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Brent Oil Price in 2003

The brent oil price rose 0.6% in 2003, from $30.12 at the end of 2002 to $30.30. Its highest close was $34.94 on Mar 10, and its lowest $23.23 on Apr 29. The biggest one-day fall was −8.6% on Mar 21 and the biggest rise +5.7% on Dec 8. Adjusted for inflation, it lost 1.3%.

Change in 2003
+0.6%
$30.12 → $30.30
High
$34.94
Mar 10
Low
$23.23
Apr 29
After inflation
−1.3%
US CPI
Up days
134 of 258
longest run 6 up, 7 down
Below record
-26.9%
at the end of 2003

Brent Oil Price, daily closes 2003

Numbers mark the events below
$24$29$34JanFebMarAprMayJunJulAugSepOctNovDec1Mar 4: Back above its pre-bear-market peak of $34.23 (November 20, 2000).2Mar 20: US-led coalition invades Iraq.3Mar 21: Enters a bear market: 20% below its peak of $34.94 (March 10, 2003). Biggest one-day fall of the year: −8.6%.4Apr 29: Bear market low: $23.23, 33.5% below the peak.5Dec 8: Biggest one-day rise of the year: +5.7%.

Key Events in 2003

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

  1. 1
    Tuesday, March 4 From the data
    Back above its pre-bear-market peak of $34.23 (November 20, 2000).
  2. 2
    Thursday, March 20
    US-led coalition invades Iraq. Source
    Brent oil: −1.4% that day · −10.7% a month later
  3. 3
    Friday, March 21 From the data
    Enters a bear market: 20% below its peak of $34.94 (March 10, 2003). Biggest one-day fall of the year: −8.6%.
  4. 4
    Tuesday, April 29 From the data
    Bear market low: $23.23, 33.5% below the peak.
  5. 5
    Monday, December 8 From the data
    Biggest one-day rise of the year: +5.7%.

Biggest days of 2003

Best daysWorst days
Dec 8+5.7%Mar 21−8.6%
Jun 30+5.2%Mar 14−7.4%
Mar 27+5.0%Dec 22−7.3%
May 9+4.4%Nov 24−6.0%
Oct 9+4.3%Mar 18−5.9%

Volatility: 35.1% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$31.57+4.8%$32.29$29.30
Feb$34.00+7.7%$34.09$30.95
Mar$28.05−17.5%$34.94$25.59
Apr$23.60−15.9%$27.94$23.23
May$26.58+12.6%$27.58$23.59
Jun$28.88+8.7%$28.97$26.21
Jul$28.68−0.7%$29.37$27.23
Aug$30.38+5.9%$30.59$28.96
Sep$28.09−7.5%$29.64$25.51
Oct$27.88−0.7%$31.45$27.47
Nov$28.95+3.8%$30.13$27.32
Dec$30.30+4.7%$31.03$28.17

Other Markets in 2003

Change over the calendar year.

MarketChangeYear-end
Brent Oil Price+0.6%$30.30
Dow Jones Industrial Average in 2003+25.3%10,453.92
S&P 500 in 2003+26.4%1,111.92
Nasdaq Composite in 2003+50.0%2,003.37
Russell 2000 in 2003+45.4%556.91
Nikkei 225 in 2003+24.5%10,676.64
Gold in 2003+19.9%$416.25
Silver in 2003+27.8%$5.97
WTI crude oil in 2003+4.2%$32.51
US 10-year Treasury yield in 2003+0.44 pp4.27%
2000200120022003200420052006200720082009

Brent Oil Price in 2003: FAQ

How much did the brent oil price rise in 2003?

The brent oil price rose 0.6% in 2003, from $30.12 at the end of 2002 to $30.30. Its highest close was $34.94 on Mar 10, and its lowest $23.23 on Apr 29. The biggest one-day fall was −8.6% on Mar 21 and the biggest rise +5.7% on Dec 8. Adjusted for inflation, it lost 1.3%.

What were the highest and lowest closes of the brent oil price in 2003?

Highest: $34.94 on March 10, 2003. Lowest: $23.23 on April 29, 2003. It closed higher on 134 of 258 trading days.

What happened to the brent oil price on March 20, 2003?

US-led coalition invades Iraq. The brent oil price fell 1.4% that day, and was −10.7% 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.