Oil: Price of a barrel as of November 4, 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 November 1 and 4, 2024, we notice:

  • WTI crude oil price rises from $69.49 to $71.47
  • The increase in the price of Brent oil rose from $73.10 to $75.08
  • The increase in the price of the OPEC basket rose from $73.64 to $74.02

Below is an overview of key data concerning the oil price as of November 4, 2024, based on the following benchmark indices

Price of a barrel of oil in dollars

Index

01 November

04 November

variation a %

WTI Crude Oil

69,49

71,47

+2,85%

Brent Oil

73,10

75,08

+2,71%

OPEC basket

73,64

74,02

+0,52%

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