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Brent Oil Price in 1987

The brent oil price fell 5.5% in 1987, from $18.63 at the end of 1986 to $17.60. Its highest close was $20.95 on Aug 3 — a record that stood until April 19, 1989, and its lowest $15.03 on Dec 17. The biggest one-day fall was −5.6% on Dec 17 and the biggest rise +8.4% on Dec 22.

Change in 1987
−5.5%
$18.63 → $17.60
High
$20.95
Aug 3
Low
$15.03
Dec 17
Up days
75 of 160
longest run 7 up, 8 down
Below record
-16.0%
at the end of 1987

Brent Oil Price, daily closes 1987

Numbers mark the events below
$16$18$20MayJulSepNov1Oct 19: Black Monday: Dow falls 508 points (22.6%), its largest one-day percentage drop.2Dec 15: Enters a bear market: 20% below its peak of $20.95 (August 3, 1987).3Dec 17: Biggest one-day fall of the year: −5.6%.4Dec 22: Biggest one-day rise of the year: +8.4%.

Key Events in 1987

What happened, and how the Brent oil moved — on the day (or the next trading day) and about a month later.

  1. 1
    Monday, October 19
    Black Monday: Dow falls 508 points (22.6%), its largest one-day percentage drop. Source
    Brent oil: +0.5% that day · −6.9% a month later
  2. 2
    Tuesday, December 15 From the data
    Enters a bear market: 20% below its peak of $20.95 (August 3, 1987).
  3. 3
    Thursday, December 17 From the data
    Biggest one-day fall of the year: −5.6%.
  4. 4
    Tuesday, December 22 From the data
    Biggest one-day rise of the year: +8.4%.

Biggest days of 1987

Best daysWorst days
Dec 22+8.4%Dec 17−5.6%
Aug 3+4.6%Dec 14−5.2%
Dec 18+3.8%Aug 5−4.1%
Dec 23+3.3%Dec 15−3.6%
Aug 26+3.1%Aug 24−3.4%

Volatility: 24.8% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
May$18.58−0.3%$18.63$18.45
Jun$19.08+2.7%$19.15$18.65
Jul$20.03+5.0%$20.63$18.98
Aug$18.63−7.0%$20.95$17.48
Sep$18.48−0.8%$18.68$17.60
Oct$18.80+1.7%$19.13$18.50
Nov$17.70−5.9%$18.63$17.18
Dec$17.60−0.6%$18.00$15.03

Other Markets in 1987

Change over the calendar year.

MarketChangeYear-end
Brent Oil Price−5.5%$17.60
Dow Jones Industrial Average in 1987+2.3%1,938.83
S&P 500 in 1987+2.0%247.08
Nasdaq Composite in 1987−5.2%330.50
Nikkei 225 in 1987+14.6%21,564.00
Gold in 1987+24.5%$484.10
Silver in 1987+26.9%$6.70
WTI crude oil in 1987−6.6%$16.74
US 10-year Treasury yield in 1987+1.60 pp8.83%
198719881989

Brent Oil Price in 1987: FAQ

How much did the brent oil price fall in 1987?

The brent oil price fell 5.5% in 1987, from $18.63 at the end of 1986 to $17.60. Its highest close was $20.95 on Aug 3 — a record that stood until April 19, 1989, and its lowest $15.03 on Dec 17. The biggest one-day fall was −5.6% on Dec 17 and the biggest rise +8.4% on Dec 22.

What were the highest and lowest closes of the brent oil price in 1987?

Highest: $20.95 on August 3, 1987. Lowest: $15.03 on December 17, 1987. It closed higher on 75 of 160 trading days.

What happened to the brent oil price on October 19, 1987?

Black Monday: Dow falls 508 points (22.6%), its largest one-day percentage drop. The brent oil price rose 0.5% that day, and was −6.9% a month later.

Data: Europe Brent spot price (EIA) from 1987, ICE Brent futures closes after that. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.