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Crude Oil

Commodity · USD/bbl
109.61
0.04
(0.04%)
DAY HIGH
110.90
DAY LOW
105.13
PREV CLOSE
109.63
1 YR RETURN
+67.83%
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 +2.90 +2.72%
1 Month +2.02 +1.88%
3 Month +18.67 +20.53%
6 Month +31.24 +39.86%
1 Year +44.30 +67.83%

1:14 am 20/05 AEST USD/bbl

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ASX Oil Companies

Closed - 05/2022
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Company Price Chg % Chg High Low Volume Mkt Cap 1 Year
88E 88 Energy Ltd
$0.012 0.00 0.00% $0.012 $0.011 32,237,833 $190.62 M -52.00%
ADX ADX Energy Ltd
$0.008 0.00 0.00% $0.008 $0.007 4,071,151 $24.37 M 0.00%
AFA Asf Group Ltd
$0.04 0.00 0.00% $0.00 $0.00 - $31.71 M -50.00%
AJQ Armour Energy Ltd
$0.007 0.00 0.00% $0.007 $0.007 1,011,953 $14.28 M -75.00%
ATS Australis Oil & Gas Ltd
$0.058 -0.002 -3.33% $0.059 $0.056 999,714 $71.83 M +23.40%
AXP AXP Energy Ltd
$0.006 0.00 0.00% $0.006 $0.006 7,520,688 $34.87 M +50.00%
BAS Bass Oil Ltd
$0.047 0.00 0.00% $0.049 $0.047 295,347 $8.39 M -21.67%
BHP BHP Group Ltd
$46.23 -0.78 -1.66% $46.45 $45.72 9,117,986 $234.03 B -5.25%
BLU Blue Energy Ltd
$0.076 -0.004 -5.00% $0.078 $0.074 1,987,578 $116.14 M -12.64%
BNL Blue Star Helium Ltd
$0.03 -0.002 -6.25% $0.031 $0.029 2,762,026 $47.59 M -3.23%
BPT Beach Energy Ltd
$1.655 -0.045 -2.65% $1.665 $1.57 11,332,422 $3.78 B +27.80%
BRU Buru Energy Ltd
$0.17 0.00 0.00% $0.175 $0.17 276,973 $91.54 M +13.33%
BUY Bounty Oil & Gas NL
$0.009 +0.001 +6.25% $0.009 $0.009 1,743,502 $11.65 M -69.64%
BYE Byron Energy Ltd
$0.175 -0.01 -5.41% $0.183 $0.17 662,643 $189.24 M +52.17%
CEL Challenger Exploration Ltd
$0.27 -0.01 -3.57% $0.28 $0.26 597,802 $271.1 M -6.90%
COE Cooper Energy Ltd
$0.275 0.00 0.00% $0.275 $0.268 1,729,853 $449 M +5.77%
CVN Carnarvon Energy Ltd
$0.23 0.00 0.00% $0.235 $0.225 2,723,062 $414.04 M -13.21%
DOR Doriemus Plc
$0.09 0.00 0.00% $0.00 $0.00 - $10.83 M +104.04%
DOW Downer Edi Ltd
$5.63 -0.11 -1.92% $5.67 $5.58 1,214,147 $3.8 B +4.45%
EEG Empire Energy Group Ltd
$0.27 -0.01 -3.57% $0.278 $0.27 92,919 $165.77 M -15.63%
EMP Emperor Energy Ltd
$0.042 -0.002 -4.55% $0.043 $0.041 1,008,649 $9.45 M +20.00%
EXR Elixir Energy Ltd
SPONSORED $0.15 +0.005 +3.45% $0.15 $0.145 525,024 $133.76 M -57.14%
FAR FAR Ltd
$0.81 +0.02 +2.53% $0.81 $0.785 364,795 $80.83 M -26.36%
FME Future Metals NL
$0.17 +0.005 +3.03% $0.175 $0.165 413,463 $50.75 M +900.00%
FZR Fitzroy River Corporation Ltd
$0.155 0.00 0.00% $0.00 $0.00 - $16.73 M +10.71%
GGE Grand Gulf Energy Ltd
$0.037 -0.004 -9.76% $0.039 $0.035 26,195,677 $57.22 M +270.00%
GGX GAS2GRID Ltd
$0.003 0.00 0.00% $0.00 $0.00 - $10.15 M -4.76%
GLL Galilee Energy Ltd
$0.31 0.00 0.00% $0.00 $0.00 - $104.95 M -57.24%
GRV Greenvale Mining Ltd
$0.18 -0.005 -2.70% $0.18 $0.17 38,460 $71.45 M -29.41%
HCD Hydrocarbon Dynamics Ltd
$0.023 -0.004 -14.82% $0.026 $0.023 7,007,670 $13.5 M +15.00%
HHR Hartshead Resources NL
$0.02 0.00 0.00% $0.02 $0.02 108,695 $37.1 M -4.76%
HZN Horizon Oil Ltd
$0.135 -0.005 -3.57% $0.135 $0.13 205,150 $213.16 M +114.89%
ICN Icon Energy Ltd
$0.018 -0.001 -5.26% $0.019 $0.018 60,000 $13.59 M -1.81%
JPR Jupiter Energy Ltd
$0.03 0.00 0.00% $0.00 $0.00 - $4.6 M -28.57%
KAR Karoon Energy Ltd
$1.885 -0.005 -0.27% $1.89 $1.835 2,529,143 $1.05 B +47.84%
KEY KEY Petroleum Ltd
$0.002 0.00 0.00% $0.002 $0.002 85,000 $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 0.00 0.00% $0.039 $0.037 262,678 $16.62 M -26.42%
LKO Lakes Blue Energy NL
$0.001 0.00 0.00% $0.001 $0.001 21,110,000 $45.04 M 0.00%
MAY Melbana Energy Ltd
$0.10 0.00 0.00% $0.105 $0.093 26,151,633 $287.28 M +406.12%
MEC Morphic Ethical Equities Fund Ltd
$1.05 -0.04 -3.67% $1.07 $1.05 14,007 $55.89 M -8.70%
MEL Metgasco Ltd
$0.026 0.00 0.00% $0.027 $0.026 737,106 $24.18 M +12.20%
NWE Norwest Energy NL
$0.033 -0.002 -5.71% $0.035 $0.033 10,058,014 $221.35 M +312.50%
NZO New Zealand Oil & Gas Ltd
$0.405 0.00 0.00% $0.00 $0.00 - $66.59 M +3.85%
ODY Odyssey Gold Ltd
$0.046 0.00 0.00% $0.00 $0.00 - $24.49 M -68.28%
OEL Otto Energy Ltd
$0.015 -0.001 -3.33% $0.015 $0.014 155,000 $69.53 M +61.11%
OEX OILEX Ltd
$0.003 -0.001 -14.29% $0.003 $0.003 125,001 $21.5 M -25.00%
ORG Origin Energy Ltd
$6.91 -0.07 -1.00% $6.93 $6.82 6,337,217 $12.17 B +77.18%
PCL Pancontinental Energy NL
$0.009 0.00 0.00% $0.009 $0.008 5,700,637 $64.39 M +350.00%
PH2 Pure Hydrogen Corporation Ltd
$0.36 -0.015 -4.00% $0.365 $0.355 551,905 $123.15 M +80.00%
PRM Prominence Energy Ltd
$0.01 -0.001 -9.09% $0.011 $0.01 30,548,451 $24.25 M -9.09%
PVE Po Valley Energy Ltd
$0.029 0.00 0.00% $0.00 $0.00 - $31.01 M -11.97%
QEM QEM Ltd
$0.195 -0.01 -4.88% $0.20 $0.19 284,703 $23.72 M +11.43%
ROG Red Sky Energy Ltd
$0.006 -0.001 -14.29% $0.007 $0.006 3,744,634 $31.81 M -25.00%
SGC Sacgasco Ltd
$0.022 -0.002 -8.33% $0.023 $0.021 1,521,539 $13.28 M -24.14%
SHE Stonehorse Energy Ltd
$0.018 0.00 0.00% $0.018 $0.017 4,161,167 $12.32 M -21.74%
STO Santos Ltd
$8.21 -0.05 -0.61% $8.27 $8.12 15,033,478 $27.81 B +16.79%
STX Strike Energy Ltd
$0.31 +0.005 +1.64% $0.32 $0.29 5,112,721 $627.78 M -8.82%
TDO 3D Oil Ltd
$0.047 -0.002 -4.08% $0.049 $0.047 343,158 $12.46 M -9.62%
TEG Triangle Energy (Global) Ltd
$0.013 0.00 0.00% $0.013 $0.012 2,870,748 $17.36 M -50.00%
TMK TMK Energy Ltd
SPONSORED $0.01 0.00 0.00% $0.011 $0.01 2,967,658 $28.8 M 0.00%
TOU Tlou Energy Ltd
$0.035 +0.001 +2.94% $0.035 $0.035 7,867 $21.01 M -27.08%
TPD Talon Energy Ltd
SPONSORED $0.007 -0.001 -12.50% $0.008 $0.007 12,781,199 $58.78 M 0.00%
VEA Viva Energy Group Ltd
$2.81 -0.01 -0.36% $2.835 $2.80 5,357,280 $4.36 B +38.51%
VEN Vintage Energy Ltd
$0.086 -0.003 -3.37% $0.088 $0.085 411,736 $64.17 M +43.33%
WEL Winchester Energy Ltd
$0.014 0.00 0.00% $0.00 $0.00 - $14.14 M -26.32%
WGO Warrego Energy Ltd
$0.13 -0.005 -3.70% $0.13 $0.125 122,480 $159.01 M -48.00%
WPL Woodside Petroleum Ltd
$29.89 -0.87 -2.83% $30.28 $29.58 7,816,584 $29.41 B +33.44%

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.

109.61

WTI

$109.76

Brent

1:14 am 20/05 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.