CorganoGold Price
Free widgets Market open
Gold4,020.95−0.08%Silver54.31−0.53%Platinum1,574.50+0.44%Palladium1,059.83+0.32%
Gold/Silver74.04
DXY101.70+0.09%
US10Y4.95%−3.75%
WTI100.47+1.01%
S&P 5007,663−1.21%
Dow52,868+0.02%
Bitcoin81,773+0.56%
VIX19.03+14.09%

Brent Oil Price in 2020

The brent oil price fell 21.5% in 2020, from $66.00 at the end of 2019 to $51.80. Its highest close was $68.91 on Jan 6, and its lowest $19.33 on Apr 21. The biggest one-day fall was −24.4% on Apr 21 and the biggest rise +21.0% on Apr 2. Adjusted for inflation, it lost 22.6%.

Change in 2020
−21.5%
$66.00 → $51.80
High
$68.91
Jan 6
Low
$19.33
Apr 21
After inflation
−22.6%
US CPI
Up days
131 of 253
longest run 7 up, 6 down
Below record
-64.0%
at the end of 2020

Brent Oil Price, daily closes 2020

Numbers mark the events below
$24$44$64JanFebMarAprMayJunJulAugSepOctNovDec1Feb 3: Enters a bear market: 20% below its peak of $69.02 (September 16, 2019).2Mar 9: Dow falls 2,013.76 points (7.8%) after Saudi Arabia cuts oil prices following the collapse of OPEC+ talks.3Mar 11: World Health Organization declares COVID-19 a pandemic.4Mar 27: President Trump signs the $2.2 trillion CARES Act economic relief bill.5Mar 31: Bear market low: $22.74, 67.1% below the peak.6Apr 2: Biggest one-day rise of the year: +21.0%.7Apr 20: WTI crude futures settle below zero, at about -$37 a barrel, for the first time in history.8Apr 20: Enters a bear market: 20% below its peak of $34.11 (April 3, 2020).9Apr 21: Bear market low: $19.33, 43.3% below the peak. Biggest one-day fall of the year: −24.4%.10May 18: Back above its pre-bear-market peak of $34.11 (April 3, 2020).11Nov 9: Pfizer and BioNTech report their COVID-19 vaccine is more than 90% effective; US stock indexes hit record highs.

Key Events in 2020

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

  1. 1
    Monday, February 3 From the data
    Enters a bear market: 20% below its peak of $69.02 (September 16, 2019).
  2. 2
    Monday, March 9
    Dow falls 2,013.76 points (7.8%) after Saudi Arabia cuts oil prices following the collapse of OPEC+ talks. Source
    Brent oil: −24.1% that day · −27.0% a month later
  3. 3
    Wednesday, March 11
    World Health Organization declares COVID-19 a pandemic. Source
    Brent oil: −3.8% that day · −11.8% a month later
  4. 4
    Friday, March 27
    President Trump signs the $2.2 trillion CARES Act economic relief bill. Source
    Brent oil: −5.4% that day · −24.1% a month later
  5. 5
    Tuesday, March 31 From the data
    Bear market low: $22.74, 67.1% below the peak.
  6. 6
    Thursday, April 2 From the data
    Biggest one-day rise of the year: +21.0%.
  7. 7
    Monday, April 20
    WTI crude futures settle below zero, at about -$37 a barrel, for the first time in history. Source
    Brent oil: −8.9% that day · +24.0% a month later
  8. 8
    Monday, April 20 From the data
    Enters a bear market: 20% below its peak of $34.11 (April 3, 2020).
  9. 9
    Tuesday, April 21 From the data
    Bear market low: $19.33, 43.3% below the peak. Biggest one-day fall of the year: −24.4%.
  10. 10
    Monday, May 18 From the data
    Back above its pre-bear-market peak of $34.11 (April 3, 2020).
  11. 11
    Monday, November 9
    Pfizer and BioNTech report their COVID-19 vaccine is more than 90% effective; US stock indexes hit record highs. Source
    Brent oil: +7.5% that day · +23.8% a month later

Biggest days of 2020

Best daysWorst days
Apr 2+21.0%Apr 21−24.4%
Mar 19+14.4%Mar 9−24.1%
Apr 3+13.9%Mar 18−13.4%
May 5+13.9%Mar 16−11.2%
Apr 30+12.1%Mar 6−9.4%

Volatility: 69.4% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$58.16−11.9%$68.91$58.16
Feb$50.52−13.1%$59.31$50.52
Mar$22.74−55.0%$51.90$22.74
Apr$25.27+11.1%$34.11$19.33
May$35.33+39.8%$36.17$26.44
Jun$41.15+16.5%$43.08$38.32
Jul$43.30+5.2%$44.32$42.03
Aug$45.28+4.6%$45.86$44.15
Sep$40.95−9.6%$45.58$39.61
Oct$37.46−8.5%$43.34$37.46
Nov$47.59+27.0%$48.61$38.97
Dec$51.80+8.8%$52.26$47.42

Other Markets in 2020

Change over the calendar year.

MarketChangeYear-end
Brent Oil Price−21.5%$51.80
Dow Jones Industrial Average in 2020+7.2%30,606.48
S&P 500 in 2020+16.3%3,756.07
Nasdaq Composite in 2020+43.6%12,888.28
Russell 2000 in 2020+18.4%1,974.86
Nikkei 225 in 2020+16.0%27,444.17
Gold in 2020+24.7%$1,895.10
Silver in 2020+47.7%$26.33
WTI crude oil in 2020−20.5%$48.52
US 10-year Treasury yield in 2020−1.00 pp0.92%
2020202120222023202420252026

Brent Oil Price in 2020: FAQ

How much did the brent oil price fall in 2020?

The brent oil price fell 21.5% in 2020, from $66.00 at the end of 2019 to $51.80. Its highest close was $68.91 on Jan 6, and its lowest $19.33 on Apr 21. The biggest one-day fall was −24.4% on Apr 21 and the biggest rise +21.0% on Apr 2. Adjusted for inflation, it lost 22.6%.

What were the highest and lowest closes of the brent oil price in 2020?

Highest: $68.91 on January 6, 2020. Lowest: $19.33 on April 21, 2020. It closed higher on 131 of 253 trading days.

What happened to the brent oil price on March 9, 2020?

Dow falls 2,013.76 points (7.8%) after Saudi Arabia cuts oil prices following the collapse of OPEC+ talks. The brent oil price fell 24.1% that day, and was −27.0% 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.