Average Crude Oil Spot Price (I:ACOSP)
Level Chart
Basic Info
|
Average Crude Oil Spot Price is at a current level of 72.29, down from 73.97 last month and down from 81.35 one year ago. This is a change of -2.27% from last month and -11.14% 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. |
| Report | Commodity Markets Review |
| Categories | Agriculture and Livestock , Chemicals , Metals |
| Region | N/A |
| Source | World Bank |
Stats
| Last Value | 72.29 |
| Latest Period | Nov 2024 |
| Last Updated | Dec 4 2024, 10:22 EST |
| Next Release | Jan 6 2025, 10:00 EST (E) |
| Average Growth Rate | 11.21% |
| Value from Last Month | 73.97 |
| Change from Last Month | -2.27% |
| Value from 1 Year Ago | 81.35 |
| Change from 1 Year Ago | -11.14% |
| 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. |
Historical Data
| Date | Value |
|---|---|
| November 30, 2024 | 72.29 |
| October 31, 2024 | 73.97 |
| September 30, 2024 | 72.42 |
| August 31, 2024 | 78.12 |
| July 31, 2024 | 83.26 |
| June 30, 2024 | 81.20 |
| May 31, 2024 | 81.44 |
| April 30, 2024 | 88.01 |
| March 31, 2024 | 83.55 |
| February 29, 2024 | 80.55 |
| January 31, 2024 | 77.67 |
| December 31, 2023 | 75.72 |
| November 30, 2023 | 81.35 |
| October 31, 2023 | 89.08 |
| September 30, 2023 | 92.22 |
| August 31, 2023 | 84.72 |
| July 31, 2023 | 78.98 |
| June 30, 2023 | 73.26 |
| May 31, 2023 | 74.12 |
| April 30, 2023 | 82.46 |
| March 31, 2023 | 76.47 |
| February 28, 2023 | 80.25 |
| January 31, 2023 | 80.41 |
| December 31, 2022 | 78.07 |
| November 30, 2022 | 87.38 |
| Date | Value |
|---|---|
| October 31, 2022 | 90.33 |
| September 30, 2022 | 88.22 |
| August 31, 2022 | 95.97 |
| July 31, 2022 | 105.08 |
| June 30, 2022 | 116.80 |
| May 31, 2022 | 110.10 |
| April 30, 2022 | 103.41 |
| March 31, 2022 | 112.40 |
| February 28, 2022 | 93.54 |
| January 31, 2022 | 83.92 |
| December 31, 2021 | 72.87 |
| November 30, 2021 | 79.92 |
| October 31, 2021 | 82.06 |
| September 30, 2021 | 72.80 |
| 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 |
News
Basic Info
|
Average Crude Oil Spot Price is at a current level of 72.29, down from 73.97 last month and down from 81.35 one year ago. This is a change of -2.27% from last month and -11.14% 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. |
| Report | Commodity Markets Review |
| Categories | Agriculture and Livestock , Chemicals , Metals |
| Region | N/A |
| Source | World Bank |
Stats
| Last Value | 72.29 |
| Latest Period | Nov 2024 |
| Last Updated | Dec 4 2024, 10:22 EST |
| Next Release | Jan 6 2025, 10:00 EST (E) |
| Average Growth Rate | 11.21% |
| Value from Last Month | 73.97 |
| Change from Last Month | -2.27% |
| Value from 1 Year Ago | 81.35 |
| Change from 1 Year Ago | -11.14% |
| 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
| World Energy |
| Australia Coal Price | 142.12 USD/mt |
| Brent Crude Oil Spot Price | 74.30 USD/bbl |
| Brent WTI Spread | 3.27 USD/bbl |
| Dubai Fateh Crude Oil Spot Price | 76.07 USD/bbl |
| Japan Liquefied Natural Gas Import Price | 12.49 USD/MMBtu |
| OPEC Crude Oil Production | 28.99M bbl/d |
| US Liquefied Natural Gas Exports Price | 6.09 USD/thou cf |
| World Oil Consumption | 100.22M bbl/d |
| World Oil Production | 96.26M bbl/d |
| World Oil Rig Count | 680.00 |
| WTI Crude Oil Spot Price | 71.03 USD/bbl |