Brent Oil Price in 2006
The brent oil price rose 1.1% in 2006, from $58.34 at the end of 2005 to $58.96. Its highest close was $78.26 on Aug 9 — a record that stood until July 19, 2007, and its lowest $55.82 on Oct 4. The biggest one-day fall was −5.5% on Sep 20 and the biggest rise +5.4% on Jan 3. Adjusted for inflation, it lost 1.4%.
Brent Oil Price, daily closes 2006
Numbers mark the events belowKey Events in 2006
What happened, and how the Brent oil moved — on the day (or the next trading day) and about a month later.
- 1
Tuesday, January 3 From the dataBiggest one-day rise of the year: +5.4%.
- 2
Monday, April 3 From the datasets the first of 17 record closing highs this year, at $67.28. Back above its pre-bear-market peak of $67.26 (August 12, 2005).
- 3
Tuesday, April 18 From the datacloses above $70 for the first time ($70.97).
- 4
Wednesday, August 9 From the dataLast record close of the year: $78.26.
- 5
Monday, September 11 From the dataEnters a bear market: 20% below its peak of $78.26 (August 9, 2006).
- 6
Wednesday, September 20 From the dataBiggest one-day fall of the year: −5.5%.
Biggest days of 2006
| Best days | Worst days | ||
|---|---|---|---|
| Jan 3 | +5.4% | Sep 20 | −5.5% |
| Sep 28 | +5.3% | Jul 19 | −4.9% |
| Jun 9 | +5.1% | Aug 28 | −4.3% |
| Nov 9 | +4.4% | Jun 13 | −4.3% |
| Sep 1 | +4.2% | Oct 3 | −4.3% |
Volatility: 31.2% (annualised standard deviation of daily changes).
Month by month
| Month | Close | Change |
|---|---|---|
| Jan | $63.19 | +8.3% |
| Feb | $59.78 | −5.4% |
| Mar | $66.06 | +10.5% |
| Apr | $72.15 | +9.2% |
| May | $67.57 | −6.3% |
| Jun | $73.20 | +8.3% |
| Jul | $74.75 | +2.1% |
| Aug | $67.66 | −9.5% |
| Sep | $59.09 | −12.7% |
| Oct | $56.13 | −5.0% |
| Nov | $64.36 | +14.7% |
| Dec | $58.96 | −8.4% |
Other Markets in 2006
Change over the calendar year.
| Market | Change | Year-end |
|---|---|---|
| Brent Oil Price | +1.1% | $58.96 |
| Dow Jones Industrial Average in 2006 | +16.3% | 12,463.15 |
| S&P 500 in 2006 | +13.6% | 1,418.30 |
| Nasdaq Composite in 2006 | +9.5% | 2,415.29 |
| Russell 2000 in 2006 | +17.0% | 787.66 |
| Nikkei 225 in 2006 | +6.9% | 17,225.83 |
| Gold in 2006 | +23.2% | $632.00 |
| Silver in 2006 | +46.1% | $12.90 |
| WTI crude oil in 2006 | −0.3% | $60.85 |
| US 10-year Treasury yield in 2006 | +0.32 pp | 4.71% |
Brent Oil Price in 2006: FAQ
How much did the brent oil price rise in 2006?
The brent oil price rose 1.1% in 2006, from $58.34 at the end of 2005 to $58.96. Its highest close was $78.26 on Aug 9 — a record that stood until July 19, 2007, and its lowest $55.82 on Oct 4. The biggest one-day fall was −5.5% on Sep 20 and the biggest rise +5.4% on Jan 3. Adjusted for inflation, it lost 1.4%.
What were the highest and lowest closes of the brent oil price in 2006?
Highest: $78.26 on August 9, 2006. Lowest: $55.82 on October 4, 2006. It closed higher on 127 of 255 trading days.
Did the brent oil price reach a record high in 2006?
Yes — 17 record closing highs, the last at $78.26 on August 9, 2006.
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.