Exploring Latest Crude Oil Prices & Price Chart & Forecast
North America Crude Oil Prices Last Quarter:
Crude Oil Prices in the United States:
| Product | Category | Price |
| Crude Oil | Feedstock | 73.01 USD/Barrel (WTI) |
In the last quarter, U.S. crude oil prices experienced a decline, reaching 73.01 USD per barrel (WTI). This drop was primarily driven by high inventory levels and weak demand, which put downward pressure on prices. Geopolitical tensions and uncertainties surrounding OPEC+ policies further exacerbated the bearish market sentiment, creating volatility in global oil markets. Despite an increase in production and exports, these factors contributed to a supply and demand imbalance, ultimately leading to the decline in prices. The combination of these dynamics reflected the ongoing challenges faced by the oil market during the quarter.
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APAC Crude Oil Prices Movement Last Quarter:
Crude Oil Prices in India:
| Product | Category | Price |
| Crude Oil | Feedstock | 72.5 USD/Barrel (WTI) |
In the last quarter, crude oil prices in India experienced significant fluctuations, ultimately reaching 72.5 USD/Barrel (WTI). Several key factors contributed to the volatility observed in the market during this period. On the one hand, supply cuts implemented by major oil-producing countries tightened global crude oil availability, which placed upward pressure on prices. However, India benefited from increased access to cheaper Venezuelan crude, which somewhat alleviated the overall price pressures. In addition, the Indian government’s decision to hike the windfall tax on oil producers introduced a layer of market uncertainty, as it raised concerns over future production and pricing strategies. Responding to these market shifts, major oil manufacturers in India reduced fuel prices, attempting to stabilize their pricing amid fluctuating global oil prices. These combined factors – geopolitical supply cuts, access to discounted crude, changes in government policy, and strategic price adjustments by producers – contributed to the overall volatility in India’s crude oil market during the quarter, making it a challenging environment for both consumers and producers alike.
Europe Crude Oil Prices Movement Last Quarter:
Crude Oil Prices in Germany:
| Product | Category | Price |
| Crude Oil | Feedstock | 72.5 USD/Barrel (WTI) |
In the last quarter, crude oil price in Germany declined, reaching 77 USD/Barrel. This decline was driven by several factors, including weak demand due to subdued manufacturing activities and broader economic slowdowns. Increased production in the U.S. also contributed to the oversupply, putting further downward pressure on prices. Additionally, ongoing geopolitical tensions added uncertainty to the market, exacerbating the bearish trend. The combined effect of these factors led to a notable reduction in crude oil prices during the quarter.
How the IMARC Pricing Database Can Help
The latest IMARC Group study, “Crude Oil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Crude Oil price trend, offering key insights into global Crude Oil market dynamics. This report includes comprehensive price charts, which trace historical data and highlight major shifts in the market.
The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Crude Oil demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. The price report uncovers critical factors influencing current and Crude Oil Prices Forecast by exploring the intricate relationship between supply and demand.
Key Features:
| Key Attributes | Details |
| Product Name | Crude Oil |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Crude Oil Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Information Covered for Key Suppliers | Company OverviewBusiness DescriptionRecent Trends and Developments |
| Customization Scope | The report can be customized as per the requirements of the customer |
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