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Oil: Price of a barrel as of October 8, 2024


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The oil price is a crucial indicator for the global economy and financial markets. The price of a barrel of oil influences many sectors, from the automobile industry to energy, including agriculture and transport.

Comparing crude oil prices between October 7 and 8, 2024, we notice:

  • The drop in the price of WTI crude oil went from $77.14 to $73.57
  • The decrease in the price of Brent oil went from $80.93 to $77.18
  • The drop in the price of the OPEC basket went from $78.50 to $78.26

Below is an overview of key data concerning the oil price as of October 8, 2024, based on the following benchmark indices

Price of a barrel of oil in dollars

Index

September 7

October 8

variation a %

WTI Crude Oil

77,14

73,57

-4,63%

Brent Oil

80,93

77,18

-4,63%

OPEC basket

78,50

78,26

-0,31%

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