German word

Ölpreis

Pronunciation

IPA/ˈøːlˌpʁaɪ̯s/

Meaning

  • masculine nouncrude oil price

Example

Der Ölpreis beeinflusst die Benzinpreise.

The crude oil price affects gasoline prices.

Illustration for Ölpreis (crude oil price)

More examples

Die Volatilität des Ölpreises beeinflusst Investmententscheidungen.

Crude oil price volatility affects investment decisions.

Core concept

A number on an energy-market screen whose movement can ripple toward the fuel pump.

Common phrases

  • Spot-Ölpreis

    spot crude oil price

  • Futures-Ölpreis

    crude oil futures price

  • Volatilität des Ölpreises

    crude oil price volatility

Similar words

Brent: A benchmark crude grade from the North Sea used to price oil globally.
WTI: A major US crude grade traded as a benchmark in American markets.
Spotpreis: The price of a commodity agreed for immediate delivery.
Futurespreis: The price set in a futures contract for delivery at a later date.

Definition in German

Kosten für eine Einheit Rohöl, oft als Referenzgröße für Energie- und Kraftstoffpreise verwendet

Word origin

Ölpreis follows the productive German pattern of placing a specifying noun, Öl, before the head noun, Preis.

Usage tips

  • In compounds such as Ölpreisentwicklung, the final noun determines the gender and grammatical behavior of the whole word.

Other meanings

  • oil pricenoun

Related words

  • Ölpreisindexcrude oil price indexnoun
  • Ölpreisvolatilitätcrude oil price volatilitynoun

Word lists with this word