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Brent Oil Price in 2011

The brent oil price rose 15.9% in 2011, from $93.23 at the end of 2010 to $108.09. Its highest close was $126.64 on May 2, and its lowest $93.52 on Jan 4. The biggest one-day fall was −7.9% on May 5 and the biggest rise +4.5% on Feb 22. Adjusted for inflation, it gained 12.6%.

Change in 2011
+15.9%
$93.23 → $108.09
High
$126.64
May 2
Low
$93.52
Jan 4
After inflation
+12.6%
US CPI
Up days
129 of 252
longest run 7 up, 5 down
Below record
-24.9%
at the end of 2011

Brent Oil Price, daily closes 2011

Numbers mark the events below
$97$110$124JanFebMarAprMayJunJulAugSepOctNovDec1Feb 22: Biggest one-day rise of the year: +4.5%.2Mar 11: Tohoku earthquake and tsunami strike northeastern Japan.3May 5: Biggest one-day fall of the year: −7.9%.4Aug 5: Standard & Poor's downgrades the US long-term credit rating from AAA to AA+.

Key Events in 2011

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 22 From the data
    Biggest one-day rise of the year: +4.5%.
  2. 2
    Friday, March 11
    Tohoku earthquake and tsunami strike northeastern Japan. Source
    Brent oil: 0.0% that day · +10.7% a month later
  3. 3
    Thursday, May 5 From the data
    Biggest one-day fall of the year: −7.9%.
  4. 4
    Friday, August 5
    Standard & Poor's downgrades the US long-term credit rating from AAA to AA+. Source
    Brent oil: −3.0% that day · +5.2% a month later

Biggest days of 2011

Best daysWorst days
Feb 22+4.5%May 5−7.9%
May 10+4.1%Jun 15−4.7%
Aug 11+3.8%Jun 23−4.7%
Feb 24+3.8%Sep 22−4.4%
Sep 7+3.7%Apr 12−4.1%

Volatility: 27.9% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$98.97+6.2%$98.97$93.52
Feb$112.27+13.4%$113.91$99.25
Mar$116.94+4.2%$116.94$110.96
Apr$125.89+7.7%$126.59$118.63
May$117.18−6.9%$126.64$109.39
Jun$111.71−4.7%$120.49$104.57
Jul$115.93+3.8%$118.99$109.82
Aug$116.48+0.5%$116.48$103.06
Sep$105.42−9.5%$117.99$105.42
Oct$108.43+2.9%$114.33$101.84
Nov$111.22+2.6%$115.61$105.98
Dec$108.09−2.8%$110.18$104.00

Other Markets in 2011

Change over the calendar year.

MarketChangeYear-end
Brent Oil Price+15.9%$108.09
Dow Jones Industrial Average in 2011+5.5%12,217.56
S&P 500 in 20110.0%1,257.60
Nasdaq Composite in 2011−1.8%2,605.15
Russell 2000 in 2011−5.5%740.92
Nikkei 225 in 2011−17.3%8,455.35
Gold in 2011+8.9%$1,531.00
Silver in 2011−8.0%$28.18
WTI crude oil in 2011+8.2%$98.83
US 10-year Treasury yield in 2011−1.41 pp1.89%
2010201120122013201420152016201720182019

Brent Oil Price in 2011: FAQ

How much did the brent oil price rise in 2011?

The brent oil price rose 15.9% in 2011, from $93.23 at the end of 2010 to $108.09. Its highest close was $126.64 on May 2, and its lowest $93.52 on Jan 4. The biggest one-day fall was −7.9% on May 5 and the biggest rise +4.5% on Feb 22. Adjusted for inflation, it gained 12.6%.

What were the highest and lowest closes of the brent oil price in 2011?

Highest: $126.64 on May 2, 2011. Lowest: $93.52 on January 4, 2011. It closed higher on 129 of 252 trading days.

What happened to the brent oil price on August 5, 2011?

Standard & Poor's downgrades the US long-term credit rating from AAA to AA+. The brent oil price fell 3.0% that day, and was +5.2% 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.