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Brent Oil Price in 2022

The brent oil price rose 10.5% in 2022, from $77.78 at the end of 2021 to $85.91. Its highest close was $127.98 on Mar 8, and its lowest $76.10 on Dec 9. The biggest one-day fall was −13.2% on Mar 9 and the biggest rise +8.8% on Mar 17. Adjusted for inflation, it gained 3.8%.

Change in 2022
+10.5%
$77.78 → $85.91
High
$127.98
Mar 8
Low
$76.10
Dec 9
After inflation
+3.8%
US CPI
Up days
132 of 251
longest run 8 up, 6 down
Below record
-40.3%
at the end of 2022

Brent Oil Price, daily closes 2022

Numbers mark the events below
$81$102$123JanFebMarAprMayJunJulAugSepOctNovDec1Jan 18: Back above its pre-bear-market peak of $86.40 (October 26, 2021).2Feb 24: Russia launches a full-scale invasion of Ukraine; Russia's RTS index falls 39%.3Mar 7: Back above its pre-bear-market peak of $118.90 (February 8, 2013).4Mar 8: President Biden announces a ban on US imports of Russian oil.5Mar 9: Biggest one-day fall of the year: −13.2%.6Mar 15: Enters a bear market: 20% below its peak of $127.98 (March 8, 2022).7Mar 16: Bear market low: $98.02, 23.4% below the peak.8Mar 17: Biggest one-day rise of the year: +8.8%.9Aug 3: Enters a bear market: 20% below its peak of $123.58 (June 8, 2022).

Key Events in 2022

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

  1. 1
    Tuesday, January 18 From the data
    Back above its pre-bear-market peak of $86.40 (October 26, 2021).
  2. 2
    Thursday, February 24
    Russia launches a full-scale invasion of Ukraine; Russia's RTS index falls 39%. Source
    Brent oil: +2.3% that day · +22.9% a month later
  3. 3
    Monday, March 7 From the data
    Back above its pre-bear-market peak of $118.90 (February 8, 2013).
  4. 4
    Tuesday, March 8
    President Biden announces a ban on US imports of Russian oil. Source
    Brent oil: +3.9% that day · −13.4% a month later
  5. 5
    Wednesday, March 9 From the data
    Biggest one-day fall of the year: −13.2%.
  6. 6
    Tuesday, March 15 From the data
    Enters a bear market: 20% below its peak of $127.98 (March 8, 2022).
  7. 7
    Wednesday, March 16 From the data
    Bear market low: $98.02, 23.4% below the peak.
  8. 8
    Thursday, March 17 From the data
    Biggest one-day rise of the year: +8.8%.
  9. 9
    Wednesday, August 3 From the data
    Enters a bear market: 20% below its peak of $123.58 (June 8, 2022).

Biggest days of 2022

Best daysWorst days
Mar 17+8.8%Mar 9−13.2%
Mar 2+7.6%Aug 1−9.1%
Mar 21+7.1%Jul 5−7.9%
Mar 4+6.9%Jul 12−7.1%
Apr 12+6.3%Mar 28−6.8%

Volatility: 46.2% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$91.21+17.3%$91.21$78.98
Feb$100.99+10.7%$100.99$89.16
Mar$107.91+6.9%$127.98$98.02
Apr$109.34+1.3%$113.16$98.48
May$122.84+12.3%$122.84$102.46
Jun$114.81−6.5%$123.58$110.05
Jul$110.01−4.2%$111.63$99.10
Aug$96.49−12.3%$105.09$92.34
Sep$87.96−8.8%$94.10$84.06
Oct$94.83+7.8%$97.92$88.86
Nov$85.43−9.9%$98.57$83.03
Dec$85.91+0.6%$86.88$76.10

Other Markets in 2022

Change over the calendar year.

MarketChangeYear-end
Brent Oil Price+10.5%$85.91
Dow Jones Industrial Average in 2022−8.8%33,147.25
S&P 500 in 2022−19.4%3,839.50
Nasdaq Composite in 2022−33.1%10,466.48
Russell 2000 in 2022−21.6%1,761.25
Nikkei 225 in 2022−9.4%26,094.50
Gold in 2022−0.1%$1,826.20
Silver in 2022+2.3%$23.86
WTI crude oil in 2022+6.7%$80.26
US 10-year Treasury yield in 2022+2.37 pp3.88%
2020202120222023202420252026

Brent Oil Price in 2022: FAQ

How much did the brent oil price rise in 2022?

The brent oil price rose 10.5% in 2022, from $77.78 at the end of 2021 to $85.91. Its highest close was $127.98 on Mar 8, and its lowest $76.10 on Dec 9. The biggest one-day fall was −13.2% on Mar 9 and the biggest rise +8.8% on Mar 17. Adjusted for inflation, it gained 3.8%.

What were the highest and lowest closes of the brent oil price in 2022?

Highest: $127.98 on March 8, 2022. Lowest: $76.10 on December 9, 2022. It closed higher on 132 of 251 trading days.

What happened to the brent oil price on March 8, 2022?

President Biden announces a ban on US imports of Russian oil. The brent oil price rose 3.9% that day, and was −13.4% 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.