Brent Oil Price in 2005

The brent oil price rose 44.5% in 2005, from $40.38 at the end of 2004 to $58.34. Its highest close was $67.26 on Aug 12 — a record that stood until April 3, 2006, and its lowest $40.75 on Jan 4. The biggest one-day fall was −7.0% on Mar 23 and the biggest rise +5.9% on Sep 19. Adjusted for inflation, it gained 39.7%.

Change in 2005

+44.5%

$40.38 → $58.34

High

$67.26

Aug 12

Low

$40.75

Jan 4

After inflation

+39.7%

US CPI

Up days

139 of 257

longest run 10 up, 6 down

Record highs

closing records

Brent Oil Price, daily closes 2005

Numbers mark the events below

Key Events in 2005

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

1
Thursday, March 3 From the data

sets the first of 19 record closing highs this year, at $52.89. Back above its pre-bear-market peak of $52.28 (October 22, 2004).
2
Wednesday, March 23 From the data

Biggest one-day fall of the year: −7.0%.
3
Monday, August 1 From the data

closes above $60 for the first time ($60.56).
4
Friday, August 12 From the data

Last record close of the year: $67.26.
5
Monday, August 29

Hurricane Katrina makes landfall in Louisiana, shutting Gulf of Mexico oil platforms and refineries. Source

Brent oil: −2.2% that day · −6.8% a month later
6
Monday, September 19 From the data

Biggest one-day rise of the year: +5.9%.
7
Wednesday, November 16 From the data

Enters a bear market: 20% below its peak of $67.26 (August 12, 2005).
8
Friday, November 18 From the data

Bear market low: $52.84, 21.4% below the peak.

Biggest days of 2005

Best days		Worst days
Sep 19	+5.9%	Mar 23	−7.0%
Jan 6	+5.5%	Jul 11	−4.9%
Mar 31	+5.1%	Jun 29	−4.0%
Jul 12	+5.1%	Oct 4	−4.0%
Jun 17	+4.8%	Sep 23	−3.8%

Volatility: 31.5% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	$44.51	+10.2%	$46.51	$40.75
Feb	$50.13	+12.6%	$50.13	$42.49
Mar	$53.22	+6.2%	$56.03	$50.47
Apr	$50.61	−4.9%	$55.92	$48.58
May	$49.30	−2.6%	$50.89	$46.42
Jun	$55.36	+12.3%	$58.50	$50.46
Jul	$59.77	+8.0%	$59.77	$55.59
Aug	$66.80	+11.8%	$67.26	$60.04
Sep	$61.70	−7.6%	$66.79	$60.48
Oct	$58.47	−5.2%	$61.64	$56.94
Nov	$53.25	−8.9%	$60.48	$52.84
Dec	$58.34	+9.6%	$59.67	$53.65

Other Markets in 2005

Change over the calendar year.

Market	Change	Year-end
Brent Oil Price	+44.5%	$58.34
Dow Jones Industrial Average in 2005	−0.6%	10,717.50
S&P 500 in 2005	+3.0%	1,248.29
Nasdaq Composite in 2005	+1.4%	2,205.32
Russell 2000 in 2005	+3.3%	673.22
Nikkei 225 in 2005	+40.2%	16,111.43
Gold in 2005	+17.8%	$513.00
Silver in 2005	+29.5%	$8.83
WTI crude oil in 2005	+40.8%	$61.06
US 10-year Treasury yield in 2005	+0.15 pp	4.39%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Brent Oil Price in 2005: FAQ

How much did the brent oil price rise in 2005?

What were the highest and lowest closes of the brent oil price in 2005?

Highest: $67.26 on August 12, 2005. Lowest: $40.75 on January 4, 2005. It closed higher on 139 of 257 trading days.

What happened to the brent oil price on August 29, 2005?

Hurricane Katrina makes landfall in Louisiana, shutting Gulf of Mexico oil platforms and refineries. The brent oil price fell 2.2% that day, and was −6.8% a month later.

Did the brent oil price reach a record high in 2005?

Yes — 19 record closing highs, the last at $67.26 on August 12, 2005.

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.