Oil: Price of a barrel as of November 6, 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 5 and 6, 2024, we notice:

• The drop in the price of WTI crude oil went from $71.99 to $71.69
• The decrease in the price of Brent oil went from $75.53 to $74.92
• The drop in the price of the OPEC basket went from $74.77 to $73.94

Below is an overview of key data concerning the oil price as of November 6, 2024, based on the following benchmark indices

Price of a barrel of oil in dollars

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