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Brent Oil Price in 2017

The brent oil price rose 18.7% in 2017, from $56.13 at the end of 2016 to $66.60. Its highest close was $67.02 on Dec 26, and its lowest $44.82 on Jun 21. The biggest one-day fall was −5.0% on Mar 8 and the biggest rise +3.8% on Sep 25. Adjusted for inflation, it gained 16.2%.

Change in 2017
+18.7%
$56.13 → $66.60
High
$67.02
Dec 26
Low
$44.82
Jun 21
After inflation
+16.2%
US CPI
Up days
140 of 251
longest run 8 up, 6 down
Below record
-53.7%
at the end of 2017

Brent Oil Price, daily closes 2017

Numbers mark the events below
$47$56$65JanFebMarAprMayJunJulAugSepOctNovDec1Mar 8: Biggest one-day fall of the year: −5.0%.2Jun 21: Enters a bear market: 20% below its peak of $57.10 (January 6, 2017). Bear market low: $44.82, 21.5% below the peak.3Sep 25: Back above its pre-bear-market peak of $57.10 (January 6, 2017). Biggest one-day rise of the year: +3.8%.4Dec 22: President Trump signs the Tax Cuts and Jobs Act, cutting the corporate tax rate to 21%.

Key Events in 2017

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

  1. 1
    Wednesday, March 8 From the data
    Biggest one-day fall of the year: −5.0%.
  2. 2
    Wednesday, June 21 From the data
    Enters a bear market: 20% below its peak of $57.10 (January 6, 2017). Bear market low: $44.82, 21.5% below the peak.
  3. 3
    Monday, September 25 From the data
    Back above its pre-bear-market peak of $57.10 (January 6, 2017). Biggest one-day rise of the year: +3.8%.
  4. 4
    Friday, December 22
    President Trump signs the Tax Cuts and Jobs Act, cutting the corporate tax rate to 21%. Source
    Brent oil: +0.5% that day · +8.7% a month later

Biggest days of 2017

Best daysWorst days
Sep 25+3.8%Mar 8−5.0%
Jul 3+3.7%May 4−4.7%
Nov 6+3.5%May 25−4.6%
Aug 18+3.3%Jun 7−4.1%
Jul 25+3.3%Jul 5−3.8%

Volatility: 23.9% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$55.70−0.8%$57.10$53.64
Feb$55.59−0.2%$56.81$55.05
Mar$52.83−5.0%$56.01$50.56
Apr$51.73−2.1%$56.23$51.44
May$50.31−2.7%$54.15$48.38
Jun$47.92−4.8%$50.33$44.82
Jul$52.65+9.9%$52.65$46.71
Aug$52.38−0.5%$52.72$50.27
Sep$57.54+9.9%$59.02$52.32
Oct$61.37+6.7%$61.37$55.62
Nov$63.57+3.6%$64.27$60.62
Dec$66.60+4.8%$67.02$61.22

Other Markets in 2017

Change over the calendar year.

MarketChangeYear-end
Brent Oil Price+18.7%$66.60
Dow Jones Industrial Average in 2017+25.1%24,719.22
S&P 500 in 2017+19.4%2,673.61
Nasdaq Composite in 2017+26.9%6,903.39
Russell 2000 in 2017+13.1%1,535.51
Nikkei 225 in 2017+19.1%22,764.94
Gold in 2017+13.5%$1,306.30
Silver in 2017+6.4%$16.92
WTI crude oil in 2017+12.5%$60.42
US 10-year Treasury yield in 2017−0.05 pp2.41%
2010201120122013201420152016201720182019

Brent Oil Price in 2017: FAQ

How much did the brent oil price rise in 2017?

The brent oil price rose 18.7% in 2017, from $56.13 at the end of 2016 to $66.60. Its highest close was $67.02 on Dec 26, and its lowest $44.82 on Jun 21. The biggest one-day fall was −5.0% on Mar 8 and the biggest rise +3.8% on Sep 25. Adjusted for inflation, it gained 16.2%.

What were the highest and lowest closes of the brent oil price in 2017?

Highest: $67.02 on December 26, 2017. Lowest: $44.82 on June 21, 2017. It closed higher on 140 of 251 trading days.

What happened to the brent oil price on December 22, 2017?

President Trump signs the Tax Cuts and Jobs Act, cutting the corporate tax rate to 21%. The brent oil price rose 0.5% that day, and was +8.7% 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.