Oil Price (WTI) in 2014

The oil price (WTI) fell 45.6% in 2014, from $98.17 at the end of 2013 to $53.45. Its highest close was $107.95 on Jun 20, and its lowest $53.45 on Dec 31. The biggest one-day fall was −10.5% on Nov 28 and the biggest rise +5.0% on Dec 19. Adjusted for inflation, it lost 46.0%.

Change in 2014

−45.6%

$98.17 → $53.45

High

$107.95

Jun 20

Low

$53.45

Dec 31

After inflation

−46.0%

US CPI

Up days

118 of 252

longest run 5 up, 9 down

Below record

-63.2%

at the end of 2014

Oil Price (WTI), daily closes 2014

Numbers mark the events below

Key Events in 2014

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

1
Tuesday, March 18

Russia signs a treaty annexing Crimea from Ukraine. Source

WTI oil: +1.7% that day · +5.4% a month later
2
Thursday, June 5

ECB cuts its deposit facility rate to -0.10%, introducing a negative policy rate. Source

WTI oil: −0.1% that day · +1.4% a month later
3
Wednesday, October 8 From the data

Enters a bear market: 20% below its peak of $110.62 (September 6, 2013).
4
Thursday, November 27

OPEC keeps its output ceiling unchanged; US crude falls nearly 8% to below $69, lowest since 2009. Source

WTI oil: −10.5% next trading day (Nov 28) · −27.5% a month later
5
Friday, December 19 From the data

Biggest one-day rise of the year: +5.0%.

Biggest days of 2014

Best days		Worst days
Dec 19	+5.0%	Nov 28	−10.5%
Dec 1	+4.6%	Jul 31	−5.8%
Oct 23	+2.8%	Sep 2	−5.0%
Sep 3	+2.8%	Oct 14	−4.7%
Dec 23	+2.8%	Dec 10	−4.3%

Volatility: 25.8% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	$97.55	−0.6%	$98.25	$91.36
Feb	$102.88	+5.5%	$103.46	$96.44
Mar	$101.57	−1.3%	$105.34	$98.29
Apr	$100.07	−1.5%	$104.35	$99.60
May	$103.40	+3.3%	$105.01	$99.69
Jun	$106.07	+2.6%	$107.95	$103.07
Jul	$98.23	−7.4%	$106.06	$98.23
Aug	$97.86	−0.4%	$98.26	$93.61
Sep	$91.17	−6.8%	$95.55	$91.17
Oct	$80.53	−11.7%	$91.02	$80.52
Nov	$65.94	−18.1%	$78.77	$65.94
Dec	$53.45	−18.9%	$68.98	$53.45

Other Markets in 2014

Change over the calendar year.

Market	Change	Year-end
Oil Price (WTI)	−45.6%	$53.45
Dow Jones Industrial Average in 2014	+7.5%	17,823.07
S&P 500 in 2014	+11.4%	2,058.90
Nasdaq Composite in 2014	+13.4%	4,736.05
Russell 2000 in 2014	+3.5%	1,204.70
Nikkei 225 in 2014	+7.1%	17,450.77
Gold in 2014	−1.5%	$1,184.10
Silver in 2014	−19.5%	$15.60
US 10-year Treasury yield in 2014	−0.87 pp	2.17%

2010 2011 2012 2013 2014 2015

Oil Price (WTI) in 2014: FAQ

How much did the oil price (WTI) fall in 2014?

What were the highest and lowest closes of the oil price (WTI) in 2014?

Highest: $107.95 on June 20, 2014. Lowest: $53.45 on December 31, 2014. It closed higher on 118 of 252 trading days.

What happened to the oil price (WTI) on November 27, 2014?

OPEC keeps its output ceiling unchanged; US crude falls nearly 8% to below $69, lowest since 2009. The oil price (WTI) fell 10.5% on the next trading day (November 28, 2014), and was −27.5% 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.