The Dated Brent oil price averaged $43.73 per barrel in 2016, down from $52.39/bbl in 2015 and its lowest (nominal) annual level since 2004
In 2016 the annual average price for Brent declined by 17%, while the WTI - Brent differential narrowed to $0.39 per barrel. The market responded to the decline in oil prices, with demand increasing by 2.0 Mb/d, twice its 10-year average.
Crude oil prices ($ per barrel | world events)
Rotterdam product prices ($ per barrel)
Product differentials to crude (Rotterdam products minus dated Brent) ($ per barrel)
The key crudes quoted are Brent, West Texas Intermediate (WTI), Nigerian Focados and Dubai in US$ per barrel.
The spot crude price history from 1972 and annual crude price history from 1861 are available in the historical data excel workbook.
Using Platts data
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