Oil Prices from June to August
Oil prices have risen from $66.31 to $69.96 ($3.65, 5.50%) between June and August.
June – August Graph:
Weekly Breakdown:
Week | Start Price | End Price | Difference (%) |
August 31st -September 4th | $72.74 | $68.02 | $4.72 (6.49%) |
August 24th - August 28th | $73.89 | $72.74 | $1.15 (1.56%) |
August 17th - August 21st | $67.51 | $73.89 | $6.38 (9.45%) |
August 10th - August 14th | $70.93 | $67.51 | $3.42 (4.82%) |
August 3rd - August 7th | $69.45 | $70.93 | $1.48 (2.13%) |
July 27th - July 31st | $68.05 | $69.45 | $1.40 (2.06%) |
July 20th - July 24th | $63.56 | $68.05 | $4.49 (7.06%) |
July 13th - July 17th | $59.89 | $63.56 | $3.67 (6.13%) |
July 6th - July 10th | $66.73 | $59.89 | $6.84 (10.25%) |
June 29th - July 2nd | $69.16 | $66.73 | $2.43 (3.51%) |
June 22nd - June 26th | $69.55 | $69.16 | $0.39 (0.56%) |
June 15th - June 19th | $72.04 | $69.55 | $2.49 (3.46%) |
June 8th - June 12th | $68.44 | $72.04 | $3.60 (5.26%) |
June 1st - June 5th | $66.31 | $68.44 | $2.13 (3.21%) |
Daily Breakdown:
August 31st (Monday) - Oil falls $2.78 to $69.96: The Shanghai Composite share index, China's leading stock market indicator, fell by nearly 7%.
August 28th (Friday) - Oil rises 25 cents to $72.74: The dollar fell against the euro, the pound and the Japanese yen.
August 27th (Thursday) - Oil rises $1.06 to $72.49: The dollar plunged to its lowest level in almost three weeks against the Euro. The Commerce Department left its estimate unchanged that U.S. second quarter GDP contracted by 1.0%. In addition, unemployment benefits claims dropped in the week ended August 22nd .
August 26th (Wednesday) - Oil falls 62 cents to $71.43: U.S. crude inventories rose 200,000 barrels in the week ended August 21st. Analysts had expected a decline of 2.7 million barrels.
August 25th (Tuesday) - Oil falls $2.32 to $72.05: Oil fell on profit-taking after reaching a 10-month peak of $75 earlier in the day.
August 24th (Monday) - Oil rises 48 cents to $74.37: Economic optimism carried over from last week.
August 21st (Friday) - Oil rises 98 cents to $73.89: The Dow rose 158 points after data pointed to a turnaround in the housing market. The National Association of Realtors reported an increase in home resales in July, topping forecasts.
August 20th (Thursday) - Oil rises 12 cents to $72.54: The index of leading economic indicators rose for a fourth month in July.
August 19th (Wednesday) - Oil rises $3.23 to $72.42: Oil inventories plunged a very surprising 8.4 million barrels in the week ended August 14th.
August 18th (Tuesday) - Oil rises $2.44 to $69.19: Stronger-than-expected earnings results lifted equities as Home Depot and Target beat Wall Street expectations. In addition, the dollar weakened.
August 17th (Monday) - Oil falls 76 cents to $66.75: The Dow sank 179 points. In addition, the U.S. dollar rose to a two-week high against the euro.
August 14th (Friday) - Oil falls $3.01 to $67.51: U.S. consumer confidence in early August dropped to the lowest level since March. The preliminary index of confidence decreased to 63.2, down from 66 in July, and well below the average analyst estimate of 69.
August 13th (Thursday) - Oil rises 36 cents to $70.52: The dollar index dropped to 78.429 from 78.771. In addition, the economies of Germany and France unexpectedly returned to growth in the second quarter.
August 12th (Wednesday) - Oil rises 71 cents to $70.16: The U.S. trade deficit edged up slightly in June as imports rose for the first time in 11 months. The Dow rose 126 points.
August 11th (Tuesday) - Oil falls $1.15 to $69.45: The Dow dropped nearly 93 points after the Labor Department reported that consumer spending may be depressed for some time as companies cut back
August 10th (Monday) - Oil falls 33 cents to $70.60: The Dow dipped 30 points while the US dollar gained.
August 7th (Friday) - Oil falls $1.01 to $70.93: Better-than-expected unemployment data boosted the U.S. dollar against the euro and the yen.
August 6th (Thursday) - Oil falls 3 cents to $71.94: Oil was unchanged in anticipation of tomorrow's unemployment data.
August 5th (Wednesday) - Oil rises 55 cents to $71.97: U.S. distillate fuel inventories fell by 1.0 million barrels last week.
August 4th (Tuesday) - Oil falls 16 cents to $71.42: Consumer spending rose 0.4 percent in June, but personal incomes dropped by 1.3 percent.
August 3rd (Monday) - Oil rises $2.13 to $71.58: The US dollar fell to a 10 1/2-month low. The Dow rose 113 points after the U.S. manufacturing index climbed from 44.8 to 48.9 in July, the highest since August 2008.
July 31st (Friday) - Oil rises $2.51 to $69.45: US gross domestic product fell less than expected. GDP fell at a 1 percent annual pace during the April-through-June period. The U.S. economy was forecast to shrink at a 1.5 percent pace. In addition, the dollar weakened against the euro.
July 30th (Thursday) - Oil rises $3.59 to $66.94: Wall Street surged on corporate earnings results while the U.S. dollar fell.
July 29th (Wednesday) - Oil falls $3.88 to $63.35: U.S. crude inventories rose a surprising 5.2 million-barrels in the week ended July 24th. Analysts expected a 1.5 million barrel decrease.
July 28th (Tuesday) - Oil falls $1.15 to $67.23: An index of U.S. consumer confidence dropped to 46.6 in July from 49.3 in June, below analyst expectations of 49.0.
July 27th (Monday) - Oil rises 33 cents to $68.38: New U.S. home sales rose 11 percent in June from May, the biggest month-to-month gain since December 2000.
July 24th (Friday) - Oil rises 89 cents to $68.05: The Dow continued its strong push.
July 23rd (Thursday) - Oil rises $1.76 to $67.16: Existing home sales jumped for the 3rd straight month in June. The Dow rose 187 points and surpassed the 9000 mark for the 1st time since January.
July 22nd (Wednesday) - Oil falls 21 cents to $65.40: U.S. crude oil inventories fell by 1.8 million barrels in the week ended July 17th. Analysts expected a decrease of 2.1 million barrels.
July 21st (Tuesday) - Oil rises 74 cents to $64.72: Markets continued to rise with strong earnings reports across the board.
July 20th (Monday) - Oil rises 42 cents to $63.98: U.S. stocks extended last week's rally as the Dow rose 102 points. The U.S. dollar fell to a six-week low against the euro.
July 17th (Friday) - Oil rises $1.54 to $63.56: U.S. housing starts in June increased 3.6%.
July 16th (Thursday) - Oil rises 48 cents higher to $62.02: A report showing strong economic growth in China boosted equities.
July 15th (Wednesday) - Oil rises $2.02 to $61.54: U.S. crude inventories fell a greater-than-expected 2.8 million barrels in the week ended July 10th. The U.S. dollar fell to a one-month low against a basket of six major currencies.
July 14th (Tuesday) - Oil falls 17 cents to $59.52: Consumer spending was weaker-than-expected in June.
July 13th (Monday) - Oil falls 20 cents to $59.69: Treasury Secretary Timothy Geithner warned that the American economy faces “enormous challenges.”
July 10th (Friday) - Oil falls 52 cents to $59.89: The International Energy Agency kept its prediction unchanged that global oil demand will fall 2.9% from a year ago.
July 9th (Thursday) - Oil rises 27 cents to $60.41: The number of U.S. workers filing new claims for jobless benefits fell to the lowest level since January.
July 8th (Wednesday) - Oil falls $2.79 to $60.14: U.S. gasoline stockpiles rose 1.9 million barrels in the week ended July 3rd, more than twice what analysts expected. U.S. distillate fuel stocks rose 3.74 million barrels, the biggest gain since January.
July 7th (Tuesday) - Oil falls $1.12 to $62.93: Recovery doubts continued to linger as the Dow fell 161 points.
July 6th (Monday) - Oil down $2.68 to $64.05: Doubts of an economic recovery continued to linger due to the sharp rise in June's unemployment numbers.
July 2nd (Thursday) - Oil falls $2.58 to $66.73: U.S. job losses surged to 467,000 in June, pushing the unemployment rate to a new 26-year high of 9.5 percent. The Dow dropped 222 points.
July 1st (Wednesday) - Oil falls 58 cents to $69.31: Gasoline stockpiles grew by a more-than-expected 2.3 million barrels in the week ended June 26th. Distillate fuel stockpiles rose by 2.9 million barrels to 155 million barrels overall, the highest since 1987.
June 30th (Tuesday) - Oil falls $1.60 to $69.89: U.S. economic data showed faltering consumer confidence and falling home prices.
June 29th (Monday) - Oil rises $2.33 to $71.49: Nigerian militants partly shut down an offshore oil platform belonging to Royal Dutch Shell.
June 26th (Friday) - Oil falls $1.07 to $69.16: The U.S. savings rate climbed to the highest level in more than 15 years.
June 25th (Thursday) - Oil rises $1.56 to $70.23: Oil facilities in Nigeria were attacked. US GDP shrank less than previously thought in the first 3 months of 2009. The Dow rose 173 points.
June 24th (Wednesday) - Oil falls 57 cents to $68.67: The U.S. dollar strengthened against the euro and the yen after the FOMC left interest rates unchanged. Gasoline inventories rose by a more than expected 3.9 million barrels last week.
June 23rd (Tuesday) - Oil rises $1.74 to $69.24: The dollar fell the most in a month against the euro.
June 22nd (Monday) - Oil falls $2.62 to $66.93: The World Bank said the global economy will shrink by a more-than-expected -2.9 percent this year. The Dow fell 200 points.
June 19th (Friday) - Oil falls $1.82 to $69.55: RBOB gasoline plunged 5.2% due to increasing U.S. inventories.
June 18th (Thursday) - Oil rises 34 cents to $71.37: The total number of people on the unemployment insurance rolls dropped for the first time since January.
June 17th (Wednesday) - Oil rises 56 cents to $71.03: U.S. crude oil inventories dropped by a larger-than-expected 3.9 million barrels in the week ended June 12th.
June 16th (Tuesday) - Oil falls 15 cents to $70.47: The Dow dropped 108 points after the Fed revealed U.S. industrial production slid a steeper-than-expected 1.1 percent in May from the prior month. In addition, the dollar bounced up from session lows against the Euro.
June 15th (Monday) - Oil falls $1.42 to $70.62: The U.S. dollar strengthened against the Euro. In addition, New York manufacturing slumped more-than-expected in June. The Dow slipped 187 points.
June 12th (Friday) - Oil falls 64 cents to $72.04: The U.S. dollar recovered against the euro after data showed industrial production in the 16 countries using the euro slumped in April.
June 11th (Thursday) - Oil rises $1.35 to $72.68: The International Energy Agency raised its 2009 oil demand forecast for the first time in ten months.
June 10th (Wednesday) - Oil rises $1.32 to $71.33: U.S. crude inventories plunged a more-than-expected 4.4 million barrels in the week ended June 5th.
June 9th (Tuesday) - Oil rises $1.92 to $70.01: The dollar sunk. Also, analysts expect tomorrow's EIA report to show a decline in U.S. oil stockpiles.
June 8th (Monday) - Oil falls 35 cents to $68.09: The dollar continued to strengthen against key currencies.
June 5th (Friday) - Oil falls 37 cents to $68.44: The U.S. dollar rallied strongly against key currencies.
June 4th (Thursday) - Oil rises $2.69 to $68.81: Initial jobless claims fell for the 3rd straight week and continuing claims fell for the first time since January.
June 3rd (Wednesday) - Oil falls $2.43 to $66.12: U.S. crude inventories rose an unexpected 2.9 million barrels in the week ended May 29th. Analysts expected a drop of 1.5 million barrels.
June 2nd (Tuesday) - Oil falls 3 cents to $68.55: Profit taking overshadowed a surprising April surge in U.S. pending home sales.
June 1st (Monday) - Oil rises $2.27 to $68.58: China reported its May manufacturing expanded for a third month. The Dow rose 220 points.
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