Evolution of Oil Prices: Barrel Prices on January 23, 2024

Oil prices are crucial indicators for the global economy and financial markets, influencing various sectors such as the automotive industry, energy, agriculture, and transportation.

Comparing crude oil prices between January 22 and January 23, 2024, reveals the following trends:

  • The price of WTI crude oil experienced a slight decrease, going from $74.76 to $74.37.
  • The price of Brent crude oil, on the other hand, increased from $78.60 to $79.11.
  • The OPEC basket price also saw a rise, going from $79.70 to $81.30.

Here is a summary of key data related to oil prices on January 23, 2024, based on the following benchmark indices, expressed in dollars:

Index January 22 January 23 Percentage Change
WTI Crude Oil $74.76 $74.37 -0.52%
Brent Crude Oil $78.60 $79.11 +0.65%
OPEC Basket $79.70 $81.30 +2.01%

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