Global Oil Prices Show Improvement at Year-End

Market

Lite

Yosepha Pusparisa 01/01/2021 11:40 WIB

URL has been copied

Memuat...

Global crude oil prices weakened on Thursday, December 31, 2020, until 10:00 WIB. Brent crude traded at US$51.33 per barrel, while WTI stood at US$48.19 per barrel. These figures represent an improve

Global Crude Oil Daily Price (December 31st)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Global Oil Prices Show Improvement at Year-End

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Global Crude Oil Daily Price (December 31st)

Download

Source

A Small Font
A Medium Font
A Bigger Font

Global crude oil prices weakened on Thursday (December 31st) until 10:00 WIB. Brent crude oil was priced at US$51.33 per barrel, down from US$51.47 per barrel the previous day. WTI oil also experienced a similar trend, priced at US$48.19 per barrel, lower than US$48.38 in the previous trading session. Although oil prices weakened, the figures show an improvement since March 2020.

Several analysts predict an oil price recovery in mid-2021. Meanwhile, fuel consumption is still expected to be under pressure due to the looming threat of a second wave of the SARS-CoV-2 virus. Furthermore, the Organization of the Petroleum Exporting Countries (OPEC)'s plan to increase supply will likely cause oil prices to fall.

Editor : Muhammad Ahsan Ridhoi

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."