The price of offers for oil supply has decreased by 5.52 dollars per ton to 349.98 US dollars per ton over the week.

The prices for supply in October 2024 have decreased to 349.98 USD per ton with a minimum of 326.61 USD on August 13, 2024, and a maximum of 418.99 USD on May 6, 2024.

The highest price since 2016 was 512.24 USD on August 12, 2022.

In May 2024, the price was 355.50 USD, and in March 2025, it was 349.54 USD.

In December 2024 and January 2025, the prices were 348.44 USD and 348.11 USD, respectively.

13 October 2024

By the tenth of October 2024, the bid price for delivery in October 2024 had decreased by 5.52 US dollars per ton to 349.98 US dollars per ton. The bids from the ninth of October 2024 stood at 355.50 US dollars per ton.

The decrease in the delivery cost for October 2024 over the week was 16.87 US dollars per ton. Over the month, the price increased by 4.63 US dollars per ton.

The maximum delivery price for October 2024 was recorded on the 6th of May 2024 at 418.99 US dollars per ton. The minimum delivery price for October 2024 was recorded on the 13th of August 2024 at 326.61 US dollars per ton.

The highest delivery price for October throughout the observation period was recorded on the 12th of August 2022 at 512.24 US dollars per ton. The minimum delivery price for October throughout the observation period was on the 2nd of March 2016 at 297.29 US dollars per ton.

On the 10th of October 2024, the following points were noted:

The bid price for delivery in March 2025 was 349.54 US dollars per ton, which is the lowest delivery price in the last three weeks (the previous minimum was on the 13th of September 2024 at 347.67 US dollars per ton).
The bid price for delivery in December 2024 was 348.44 US dollars per ton, which is the lowest delivery price in the last three weeks (the previous minimum was on the 13th of September 2024 at 347.67 US dollars per ton).
The bid price for delivery in January 2025 was 348.11 US dollars per ton, which is the lowest delivery price in the last three weeks (the previous minimum was on the 13th of September 2024 at 347.67 US dollars per ton).

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