oil and gasoline prices. In March 2022, oil prices soared to highs not seen since 2008 as a result of the Russia-Ukraine war. The decrease noted since August reflects market uncertainty over a looming global recession.
On June 26, 2023, the Brent crude oil price stood at 74.35 U.S. dollars per barrel, compared to 69.37 U.S. dollars for WTI oil and 74.65 U.S. dollars for the OPEC basket. Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for Closing price of Brent, OPEC basket, and WTI crude oil at the beginning of each week from March 2, 2020 to June 26, 2023 (in U.S. dollars per barrel)
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Topics

Statista. (July 3, 2023). Closing price of Brent, OPEC basket, and WTI crude oil at the beginning of each week from March 2, 2020 to June 26, 2023 (in U.S. dollars per barrel) [Graph]. In Statista. Retrieved December 09, 2023, from https://www.statista.com/statistics/326017/weekly-crude-oil-prices/
Statista. "Closing price of Brent, OPEC basket, and WTI crude oil at the beginning of each week from March 2, 2020 to June 26, 2023 (in U.S. dollars per barrel)." Chart. July 3, 2023. Statista. Accessed December 09, 2023. https://www.statista.com/statistics/326017/weekly-crude-oil-prices/
Statista. (2023). Closing price of Brent, OPEC basket, and WTI crude oil at the beginning of each week from March 2, 2020 to June 26, 2023 (in U.S. dollars per barrel). Statista. Statista Inc.. Accessed: December 09, 2023. https://www.statista.com/statistics/326017/weekly-crude-oil-prices/
Statista. "Closing Price of Brent, Opec Basket, and Wti Crude Oil at The Beginning of Each Week from March 2, 2020 to June 26, 2023 (in U.S. Dollars per Barrel)." Statista, Statista Inc., 3 Jul 2023, https://www.statista.com/statistics/326017/weekly-crude-oil-prices/
Statista, Closing price of Brent, OPEC basket, and WTI crude oil at the beginning of each week from March 2, 2020 to June 26, 2023 (in U.S. dollars per barrel) Statista, https://www.statista.com/statistics/326017/weekly-crude-oil-prices/ (last visited December 09, 2023)
Closing price of Brent, OPEC basket, and WTI crude oil at the beginning of each week from March 2, 2020 to June 26, 2023 (in U.S. dollars per barrel) [Graph], Statista, July 3, 2023. [Online]. Available: https://www.statista.com/statistics/326017/weekly-crude-oil-prices/