The Average Crude Oil Spot Price calculates an equally weighted price of the WTI Crude Oil Price, Brent Crude Oil Price, and Dubai Crude Oil Price. This metric gives a nice overview of the broad crude oil market, rather than looking at one type of crude oil price alone. One of the most notable times for the Average Crude Oil Spot Price was in 2008. Prices for the Average Crude reached as high as $114/barrel because of large cuts in production. However, because of the financial crisis and an abrupt loss of demand for oil globally, the price of Average Crude fell as much at 70% off highs in January of 2009.
Average Crude Oil Spot Price is at a current level of 88.22, down from 95.97 last month and up from 72.80 one year ago. This is a change of -8.08% from last month and 21.18% from one year ago.
Summary
Charts
News
Spot
Compare
Contract Details
Historical Data
Crude Oil Rate
(Expiry: 19-Oct-2022 | Exchange: MCX | Head: Oil & Energy)
04.28AM IST | 06 Oct, 2022
- 7041.0Per 1 BBL
- Change
-17.00 (-0.24%)
- Volume19583
- Open7040.0
- Prv. Close7058.00
- Spot7045.00
Day's Trend
- Day:
6987.07156.0
- Contract:
6292.007746.00
- Average Price (Rs/1 BBL):7078.88
- Open Interest (Contracts):6950
- Open Interest Change %:4.50%
- Best Buy Price (Rs/QTY):7041.0/6
- Prem/Disc:
- Spread:
- Unit:BBL
- Lot Size:100
- Tick Size:100
- Best Sell Price (Rs/QTY):7044.0/4
CRUDEOIL News
OPEC+ panel recommends 2 million-barrel cut to output limits | News
5 Oct, 2022, 07.13 PM
The recommendation from the cartel’s Joint Ministerial Monitoring Committee will be discussed by ministers later on Wednesday before they make a final policy decision, delegates said, asking not to be named because the information is private.
Top oil traders see steady demand despite economic headwinds | News
4 Oct, 2022, 04.18 PM
The falling oil prices and months of severe volatility have spooked the market, with major consumer countries still tapping strategic stocks to cool prices while top exporters in the OPEC+ alliance may take the opposite view and boost output this week.
Gas prices hiked 40%; CNG, PNG to cost more | News
1 Oct, 2022, 07.16 AM
Simultaneously, the price of gas from difficult and newer fields like the ones in Reliance Industries Ltd and its partner bp plc operated deepsea D6 block in KG basin, was hiked to USD 12.6 per mmBtu from USD 9.92, the order said.
Oil rises towards $90 as OPEC+ considers output cut | News
29 Sep, 2022, 04.47 PM
Both crude benchmarks had rebounded in the previous two sessions from nine-month lows earlier in the week, buoyed by a temporary dive in the dollar index and a larger than expected U.S. fuel inventory drawdown.
Oil prices fall amid strong dollar, economic concerns | News
29 Sep, 2022, 08.50 AM
The dollar trended upward on Thursday morning, after hitting a fresh two-decade peak against a basket of currencies on Wednesday before pulling back. A strong dollar reduces demand for oil by making it more expensive for buyers using other currencies.
Oil prices mixed as Hurricane Ian output cuts support, dollar weighs | News
28 Sep, 2022, 11.08 PM
While U.S. crude oil in storage rose by about 4.2 million barrels for the week ended Sept. 23, according to market sources on Tuesday citing figures from industry group the American Petroleum Institute, gasoline inventories fell by about 1 million barrels.
Palm oil at 1-year low, but companies yet to pass on benefits | News
27 Sep, 2022, 06.55 AM
Companies including Hindustan Unilever, the market leader in several product categories, and Nestle have red-flagged steep inflation across core commodities as the single biggest factor impacting their bottom lines over the past one year.
Hot/Cold Crude Oil Contract
CRUDEOIL (MCX)
19 October 2022
Today's Volume : 39117Change : 8.22%
CRUDEOIL Spot Rate Details
Places
Price (Rs)
Unit
% CHG
W | M | Y
Prem/Disc
Prem/Disc (Trend)
CRUDEOIL vs Other Oil & Energy
Commodity
Expiry
Price / Unit
Percentage Change
Week
Contract
27-Sep-2022
550.60/1 mmBtu
-11.45
6.91
26-Oct-2022
567.50/1 mmBtu
0.57
-19.81
25-Nov-2022
593.60/1 mmBtu
1.56
-23.03
27-Dec-2022
604.40/1 mmBtu
-0.26
-0.59
CRUDEOIL vs Peers (Intraday Range)
LowestHighest
-1.111.55
-0.45
CRUDEOIL vs Peers (Contract Range)
LowestHighest
-22.988.46
-6.72
CRUDEOIL (18-Nov-2022) vs CRUDEOIL Other Contracts
Expiry
Price / Unit
Day% Chg
Week%
Contract%
Day L/H
Contract L/H
Volume
Prem/Disc
18-Nov-2022
7008.00/1 BBL
5.18
1.20
1006
-37.00
19-Dec-2022
6922.00/1 BBL
4.97
7.99
3
-123.00
19-Jan-2023
6932.00/1 BBL
4.76
0.00
0
-113.00
17-Feb-2023
6892.00/1 BBL
4.49
0.00
0
-153.00
20-Mar-2023
6850.00/1 BBL
4.21
0.00
0
-195.00
CRUDEOIL Contract Details (2022-10-19) Exchange: MCX
Contract Start Date
2022-04-20
Last Trading Date
2022-10-19
Symbol Description
Light Sweet Crude Oil
Delivery Start Date
2022-10-19
Delivery End Date
2022-10-19
Symbol Info
Light Sweet Crude Oil
Tender Period Start Date
2022-10-19
Tender Period End Date
2022-10-19
Commodity Group
Oil & Energy
Name Of Underlying
Oil & Energy
Identifier of the Underlying
294
Instrument Identifier
240524
Near Month Instrument Identifier
-1
Far Month Instrument Identifier
-1
CRUDEOIL Rate Historical Performance
Date
Commodity
Expiry
Open
High
Low
Prev Close
ABS
% CHG
2022-10-04
Crude Oil
19-Oct-2022
6848.00
7092.00
6826.00
6817.00
234.00
3.43
2022-10-03
Crude Oil
19-Oct-2022
6646.00
6924.00
6646.00
6539.00
269.00
4.11
2022-09-30
Crude Oil
19-Oct-2022
6656.00
6755.00
6478.00
6700.00
-160.00
-2.39
2022-09-30
Crude Oil
19-Oct-2022
6656.00
6755.00
6478.00
6700.00
-115.00
-1.72
2022-09-29
Crude Oil
19-Oct-2022
6706.00
6806.00
6607.00
6685.00
78.00
1.17
2022-09-28
Crude Oil
19-Oct-2022
6403.00
6707.00
6317.00
6473.00
211.00
3.26
2022-09-27
Crude Oil
19-Oct-2022
6336.00
6520.00
6320.00
6334.00
155.00
2.45
2022-09-26
Crude Oil
19-Oct-2022
6411.00
6580.00
6292.00
6426.00
-83.00
-1.29
2022-09-23
Crude Oil
19-Oct-2022
6779.00
6789.00
6378.00
6807.00
-369.00
-5.42
2022-09-23
Crude Oil
19-Oct-2022
6779.00
6789.00
6378.00
6807.00
-369.00
-5.42
Future Margin Calculator
This is the minimum amount which is required to buy "x" number of lots of a particular commodity to trade in futures market.
Mark-to-Market Calculator
This is daily gain/loss on the position which is taken in derivatives market, it is calculated on daily basis till the time that position is not squared off.
GainersLosers
Commodity
Contract
Price (Rs)
% CHG
Gold ETFs »
ETF Name
Price (Rs)
% CHG
Volume