Brent Oil Price in 1999
The brent oil price rose 136.5% in 1999, from $10.54 at the end of 1998 to $24.93. Its highest close was $26.46 on Dec 6, and its lowest $9.77 on Feb 9. The biggest one-day fall was −7.5% on Jan 13 and the biggest rise +6.9% on Mar 17. Adjusted for inflation, it gained 130.3%.
Brent Oil Price, daily closes 1999
Numbers mark the events belowKey Events in 1999
What happened, and how the Brent oil moved — on the day (or the next trading day) and about a month later.
- 1
Wednesday, January 13 From the dataBiggest one-day fall of the year: −7.5%.
- 2
Wednesday, March 17 From the dataBiggest one-day rise of the year: +6.9%.
- 3
Tuesday, March 23OPEC agrees in Vienna to cut output by 1.7 million barrels a day from April 1. SourceBrent oil: +2.0% that day · +21.8% a month later
- 4
Wednesday, March 31 From the dataBack above its pre-bear-market peak of $14.84 (September 24, 1998).
- 5
Friday, April 16 From the dataBack above its pre-bear-market peak of $15.18 (March 26, 1998).
- 6
Tuesday, September 7 From the dataBack above its pre-bear-market peak of $21.29 (October 3, 1997).
- 7
Wednesday, November 10 From the dataBack above its pre-bear-market peak of $25.40 (October 22, 1996).
Biggest days of 1999
| Best days | Worst days | ||
|---|---|---|---|
| Mar 17 | +6.9% | Jan 13 | −7.5% |
| Jun 4 | +6.7% | Oct 8 | −6.9% |
| Jan 8 | +5.6% | Jan 5 | −5.9% |
| Dec 2 | +5.5% | May 7 | −4.7% |
| Jul 6 | +5.2% | Feb 1 | −4.7% |
Volatility: 38.9% (annualised standard deviation of daily changes).
Month by month
| Month | Close | Change |
|---|---|---|
| Jan | $11.34 | +7.6% |
| Feb | $10.58 | −6.7% |
| Mar | $15.02 | +42.0% |
| Apr | $16.45 | +9.5% |
| May | $14.75 | −10.3% |
| Jun | $16.97 | +15.1% |
| Jul | $19.97 | +17.7% |
| Aug | $21.08 | +5.6% |
| Sep | $22.98 | +9.0% |
| Oct | $21.11 | −8.1% |
| Nov | $25.20 | +19.4% |
| Dec | $24.93 | −1.1% |
Other Markets in 1999
Change over the calendar year.
| Market | Change | Year-end |
|---|---|---|
| Brent Oil Price | +136.5% | $24.93 |
| Dow Jones Industrial Average in 1999 | +25.2% | 11,497.12 |
| S&P 500 in 1999 | +19.5% | 1,469.25 |
| Nasdaq Composite in 1999 | +85.6% | 4,069.31 |
| Russell 2000 in 1999 | +19.6% | 504.75 |
| Nikkei 225 in 1999 | +36.8% | 18,934.34 |
| Gold in 1999 | +0.9% | $290.25 |
| Silver in 1999 | +6.4% | $5.33 |
| WTI crude oil in 1999 | +112.2% | $25.76 |
| US 10-year Treasury yield in 1999 | +1.80 pp | 6.45% |
Brent Oil Price in 1999: FAQ
How much did the brent oil price rise in 1999?
The brent oil price rose 136.5% in 1999, from $10.54 at the end of 1998 to $24.93. Its highest close was $26.46 on Dec 6, and its lowest $9.77 on Feb 9. The biggest one-day fall was −7.5% on Jan 13 and the biggest rise +6.9% on Mar 17. Adjusted for inflation, it gained 130.3%.
What were the highest and lowest closes of the brent oil price in 1999?
Highest: $26.46 on December 6, 1999. Lowest: $9.77 on February 9, 1999. It closed higher on 142 of 249 trading days.
What happened to the brent oil price on March 23, 1999?
OPEC agrees in Vienna to cut output by 1.7 million barrels a day from April 1. The brent oil price rose 2.0% that day, and was +21.8% 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.