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 November, we note:
- WTI crude oil price decrease from 76,79$ to 73,09$
- Brent oil price decline from 8 81,18$ to 77,42$
- OPEC basket price drop from 84,86$ to 82,22$
The following is an overview of key oil price data as of 16 November 2023, based on the following benchmarks:
Oil price per barrel in dollars
|
Index |
15 November |
16 November |
% change |
|
WTI Crude |
76,79 |
73,09 |
-4,82% |
|
Brent Crude |
81,18 |
77,42 |
-4,63% |
|
Opec Basket |
84,86 |
82,22 |
-3,11% |
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