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Crude Oil

Commodity · USD/bbl
76.25
-0.27
(-0.35%)
DAY HIGH
76.68
DAY LOW
76.05
PREV CLOSE
76.22
1 YR RETURN
-2.44%
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 -1.93 -2.47%
1 Month -1.98 -2.53%
3 Month +1.39 +1.86%
6 Month -3.96 -4.94%
1 Year -1.91 -2.44%

6:14 pm 26/02 AEDT USD/bbl

ASX Oil Companies

Closed - 02/2024
-
Company Price Chg % Chg High Low Volume Mkt Cap 1 Year
88E
88 Energy Ltd
$0.006 0.00 0.00% $0.006 $0.005 30,833,307 $148.35 M -53.24%
ADX
ADX Energy Ltd
$0.110 -0.01 -8.33% $0.120 $0.110 690,265 $47.13 M +37.50%
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
$0.016 0.00 0.00% $0.016 $0.016 885 $20.43 M -63.64%
AXP
AXP Energy Ltd
$0.001 0.00 0.00% $0.001 $0.001 500,000 $5.82 M -66.67%
BAS
Bass Oil Ltd
$0.059 -0.003 -4.84% $0.059 $0.059 44,256 $15.84 M -64.24%
BHP
BHP Group Ltd
$43.97 -0.58 -1.30% $44.66 $43.81 7,595,615 $222.87 B -4.29%
BLU
Blue Energy Ltd
$0.015 -0.001 -6.25% $0.015 $0.014 1,155,469 $27.76 M -68.75%
BNL
Blue Star Helium Ltd
$0.011 +0.002 +22.22% $0.011 $0.009 4,218,165 $21.36 M -66.67%
BPT
Beach Energy Ltd
$1.65 -0.04 -2.37% $1.70 $1.65 6,769,590 $3.76 B +13.79%
BRU
Buru Energy Ltd
$0.110 0.00 0.00% $0.115 $0.110 241,672 $73.85 M -4.35%
BUY
Bounty Oil & Gas NL
$0.007 0.00 0.00% $0.000 $0.000 - $9.74 M -31.58%
BYE
Byron Energy Ltd
$0.091 0.00 0.00% $0.092 $0.089 338,231 $98.17 M -3.19%
CEL
Challenger Gold Ltd
$0.075 0.00 0.00% $0.076 $0.075 104,307 $94.59 M -46.43%
COE
Cooper Energy Ltd
$0.150 0.00 0.00% $0.155 $0.145 2,553,447 $396.01 M -6.25%
CVN
Carnarvon Energy Ltd
$0.190 0.00 0.00% $0.195 $0.185 1,397,215 $341.56 M +31.03%
DOR
Doriemus Plc
$0.055 0.00 0.00% $0.000 $0.000 - $6.62 M 0.00%
DOW
Downer Edi Ltd
$5.04 +0.07 +1.41% $5.04 $4.97 2,356,524 $3.38 B +27.27%
EEG
Empire Energy Group Ltd
$0.180 -0.005 -2.70% $0.180 $0.180 549,999 $139.16 M 0.00%
EMP
Emperor Energy Ltd
$0.013 -0.001 -7.14% $0.014 $0.013 30,000 $4.43 M -35.00%
EXR
Elixir Energy Ltd
$0.072 0.00 0.00% $0.072 $0.071 922,629 $81.55 M -46.67%
FAR
FAR Ltd
$0.380 0.00 0.00% $0.380 $0.373 141,033 $35.12 M -47.59%
FME
Future Metals NL
$0.028 -0.001 -3.45% $0.028 $0.028 461,772 $12.82 M -59.74%
FZR
Fitzroy River Corporation Ltd
$0.125 -0.005 -3.85% $0.130 $0.125 9,000 $13.49 M -7.41%
GGE
Grand Gulf Energy Ltd
$0.008 +0.001 +14.29% $0.008 $0.007 3,072,140 $16.76 M -69.81%
GGX
GAS2GRID Ltd
$0.001 0.00 0.00% $0.000 $0.000 - $4.08 M -50.00%
GLL
Galilee Energy Ltd
$0.039 0.00 0.00% $0.039 $0.039 20,003 $13.24 M -73.10%
GRV
Greenvale Energy Ltd
$0.070 -0.006 -7.90% $0.077 $0.065 326,468 $30.81 M -46.15%
HCD
Hydrocarbon Dynamics Ltd
$0.004 0.00 0.00% $0.000 $0.000 - $3.23 M -69.23%
HHR
Hartshead Resources NL
$0.012 -0.001 -7.69% $0.013 $0.012 16,373,193 $33.7 M -65.71%
HZN
Horizon Oil Ltd
$0.165 0.00 0.00% $0.165 $0.160 563,297 $267.03 M 0.00%
ICN
Icon Energy Ltd
$0.006 0.00 0.00% $0.000 $0.000 - $4.61 M -57.14%
JPR
Jupiter Energy Ltd
$0.024 -0.001 -4.00% $0.024 $0.024 66,895 $30.57 M -36.84%
KAR
Karoon Energy Ltd
$1.88 -0.045 -2.34% $1.93 $1.88 2,615,975 $1.51 B -17.09%
KEY
KEY Petroleum Ltd
$0.001 0.00 0.00% $0.000 $0.000 - $2.26 M -33.33%
LCK
Leigh Creek Energy Ltd
$0.170 0.00 0.00% $0.000 $0.000 - $152.74 M +3.03%
LIO
Lion Energy Ltd
$0.023 -0.001 -4.17% $0.026 $0.022 175,711 $10.05 M -34.29%
LKO
Lakes Blue Energy NL
$0.000 0.00 0.00% $0.000 $0.000 - $0 0.00%
MAY
Melbana Energy Ltd
$0.061 0.00 0.00% $0.061 $0.060 892,200 $205.58 M -23.75%
MEL
Metgasco Ltd
$0.007 0.00 0.00% $0.007 $0.007 2,416,796 $7.45 M -69.57%
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
$0.370 0.00 0.00% $0.000 $0.000 - $82.86 M -6.33%
ODY
Odyssey Gold Ltd
$0.019 0.00 0.00% $0.019 $0.019 47,500 $17.08 M -42.42%
OEL
Otto Energy Ltd
$0.015 0.00 0.00% $0.015 $0.015 1,353,110 $71.93 M +25.00%
OEX
OILEX Ltd
$0.003 0.00 0.00% $0.000 $0.000 - $24.73 M -25.00%
OMA
Omega Oil & Gas Ltd
$0.150 0.00 0.00% $0.150 $0.150 206,248 $40.99 M -21.05%
OOO
Betashares Crude Oil INDEX ETF-Currency Hedged (Synthetic)
$5.56 -0.14 -2.46% $5.59 $5.55 77,614 $138.12 M +5.30%
ORG
Origin Energy Ltd
$9.04 -0.03 -0.33% $9.11 $8.97 3,008,167 $15.57 B +11.88%
PCL
Pancontinental Energy NL
$0.020 -0.001 -4.76% $0.021 $0.020 4,860,267 $161.35 M +66.67%
PH2
Pure Hydrogen Corporation Ltd
$0.105 -0.005 -4.55% $0.110 $0.105 338,871 $37.64 M -38.24%
PRM
Prominence Energy Ltd
$0.011 0.00 0.00% $0.011 $0.011 63,206 $1.72 M -72.50%
PVE
Po Valley Energy Ltd
$0.037 0.00 0.00% $0.037 $0.037 100,000 $42.88 M -52.56%
QEM
QEM Ltd
$0.150 0.00 0.00% $0.150 $0.150 8,000 $22.71 M -23.08%
ROG
Red Sky Energy Ltd
$0.005 0.00 0.00% $0.005 $0.004 1,197,190 $27.11 M 0.00%
SGC
Sacgasco Ltd
$0.013 +0.001 +8.33% $0.013 $0.012 4,776,163 $10.14 M 0.00%
SHE
Stonehorse Energy Ltd
$0.013 -0.002 -13.33% $0.013 $0.013 120,000 $8.9 M -13.33%
STO
Santos Ltd
$7.03 -0.39 -5.26% $7.18 $7.03 13,915,523 $22.83 B +0.29%
STX
Strike Energy Ltd
$0.215 0.00 0.00% $0.220 $0.205 21,279,270 $615.38 M -35.82%
TDO
3D Energi Ltd
$0.053 +0.001 +1.92% $0.054 $0.052 68,979 $17.57 M -3.64%
TEG
Triangle Energy (Global) Ltd
$0.016 -0.001 -5.88% $0.016 $0.016 4,691,563 $22.42 M -15.79%
TMK
TMK Energy Ltd
$0.004 0.00 0.00% $0.005 $0.004 3,525,795 $24.49 M -75.00%
TOU
Tlou Energy Ltd
$0.030 +0.001 +3.45% $0.030 $0.030 83,299 $32.3 M -9.09%
TPD
Talon Energy Ltd
$0.210 0.00 0.00% $0.000 $0.000 - $140.17 M +44.41%
VEA
Viva Energy Group Ltd
$3.43 -0.08 -2.28% $3.52 $3.38 4,937,011 $5.3 B +12.46%
VEN
Vintage Energy Ltd
$0.020 -0.001 -4.76% $0.021 $0.020 2,693,347 $17.4 M -77.37%
WDS
Woodside Energy Group Ltd
$30.00 -0.51 -1.67% $30.30 $29.92 4,081,574 $56.96 B -13.30%
WEL
Winchester Energy Ltd
$0.002 0.00 0.00% $0.000 $0.000 - $2.04 M -75.00%
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.

76.25

WTI

$81.47

Brent

6:14 pm 26/02 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.