Prices

• DOI: http://doi.org/10.1111/oet.9_12507
• Date: 01 May 2018
• Published date: 01 May 2018

OIL AND ENERGY TRENDS, MAY 2018

48 PRICES

Table 14.1 Spot Crude Oil Prices

($/b FOB port of shipment)

Country: UK US US Russia Dubai Oman Russia Egypt Nigeria

Crude: Brent WTI ANS Urals Dubai Oman ESPO Suez Bl Bonny Lt

ºAPI 394032323134353133

Monthly Averages:

2017 Mar 51.82 49.94 52.43 49.46 51.51 52.08 53.76 48.54 52.39

Apr 52.63 51.17 53.79 50.25 52.39 52.79 53.95 53.01

May 50.38 48.45 51.02 48.65 50.43 50.52 51.66 46.99 51.17

Jun 46.92 41.61 47.94 45.69 46.91 46.64 47.75 47.39

Jul 48.41 46.29 48.90 47.55 47.43 47.16 48.57 48.74

Aug 51.58 48.44 51.74 51.13 50.32 50.27 52.48 49.63 52.39

Sep 55.43 49.25 54.46 53.87 52.93 53.46 55.65 54.90 56.67

Oct 57.03 51.29 57.34 55.42 55.28 55.49 58.01 55.59 58.21

Nov 62.28 56.12 62.61 61.50 60.51 60.58 63.74 60.71 63.40

Dec 64.22 57.98 63.76 63.87 61.60 61.59 64.28 63.83 64.01

2018 Jan 69.26 63.37 68.81 68.59 66.06 66.27 70.47 61.64 70.91

Feb 65.40 62.50 66.53 63.77 63.03 63.54 67.87 61.85 67.30

Mar 66.11 62.88 66.55 63.92 62.97 63.91 66.47 67.53

Values as of:

2017 01 Dec 63.57 57.83 63.59 62.92 61.05 61.43 64.40 61.41 64.58

08 Dec 63.08 57.02 62.74 62.58 60.29 60.63 63.79 64.01

15 Dec 64.10 57.21 62.80 64.21 61.24 61.27 64.40 65.44

22 Dec 64.10 57.88 63.72 64.21 61.75 61.27 64.40 65.44

29 Dec 66.25 59.97 65.93 65.44 63.69 63.34 67.05 67.24

2018 05 Jan 67.89 61.36 67.35 67.20 64.79 64.75 69.00 66.24 69.40

12 Jan 69.61 63.27 68.76 68.90 65.97 66.31 70.24 67.93 71.34

19 Jan 69.52 63.76 69.02 68.76 66.53 67.06 71.13 67.48 71.13

26 Jan 70.01 65.10 70.09 69.51 66.96 66.95 71.50 67.27 71.78

02 Feb 68.15 65.21 69.79 67.15 66.58 67.23 71.57 64.99 69.82

09 Feb 65.47 61.94 66.41 63.94 63.33 63.90 68.36 61.81 67.34

16 Feb 62.72 60.42 63.85 60.71 60.31 60.73 65.31 58.68 64.60

23 Feb 65.25 62.44 66.08 63.29 61.88 62.29 66.22 61.06 67.42

02 Mar 65.76 62.18 65.72 63.81 62.56 63.03 65.57 61.85 66.88

09 Mar 65.21 61.71 65.24 62.37 61.21 62.05 65.64 66.87

16 Mar 64.06 61.34 65.05 61.46 61.46 62.41 65.93 65.57

23 Mar 67.33 64.12 67.81 65.41 64.03 65.06 65.41 68.57

30 Mar 68.18 65.04 68.94 66.53 65.57 67.01 69.78 69.75

Crude Oil Price Movement 2017-2018

Brent, WTI & OPEC Basket ($/b)