CorganoGold Price
Market open
Gold4,127.72−0.28%Silver57.63−0.56%Platinum1,622.79−0.46%Palladium1,089.11−0.42%
Gold/Silver71.63
DXY101.69−0.09%
US10Y5.15%+0.57%
WTI97.94+0.81%
S&P 5007,757+0.58%
Dow52,856+0.69%
Bitcoin84,285+1.62%
VIX16.68−3.64%

Oil Price (WTI) in 2003

The oil price (WTI) rose 4.2% in 2003, from $31.21 at the end of 2002 to $32.51. Its highest close was $37.96 on Feb 26, and its lowest $25.25 on Apr 28. The biggest one-day fall was −14.1% on Mar 26 and the biggest rise +13.2% on Mar 25. Adjusted for inflation, it gained 2.2%.

Change in 2003
+4.2%
$31.21 → $32.51
High
$37.96
Feb 26
Low
$25.25
Apr 28
After inflation
+2.2%
US CPI
Up days
132 of 250
longest run 7 up, 7 down
Below record
-20.8%
at the end of 2003

Oil Price (WTI), daily closes 2003

Numbers mark the events below
$26$32$37JanFebMarAprMayJunJulAugSepOctNovDec1Feb 24: Back above its pre-bear-market peak of $37.22 (September 20, 2000).2Mar 19: Enters a bear market: 20% below its peak of $37.96 (February 26, 2003).3Mar 20: US-led coalition invades Iraq.4Mar 21: Bear market low: $27.18, 28.4% below the peak.5Mar 25: Biggest one-day rise of the year: +13.2%.6Mar 26: Biggest one-day fall of the year: −14.1%.7Apr 25: Enters a bear market: 20% below its peak of $33.42 (March 25, 2003).8Apr 28: Bear market low: $25.25, 24.4% below the peak.9Dec 18: Back above its pre-bear-market peak of $33.42 (March 25, 2003).

Key Events in 2003

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

  1. 1
    Monday, February 24 From the data
    Back above its pre-bear-market peak of $37.22 (September 20, 2000).
  2. 2
    Wednesday, March 19 From the data
    Enters a bear market: 20% below its peak of $37.96 (February 26, 2003).
  3. 3
    Thursday, March 20
    US-led coalition invades Iraq. Source
    WTI oil: −4.6% that day · +0.3% a month later
  4. 4
    Friday, March 21 From the data
    Bear market low: $27.18, 28.4% below the peak.
  5. 5
    Tuesday, March 25 From the data
    Biggest one-day rise of the year: +13.2%.
  6. 6
    Wednesday, March 26 From the data
    Biggest one-day fall of the year: −14.1%.
  7. 7
    Friday, April 25 From the data
    Enters a bear market: 20% below its peak of $33.42 (March 25, 2003).
  8. 8
    Monday, April 28 From the data
    Bear market low: $25.25, 24.4% below the peak.
  9. 9
    Thursday, December 18 From the data
    Back above its pre-bear-market peak of $33.42 (March 25, 2003).

Biggest days of 2003

Best daysWorst days
Mar 25+13.2%Mar 26−14.1%
Mar 24+8.6%Mar 18−9.7%
Mar 27+5.6%Jun 26−8.5%
Aug 1+5.5%Jan 27−7.3%
Jun 25+5.3%Nov 24−7.0%

Volatility: 44.7% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$33.51+7.4%$34.98$30.66
Feb$36.76+9.7%$37.96$32.84
Mar$31.14−15.3%$37.87$27.18
Apr$26.09−16.2%$30.76$25.25
May$29.56+13.3%$29.74$25.65
Jun$30.15+2.0%$32.17$28.97
Jul$30.56+1.4%$31.96$29.98
Aug$31.76+3.9%$32.41$30.76
Sep$29.19−8.1%$29.57$26.93
Oct$29.24+0.2%$32.01$28.67
Nov$30.33+3.7%$33.16$28.81
Dec$32.51+7.2%$33.72$29.89

Other Markets in 2003

Change over the calendar year.

MarketChangeYear-end
Oil Price (WTI)+4.2%$32.51
Dow Jones Industrial Average in 2003+25.3%10,453.92
S&P 500 in 2003+26.4%1,111.92
Nasdaq Composite in 2003+50.0%2,003.37
Russell 2000 in 2003+45.4%556.91
Nikkei 225 in 2003+24.5%10,676.64
Gold in 2003+19.9%$416.25
Silver in 2003+27.8%$5.97
Brent crude oil in 2003+0.6%$30.30
US 10-year Treasury yield in 2003+0.44 pp4.27%
2000200120022003200420052006200720082009

Oil Price (WTI) in 2003: FAQ

How much did the oil price (WTI) rise in 2003?

The oil price (WTI) rose 4.2% in 2003, from $31.21 at the end of 2002 to $32.51. Its highest close was $37.96 on Feb 26, and its lowest $25.25 on Apr 28. The biggest one-day fall was −14.1% on Mar 26 and the biggest rise +13.2% on Mar 25. Adjusted for inflation, it gained 2.2%.

What were the highest and lowest closes of the oil price (WTI) in 2003?

Highest: $37.96 on February 26, 2003. Lowest: $25.25 on April 28, 2003. It closed higher on 132 of 250 trading days.

What happened to the oil price (WTI) on March 20, 2003?

US-led coalition invades Iraq. The oil price (WTI) fell 4.6% that day, and was +0.3% a month later.

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.