54% Dec/25
LME Index
Index Points
3,451.70 0.00 0.00% -2.00% 4.27% 21.40% Dec/25
S&P GSCI
Index Points
1,953.80 0.00 0.00% -0.82% 4.20% -24.62% Dec/25