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Basic Info

The Average Crude Oil Spot Price calculates an equally weighted price of the WTI Crude Oil Price, Brent Crude Oil Price, and Dubai Crude Oil Price. This metric gives a nice overview of the broad crude oil market, rather than looking at one type of crude oil price alone. One of the most notable times for the Average Crude Oil Spot Price was in 2008. Prices for the Average Crude reached as high as $114/barrel because of large cuts in production. However, because of the financial crisis and an abrupt loss of demand for oil globally, the price of Average Crude fell as much at 70% off highs in January of 2009.

Average Crude Oil Spot Price is at a current level of 68.87, down from 73.28 last month and up from 43.44 one year ago. This is a change of -6.03% from last month and 58.52% from one year ago.

Region N/A
Source World Bank

Stats

Last Value 68.87
Latest Period Aug 2021
Last Updated Sep 3 2021, 16:02 EDT
Average Growth Rate 11.54%
Value from 1 Year Ago 43.44
Change from 1 Year Ago 58.52%
Frequency Monthly
Unit USD per Barrel
Adjustment N/A
Download Source File Download
Notes Average spot price of Brent, Dubai and West Texas Intermediate, equally weighed.

Historical Data

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Date Value
August 31, 2021 68.87
July 31, 2021 73.28
June 30, 2021 71.80
May 31, 2021 66.40
April 30, 2021 62.95
March 31, 2021 63.83
February 28, 2021 60.46
January 31, 2021 53.60
December 31, 2020 48.73
November 30, 2020 42.30
October 31, 2020 39.90
September 30, 2020 40.60
August 31, 2020 43.44
July 31, 2020 42.07
June 30, 2020 39.46
May 31, 2020 30.38
April 30, 2020 21.04
March 31, 2020 32.20
February 29, 2020 53.35
January 31, 2020 61.63
December 31, 2019 63.35
November 30, 2019 60.40
October 31, 2019 57.27
September 30, 2019 60.04
August 31, 2019 57.67
Date Value
July 31, 2019 61.48
June 30, 2019 59.76
May 31, 2019 66.83
April 30, 2019 68.58
March 31, 2019 63.79
February 28, 2019 61.13
January 31, 2019 56.58
December 31, 2018 53.96
November 30, 2018 62.32
October 31, 2018 76.73
September 30, 2018 75.36
August 31, 2018 71.08
July 31, 2018 72.67
June 30, 2018 71.98
May 31, 2018 73.43
April 30, 2018 68.79
March 31, 2018 64.17
February 28, 2018 63.46
January 31, 2018 66.23
December 31, 2017 61.19
November 30, 2017 59.93
October 31, 2017 54.92
September 30, 2017 52.95
August 31, 2017 49.94
July 31, 2017 47.66

Basic Info

The Average Crude Oil Spot Price calculates an equally weighted price of the WTI Crude Oil Price, Brent Crude Oil Price, and Dubai Crude Oil Price. This metric gives a nice overview of the broad crude oil market, rather than looking at one type of crude oil price alone. One of the most notable times for the Average Crude Oil Spot Price was in 2008. Prices for the Average Crude reached as high as $114/barrel because of large cuts in production. However, because of the financial crisis and an abrupt loss of demand for oil globally, the price of Average Crude fell as much at 70% off highs in January of 2009.

Average Crude Oil Spot Price is at a current level of 68.87, down from 73.28 last month and up from 43.44 one year ago. This is a change of -6.03% from last month and 58.52% from one year ago.

Region N/A
Source World Bank

Stats

Last Value 68.87
Latest Period Aug 2021
Last Updated Sep 3 2021, 16:02 EDT
Average Growth Rate 11.54%
Value from 1 Year Ago 43.44
Change from 1 Year Ago 58.52%
Frequency Monthly
Unit USD per Barrel
Adjustment N/A
Download Source File Download
Notes Average spot price of Brent, Dubai and West Texas Intermediate, equally weighed.