This statistic displays the Brent Crude oil prices for 2014 to 2017, and provides forecast figures for 2018 and 2019. The price for Brent crude oil stood at an average of 54.15 U.S. dollars per barrel in 2017. Comparatively, the price of West Texas Intermediate crude oil hit a low of 30.32 U.S. dollars per barrel in February 2016. Brent is a crude oil benchmark named after the exploration side in the Brent oilfield in the North Sea. It is a light crude oil but slightly heavier than West Texas Intermediate.
Brent Crude oil prices from 2014 to 2019 (in U.S. dollars per barrel)
This statistic displays the Brent Crude oil prices for 2014 to 2017, and provides forecast figures for 2018 and 2019. The price for Brent crude oil stood at an average of 54.15 U.S. dollars per barrel in 2017. Comparatively, the price of West Texas Intermediate crude oil hit a low of 30.32 U.S. dollars per barrel in February 2016. Brent is a crude oil benchmark named after the exploration side in the Brent oilfield in the North Sea. It is a light crude oil but slightly heavier than West Texas Intermediate.
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| Price in U.S. dollars per barrel | |
|---|---|
| 2014 | 98.89 |
| 2015 | 52.32 |
| 2016 | 43.74 |
| 2017 | 54.15 |
| 2018* | 71.06 |
| 2019* | 67.74 |
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