Prices

• Date: 01 December 2017
• Published date: 01 December 2017
• DOI: http://doi.org/10.1111/oet.9_12418

OIL AND ENERGY TRENDS, DECEMBER 2017

38 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:

2016 Oct 49.82 50.04 49.92 47.10 49.06 48.70 51.60 50.52

Nov 44.85 45.56 46.42 42.61 43.99 44.27 47.31 41.83 45.29

Dec 52.99 51.53 53.21 50.56 51.22 51.35 53.40 53.40

2017 Jan 54.63 52.50 54.53 52.58 53.78 53.65 57.15 51.69 55.11

Feb 55.17 53.29 55.00 52.87 54.31 54.72 57.56 55.54

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 47.24 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 52.61 56.67

Oct 57.03 51.29 57.34 55.42 55.28 55.49 58.01 58.21

Values as of:

2017 07 Jul 48.20 44.96 47.43 47.33 47.49 47.32 48.50

14 Jul 47.25 45.51 48.13 46.33 46.10 45.83 47.59

21 Jul 48.20 46.39 49.14 47.25 47.76 47.55 48.42

28 Jul 49.97 48.29 50.90 49.28 48.37 47.95 50.44

04 Aug 52.05 49.51 52.13 51.71 50.62 50.33 50.13 52.69

11 Aug 51.89 49.11 51.98 51.72 50.89 50.87 50.13 52.67

18 Aug 50.46 47.50 50.99 50.13 49.41 49.49 48.50 51.38

25 Aug 51.91 47.62 51.87 50.94 50.35 50.40 49.74 52.83

01 Sep 52.34 46.70 51.38 51.02 49.95 50.56 49.67 53.02

08 Sep 53.92 48.60 53.21 52.58 52.03 52.24 51.15 55.12

15 Sep 55.64 49.08 54.42 53.82 52.87 53.20 52.75 56.83

22 Sep 56.67 50.06 55.65 55.25 54.31 54.77 53.72 58.32

29 Sep 58.56 51.83 57.65 56.66 55.47 56.51 55.74 60.05

06 Oct 56.14 50.21 55.95 54.88 54.65 54.95 57.37

13 Oct 55.90 50.77 56.75 54.97 54.62 54.84 57.46

20 Oct 57.51 51.71 57.76 55.92 55.73 56.09 59.01

27 Oct 58.58 52.48 58.91 55.92 56.11 56.09 59.01

Crude Oil Price Movement 2016-2017

Brent, WTI & OPEC Basket ($/b)