Oil: Price of a barrel as of November 25, 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 22 and 25, 2024, we note:

• The drop in the price of WTI crude oil went from $71.24 to $68.94
• The decrease in the price of Brent oil went from $74.63 to $72.48
• The drop in the price of the OPEC basket went from $74.43 to $73.58

Below is an overview of key oil price data as of November 25, 2024, based on the following benchmark indices

Price of a barrel of oil in dollars

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