WTI Crude Oil (FRED Daily) in 2015
WTI Crude Oil (FRED Daily) opened 2015 at $52.72 and closed at $37.13, a -29.57% move for the year. The high of $61.36 was reached on June 10, and the low of $34.55 on December 21.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $52.72 | $47.79 | $52.72 | $44.08 | -9.35% |
| Feb | $49.25 | $49.84 | $53.56 | $47.65 | +1.20% |
| Mar | $49.59 | $47.72 | $51.53 | $43.39 | -3.77% |
| Apr | $50.12 | $59.62 | $59.62 | $49.13 | +18.95% |
| May | $59.1 | $60.25 | $60.93 | $57.29 | +1.95% |
| Jun | $60.24 | $59.48 | $61.36 | $58 | -1.26% |
| Jul | $56.94 | $47.11 | $56.94 | $47.11 | -17.26% |
| Aug | $45.25 | $49.2 | $49.2 | $38.22 | +8.73% |
| Sep | $45.38 | $45.06 | $47.12 | $44.07 | -0.71% |
| Oct | $44.75 | $46.6 | $49.67 | $43.19 | +4.13% |
| Nov | $46.12 | $40.43 | $47.88 | $39.27 | -12.34% |
| Dec | $40.58 | $37.13 | $41.08 | $34.55 | -8.50% |
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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