CorganoGold Price
Free widgets Market open
Gold4,021.49−0.06%Silver54.32−0.51%Platinum1,574.33+0.43%Palladium1,059.52+0.30%
Gold/Silver74.03
DXY101.68+0.08%
US10Y4.95%−3.75%
WTI100.38+0.91%
S&P 5007,663−1.21%
Dow52,868+0.02%
Bitcoin81,725+0.50%
VIX19.03+14.09%

Oil Price (WTI) in 2019

The oil price (WTI) rose 34.5% in 2019, from $45.41 at the end of 2018 to $61.06. Its highest close was $66.30 on Apr 23, and its lowest $46.54 on Jan 2. The biggest one-day fall was −7.9% on Aug 1 and the biggest rise +14.7% on Sep 16. Adjusted for inflation, it gained 31.5%.

Change in 2019
+34.5%
$45.41 → $61.06
High
$66.30
Apr 23
Low
$46.54
Jan 2
After inflation
+31.5%
US CPI
Up days
140 of 252
longest run 8 up, 8 down
Below record
-58.0%
at the end of 2019

Oil Price (WTI), daily closes 2019

Numbers mark the events below
$48$56$64JanFebMarAprMayJunJulAugSepOctNovDec1Jun 5: Enters a bear market: 20% below its peak of $66.30 (April 23, 2019).2Aug 1: Biggest one-day fall of the year: −7.9%.3Aug 5: Yuan falls past 7 per dollar for the first time since 2008; US Treasury designates China a currency manipulator.4Aug 7: Bear market low: $51.09, 22.9% below the peak.5Sep 14: Drone attack hits Saudi oil facilities at Abqaiq and Khurais; Brent rises almost 20% when markets reopen.6Dec 11: Saudi Aramco shares begin trading after an IPO raising about $25.6 billion, the largest on record at the time.

Key Events in 2019

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

  1. 1
    Wednesday, June 5 From the data
    Enters a bear market: 20% below its peak of $66.30 (April 23, 2019).
  2. 2
    Thursday, August 1 From the data
    Biggest one-day fall of the year: −7.9%.
  3. 3
    Monday, August 5
    Yuan falls past 7 per dollar for the first time since 2008; US Treasury designates China a currency manipulator. Source
    WTI oil: −1.7% that day · −3.1% a month later
  4. 4
    Wednesday, August 7 From the data
    Bear market low: $51.09, 22.9% below the peak.
  5. 5
    Saturday, September 14
    Drone attack hits Saudi oil facilities at Abqaiq and Khurais; Brent rises almost 20% when markets reopen. Source
    WTI oil: +14.7% next trading day (Sep 16) · −2.3% a month later
  6. 6
    Wednesday, December 11
    Saudi Aramco shares begin trading after an IPO raising about $25.6 billion, the largest on record at the time. Source
    WTI oil: −0.8% that day · −0.3% a month later

Biggest days of 2019

Best daysWorst days
Sep 16+14.7%Aug 1−7.9%
Jun 20+5.4%May 23−5.7%
Jan 9+5.2%Sep 17−5.7%
Jul 10+4.5%May 31−5.5%
Sep 4+4.3%Nov 29−5.1%

Volatility: 34.0% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$53.79+18.5%$54.23$46.54
Feb$57.22+6.4%$57.26$52.41
Mar$60.14+5.1%$60.14$55.80
Apr$63.91+6.3%$66.30$61.59
May$53.50−16.3%$63.60$53.50
Jun$58.47+9.3%$59.43$51.14
Jul$58.58+0.2%$60.43$55.30
Aug$55.10−5.9%$57.10$51.09
Sep$54.07−1.9%$62.90$53.94
Oct$54.18+0.2%$56.66$52.45
Nov$55.17+1.8%$58.58$55.17
Dec$61.06+10.7%$61.72$55.96

Other Markets in 2019

Change over the calendar year.

MarketChangeYear-end
Oil Price (WTI)+34.5%$61.06
Dow Jones Industrial Average in 2019+22.3%28,538.44
S&P 500 in 2019+28.9%3,230.78
Nasdaq Composite in 2019+35.2%8,972.60
Russell 2000 in 2019+23.7%1,668.47
Nikkei 225 in 2019+18.2%23,656.62
Gold in 2019+18.9%$1,519.50
Silver in 2019+15.5%$17.83
Brent crude oil in 2019+22.7%$66.00
US 10-year Treasury yield in 2019−0.77 pp1.92%
2010201120122013201420152016201720182019

Oil Price (WTI) in 2019: FAQ

How much did the oil price (WTI) rise in 2019?

The oil price (WTI) rose 34.5% in 2019, from $45.41 at the end of 2018 to $61.06. Its highest close was $66.30 on Apr 23, and its lowest $46.54 on Jan 2. The biggest one-day fall was −7.9% on Aug 1 and the biggest rise +14.7% on Sep 16. Adjusted for inflation, it gained 31.5%.

What were the highest and lowest closes of the oil price (WTI) in 2019?

Highest: $66.30 on April 23, 2019. Lowest: $46.54 on January 2, 2019. It closed higher on 140 of 252 trading days.

What happened to the oil price (WTI) on September 14, 2019?

Drone attack hits Saudi oil facilities at Abqaiq and Khurais; Brent rises almost 20% when markets reopen. The oil price (WTI) rose 14.7% on the next trading day (September 16, 2019), and was −2.3% 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.