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 16 and 17 October, we note:
- WTI crude oil price increase from 85,44$ to 87,27$
- Brent oil price increase from 89,9$ to 91,5$
- OPEC basket price increase from 92,65$ to 94,46$
The following is an overview of key oil price data as of 18 October 2023, based on the following benchmarks:
Oil price per barrel in dollars
|
Index |
18 October |
17 October |
% change |
|
WTI Crude |
87,27 |
85,44 |
+2,14% |
|
Brent Crude |
91,5 |
89,9 |
+1,78% |
|
Opec Basket |
94,46 |
92,65 |
+1,95% |
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