Historical Year Data · 2022
Brent Crude Oil (FRED Daily) in 2022
Brent Crude Oil (FRED Daily) opened 2022 at $78.25 and closed at $82.82, a +5.84% move for the year. The high of $133.18 was reached on March 8, and the low of $76.02 on December 8.
Open
$78.25
2022-01
Close
$82.82
252 data points
High
$133.18
Mar 8
Low
$76.02
Dec 8
Full Year Change
+5.84%
2021 Change
+53.35%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $78.25 | $92.35 | $92.35 | $78.25 | +18.02% |
| Feb | $90.24 | $103.08 | $103.08 | $90.24 | +14.23% |
| Mar | $110.93 | $107.29 | $133.18 | $104.61 | -3.28% |
| Apr | $106.13 | $108.36 | $110.83 | $97.92 | +2.10% |
| May | $104.94 | $125.53 | $125.53 | $102.61 | +19.62% |
| Jun | $122.2 | $119.78 | $129.2 | $114.5 | -1.98% |
| Jul | $119.21 | $111.51 | $121.8 | $106.77 | -6.46% |
| Aug | $106.09 | $96.55 | $107.19 | $95.06 | -8.99% |
| Sep | $92.24 | $88.9 | $94.22 | $82.55 | -3.62% |
| Oct | $90.68 | $93.3 | $98.88 | $89.46 | +2.89% |
| Nov | $95.12 | $85.61 | $99.87 | $83.22 | -10.00% |
| Dec | $86.28 | $82.82 | $86.54 | $76.02 | -4.01% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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