Brent And WTI Monthly Spot Prices

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This dataset consists of Europe Brent and WTI (Western Texas Intermediate) monthly spot prices from EIA U.S. (Energy Information Administration). Monthly prices are calculated by EIA (U.S. Energy Information Administration) from daily data by taking an unweighted average of the daily closing spot prices for a given product over the specified time period. Spot price is the price for a one-time open market transaction for immediate delivery of a specific quantity of product at a specific location where the commodity is purchased “on the spot” at current market rates.

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Brent is a blended crude stream produced in the North Sea region which serves as a reference or “marker” for pricing a number of other crude streams.

West Texas Intermediate (WTI), also known as Texas light sweet, is a grade of crude oil produced in Texas and southern Oklahoma which serves as a reference or “marker” for pricing a number of other crude streams and which is traded in the domestic spot market at Cushing, Oklahoma. This grade is described as light because of its relatively low density, and sweet because of its low sulfur content. It is the underlying commodity of New York Mercantile Exchange’s oil futures contracts.

The price of WTI is often referenced in news reports on oil prices, alongside the price of Brent crude from the North Sea. Other important oil markers include the Dubai Crude, Oman Crude, Urals oil and the OPEC Reference Basket. WTI is lighter and sweeter than Brent, and considerably lighter and sweeter than Dubai or Oman.

Date Created

2017-07-26

Last Modified

2017-07-26

Version

2017-07-26

Update Frequency

Monthly

Temporal Coverage

1986-01 to 2017-06

Spatial Coverage

N/A

Source

John Snow Labs => U.S. Energy Information Administration (EIA)

Source License URL

John Snow Labs Standard License

Source License Requirements

N/A

Source Citation

N/A

Keywords

EIA Data, Crude Oil, Crude Oil Prices, Brent Spot Price, WTI, WTI Spot Price, Monthly Spot Prices, Spot Prices, West Texas Intermediate, Brent Price

Other Titles

Monthly Spot Prices of Brent And WTI, Spot Prices of Brent And WTI on Monthly Basis, Monthly Spot Prices Brent And WTI by EIA

NameDescriptionTypeConstraints
DateSpot Price by Monthdaterequired : 1
WTI_Spot_PriceCushing, Oklahoma WTI (West Texas Intermediate) Spot Price FOB (Free On Board) in "Dollars per Barrel"numberrequired : 1
Brent_Spot_PriceEurope Brent Spot Price FOB (Free On Board) in "Dollars per Barrel"number-
DateWTI_Spot_PriceBrent_Spot_Price
1986-0815.1
1986-1014.9
1987-0318.3
1986-0122.93
1986-0215.46
1986-0215.46
1986-0215.46
1986-0215.46
1986-0215.46
1986-0215.46
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