Price of Brent crude
shared by W.E.R.I on Jun 30
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--- Commodity prices ---
Average commodity prices in 2012 were similar to those of the previous year. Nonetheless, developments in the global economic and political arena, as well as natural disturban...
ces, created wide fluctuations in prices. Improved conditions for oil supply in the face of subdued growth in demand are keeping oil prices in check, though continuing geopolitical tensions hold the potential to disturb the balance. Food prices remain stable as adequate supplies calm the markets, but the risk of price spikes persists amid low food stocks.
--- Recent oil price movements ---
International benchmark Brent crude averaged $112 per barrel in 2012, just a dollar higher than the previous year’s average.
Crude prices edged higher as the year drew to a close because of higher seasonal demand in December and continuing geopolitical tensions. Ending 2012 at $113 per barrel, oil prices continued to strengthen in the first 2 months of 2013 to reach levels close to what they reached the year before. Brent crude spot prices hit $120.50 in mid-February, for an increase of 6% in less than 2 months from the year-end figure and just $7.50 below the February 2012 peak of $128 (Figure A1.18).
--- Source: Bloomberg (accessed 16 March 2013).
Source
http://www.b...m/markets/Category
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