Historical Year Data · 2016
WTI Crude Oil (FRED Daily) in 2016
WTI Crude Oil (FRED Daily) opened 2016 at $36.81 and closed at $53.75, a +46.02% move for the year. The high of $54.01 was reached on December 28, and the low of $26.19 on February 11.
Open
$36.81
2016-01
Close
$53.75
252 data points
High
$54.01
Dec 28
Low
$26.19
Feb 11
Full Year Change
+46.02%
2015 Change
-29.57%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $36.81 | $33.66 | $36.81 | $26.68 | -8.56% |
| Feb | $31.62 | $32.74 | $32.74 | $26.19 | +3.54% |
| Mar | $34.39 | $36.94 | $41.45 | $34.39 | +7.41% |
| Apr | $35.36 | $45.98 | $46.03 | $34.3 | +30.03% |
| May | $44.75 | $49.1 | $49.36 | $43.45 | +9.72% |
| Jun | $49.07 | $48.27 | $51.23 | $45.8 | -1.63% |
| Jul | $49.02 | $41.54 | $49.02 | $41.13 | -15.26% |
| Aug | $40.05 | $44.68 | $48.48 | $39.5 | +11.56% |
| Sep | $43.17 | $47.72 | $47.72 | $43.04 | +10.54% |
| Oct | $48.8 | $46.83 | $51.59 | $46.83 | -4.04% |
| Nov | $46.66 | $49.41 | $49.41 | $43.29 | +5.89% |
| Dec | $51.08 | $53.75 | $54.01 | $49.85 | +5.23% |
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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