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Oil Price (WTI) in 2002

The oil price (WTI) rose 56.4% in 2002, from $19.96 at the end of 2001 to $31.21. Its highest close was $32.68 on Dec 27, and its lowest $18.02 on Jan 18. The biggest one-day fall was −6.0% on May 28 and the biggest rise +6.2% on Dec 16. Adjusted for inflation, it gained 52.7%.

Change in 2002
+56.4%
$19.96 → $31.21
High
$32.68
Dec 27
Low
$18.02
Jan 18
After inflation
+52.7%
US CPI
Up days
135 of 250
longest run 11 up, 5 down
Below record
-24.0%
at the end of 2002

Oil Price (WTI), daily closes 2002

Numbers mark the events below
$19$25$31JanFebMarAprMayJunJulAugSepOctNovDec1May 28: Biggest one-day fall of the year: −6.0%.2Aug 19: Back above its pre-bear-market peak of $29.59 (September 14, 2001).3Dec 16: Biggest one-day rise of the year: +6.2%.4Dec 26: Back above its pre-bear-market peak of $32.21 (January 22, 2001).

Key Events in 2002

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

  1. 1
    Tuesday, May 28 From the data
    Biggest one-day fall of the year: −6.0%.
  2. 2
    Monday, August 19 From the data
    Back above its pre-bear-market peak of $29.59 (September 14, 2001).
  3. 3
    Monday, December 16 From the data
    Biggest one-day rise of the year: +6.2%.
  4. 4
    Thursday, December 26 From the data
    Back above its pre-bear-market peak of $32.21 (January 22, 2001).

Biggest days of 2002

Best daysWorst days
Dec 16+6.2%May 28−6.0%
Jan 2+5.9%Apr 12−5.7%
Feb 26+5.6%Apr 11−4.7%
Feb 11+5.1%Jul 22−4.4%
Dec 23+5.0%Oct 21−4.2%

Volatility: 33.5% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$19.71−1.3%$21.47$18.02
Feb$21.78+10.5%$21.78$19.75
Mar$26.21+20.3%$26.21$22.37
Apr$27.32+4.2%$27.75$23.51
May$25.37−7.1%$29.17$24.78
Jun$26.79+5.6%$26.79$24.21
Jul$27.02+0.9%$27.88$26.14
Aug$28.97+7.2%$30.37$26.51
Sep$30.59+5.6%$30.85$27.76
Oct$27.18−11.1%$30.71$26.81
Nov$26.87−1.1%$27.73$25.28
Dec$31.21+16.2%$32.68$26.80

Other Markets in 2002

Change over the calendar year.

MarketChangeYear-end
Oil Price (WTI)+56.4%$31.21
Dow Jones Industrial Average in 2002−16.8%8,341.63
S&P 500 in 2002−23.4%879.82
Nasdaq Composite in 2002−31.5%1,335.51
Russell 2000 in 2002−21.6%383.09
Nikkei 225 in 2002−18.6%8,578.95
Gold in 2002+25.6%$347.20
Silver in 2002+3.3%$4.67
Brent crude oil in 2002+55.7%$30.12
US 10-year Treasury yield in 2002−1.24 pp3.83%
2000200120022003200420052006200720082009

Oil Price (WTI) in 2002: FAQ

How much did the oil price (WTI) rise in 2002?

The oil price (WTI) rose 56.4% in 2002, from $19.96 at the end of 2001 to $31.21. Its highest close was $32.68 on Dec 27, and its lowest $18.02 on Jan 18. The biggest one-day fall was −6.0% on May 28 and the biggest rise +6.2% on Dec 16. Adjusted for inflation, it gained 52.7%.

What were the highest and lowest closes of the oil price (WTI) in 2002?

Highest: $32.68 on December 27, 2002. Lowest: $18.02 on January 18, 2002. It closed higher on 135 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.