Historical Year Data · 2022
WTI Crude Oil (FRED Daily) in 2022
WTI Crude Oil (FRED Daily) opened 2022 at $75.99 and closed at $80.16, a +5.49% move for the year. The high of $123.64 was reached on March 8, and the low of $71.05 on December 9.
Open
$75.99
2022-01
Close
$80.16
251 data points
High
$123.64
Mar 8
Low
$71.05
Dec 9
Full Year Change
+5.49%
2021 Change
+58.69%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $75.99 | $89.16 | $89.16 | $75.99 | +17.33% |
| Feb | $88.22 | $96.13 | $96.13 | $88.16 | +8.97% |
| Mar | $103.66 | $100.53 | $123.64 | $94.85 | -3.02% |
| Apr | $99.32 | $104.59 | $108.24 | $94.22 | +5.31% |
| May | $105.18 | $114.38 | $116.19 | $99.74 | +8.75% |
| Jun | $115.26 | $107.76 | $121.94 | $105.75 | -6.51% |
| Jul | $110.3 | $101.31 | $110.3 | $97.69 | -8.15% |
| Aug | $96.59 | $90.09 | $97.4 | $89.23 | -6.73% |
| Sep | $87.09 | $79.91 | $88.88 | $77.17 | -8.24% |
| Oct | $84.05 | $86.54 | $93.07 | $83.29 | +2.96% |
| Nov | $88.36 | $80.48 | $92.58 | $76.45 | -8.92% |
| Dec | $81.06 | $80.16 | $81.06 | $71.05 | -1.11% |
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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