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Brent Oil Price in 2016

The brent oil price rose 50.6% in 2016, from $37.28 at the end of 2015 to $56.13. Its highest close was $56.22 on Dec 28, and its lowest $27.88 on Jan 20. The biggest one-day fall was −7.8% on Feb 9 and the biggest rise +11.0% on Feb 12. Adjusted for inflation, it gained 47.5%.

Change in 2016
+50.6%
$37.28 → $56.13
High
$56.22
Dec 28
Low
$27.88
Jan 20
After inflation
+47.5%
US CPI
Up days
123 of 250
longest run 6 up, 8 down
Below record
-61.0%
at the end of 2016

Brent Oil Price, daily closes 2016

Numbers mark the events below
$31$42$54JanFebMarAprMayJunJulAugSepOctNovDec1Jan 20: Bear market low: $27.88, 48.5% below the peak.2Feb 9: Biggest one-day fall of the year: −7.8%.3Feb 11: WTI crude settles at $26.21 a barrel, its lowest settlement since May 2003.4Feb 12: Biggest one-day rise of the year: +11.0%.5Jun 23: UK votes 51.9% to 48.1% to leave the EU; sterling falls to its lowest level since 1985 as results come in.6Aug 2: Enters a bear market: 20% below its peak of $52.51 (June 8, 2016). Bear market low: $41.80, 20.4% below the peak.7Oct 6: Back above its pre-bear-market peak of $52.51 (June 8, 2016).8Nov 8: Donald Trump wins the US presidential election.9Nov 30: OPEC agrees to cut output by 1.2 million barrels per day, its first production cut since 2008.10Dec 2: Back above its pre-bear-market peak of $54.15 (August 31, 2015).

Key Events in 2016

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

  1. 1
    Wednesday, January 20 From the data
    Bear market low: $27.88, 48.5% below the peak.
  2. 2
    Tuesday, February 9 From the data
    Biggest one-day fall of the year: −7.8%.
  3. 3
    Thursday, February 11
    WTI crude settles at $26.21 a barrel, its lowest settlement since May 2003. Source
    Brent oil: −2.5% that day · +31.0% a month later
  4. 4
    Friday, February 12 From the data
    Biggest one-day rise of the year: +11.0%.
  5. 5
    Thursday, June 23
    UK votes 51.9% to 48.1% to leave the EU; sterling falls to its lowest level since 1985 as results come in. Source
    Brent oil: +2.1% that day · −8.4% a month later
  6. 6
    Tuesday, August 2 From the data
    Enters a bear market: 20% below its peak of $52.51 (June 8, 2016). Bear market low: $41.80, 20.4% below the peak.
  7. 7
    Thursday, October 6 From the data
    Back above its pre-bear-market peak of $52.51 (June 8, 2016).
  8. 8
    Tuesday, November 8
    Donald Trump wins the US presidential election. Source
    Brent oil: −0.2% that day · +16.8% a month later
  9. 9
    Wednesday, November 30
    OPEC agrees to cut output by 1.2 million barrels per day, its first production cut since 2008. Source
    Brent oil: +8.8% that day · +21.0% a month later
  10. 10
    Friday, December 2 From the data
    Back above its pre-bear-market peak of $54.15 (August 31, 2015).

Biggest days of 2016

Best daysWorst days
Feb 12+11.0%Feb 9−7.8%
Jan 22+10.0%Jan 19−7.3%
Nov 30+8.8%Jan 6−6.0%
Dec 2+7.9%Jan 11−6.0%
Feb 17+7.2%Feb 2−5.7%

Volatility: 45.3% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$34.74−6.8%$37.22$27.88
Feb$35.97+3.5%$35.97$30.06
Mar$39.60+10.1%$41.79$35.96
Apr$48.13+21.5%$48.14$37.69
May$49.69+3.2%$49.74$43.63
Jun$49.680.0%$52.51$47.16
Jul$42.46−14.5%$49.84$42.46
Aug$47.04+10.8%$50.89$41.80
Sep$49.06+4.3%$49.99$45.77
Oct$48.30−1.5%$52.67$48.30
Nov$50.47+4.5%$50.47$44.43
Dec$56.13+11.2%$56.22$50.46

Other Markets in 2016

Change over the calendar year.

MarketChangeYear-end
Brent Oil Price+50.6%$56.13
Dow Jones Industrial Average in 2016+13.4%19,762.60
S&P 500 in 2016+9.5%2,238.83
Nasdaq Composite in 2016+7.8%5,440.17
Russell 2000 in 2016+19.5%1,357.13
Nikkei 225 in 2016+0.4%19,114.37
Gold in 2016+8.5%$1,150.90
Silver in 2016+14.9%$15.90
WTI crude oil in 2016+45.0%$53.72
US 10-year Treasury yield in 2016+0.18 pp2.45%
2010201120122013201420152016201720182019

Brent Oil Price in 2016: FAQ

How much did the brent oil price rise in 2016?

The brent oil price rose 50.6% in 2016, from $37.28 at the end of 2015 to $56.13. Its highest close was $56.22 on Dec 28, and its lowest $27.88 on Jan 20. The biggest one-day fall was −7.8% on Feb 9 and the biggest rise +11.0% on Feb 12. Adjusted for inflation, it gained 47.5%.

What were the highest and lowest closes of the brent oil price in 2016?

Highest: $56.22 on December 28, 2016. Lowest: $27.88 on January 20, 2016. It closed higher on 123 of 250 trading days.

What happened to the brent oil price on November 30, 2016?

OPEC agrees to cut output by 1.2 million barrels per day, its first production cut since 2008. The brent oil price rose 8.8% that day, and was +21.0% 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.