Brent Crude Oil (FRED Daily) in 2015
Brent Crude Oil (FRED Daily) opened 2015 at $55.38 and closed at $36.61, a -33.89% move for the year. The high of $66.33 was reached on May 13, and the low of $35.26 on December 22.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $55.38 | $47.52 | $55.38 | $45.13 | -14.19% |
| Feb | $51.74 | $61.89 | $61.89 | $51.74 | +19.62% |
| Mar | $60.75 | $53.69 | $61.18 | $52 | -11.62% |
| Apr | $55.73 | $63.9 | $63.97 | $55.73 | +14.66% |
| May | $64.13 | $63.16 | $66.33 | $60.12 | -1.51% |
| Jun | $62.87 | $60.31 | $64.68 | $59.03 | -4.07% |
| Jul | $61.65 | $53.29 | $61.73 | $53.29 | -13.56% |
| Aug | $49.49 | $47.97 | $49.49 | $41.59 | -3.07% |
| Sep | $48.8 | $47.29 | $50.41 | $45.87 | -3.09% |
| Oct | $47.48 | $48 | $52.13 | $45.54 | +1.10% |
| Nov | $47.91 | $43.73 | $48 | $40.28 | -8.72% |
| Dec | $42.97 | $36.61 | $42.97 | $35.26 | -14.80% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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