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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 95.97, down from 105.08 last month and up from 68.87 one year ago. This is a change of -8.67% from last month and 39.36% from one year ago.

Stats

Last Value 95.97
Latest Period Aug 2022
Last Updated Sep 6 2022, 10:02 EDT
Average Growth Rate 11.99%
Value from Last Month 105.08
Change from Last Month -8.67%
Value from 1 Year Ago 68.87
Change from 1 Year Ago 39.36%
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, 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
September 30, 2020 40.60
August 31, 2020 43.44
Date Value
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
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

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 95.97, down from 105.08 last month and up from 68.87 one year ago. This is a change of -8.67% from last month and 39.36% from one year ago.

Stats

Last Value 95.97
Latest Period Aug 2022
Last Updated Sep 6 2022, 10:02 EDT
Average Growth Rate 11.99%
Value from Last Month 105.08
Change from Last Month -8.67%
Value from 1 Year Ago 68.87
Change from 1 Year Ago 39.36%
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.