Historical Year Data · 1999
WTI Crude Oil (FRED Daily) in 1999
WTI Crude Oil (FRED Daily) opened 1999 at $12.42 and closed at $25.76, a +107.41% move for the year. The high of $28.03 was reached on November 22, and the low of $11.38 on February 16.
Open
$12.42
1999-01
Close
$25.76
251 data points
High
$28.03
Nov 22
Low
$11.38
Feb 16
Full Year Change
+107.41%
1998 Change
-30.27%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $12.42 | $12.81 | $13.43 | $11.82 | +3.14% |
| Feb | $12.36 | $12.31 | $12.61 | $11.38 | -0.40% |
| Mar | $12.28 | $16.66 | $16.66 | $12.28 | +35.67% |
| Apr | $16.65 | $18.69 | $18.69 | $15.92 | +12.25% |
| May | $18.83 | $16.85 | $18.94 | $16.77 | -10.52% |
| Jun | $16.31 | $19.33 | $19.33 | $16.31 | +18.52% |
| Jul | $19.39 | $20.52 | $21.09 | $19.38 | +5.83% |
| Aug | $20.46 | $22.15 | $22.15 | $20.21 | +8.26% |
| Sep | $21.79 | $24.54 | $24.81 | $21.54 | +12.62% |
| Oct | $24.51 | $21.79 | $24.51 | $20.81 | -11.10% |
| Nov | $22.44 | $24.87 | $28.03 | $22.44 | +10.83% |
| Dec | $25.01 | $25.76 | $26.81 | $25.01 | +3.00% |
Events During 1999
1990 Japanese Bubble Collapse
Deflation
January 1990 – 2003
The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.
1998 Euro Launch & 1999 Introduction
Goldilocks
May 1998 – January 2002
Eleven European Union members locked exchange rates on January 1, 1999, creating the euro as a virtual currency. Physical notes and coins circulated from January 1, 2002. The euro became the largest monetary experiment since Bretton Woods.
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