Average Crude Oil Spot Price:

68.58 USD/bbl for Apr 2019
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Average Crude Oil Spot Price is at a current level of 68.58, up from 63.79 last month and down from 68.79 one year ago. This is a change of 7.51% from last month and -0.31% from one year ago.

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.

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Historical Data

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Export Data Date Range:
Data for this Date Range  
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
Aug. 31, 2015 45.69
July 31, 2015 54.34
June 30, 2015 61.31
May 31, 2015 62.51
April 30, 2015 57.54
March 31, 2015 52.83

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Stats

Last Value 68.58
Latest Period Apr 2019
Last Updated May 3 2019, 15:10 EDT
Average Growth Rate 11.37%
Value from 1 Year Ago 68.79
Change from 1 Year Ago -0.31%
Frequency Monthly
Unit USD per Barrel
Adjustment N/A
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Notes: Average spot price of Brent, Dubai and West Texas Intermediate, equally weighed.

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