# Crude oil prices were generally lower in 2019 than in 2018 -
		U.S. Energy Information Administration (EIA)

> The EIA reports that Brent averaged $64 a barrel in 2019 and WTI averaged $57, both $7 lower than in 2018. The 2019 Brent range of about $20 was the narrowest since 2003, and rising U.S. production limited price gains.

- Date: 2020-01-07 · published 2020-01-07T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/55330-crude-oil-prices-were-generally-lower-in-2019-than-in-2018-u-s-energy
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A narrow trading range and rising U.S. output indicate that crude has offered limited upside, which keeps energy input costs for feed relatively stable.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-05-27 | [North American crude oil prices are closely, but not perfectly, connected -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/53304-north-american-crude-oil-prices-are-closely-but-not-perfectly-connected-u-s.md) | +6.6% | +16.8% |
| WTI | 2017-09-21 | [Changing quality mix is affecting crude oil price differentials and refining decisions -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/69127-changing-quality-mix-is-affecting-crude-oil-price-differentials-and-refining.md) | +3.6% | +3.4% |
| WTI | 2019-02-01 | [Crude oil prices end the year lower than they began the year](https://feedsoft.ai/events/61265-crude-oil-prices-end-the-year-lower-than-they-began-the-year.md) | -2.1% | +6.3% |
| WTI | 2019-02-01 | [EIA forecasts world crude oil prices to rise gradually, averaging $65 per barrel in 2020](https://feedsoft.ai/events/61262-eia-forecasts-world-crude-oil-prices-to-rise-gradually-averaging-65-per-barrel.md) | -2.1% | +6.3% |
| WTI | 2024-02-01 | [EIA expects relatively flat crude oil prices in 2024 and 2025](https://feedsoft.ai/events/32277-eia-expects-relatively-flat-crude-oil-prices-in-2024-and-2025.md) | -2.6% | +3.6% |
| BRENT | 2017-03-10 | [Another type of crude oil to be included in calculation of the Brent price benchmark -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/72177-another-type-of-crude-oil-to-be-included-in-calculation-of-the-brent-price.md) | -0.5% | +5.5% |
| BRENT | 2020-01-31 | [Risk of oil supply disruptions can have an immediate effect on oil prices -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/55266-risk-of-oil-supply-disruptions-can-have-an-immediate-effect-on-oil-prices-u-s.md) | -5.1% | -10.0% |
| BRENT | 2017-09-21 | [Changing quality mix is affecting crude oil price differentials and refining decisions -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/69127-changing-quality-mix-is-affecting-crude-oil-price-differentials-and-refining.md) | +2.8% | +2.4% |

## Sources

- eia.gov: https://www.eia.gov/TODAYinENERGY/detail.php?id=42415

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.