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Brent Oil Price in 2002

The brent oil price rose 55.7% in 2002, from $19.35 at the end of 2001 to $30.12. Its highest close was $32.02 on Dec 30, and its lowest $18.17 on Jan 18. The biggest one-day fall was −5.9% on Dec 31 and the biggest rise +8.3% on Feb 12. Adjusted for inflation, it gained 52.0%.

Change in 2002
+55.7%
$19.35 → $30.12
High
$32.02
Dec 30
Low
$18.17
Jan 18
After inflation
+52.0%
US CPI
Up days
138 of 255
longest run 9 up, 6 down
Below record
-27.3%
at the end of 2002

Brent Oil Price, daily closes 2002

Numbers mark the events below
$19$25$31JanFebMarAprMayJunJulAugSepOctNovDec1Feb 12: Biggest one-day rise of the year: +8.3%.2Sep 23: Back above its pre-bear-market peak of $29.22 (September 14, 2001).3Nov 8: Enters a bear market: 20% below its peak of $29.47 (September 24, 2002).4Nov 14: Bear market low: $22.82, 22.6% below the peak.5Dec 18: Back above its pre-bear-market peak of $29.47 (September 24, 2002). Back above its pre-bear-market peak of $29.80 (May 21, 2001).6Dec 24: Back above its pre-bear-market peak of $30.68 (February 8, 2001).7Dec 31: Biggest one-day fall of the year: −5.9%.

Key Events in 2002

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

  1. 1
    Tuesday, February 12 From the data
    Biggest one-day rise of the year: +8.3%.
  2. 2
    Monday, September 23 From the data
    Back above its pre-bear-market peak of $29.22 (September 14, 2001).
  3. 3
    Friday, November 8 From the data
    Enters a bear market: 20% below its peak of $29.47 (September 24, 2002).
  4. 4
    Thursday, November 14 From the data
    Bear market low: $22.82, 22.6% below the peak.
  5. 5
    Wednesday, December 18 From the data
    Back above its pre-bear-market peak of $29.47 (September 24, 2002). Back above its pre-bear-market peak of $29.80 (May 21, 2001).
  6. 6
    Tuesday, December 24 From the data
    Back above its pre-bear-market peak of $30.68 (February 8, 2001).
  7. 7
    Tuesday, December 31 From the data
    Biggest one-day fall of the year: −5.9%.

Biggest days of 2002

Best daysWorst days
Feb 12+8.3%Dec 31−5.9%
Mar 1+5.3%Jan 14−5.9%
Apr 17+5.1%Apr 5−5.9%
May 28+5.1%May 16−5.4%
Mar 7+4.5%Nov 13−4.4%

Volatility: 34.7% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$19.07−1.4%$21.20$18.17
Feb$20.73+8.7%$21.75$19.42
Mar$25.34+22.2%$25.34$21.59
Apr$26.98+6.5%$26.98$23.25
May$23.87−11.5%$27.17$23.52
Jun$25.33+6.1%$25.39$22.37
Jul$26.28+3.8%$26.72$24.90
Aug$27.56+4.9%$27.89$25.17
Sep$29.11+5.6%$29.47$26.58
Oct$25.51−12.4%$29.42$25.29
Nov$25.74+0.9%$25.78$22.82
Dec$30.12+17.0%$32.02$25.67

Other Markets in 2002

Change over the calendar year.

MarketChangeYear-end
Brent Oil Price+55.7%$30.12
Dow Jones Industrial Average in 2002−16.8%8,341.63
S&P 500 in 2002−23.4%879.82
Nasdaq Composite in 2002−31.5%1,335.51
Russell 2000 in 2002−21.6%383.09
Nikkei 225 in 2002−18.6%8,578.95
Gold in 2002+25.6%$347.20
Silver in 2002+3.3%$4.67
WTI crude oil in 2002+56.4%$31.21
US 10-year Treasury yield in 2002−1.24 pp3.83%
2000200120022003200420052006200720082009

Brent Oil Price in 2002: FAQ

How much did the brent oil price rise in 2002?

The brent oil price rose 55.7% in 2002, from $19.35 at the end of 2001 to $30.12. Its highest close was $32.02 on Dec 30, and its lowest $18.17 on Jan 18. The biggest one-day fall was −5.9% on Dec 31 and the biggest rise +8.3% on Feb 12. Adjusted for inflation, it gained 52.0%.

What were the highest and lowest closes of the brent oil price in 2002?

Highest: $32.02 on December 30, 2002. Lowest: $18.17 on January 18, 2002. It closed higher on 138 of 255 trading days.

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.