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Oil Price (WTI) in 2012

The oil price (WTI) fell 7.1% in 2012, from $98.83 at the end of 2011 to $91.83. Its highest close was $109.39 on Feb 24, and its lowest $77.72 on Jun 28. The biggest one-day fall was −4.6% on Nov 7 and the biggest rise +9.4% on Jun 29. Adjusted for inflation, it lost 8.7%.

Change in 2012
−7.1%
$98.83 → $91.83
High
$109.39
Feb 24
Low
$77.72
Jun 28
After inflation
−8.7%
US CPI
Up days
134 of 252
longest run 9 up, 6 down
Below record
-36.8%
at the end of 2012

Oil Price (WTI), daily closes 2012

Numbers mark the events below
$81$94$106JanFebMarAprMayJunJulAugSepOctNovDec1May 31: Enters a bear market: 20% below its peak of $109.39 (February 24, 2012).2Jun 28: Bear market low: $77.72, 29.0% below the peak.3Jun 29: Biggest one-day rise of the year: +9.4%.4Jul 26: ECB President Mario Draghi says the ECB is ready to do "whatever it takes" to preserve the euro.5Nov 7: Biggest one-day fall of the year: −4.6%.

Key Events in 2012

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

  1. 1
    Thursday, May 31 From the data
    Enters a bear market: 20% below its peak of $109.39 (February 24, 2012).
  2. 2
    Thursday, June 28 From the data
    Bear market low: $77.72, 29.0% below the peak.
  3. 3
    Friday, June 29 From the data
    Biggest one-day rise of the year: +9.4%.
  4. 4
    Thursday, July 26
    ECB President Mario Draghi says the ECB is ready to do "whatever it takes" to preserve the euro. Source
    WTI oil: +0.7% that day · +8.0% a month later
  5. 5
    Wednesday, November 7 From the data
    Biggest one-day fall of the year: −4.6%.

Biggest days of 2012

Best daysWorst days
Jun 29+9.4%Nov 7−4.6%
Jul 3+4.8%Jul 23−4.1%
Aug 3+4.8%Oct 3−4.0%
Jan 3+4.2%May 4−4.0%
Oct 4+4.0%Jun 21−3.9%

Volatility: 26.1% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$98.46−0.4%$103.22$98.15
Feb$107.08+8.8%$109.39$96.36
Mar$103.03−3.8%$108.76$102.79
Apr$104.89+1.8%$105.25$101.12
May$86.52−17.5%$106.17$86.52
Jun$85.04−1.7%$85.05$77.72
Jul$88.08+3.6%$92.78$83.72
Aug$96.47+9.5%$96.89$87.22
Sep$92.18−4.4%$98.94$89.92
Oct$86.23−6.5%$92.44$85.39
Nov$88.54+2.7%$89.05$84.50
Dec$91.83+3.7%$91.83$85.14

Other Markets in 2012

Change over the calendar year.

MarketChangeYear-end
Oil Price (WTI)−7.1%$91.83
Dow Jones Industrial Average in 2012+7.3%13,104.14
S&P 500 in 2012+13.4%1,426.19
Nasdaq Composite in 2012+15.9%3,019.51
Russell 2000 in 2012+14.6%849.35
Nikkei 225 in 2012+22.9%10,395.18
Gold in 2012+8.3%$1,657.50
Silver in 2012+6.3%$29.95
Brent crude oil in 2012+2.5%$110.80
US 10-year Treasury yield in 2012−0.11 pp1.78%
2010201120122013201420152016201720182019

Oil Price (WTI) in 2012: FAQ

How much did the oil price (WTI) fall in 2012?

The oil price (WTI) fell 7.1% in 2012, from $98.83 at the end of 2011 to $91.83. Its highest close was $109.39 on Feb 24, and its lowest $77.72 on Jun 28. The biggest one-day fall was −4.6% on Nov 7 and the biggest rise +9.4% on Jun 29. Adjusted for inflation, it lost 8.7%.

What were the highest and lowest closes of the oil price (WTI) in 2012?

Highest: $109.39 on February 24, 2012. Lowest: $77.72 on June 28, 2012. It closed higher on 134 of 252 trading days.

What happened to the oil price (WTI) on July 26, 2012?

ECB President Mario Draghi says the ECB is ready to do "whatever it takes" to preserve the euro. The oil price (WTI) rose 0.7% that day, and was +8.0% 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.