In October 2015, oil prices picked up slightlyPrices of oil and raw material imports - October 2015

In October 2015, the crude oil price fall in euros recovered slightly (+1.7% after –0.3% in September). Standing at €42.8 on average per barrel of Brent, this price tumbled by 37.8% compared to its level in October 2014 (€68.9). Prices in euros of imported commodities except energy declined again (–1.4% after –1.8%): this shrinkage was driven down by industrial raw materials (–2.9%), while prices of raw food materials increased slightly (+0.8%).

In October 2015, the crude oil price fall in euros recovered slightly (+1.7% after –0.3% in September). Standing at €42.8 on average per barrel of Brent, this price tumbled by 37.8% compared to its level in October 2014 (€68.9). Prices in euros of imported commodities except energy declined again (–1.4% after –1.8%): this shrinkage was driven down by industrial raw materials (–2.9%), while prices of raw food materials increased slightly (+0.8%).

Oil prices in euros recovered a little

The price of crude oil from the North Sea (Brent) in euros picked up slightly (+1.7% after –0.5%), as a result of both a drop in the American no-conventional oil output and a slight demand increase from the importing countries. It also rose in dollars (+1.9% after +0.9%), as the euro was almost unchanged to the American currency.

Prices of industrial raw materials fell down

Prices of industrial raw materials in euros dipped (–2.9% after +0.4%), due to a drop in prices of minerals (–3.9%). On the other hand, prices of agricultural raw materials rallied slightly (+1.0% after –4.4%).

Prices of minerals decreased (–3.9% after +1.9%), due to the drop in prices of iron ore (–6.7% after +1.1%) and of non-ferrous metals (–4.2% after +2.4%), in particular those of aluminium. Prices of precious metals recovered (+5.2% after –1.9%), driven up by platinum (+8.5% after –11.0%), gold (+3.1%) and silver (+6.6%).

Prices of agricultural raw materials went up (+1.0% after –4.4%; –3.9% year-on-year). In particular, prices of natural rubber picked up (+1.7% after –10.4%).

Those of sawn softwood recovered sharply (+5.2% after –8.8%)

Prices of raw food materials increased slightly

Prices of raw food materials in euros went up slightly (+0.8% after –4.6%). In particular, price of sugar accelerated sharply (+24.8% after +5.2%): heavy rainfalls reduced crops in Brazil; moreover, the other exporting countries (India, Thailand, the Philippines) faced up a drought period of time. Prices of cereals picked up slightly (+0.9% after –2.5%). Prices of beef meat recovered (+3.7% after –12.7%), after a strong decrease over the past three months (–9.4%).

tabpetrole – Oil and petroleum products

in euros
Oil and petroleum products
Prices Change (%)
of last month over the last month over the last 3 months over the last 12 months
Brent in $ per barrel 48.1 1.9 –13.9 –44.9
Brent in € per barrel 42.8 1.7 –15.6 –37.8
Gasoline €/L 0.31 –2.6 –35.9 –33.7
Gas Oil 407.8 –2.8 –13.9 –31.4
Heavy fuel 226.2 2.1 –18.9 –40.3
Naphtha 383.1 2.6 –10.8 –33.3
  • Prices are in euros per tonne unless otherwise specified
  • Source: INSEE

tabmatprem – Imported raw materials (excluding energy) in euros

base 100 in 2000
Imported raw materials (excluding energy) in euros
Index Changes (%)
over the last month over the last 3 months over the last 12 months
Food total 212.6 0.8 –7.3 6.3
Tropical foodstuff 215.8 0.2 –5.1 9.2
Oil seeds, vegetable oils 233.6 –1.4 –10.0 8.4
Cereals 147.7 0.9 –8.3 2.9
Sugar 141.0 24.8 16.6 –3.1
Beef meat 159.8 3.7 –9.4 0.3
Industrial raw materials 144.0 –2.9 –7.3 –11.5
Agricultural raw materials 107.1 1.0 –8.3 –3.9
Natural Fibers 117.4 0.1 –6.5 10.3
Natural rubber 124.7 1.7 –23.4 –26.9
Hides 75.2 –3.1 –2.3 –27.3
Wood pulp 100.3 –1.2 –4.4 0.6
Tropical wood 113.8 –0.2 –3.4 7.7
Sawn softwood 83.2 5.2 –13.7 –15.8
Minerals 164.4 –3.9 –6.8 –13.6
Iron ore 347.7 –6.7 0.3 –25.7
Non-ferrous metals 137.4 –4.2 –8.3 –13.8
Precious metals 228.5 5.2 1.6 4.5
All commodities 163.0 –1.4 –7.4 –3.8
  • Source: INSEE

G_petrole_ang – Oil (Brent)

  • Source: INSEE

G_alim_ang – Food

  • Source: INSEE

G_ensemble_ang – Imported raw materials (excluding energy)

  • Source: INSEE

G_indus_ang – Industrial raw materials

  • Source: INSEE