Oil prices are key indicators for the global economy and financial markets. The price of oil affects many sectors, from the automotive industry to energy, agriculture and transportation.
Comparing crude oil prices between 31 January and 01 February, we note:
- WTI crude oil price decrease from 75,85$ to 73,82$
- Brent oil price decline from 80,55$ to 78,7$
- OPEC basket price drop from 82,99$ to 80,76$
The following is an overview of key oil price data as of 01 February 2023, based on the following benchmarks:
Oil price per barrel in dollars
|
Index |
30 February |
31 January |
% change |
|
WTI Crude |
73,82 |
75,85 |
-2,68% |
|
Brent Crude |
78,7 |
80,55 |
-2,30% |
|
Opec Basket |
80,76 |
82,99 |
-2,69% |
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