Oil prices

Dated Brent averaged $111.26 per barrel in 2011, an increase of 40% from the 2010 level.

The loss of Libyan supplies early in the year, combined with smaller disruptions in a number of other countries, pushed prices sharply higher despite a large increase in production among other OPEC members following the Libyan outages and a release of strategic stocks from International Energy Agency member countries.

Methodology

The key crudes quoted are Brent, West Texas Intermediate (WTI), Nigerian Focados and Dubai in US$ per barrel.

Crude oil prices 1861-2011

US dollars per barrel
World events

Spot crude price history from 1972 and annual crude price history from 1861 can be found in the Excel workbook

Rotterdam product prices

US dollars per barrel
World events

Rotterdam & US Gulf Coast prices for gasoline, gas oil and heavy fuel oil are included in US dollars per barrel.

US Gulf Coast product prices

US dollars per barrel
World events

Using Platts data

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