Average Crude Oil Spot Price:
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 57.27, down from 60.04 last month and down from 76.73 one year ago. This is a change of -4.61% from last month and -25.35% from one year ago.
- Category: Energy
- Region: N/A
- Report: Commodity Markets Review
- Source: World Bank
Chart
Historical Data
| Data for this Date Range | |
|---|---|
| Oct. 31, 2019 | 57.27 |
| Sept. 30, 2019 | 60.04 |
| Aug. 31, 2019 | 57.67 |
| 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 |
| Feb. 28, 2019 | 61.13 |
| Jan. 31, 2019 | 56.58 |
| Dec. 31, 2018 | 53.96 |
| Nov. 30, 2018 | 62.32 |
| Oct. 31, 2018 | 76.73 |
| Sept. 30, 2018 | 75.36 |
| Aug. 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 |
| Feb. 28, 2018 | 63.46 |
| Jan. 31, 2018 | 66.23 |
| Dec. 31, 2017 | 61.19 |
| Nov. 30, 2017 | 59.93 |
| Oct. 31, 2017 | 54.92 |
| Sept. 30, 2017 | 52.95 |
| Aug. 31, 2017 | 49.94 |
| July 31, 2017 | 47.66 |
| June 30, 2017 | 46.17 |
| May 31, 2017 | 49.89 |
| April 30, 2017 | 52.16 |
| March 31, 2017 | 50.90 |
| Feb. 28, 2017 | 54.35 |
| Jan. 31, 2017 | 53.59 |
| Dec. 31, 2016 | 52.62 |
| Nov. 30, 2016 | 45.26 |
| Oct. 31, 2016 | 49.29 |
| Sept. 30, 2016 | 45.04 |
| Aug. 31, 2016 | 44.88 |
| July 31, 2016 | 44.13 |
| June 30, 2016 | 47.69 |
| May 31, 2016 | 45.94 |
| April 30, 2016 | 40.75 |
| March 31, 2016 | 37.34 |
| Feb. 29, 2016 | 31.03 |
| Jan. 31, 2016 | 29.78 |
| Dec. 31, 2015 | 36.57 |
| Nov. 30, 2015 | 43.11 |
| Oct. 31, 2015 | 46.96 |
| Sept. 30, 2015 | 46.28 |
There is no data for the selected date range.
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Stats
| Last Value | 57.27 |
| Latest Period | Oct 2019 |
| Last Updated | Nov 5 2019, 10:03 EST |
| Average Growth Rate | 10.99% |
| Value from 1 Year Ago | 76.73 |
| Change from 1 Year Ago | -25.35% |
| Frequency | Monthly |
| Unit | USD per Barrel |
| Adjustment | N/A |
| Download Source File | Upgrade |
Notes: Average spot price of Brent, Dubai and West Texas Intermediate, equally weighed.
Related Indicators
| US Energy | |
|---|---|
| Australia Coal Price | 68.92 USD/mt |
| Brent Crude Oil Spot Price | 62.52 USD/bbl |
| Brent WTI Spread | 6.19 USD/bbl |
| Henry Hub Natural Gas Spot Price | 2.77 USD/MMBtu |
| US Crude Oil Field Production | 12.60M bbl/d |
| US Gulf Coast Kerosene-Type Jet Fuel Spot Price | 1.829 USD/gal |
| US Oil Consumption | 20.46M bbl/d |
| US Oil Rig Count | 691.00 |
| US Residential Propane Price | 1.853 USD/gal |
| US Retail Diesel Price | 3.062 USD/gal |
| US Retail Gas Price | 2.702 USD/gal |
| World Crude Oil Production | 81.38M bbl/d |
| World Oil Rig Count | 830.00 |
| WTI Crude Oil Spot Price | 56.33 USD/bbl |
| World Energy | |
| Australia Coal Price | 68.92 USD/mt |
| Brent Crude Oil Spot Price | 62.52 USD/bbl |
| Brent WTI Spread | 6.19 USD/bbl |
| Dubai Fateh Crude Oil Spot Price | 60.84 USD/bbl |
| Japan Liquefied Natural Gas Import Price | 10.14 USD/MMBtu |
| OPEC Crude Oil Production | 31.58M bbl/d |
| US Liquefied Natural Gas Exports Price | 5.13 USD/thou cf |
| World Crude Oil Production | 81.38M bbl/d |
| World Oil Rig Count | 830.00 |
| WTI Crude Oil Spot Price | 56.33 USD/bbl |
