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 13 and 16 October, we note:
- WTI crude oil price decline from 86,35$ to 85,26$
- Brent oil price decline from 90,89$ to 89,65$
- OPEC basket price increase from 91,62$ to 93,23$
The following is an overview of key oil price data as of 16 October 2023, based on the following benchmarks:
Oil price per barrel in dollars
|
Index |
16 October |
13 October |
% change |
|
WTI Crude |
85,26 |
86,35 |
-1,26% |
|
Brent Crude |
89,65 |
90,89 |
-1,36% |
|
Opec Basket |
93,23 |
91,62 |
+1,76% |
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