Crude oil prices on January 16, 2024 – Price per barrel

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 15 and 16 January, we note:

• WTI crude oil price decrease from 72,68$ to 72,4$
• Brent oil price decline from 78,15$ to 77,43$

The following is an overview of key oil price data as of 16 January 2023, based on the following benchmarks:

Oil price per barrel in dollars