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Brent Oil Price in 1993

The brent oil price fell 26.2% in 1993, from $17.85 at the end of 1992 to $13.18. Its highest close was $19.60 on Mar 5, and its lowest $13.13 on Dec 29. The biggest one-day fall was −6.6% on Dec 15 and the biggest rise +6.3% on Dec 14. Adjusted for inflation, it lost 28.1%.

Change in 1993
−26.2%
$17.85 → $13.18
High
$19.60
Mar 5
Low
$13.13
Dec 29
After inflation
−28.1%
US CPI
Up days
106 of 252
longest run 4 up, 7 down
Below record
-68.2%
at the end of 1993

Brent Oil Price, daily closes 1993

Numbers mark the events below
$14$16$19JanFebMarAprMayJunJulAugSepOctNovDec1Jan 8: Enters a bear market: 20% below its peak of $21.55 (June 24, 1992).2Dec 8: President Clinton signs the North American Free Trade Agreement Implementation Act.3Dec 14: Biggest one-day rise of the year: +6.3%.4Dec 15: Biggest one-day fall of the year: −6.6%.

Key Events in 1993

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

  1. 1
    Friday, January 8 From the data
    Enters a bear market: 20% below its peak of $21.55 (June 24, 1992).
  2. 2
    Wednesday, December 8
    President Clinton signs the North American Free Trade Agreement Implementation Act. Source
    Brent oil: −3.1% that day · +1.9% a month later
  3. 3
    Tuesday, December 14 From the data
    Biggest one-day rise of the year: +6.3%.
  4. 4
    Wednesday, December 15 From the data
    Biggest one-day fall of the year: −6.6%.

Biggest days of 1993

Best daysWorst days
Dec 14+6.3%Dec 15−6.6%
Sep 20+3.1%Nov 25−5.2%
Jan 25+2.9%Jun 11−3.1%
Sep 30+2.7%Dec 8−3.1%
Feb 19+2.6%Nov 8−2.9%

Volatility: 21.8% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$18.48+3.5%$18.48$16.70
Feb$18.83+1.9%$18.88$17.83
Mar$18.70−0.7%$19.60$18.18
Apr$18.85+0.8%$18.98$18.48
May$18.43−2.2%$19.13$18.05
Jun$17.43−5.4%$18.48$17.13
Jul$16.85−3.3%$17.13$16.48
Aug$16.73−0.7%$17.05$16.30
Sep$17.23+3.0%$17.23$15.35
Oct$15.43−10.4%$17.15$15.43
Nov$14.23−7.8%$15.83$14.05
Dec$13.18−7.4%$14.78$13.13

Other Markets in 1993

Change over the calendar year.

MarketChangeYear-end
Brent Oil Price−26.2%$13.18
Dow Jones Industrial Average in 1993+13.7%3,754.09
S&P 500 in 1993+7.1%466.45
Nasdaq Composite in 1993+14.7%776.80
Russell 2000 in 1993+17.0%258.59
Nikkei 225 in 1993+2.9%17,417.00
Gold in 1993+17.7%$391.75
Silver in 1993+39.4%$5.12
WTI crude oil in 1993−27.2%$14.19
US 10-year Treasury yield in 1993−0.87 pp5.83%
1990199119921993199419951996199719981999

Brent Oil Price in 1993: FAQ

How much did the brent oil price fall in 1993?

The brent oil price fell 26.2% in 1993, from $17.85 at the end of 1992 to $13.18. Its highest close was $19.60 on Mar 5, and its lowest $13.13 on Dec 29. The biggest one-day fall was −6.6% on Dec 15 and the biggest rise +6.3% on Dec 14. Adjusted for inflation, it lost 28.1%.

What were the highest and lowest closes of the brent oil price in 1993?

Highest: $19.60 on March 5, 1993. Lowest: $13.13 on December 29, 1993. It closed higher on 106 of 252 trading days.

What happened to the brent oil price on December 8, 1993?

President Clinton signs the North American Free Trade Agreement Implementation Act. The brent oil price fell 3.1% that day, and was +1.9% 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.