| DATE | WTI | BRENT | MCX India |
|---|---|---|---|
| 21-Nov-24 | $ 70.12 | $ 74.35 | ₹ 0 |
| DATE | WTI | BRENT | MCX India |
|---|---|---|---|
| 21-Nov-24 | $ 70.12 | $ 74.35 | ₹ 0 |
| 20-Nov-24 | $ 68.75 | $ 72.81 | ₹ 0 |
| 19-Nov-24 | $ 69.24 | $ 73.31 | ₹ 0 |
| 18-Nov-24 | $ 69.17 | $ 73.33 | ₹ 0 |
| 15-Nov-24 | $ 66.96 | $ 71.04 | ₹ 0 |
| 14-Nov-24 | $ 68.7 | $ 72.56 | ₹ 0 |
| 13-Nov-24 | $ 68.43 | $ 72.28 | ₹ 0 |
| 12-Nov-24 | $ 68.12 | $ 71.89 | ₹ 0 |
| 11-Nov-24 | $ 68.04 | $ 71.83 | ₹ 0 |
| 08-Nov-24 | $ 70.38 | $ 73.87 | ₹ 0 |
| 07-Nov-24 | $ 72.36 | $ 75.63 | ₹ 0 |
| 06-Nov-24 | $ 71.69 | $ 74.92 | ₹ 0 |
| 05-Nov-24 | $ 71.99 | $ 75.53 | ₹ 5944 |
| 04-Nov-24 | $ 71.47 | $ 75.08 | ₹ 5920 |
| YEAR | MARKET | AVG PRICE | CLOSING PRICE | % CHANGE |
|---|---|---|---|---|
| 2018 | WTI | $ 66.26 | $ 50.93 | -16 % |
| 2017 | WTI | $ 50.84 | $ 60.42 | 13 % |
| 2016 | WTI | $ 43.58 | $ 53.72 | 46 % |
| 2015 | WTI | $ 48.72 | $ 37.04 | -31 % |
| 2014 | WTI | $ 93.17 | $ 53.45 | -46 % |
| 2013 | WTI | $ 97.98 | $ 98.17 | 7 % |
| 2012 | WTI | $ 94.05 | $ 91.83 | -8 % |
| 2011 | WTI | $ 94.88 | $ 98.83 | 9 % |
| 2010 | WTI | $ 79.48 | $ 91.38 | 16 % |
| 2009 | WTI | $ 61.95 | $ 79.39 | 78 % |
| 2008 | WTI | $ 99.67 | $ 44.6 | -54 % |
| 2007 | WTI | $ 72.34 | $ 95.95 | 58 % |
| 2006 | WTI | $ 66.05 | $ 60.85 | -1 % |
| 2005 | WTI | $ 56.64 | $ 61.06 | 41 % |
| 2004 | WTI | $ 41.51 | $ 43.36 | 34 % |
| 2003 | WTI | $ 31.08 | $ 32.51 | 5 % |
| 2002 | WTI | $ 26.19 | $ 31.21 | 57 % |
| 2001 | WTI | $ 25.98 | $ 19.96 | -26 % |
| 2000 | WTI | $ 30.38 | $ 26.72 | 4 % |
| 1999 | WTI | $ 19.35 | $ 25.76 | 113 % |
| 1998 | WTI | $ 14.42 | $ 12.14 | -32 % |
| 1997 | WTI | $ 20.61 | $ 17.65 | -32 % |
| 1996 | WTI | $ 22.12 | $ 25.9 | 33 % |
| 1995 | WTI | $ 18.43 | $ 19.54 | 10 % |
| 1994 | WTI | $ 17.2 | $ 17.77 | 26 % |
| 1993 | WTI | $ 18.43 | $ 14.19 | -28 % |
| 1992 | WTI | $ 20.58 | $ 19.49 | 2 % |
| 1991 | WTI | $ 21.54 | $ 19.15 | -33 % |
| YEAR | MARKET | AVG PRICE | CLOSING PRICE | % CHANGE | |
|---|---|---|---|---|---|
| 2018 | BRENT | $ 72.59 | $ 59.7 | -11 % | |
| 2017 | BRENT | $ 54.71 | $ 66.73 | 18 % | |
| 2016 | BRENT | $ 45.13 | $ 56.82 | 53 % | |
| 2015 | BRENT | $ 53.03 | $ 37.28 | -33 % | |
| 2014 | BRENT | $ 98.97 | $ 55.27 | -50 % | |
| 2013 | BRENT | $ 108.56 | $ 109.95 | -1 % | |
| 2012 | BRENT | $ 111.57 | $ 110.8 | 3 % | |
| 2011 | BRENT | $ 111.26 | $ 108.09 | 16 % | |
| 2010 | BRENT | $ 79.61 | $ 93.23 | 20 % | |
| 2009 | BRENT | $ 61.74 | $ 77.91 | 118 % | |
| 2008 | BRENT | $ 96.94 | $ 35.82 | -62 % | |
| 2007 | BRENT | $ 72.44 | $ 93.68 | 59 % | |
| 2006 | BRENT | $ 65.16 | $ 58.96 | 2 % | |
| 2005 | BRENT | $ 54.57 | $ 58.34 | 45 % | |
| 2004 | BRENT | $ 38.26 | $ 40.38 | 34 % | |
| 2003 | BRENT | $ 28.85 | $ 30.3 | 1 % | |
| 2002 | BRENT | $ 24.99 | $ 30.12 | 56 % | |
| 2001 | BRENT | $ 24.46 | $ 19.35 | -15 % | |
| 2000 | BRENT | $ 28.66 | $ 22.58 | -10 % | |
| 1999 | BRENT | $ 17.9 | $ 24.93 | 137 % | |
| 1998 | BRENT | $ 12.76 | $ 10.54 | -34 % | |
| 1997 | BRENT | $ 19.11 | $ 15.86 | -34 % | |
| 1996 | BRENT | $ 20.64 | $ 23.9 | 29 % | |
| 1995 | BRENT | $ 17.02 | $ 18.65 | 15 % | |
| 1994 | BRENT | $ 15.86 | $ 16.23 | 24 % | |
| 1993 | BRENT | $ 17.01 | $ 13.18 | -27 % | |
| 1992 | BRENT | $ 19.32 | $ 17.85 | 1 % | |
| 1991 | BRENT | $ 20.04 | $ 17.75 | -38 % |
The price of crude oil is heavily influenced by the balance between global supply and demand. When demand for oil exceeds supply, prices tend to rise, and when supply outpaces demand, prices tend to fall.
Organizations like OPEC and other major oil-producing countries can adjust their production levels to stabilize or influence the oil market.
Political instability, conflicts, and disruptions in major oil-producing regions can impact the supply of crude oil and lead to price spikes.
The overall health of the global economy affects oil prices. Economic growth increases demand for oil, while economic downturns reduce demand and lead to lower prices.
Crude oil is priced in U.S. dollars, so changes in exchange rates can affect the purchasing power of countries with different currencies, influencing oil demand and prices.
The levels of crude oil and petroleum product inventories in storage facilities are closely monitored. High inventories indicate oversupply, while low inventories signal tight supply conditions.
Speculators, such as hedge funds and financial institutions, influence oil prices through futures and options trading, leading to short-term price volatility.
Advances in drilling technology and production techniques can increase the supply of oil and impact prices.
Environmental policies and regulations can influence oil demand and long-term price trends, as efforts are made to reduce greenhouse gas emissions.
Severe weather events, like hurricanes, can disrupt oil production and transportation, leading to supply disruptions and price fluctuations.
Government policies, subsidies, and taxes related to energy production and consumption can influence the oil market.
Traders and investors' perceptions and sentiment can impact short-term price movements. News, rumors, and market psychology can lead to price swings.
Crude oil prices are fixed based on the several criteria globally, In india we mostly import oil from Iran and other Countries
based on the long term contracts. As we know, we are the major consumer of crude next to China, We exchange oil with USD / Indian Currencies, hence Crude oil price plays a major role in Indian Economy and day today life.
Rates are available for following oil products
If you would like to find the price for other fuel items, you may visit the relevant web pages in www.petroldieselprice.com