20 September 2018
2018- n° 246In August, oil prices decreased anew Prices of oil and raw material imports - August 2018
In August 2018, the price of North Sea crude oil (Brent) in euros retreated (−1.2% after −0.3%). It reached an average of €62.8 per barrel. The decrease in August was more marked in dollars (−2.3% after −0.2%).
Warning: This issue only comments oil prices evolvement. Indeed, some data sets used to compute the imported raw materials indices (excluding energy) are not published anymore by the World Bank, the main source for this data. Imported raw materials indices (excluding energy) will not be commented this month. New data sets replacing those missing should be used and available next month .
In detail, prices and indices of sunflower oil, rapeseed oil, and sheep meat will not be updated in the Insee macroeconomic databank (BDM). However, prices and indices of other imported raw materials are available in this database, notably those of which updates were suspended since July .
Oil prices were virtually stable
In August 2018, the price of North Sea crude oil (Brent) in euros retreated (−1.2% after −0.3%). It reached an average of €62.8 per barrel. The decrease in August was more marked in dollars (−2.3% after −0.2%).
tableauTable1 – 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 | 72,5 | –2,3 | –5,6 | 39,7 |
| Brent in € per barrel | 62,8 | –1,2 | –3,6 | 42,8 |
| Gasoline cts €/L | 47,5 | 1,3 | –0,4 | 25,8 |
| Gas Oil | 570,5 | 1,5 | –0,7 | 39,8 |
| Heavy fuel | 387,4 | –1,1 | 14,7 | 41,4 |
| Naphtha | 552,9 | 0,6 | –1,1 | 42,4 |
graphiqueGraph1 – Oil (Brent)
- Source: INSEE
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Time series : Raw materials prices
