Oil Price (WTI) in 2000

The oil price (WTI) rose 3.7% in 2000, from $25.76 at the end of 1999 to $26.72. Its highest close was $37.22 on Sep 20, and its lowest $23.91 on Apr 10. The biggest one-day fall was −12.0% on Dec 20 and the biggest rise +8.6% on Oct 12. Adjusted for inflation, it gained 0.3%.

Change in 2000

+3.7%

$25.76 → $26.72

High

$37.22

Sep 20

Low

$23.91

Apr 10

After inflation

+0.3%

US CPI

Up days

137 of 250

longest run 8 up, 6 down

Below record

-34.9%

at the end of 2000

Oil Price (WTI), daily closes 2000

Numbers mark the events below

Key Events in 2000

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

1
Tuesday, March 7 From the data

Back above its pre-bear-market peak of $32.25 (January 16, 1991).
2
Tuesday, March 28 From the data

Enters a bear market: 20% below its peak of $33.90 (March 7, 2000).
3
Monday, April 10 From the data

Bear market low: $23.91, 29.5% below the peak.
4
Thursday, June 22 From the data

Back above its pre-bear-market peak of $33.90 (March 7, 2000).
5
Monday, July 31 From the data

Enters a bear market: 20% below its peak of $34.76 (June 23, 2000). Bear market low: $27.50, 20.9% below the peak.
6
Wednesday, September 6 From the data

Back above its pre-bear-market peak of $34.76 (June 23, 2000).
7
Friday, September 15 From the data

Back above its pre-bear-market peak of $35.61 (November 8, 1990).
8
Thursday, October 12 From the data

Biggest one-day rise of the year: +8.6%.
9
Tuesday, December 5 From the data

Enters a bear market: 20% below its peak of $37.22 (September 20, 2000).
10
Wednesday, December 20 From the data

Biggest one-day fall of the year: −12.0%.
11
Thursday, December 28 From the data

Bear market low: $25.82, 30.6% below the peak.

Biggest days of 2000

Best days		Worst days
Oct 12	+8.6%	Dec 20	−12.0%
Aug 24	+7.0%	Jun 26	−9.2%
Apr 19	+5.6%	Sep 21	−9.1%
Apr 12	+5.5%	Jan 26	−8.7%
Mar 7	+5.3%	Mar 8	−7.9%

Volatility: 46.0% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	$27.65	+7.3%	$30.28	$24.65
Feb	$30.57	+10.6%	$30.57	$27.52
Mar	$26.86	−12.1%	$33.90	$26.36
Apr	$25.71	−4.3%	$27.41	$23.91
May	$29.03	+12.9%	$30.43	$25.84
Jun	$32.44	+11.7%	$34.76	$29.29
Jul	$27.50	−15.2%	$31.94	$27.50
Aug	$33.09	+20.3%	$34.01	$27.85
Sep	$30.87	−6.7%	$37.22	$30.26
Oct	$32.70	+5.9%	$36.06	$30.66
Nov	$33.61	+2.8%	$36.24	$32.59
Dec	$26.72	−20.5%	$32.06	$25.82

Other Markets in 2000

Change over the calendar year.

Market	Change	Year-end
Oil Price (WTI)	+3.7%	$26.72
Dow Jones Industrial Average in 2000	−6.2%	10,786.85
S&P 500 in 2000	−10.1%	1,320.28
Nasdaq Composite in 2000	−39.3%	2,470.52
Russell 2000 in 2000	−4.2%	483.53
Nikkei 225 in 2000	−27.2%	13,785.69
Gold in 2000	−5.4%	$274.45
Silver in 2000	−14.1%	$4.58
Brent crude oil in 2000	−9.4%	$22.58
US 10-year Treasury yield in 2000	−1.33 pp	5.12%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Oil Price (WTI) in 2000: FAQ

How much did the oil price (WTI) rise in 2000?

What were the highest and lowest closes of the oil price (WTI) in 2000?

Highest: $37.22 on September 20, 2000. Lowest: $23.91 on April 10, 2000. It closed higher on 137 of 250 trading days.

Data: WTI Cushing spot price (EIA via FRED) from 1986, NYMEX front-month 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.