Historical Year Data · 2016
Brent Crude Oil (FRED Daily) in 2016
Brent Crude Oil (FRED Daily) opened 2016 at $36.28 and closed at $54.96, a +51.49% move for the year. The high of $54.97 was reached on December 29, and the low of $26.01 on January 20.
Open
$36.28
2016-01
Close
$54.96
255 data points
High
$54.97
Dec 29
Low
$26.01
Jan 20
Full Year Change
+51.49%
2015 Change
-33.89%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $36.28 | $33.14 | $36.28 | $26.01 | -8.65% |
| Feb | $32.45 | $35.92 | $35.92 | $28.82 | +10.69% |
| Mar | $35.73 | $36.75 | $40.54 | $35.73 | +2.85% |
| Apr | $36.42 | $45.64 | $45.64 | $35.88 | +25.32% |
| May | $45.82 | $49.26 | $49.52 | $42.43 | +7.51% |
| Jun | $48.81 | $48.05 | $50.73 | $45.07 | -1.56% |
| Jul | $47.65 | $40.76 | $48.02 | $40.76 | -14.46% |
| Aug | $40.17 | $47.94 | $49.66 | $40 | +19.34% |
| Sep | $45.05 | $48.24 | $49.23 | $44.95 | +7.08% |
| Oct | $48.61 | $46.2 | $51.85 | $46.2 | -4.96% |
| Nov | $45.77 | $47.95 | $47.95 | $41.61 | +4.76% |
| Dec | $52.28 | $54.96 | $54.97 | $51.6 | +5.13% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
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.
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