Crude Oil Logo

Crude Oil

Commodity · USD/bbl
89.76
-0.74
(-0.82%)
DAY HIGH
90.70
DAY LOW
89.30
PREV CLOSE
89.76
1 YR RETURN
+34.01%
52 WEEK RANGE
57.79
-
130.50

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 -1.38 -1.51%
1 Month -14.53 -13.93%
3 Month -9.56 -9.63%
6 Month 0.00 0.00%
1 Year +22.78 +34.01%

6:08 pm 10/08 AEST USD/bbl

ASX Oil Companies

Closed - 08/2022
-
Company Price Chg % Chg High Low Volume Mkt Cap 1 Year
88E
88 Energy Ltd
$0.011 0.00 0.00% $0.00 $0.00 - $182.71 M -77.08%
ADX
ADX Energy Ltd
$0.007 +0.001 +8.33% $0.007 $0.007 457,067 $19.89 M -18.75%
AFA
Asf Group Ltd
$0.05 0.00 0.00% $0.05 $0.05 6,000 $39.63 M -3.85%
AJQ
Armour Energy Ltd
$0.007 +0.001 +16.67% $0.007 $0.006 9,194,428 $15.81 M -77.42%
ATS
Australis Oil & Gas Ltd
$0.045 0.00 0.00% $0.046 $0.045 276,503 $55.96 M 0.00%
AXP
AXP Energy Ltd
$0.005 0.00 0.00% $0.005 $0.005 4,105,800 $29.06 M -28.57%
BAS
Bass Oil Ltd
$0.039 -0.001 -2.50% $0.039 $0.039 194,301 $9.38 M -35.00%
BHP
BHP Group Ltd
$38.30 -0.52 -1.34% $39.04 $38.30 7,854,491 $193.89 B -16.90%
BLU
Blue Energy Ltd
$0.062 -0.001 -1.59% $0.063 $0.062 2,186,990 $114.75 M +3.33%
BNL
Blue Star Helium Ltd
$0.033 0.00 0.00% $0.034 $0.031 3,465,907 $52.34 M -5.71%
BPT
Beach Energy Ltd
$1.825 -0.02 -1.08% $1.865 $1.82 5,841,668 $4.16 B +54.66%
BRU
Buru Energy Ltd
$0.13 +0.005 +4.00% $0.135 $0.125 192,561 $77.49 M -3.70%
BUY
Bounty Oil & Gas NL
$0.007 0.00 0.00% $0.00 $0.00 - $9.59 M -56.25%
BYE
Byron Energy Ltd
$0.135 0.00 0.00% $0.143 $0.13 1,033,498 $145.99 M +22.73%
CEL
Challenger Exploration Ltd
$0.195 0.00 0.00% $0.195 $0.185 154,629 $200.4 M -23.53%
COE
Cooper Energy Ltd
$0.225 0.00 0.00% $0.23 $0.22 2,580,468 $591.45 M +0.11%
CVN
Carnarvon Energy Ltd
$0.21 -0.005 -2.33% $0.215 $0.205 2,229,726 $378.04 M -19.23%
DOR
Doriemus Plc
$0.058 +0.001 +1.75% $0.058 $0.057 125,742 $6.98 M -71.00%
DOW
Downer Edi Ltd
$5.58 +0.08 +1.46% $5.61 $5.50 1,058,335 $3.77 B +2.57%
EEG
Empire Energy Group Ltd
$0.24 +0.005 +2.13% $0.24 $0.235 166,444 $184.9 M -12.73%
EMP
Emperor Energy Ltd
$0.029 0.00 0.00% $0.029 $0.029 185,998 $6.52 M -29.27%
EXR
Elixir Energy Ltd
SPONSORED
$0.15 -0.005 -3.23% $0.155 $0.15 1,054,450 $133.76 M -41.18%
FAR
FAR Ltd
$0.825 +0.005 +0.61% $0.825 $0.815 101,967 $81.58 M -35.80%
FME
Future Metals NL
$0.135 0.00 0.00% $0.135 $0.13 675,241 $40.3 M -34.15%
FZR
Fitzroy River Corporation Ltd
$0.12 0.00 0.00% $0.00 $0.00 - $12.95 M -20.00%
GGE
Grand Gulf Energy Ltd
$0.026 0.00 0.00% $0.027 $0.026 3,071,569 $40.21 M +136.36%
GGX
GAS2GRID Ltd
$0.002 0.00 0.00% $0.00 $0.00 - $8.12 M -20.00%
GLL
Galilee Energy Ltd
$0.285 0.00 0.00% $0.29 $0.285 1,278 $96.48 M -38.04%
GRV
Greenvale Mining Ltd
$0.125 0.00 0.00% $0.13 $0.125 468,460 $49.62 M -79.17%
HCD
Hydrocarbon Dynamics Ltd
$0.015 0.00 0.00% $0.015 $0.015 144,336 $8.81 M -11.77%
HHR
Hartshead Resources NL
$0.028 +0.002 +7.69% $0.028 $0.027 1,044,590 $51.93 M +40.00%
HZN
Horizon Oil Ltd
$0.135 +0.005 +3.85% $0.135 $0.133 661,286 $213.16 M +17.39%
ICN
Icon Energy Ltd
$0.021 +0.002 +10.53% $0.021 $0.021 123,731 $15.85 M +68.01%
JPR
Jupiter Energy Ltd
$0.027 0.00 0.00% $0.00 $0.00 - $4.14 M -27.03%
KAR
Karoon Energy Ltd
$1.755 +0.01 +0.57% $1.765 $1.72 1,576,010 $979.44 M +46.25%
KEY
KEY Petroleum Ltd
$0.002 0.00 0.00% $0.002 $0.002 361,587 $3.94 M -33.33%
LCK
Leigh Creek Energy Ltd
$0.17 0.00 0.00% $0.00 $0.00 - $152.74 M +3.03%
LIO
Lion Energy Ltd
$0.039 -0.001 -2.50% $0.041 $0.039 212,241 $16.62 M -9.30%
LKO
Lakes Blue Energy NL
$0.001 0.00 0.00% $0.001 $0.001 1,011,055 $46.55 M 0.00%
MAY
Melbana Energy Ltd
$0.10 -0.01 -9.09% $0.108 $0.10 6,941,199 $294.64 M +334.78%
MEC
Morphic Ethical Equities Fund Ltd
$1.03 0.00 0.00% $0.00 $0.00 - $54.9 M -16.94%
MEL
Metgasco Ltd
$0.023 -0.001 -4.17% $0.024 $0.023 842,355 $21.39 M -4.17%
NWE
Norwest Energy NL
$0.045 -0.001 -2.17% $0.046 $0.044 11,335,575 $302.11 M +400.00%
NZO
New Zealand Oil & Gas Ltd
$0.355 0.00 0.00% $0.355 $0.355 100 $79.5 M -16.47%
ODY
Odyssey Gold Ltd
$0.05 +0.003 +6.38% $0.052 $0.05 59,452 $26.62 M -45.06%
OEL
Otto Energy Ltd
$0.012 -0.001 -7.69% $0.013 $0.012 150,075 $57.54 M +33.33%
OEX
OILEX Ltd
$0.003 0.00 0.00% $0.00 $0.00 - $24.73 M -25.00%
ORG
Origin Energy Ltd
$6.12 0.00 0.00% $6.195 $6.08 3,356,888 $10.54 B +44.00%
PCL
Pancontinental Energy NL
$0.004 -0.001 -20.00% $0.005 $0.004 26,724,428 $30.22 M +100.00%
PH2
Pure Hydrogen Corporation Ltd
$0.435 +0.09 +26.09% $0.45 $0.365 1,641,831 $148.83 M +180.65%
PRM
Prominence Energy Ltd
$0.003 0.00 0.00% $0.003 $0.003 12,000 $6.06 M -80.77%
PVE
Po Valley Energy Ltd
$0.07 -0.01 -12.50% $0.077 $0.07 5,291,257 $74.84 M +180.00%
QEM
QEM Ltd
$0.22 0.00 0.00% $0.22 $0.22 179,581 $26.76 M +37.50%
ROG
Red Sky Energy Ltd
$0.005 0.00 0.00% $0.00 $0.00 - $26.51 M -44.44%
SGC
Sacgasco Ltd
$0.018 -0.001 -5.26% $0.018 $0.018 50,000 $10.94 M -59.09%
SHE
Stonehorse Energy Ltd
$0.018 +0.001 +5.88% $0.018 $0.017 1,537,272 $12.32 M -33.33%
STO
Santos Ltd
$6.96 -0.07 -1.00% $7.07 $6.96 10,815,561 $23.35 B +10.30%
STX
Strike Energy Ltd
$0.275 -0.005 -1.79% $0.285 $0.275 1,595,718 $565.61 M -11.29%
TDO
3D Oil Ltd
$0.054 0.00 0.00% $0.00 $0.00 - $14.32 M +8.00%
TEG
Triangle Energy (Global) Ltd
$0.013 +0.001 +4.17% $0.013 $0.013 716,102 $16.81 M -47.92%
TMK
TMK Energy Ltd
SPONSORED
$0.01 0.00 0.00% $0.00 $0.00 - $35.21 M +25.00%
TOU
Tlou Energy Ltd
$0.032 -0.001 -3.03% $0.033 $0.032 100,000 $19.21 M -46.67%
TPD
Talon Energy Ltd
SPONSORED
$0.135 +0.005 +3.85% $0.14 $0.125 560,028 $58.81 M -25.00%
VEA
Viva Energy Group Ltd
$2.71 +0.03 +1.12% $2.74 $2.68 3,054,069 $4.2 B +30.79%
VEN
Vintage Energy Ltd
$0.08 -0.004 -4.76% $0.082 $0.08 1,776,501 $59.74 M +14.29%
WEL
Winchester Energy Ltd
$0.013 0.00 0.00% $0.013 $0.013 828,206 $13.13 M -13.33%
WGO
Warrego Energy Ltd
$0.155 0.00 0.00% $0.155 $0.15 509,002 $189.58 M -41.51%
WPL
Woodside Petroleum Ltd
$28.99 +0.08 +0.28% $29.28 $28.81 5,867,564 $28.53 B +32.50%

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.

()

20min delayed

- (-)

Volume:
Turnover:
Market Cap:

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.

89.76

WTI

$95.70

Brent

6:08 pm 10/08 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

Excel Icon

Commodities Workbook

(Spreadsheet)

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