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Crude Oil

Commodity · USD/bbl
82.43
-0.29
(-0.35%)
DAY HIGH
82.86
DAY LOW
82.41
PREV CLOSE
82.43
1 YR RETURN
+23.25%
52 WEEK RANGE
57.79
-
93.87

Crude Oil Chart

About & Performance

Crude oil is the world's most traded commodity and two global benchmarks set the price: West Texas Intermediate (WTI) and Brent.

WTI and Brent trade in $US per barrel (42 US gallons/159 litres) and have excellent market transparency. The two benchmark prices are highly correlated and usually move in unison.

Global supply and demand is driven by economic conditions and geopolitical issues. See this video for a summary of the main factors that affect the the oil price.

The Betashares Crude Oil ETF (OOO) is the only ASX listed ETF that tracks the price of oil.

Market Index tracks the NYMEX WTI Futures which are the most quoted benchmark.

Performance USD/bbl Amount Change
1 Week +4.51 +5.79%
1 Month +3.21 +4.05%
3 Month +8.99 +12.24%
6 Month -8.77 -9.62%
1 Year +15.55 +23.25%

8:15 pm 19/03 AEDT USD/bbl

ASX Oil Companies

Closed - 03/2024
-
Company Price Chg % Chg High Low Volume Mkt Cap 1 Year
88E
88 Energy Ltd
$0.005 -0.001 -16.67% $0.006 $0.005 37,672,590 $125.62 M -61.03%
ADX
ADX Energy Ltd
$0.180 -0.05 -21.74% $0.248 $0.173 26,059,560 $77.19 M +157.14%
AFA
Asf Group Ltd
$0.046 0.00 0.00% $0.000 $0.000 - $36.45 M +9.52%
AJQ
Armour Energy Ltd
$0.100 0.00 0.00% $0.000 $0.000 - $10.31 M -60.00%
ATS
Australis Oil & Gas Ltd
$0.014 -0.001 -6.67% $0.016 $0.014 3,061,968 $17.88 M -62.16%
AXP
AXP Energy Ltd
$0.002 0.00 0.00% $0.002 $0.001 305,204 $11.65 M -33.33%
BAS
Bass Oil Ltd
$0.049 +0.004 +8.89% $0.049 $0.045 355,321 $13.15 M -55.46%
BHP
BHP Group Ltd
$43.59 +1.18 +2.78% $43.72 $42.58 8,461,680 $220.95 B +1.47%
BLU
Blue Energy Ltd
$0.016 +0.002 +14.29% $0.016 $0.014 773,591 $29.62 M -60.98%
BNL
Blue Star Helium Ltd
$0.007 0.00 0.00% $0.008 $0.007 2,536,153 $13.6 M -77.05%
BPT
Beach Energy Ltd
$1.75 +0.03 +1.74% $1.76 $1.73 8,106,319 $3.99 B +33.59%
BRU
Buru Energy Ltd
$0.120 0.00 0.00% $0.120 $0.110 129,478 $80.56 M +20.00%
BUY
Bounty Oil & Gas NL
$0.006 0.00 0.00% $0.000 $0.000 - $8.99 M -33.33%
BYE
Byron Energy Ltd
$0.081 +0.001 +1.25% $0.081 $0.079 483,730 $87.38 M -4.71%
CEL
Challenger Gold Ltd
$0.081 0.00 0.00% $0.081 $0.080 355,274 $102.15 M -26.36%
COE
Cooper Energy Ltd
$0.210 +0.005 +2.44% $0.210 $0.195 12,523,269 $554.41 M +44.83%
CVN
Carnarvon Energy Ltd
$0.190 -0.01 -5.00% $0.200 $0.190 1,041,359 $339.63 M +52.00%
DOR
Doriemus Plc
$0.055 0.00 0.00% $0.000 $0.000 - $6.62 M 0.00%
DOW
Downer Edi Ltd
$4.72 -0.02 -0.42% $4.77 $4.69 1,187,128 $3.17 B +40.06%
EEG
Empire Energy Group Ltd
$0.190 +0.005 +2.70% $0.190 $0.185 177,500 $146.95 M +22.58%
EMP
Emperor Energy Ltd
$0.015 0.00 0.00% $0.015 $0.015 13,085 $5.11 M 0.00%
EXR
Elixir Energy Ltd
$0.072 0.00 0.00% $0.075 $0.072 430,536 $81.55 M -40.00%
FAR
FAR Ltd
$0.395 +0.005 +1.28% $0.395 $0.385 206,576 $36.5 M -45.14%
FME
Future Metals NL
$0.030 -0.002 -6.25% $0.031 $0.030 2,426,102 $16.78 M -56.86%
FZR
Fitzroy River Corporation Ltd
$0.130 0.00 0.00% $0.000 $0.000 - $14.03 M -10.35%
GGE
Grand Gulf Energy Ltd
$0.007 0.00 0.00% $0.007 $0.007 25,487 $14.67 M -73.08%
GGX
GAS2GRID Ltd
$0.001 0.00 0.00% $0.000 $0.000 - $4.08 M -50.00%
GLL
Galilee Energy Ltd
$0.037 0.00 0.00% $0.037 $0.037 41,700 $12.57 M -71.54%
GRV
Greenvale Energy Ltd
$0.075 -0.005 -6.25% $0.076 $0.075 63,591 $33.02 M -25.00%
HCD
Hydrocarbon Dynamics Ltd
$0.003 0.00 0.00% $0.000 $0.000 - $2.43 M -76.92%
HHR
Hartshead Resources NL
$0.007 +0.001 +7.69% $0.007 $0.007 305,714 $19.66 M -82.05%
HZN
Horizon Oil Ltd
$0.175 +0.005 +2.94% $0.175 $0.170 3,694,300 $283.22 M +9.38%
ICN
Icon Energy Ltd
$0.006 0.00 0.00% $0.000 $0.000 - $4.61 M -33.33%
JPR
Jupiter Energy Ltd
$0.022 0.00 0.00% $0.000 $0.000 - $28.02 M -15.39%
KAR
Karoon Energy Ltd
$2.01 +0.08 +4.15% $2.02 $1.95 5,978,141 $1.61 B +4.90%
KEY
KEY Petroleum Ltd
$0.001 0.00 0.00% $0.000 $0.000 - $2.26 M 0.00%
LCK
Leigh Creek Energy Ltd
$0.170 0.00 0.00% $0.000 $0.000 - $152.74 M +3.03%
LIO
Lion Energy Ltd
$0.025 0.00 0.00% $0.000 $0.000 - $10.92 M -34.21%
LKO
Lakes Blue Energy NL
$0.000 0.00 0.00% $0.000 $0.000 - $0 0.00%
MAY
Melbana Energy Ltd
$0.061 +0.002 +3.39% $0.063 $0.059 6,869,739 $205.58 M -16.44%
MEL
Metgasco Ltd
$0.008 +0.002 +33.33% $0.008 $0.007 944,347 $8.51 M -55.56%
NWE
Norwest Energy NL
$0.056 0.00 0.00% $0.000 $0.000 - $389.19 M +60.00%
NZO
New Zealand Oil & Gas Ltd
$0.420 0.00 0.00% $0.420 $0.420 16,565 $94.06 M +10.53%
ODY
Odyssey Gold Ltd
$0.020 0.00 0.00% $0.000 $0.000 - $17.98 M -39.39%
OEL
Otto Energy Ltd
$0.014 0.00 0.00% $0.000 $0.000 - $67.13 M 0.00%
OEX
OILEX Ltd
$0.003 0.00 0.00% $0.000 $0.000 - $24.73 M -25.00%
OMA
Omega Oil & Gas Ltd
$0.145 0.00 0.00% $0.150 $0.145 100,260 $39.63 M -12.12%
OOO
Betashares Crude Oil INDEX ETF-Currency Hedged (Synthetic)
$6.04 +0.10 +1.68% $6.05 $6.02 100,149 $144.61 M +31.30%
ORG
Origin Energy Ltd
$9.11 +0.06 +0.66% $9.15 $9.03 3,941,823 $15.69 B +14.16%
PCL
Pancontinental Energy NL
$0.022 0.00 0.00% $0.023 $0.022 3,850,325 $177.48 M +100.00%
PH2
Pure Hydrogen Corporation Ltd
$0.110 0.00 0.00% $0.110 $0.110 28,223 $39.43 M -31.25%
PRM
Prominence Energy Ltd
$0.009 0.00 0.00% $0.009 $0.009 75,100 $1.76 M -70.00%
PVE
Po Valley Energy Ltd
$0.032 +0.002 +6.67% $0.032 $0.032 149,028 $37.09 M -59.49%
QEM
QEM Ltd
$0.160 0.00 0.00% $0.170 $0.160 82,334 $24.22 M -21.95%
ROG
Red Sky Energy Ltd
$0.005 0.00 0.00% $0.005 $0.004 209,642 $27.11 M +25.00%
SGC
Sacgasco Ltd
$0.008 -0.002 -20.00% $0.009 $0.008 310,824 $6.24 M -20.00%
SHE
Stonehorse Energy Ltd
$0.013 0.00 0.00% $0.013 $0.013 227,646 $8.9 M -18.75%
STO
Santos Ltd
$7.49 +0.13 +1.77% $7.52 $7.38 7,718,810 $24.33 B +11.13%
STX
Strike Energy Ltd
$0.250 +0.01 +4.17% $0.250 $0.240 7,155,281 $715.56 M -33.33%
TDO
3D Energi Ltd
$0.056 -0.001 -1.75% $0.056 $0.056 8,000 $18.56 M -1.75%
TEG
Triangle Energy (Global) Ltd
$0.018 0.00 0.00% $0.018 $0.018 5,447,583 $29.01 M -9.70%
TMK
TMK Energy Ltd
$0.004 0.00 0.00% $0.000 $0.000 - $24.49 M -75.00%
TOU
Tlou Energy Ltd
$0.041 +0.004 +10.81% $0.041 $0.041 25,000 $44.14 M +17.14%
TPD
Talon Energy Ltd
$0.210 0.00 0.00% $0.000 $0.000 - $140.17 M +44.41%
VEA
Viva Energy Group Ltd
$3.51 0.00 0.00% $3.53 $3.49 2,842,227 $5.42 B +25.81%
VEN
Vintage Energy Ltd
$0.016 -0.001 -5.88% $0.017 $0.016 2,336,128 $13.92 M -79.37%
WDS
Woodside Energy Group Ltd
$30.25 +0.69 +2.33% $30.25 $29.66 5,395,279 $57.44 B -2.42%
WEL
Winchester Energy Ltd
$0.002 0.00 0.00% $0.000 $0.000 - $2.04 M -66.67%
WGO
Warrego Energy Ltd
$0.355 0.00 0.00% $0.000 $0.000 - $440.8 M +129.03%

Australia has produced oil commercially since the 1960s and currently holds 0.3% of the world's oil reserves. [1] Production peaked in 2000 and has slowly declined since. Western Australia is the largest producing state and accounts for ~71% of Australia's oil [2]. View an image of Australia's known crude oil reserves.

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WTI vs Brent

WTI (Midwest U.S.) and Brent (North Europe) are both light and sweet crude oils

WTI is most quoted in media but Brent is slowly overtaking WTI as the industry standard. With its recent increase in liquidity and trading activity, Brent is now used as the benchmark oil price in Europe, West Africa and most Asian countries.

Some also consider Brent a better indicator of global oil prices as it draws its oil from multiple oil fields in the North Sea (compared to WTI’s one region).

Price Difference

WTI is lighter and sweeter than Brent, making it easier to refine and (historically) command a slight premium.

For decades, the prices have moved in unison with WTI a few dollars per barrel more expensive. Recent growing stockpiles of WTI in the U.S have resulted in a price “switch” and Brent is now more expensive.

82.43

WTI

$86.55

Brent

8:15 pm 19/03 USD/bbl

Grading Crude Oil

Crude oil reservoirs have their own unique characteristics and properties. The market value of an individual stream can be determined by grading the oil on two scales:

1. API Gravity
The oil’s density to water which ranges from “light” to “heavy”. Light is the preferred density.

2. Sweetness
The sulphur content of the oil. Less than 0.5% sulphur and the oil is “sweet” while greater than 0.5% indicates the oil is “sour”.

The market prefers sweet crude (e.g. North Europe and Central U.S.) to sour crude (e.g. Middle East) as it requires less processing to remove impurities.

Historical Chart

Resources

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Commodities Workbook

(Spreadsheet)

Download a spreadsheet of Crude Oil prices (USD/bbl) since 1980.