Brent Oil Price in 2001

The brent oil price fell 14.3% in 2001, from $22.58 at the end of 2000 to $19.35. Its highest close was $30.68 on Feb 8, and its lowest $16.51 on Nov 15. The biggest one-day fall was −18.0% on Sep 24 and the biggest rise +13.7% on Nov 20. Adjusted for inflation, it lost 15.6%.

Change in 2001

−14.3%

$22.58 → $19.35

High

$30.68

Feb 8

Low

$16.51

Nov 15

After inflation

−15.6%

US CPI

Up days

127 of 257

longest run 5 up, 5 down

Below record

-53.3%

at the end of 2001

Brent Oil Price, daily closes 2001

Numbers mark the events below

Key Events in 2001

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

1
Wednesday, March 14 From the data

Enters a bear market: 20% below its peak of $30.68 (February 8, 2001).
2
Monday, March 19 From the data

Bear market low: $23.19, 24.4% below the peak.
3
Thursday, July 12 From the data

Enters a bear market: 20% below its peak of $29.80 (May 21, 2001).
4
Wednesday, July 18 From the data

Bear market low: $23.10, 22.5% below the peak.
5
Tuesday, September 11

Terrorist attacks hit New York and Washington; US stock exchanges close. Source

Brent oil: +5.5% that day · −25.2% a month later
6
Monday, September 24 From the data

Enters a bear market: 20% below its peak of $29.22 (September 14, 2001). Biggest one-day fall of the year: −18.0%.
7
Thursday, November 15 From the data

Bear market low: $16.51, 43.5% below the peak.
8
Tuesday, November 20 From the data

Biggest one-day rise of the year: +13.7%.
9
Tuesday, December 11

China becomes a member of the World Trade Organization. Source

Brent oil: −2.3% that day · +11.4% a month later

Biggest days of 2001

Best days		Worst days
Nov 20	+13.7%	Sep 24	−18.0%
Nov 22	+6.6%	Nov 15	−12.1%
Feb 2	+6.4%	Nov 14	−8.3%
Jan 19	+6.3%	Sep 19	−7.6%
Nov 9	+6.0%	Nov 12	−6.0%

Volatility: 47.0% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	$26.59	+17.8%	$27.69	$23.43
Feb	$25.16	−5.4%	$30.68	$25.16
Mar	$23.50	−6.6%	$26.37	$23.19
Apr	$27.21	+15.8%	$27.21	$23.31
May	$28.55	+4.9%	$29.80	$26.82
Jun	$26.21	−8.2%	$29.57	$25.68
Jul	$24.35	−7.1%	$26.55	$23.10
Aug	$26.80	+10.1%	$26.80	$24.23
Sep	$21.87	−18.4%	$29.22	$20.13
Oct	$19.63	−10.2%	$21.46	$19.21
Nov	$18.92	−3.6%	$20.72	$16.51
Dec	$19.35	+2.3%	$20.00	$17.61

Other Markets in 2001

Change over the calendar year.

Market	Change	Year-end
Brent Oil Price	−14.3%	$19.35
Dow Jones Industrial Average in 2001	−7.1%	10,021.50
S&P 500 in 2001	−13.0%	1,148.08
Nasdaq Composite in 2001	−21.1%	1,950.40
Russell 2000 in 2001	+1.0%	488.50
Nikkei 225 in 2001	−23.5%	10,542.62
Gold in 2001	+0.7%	$276.50
Silver in 2001	−1.3%	$4.52
WTI crude oil in 2001	−25.3%	$19.96
US 10-year Treasury yield in 2001	−0.05 pp	5.07%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Brent Oil Price in 2001: FAQ

How much did the brent oil price fall in 2001?

What were the highest and lowest closes of the brent oil price in 2001?

Highest: $30.68 on February 8, 2001. Lowest: $16.51 on November 15, 2001. It closed higher on 127 of 257 trading days.

What happened to the brent oil price on September 11, 2001?

Terrorist attacks hit New York and Washington; US stock exchanges close. The brent oil price rose 5.5% that day, and was −25.2% 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.