Oil: Price of a barrel as of November 20, 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 19 and 20, 2024, we notice:

• The drop in the price of WTI crude oil went from $69.24 to $68.75
• The decrease in the price of Brent oil went from $73.31 to $72.49
• The increase in the price of the OPEC basket rose from $72.56 to $73.05

Below is an overview of key oil price data as of November 20, 2024, based on the following benchmark indices

Price of a barrel of oil in dollars

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