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Brent Oil Price in 2024

The brent oil price fell 3.1% in 2024, from $77.04 at the end of 2023 to $74.64. Its highest close was $91.17 on Apr 5, and its lowest $69.19 on Sep 10. The biggest one-day fall was −6.4% on Sep 3 and the biggest rise +5.0% on Oct 3. Adjusted for inflation, it lost 5.8%.

Change in 2024
−3.1%
$77.04 → $74.64
High
$91.17
Apr 5
Low
$69.19
Sep 10
After inflation
−5.8%
US CPI
Up days
127 of 252
longest run 5 up, 5 down
Below record
-48.1%
at the end of 2024

Brent Oil Price, daily closes 2024

Numbers mark the events below
$71$80$89JanFebMarAprMayJunJulAugSepOctNovDec1Sep 3: Biggest one-day fall of the year: −6.4%.2Sep 4: Enters a bear market: 20% below its peak of $91.17 (April 5, 2024).3Oct 3: Biggest one-day rise of the year: +5.0%.4Nov 5: Donald Trump wins the US presidential election.

Key Events in 2024

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

  1. 1
    Tuesday, September 3 From the data
    Biggest one-day fall of the year: −6.4%.
  2. 2
    Wednesday, September 4 From the data
    Enters a bear market: 20% below its peak of $91.17 (April 5, 2024).
  3. 3
    Thursday, October 3 From the data
    Biggest one-day rise of the year: +5.0%.
  4. 4
    Tuesday, November 5
    Donald Trump wins the US presidential election. Source
    Brent oil: +0.6% that day · −3.7% a month later

Biggest days of 2024

Best daysWorst days
Oct 3+5.0%Sep 3−6.4%
Oct 7+3.7%Oct 28−6.1%
Oct 10+3.7%May 1−5.0%
Aug 12+3.3%Oct 8−4.6%
Nov 18+3.2%Oct 15−4.1%

Volatility: 26.4% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$81.71+6.1%$83.55$75.89
Feb$83.62+2.3%$83.68$77.33
Mar$87.48+4.6%$87.48$81.92
Apr$87.86+0.4%$91.17$87.00
May$81.62−7.1%$84.22$81.36
Jun$86.41+5.9%$86.41$77.52
Jul$80.72−6.6%$87.34$78.63
Aug$78.80−2.4%$82.30$76.05
Sep$71.77−8.9%$75.17$69.19
Oct$73.16+1.9%$80.93$71.12
Nov$72.94−0.3%$75.63$71.04
Dec$74.64+2.3%$74.64$71.12

Other Markets in 2024

Change over the calendar year.

MarketChangeYear-end
Brent Oil Price−3.1%$74.64
Dow Jones Industrial Average in 2024+12.9%42,544.22
S&P 500 in 2024+23.3%5,881.63
Nasdaq Composite in 2024+28.6%19,310.79
Russell 2000 in 2024+10.0%2,230.16
Nikkei 225 in 2024+19.2%39,894.54
Gold in 2024+27.5%$2,641.00
Silver in 2024+21.3%$28.94
WTI crude oil in 2024+0.1%$71.72
US 10-year Treasury yield in 2024+0.71 pp4.57%
2020202120222023202420252026

Brent Oil Price in 2024: FAQ

How much did the brent oil price fall in 2024?

The brent oil price fell 3.1% in 2024, from $77.04 at the end of 2023 to $74.64. Its highest close was $91.17 on Apr 5, and its lowest $69.19 on Sep 10. The biggest one-day fall was −6.4% on Sep 3 and the biggest rise +5.0% on Oct 3. Adjusted for inflation, it lost 5.8%.

What were the highest and lowest closes of the brent oil price in 2024?

Highest: $91.17 on April 5, 2024. Lowest: $69.19 on September 10, 2024. It closed higher on 127 of 252 trading days.

What happened to the brent oil price on November 5, 2024?

Donald Trump wins the US presidential election. The brent oil price rose 0.6% that day, and was −3.7% 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.