Historical Year Data · 2022
WTI Crude Oil in 2022
WTI Crude Oil opened 2022 at $76.08 and closed at $80.26, a +5.49% move for the year. The high of $123.7 was reached on March 8, and the low of $71.02 on December 9.
Open
$76.08
2022-01
Close
$80.26
251 data points
High
$123.7
Mar 8
Low
$71.02
Dec 9
Full Year Change
+5.49%
2021 Change
+28.24%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $76.08 | $88.15 | $88.15 | $76.08 | +15.86% |
| Feb | $88.2 | $95.72 | $95.72 | $88.2 | +8.53% |
| Mar | $103.41 | $100.28 | $123.7 | $95.04 | -3.03% |
| Apr | $99.27 | $104.69 | $108.21 | $94.29 | +5.46% |
| May | $105.17 | $114.67 | $115.07 | $99.76 | +9.03% |
| Jun | $115.26 | $105.76 | $122.11 | $104.27 | -8.24% |
| Jul | $108.43 | $98.62 | $108.43 | $94.7 | -9.05% |
| Aug | $93.89 | $89.55 | $97.01 | $86.53 | -4.62% |
| Sep | $86.61 | $79.49 | $88.48 | $76.71 | -8.22% |
| Oct | $83.63 | $86.53 | $92.64 | $82.82 | +3.47% |
| Nov | $88.37 | $80.55 | $92.61 | $76.28 | -8.85% |
| Dec | $81.22 | $80.26 | $81.22 | $71.02 | -1.18% |
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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