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Prices1960–2025US$ per barrel

Crude oil (average)

Annual average crude oil benchmark price (equally weighting Brent, Dubai, and WTI) in US dollars per barrel from the World Bank.

67.4 USD/bblWorld · 2025

World Bank Commodity Markets (Pink Sheet)Published by source: 2026-09-02
energy
Saved data version: retrieved 2026-09-15, ID 1517f05fb694Warehouse version at build: v45
Data coverage
  • World: 1960–2025; observations: 66; missing years: 0

Missing years are counted between the first and last observations. A missing value is not zero.

World

66 rows for World

Time range:
0.025.050.075.0100.0125.01960197019801990200020102020202567.4
Year

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World

Period statistics

Calculated from the values shown in this view for the selected period. Statistics follow the active display mode.

World

1.6→67.4

Total change
+4,112.5 %
Annual growth (CAGR)
+5.9 %
Period
1960–2025

World: 1.6 (1960) → 67.4 (2025). Change of +4,112.5 % over 65 years. Compound annual growth rate (CAGR) of +5.9 % per year.

Compare on chart

Format:
Crude oil (average) — World
YearCountryValue
2025World67.4 USD/bbl
2024World78.7 USD/bbl
2023World80.8 USD/bbl
2022World97.1 USD/bbl
2021World69.1 USD/bbl
2020World41.3 USD/bbl
2019World61.4 USD/bbl
2018World68.3 USD/bbl
2017World52.8 USD/bbl
2016World42.8 USD/bbl
2015World50.8 USD/bbl
2014World96.2 USD/bbl
2013World104.1 USD/bbl
2012World105 USD/bbl
2011World104 USD/bbl
2010World79 USD/bbl
2009World61.8 USD/bbl
2008World97 USD/bbl
2007World71.1 USD/bbl
2006World64.3 USD/bbl
Source
World Bank Commodity Markets (Pink Sheet)
Licence
CC BY 4.0
Published by source
2026-09-02
Retrieved
2026-09-15
Indicator code in source
CRUDE_AVG
Unit of measure
US$ per barrel
Data version
v45

Cite

Longseries, “Crude oil (average)”. World Bank Commodity Markets (Pink Sheet) (CRUDE_AVG), 1960–2025, World. Retrieved 2026-09-15. CC BY 4.0. Data version v45. Data SHA-256: 1517f05fb6949ffc8ab225085b2c0213c9de06f1870fbb66c2a22b86050262e3. https://longseries.com/en/d/cmo-oil-avg/

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No source revisions recorded yet — revisions are logged when an official source updates historical values.

Latest values

1 place — sorted by value, highest first
Country
World202567.4 USD/bbl67.4 USD/bbl

About this series

Crude oil, average of Brent, Dubai and WTI, US$ per barrel. Pink Sheet.

Indicator definition

Column Crude oil, average. The World Bank’s own blend.

How to read the data

Pair: Oil rents and Energy import dependency. A price, not a rent or a dependency rate.

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