25 July 2018

2018- n° 197
In June, the price of oil fell back Prices of oil and raw material imports - June 2018

In June 2018, the price of North Sea crude oil (Brent) in euros fell back slightly, after a three-month increase (−2.2% after +10.9% in May, +9.8% in April and +1.2% in March). It reached an average of €64 per barrel. The decrease in June was more marked in dollars (−3.2% after +6.8%), because the euro slightly depreciated.

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Warning : This issue only comment oil prices evolvements. Indeed, some data sets used to compute the imported raw materials indices (excluding energy) will temporarily not be published by the World Bank, the main source for this data. Imported raw materials indices (excluding energy) will not be commented until World Bank issues resurgence (announced for September).

In detail, prices and indices of sunflower oil, rapeseed oil, tea, rice, sheep meat, poultry, shrimps, iron ore, and tropical wood will not be updated in the Insee macroeconomic databank (BDM). However, prices and indices of other imported raw materials are available in this database.

Oil price fell back

tableauTable1 – Oil and petroleum products

in euros

Oil and petroleum products (in euros) -
	Prices	Change (%)
	of last month	over the last month	over the last 3 months	over the last 12 months
Brent in $ per barrel	74,4	–3,2	12,7	56,3
Brent in € per barrel	63,7	–2,2	19,1	50,3
Gasoline cts €/L	45,9	–3,8	17,2	35,1
Gas Oil	563,3	–1,9	18,4	49,1
Heavy fuel	383,0	13,4	25,1	41,3
Naphtha	543,3	–2,8	18,7	51,2

Prices are in euros per tonne unless otherwise specified
Source : INSEE