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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 39.90, down from 40.60 last month and down from 57.27 one year ago. This is a change of -1.72% from last month and -30.33% from one year ago.

Region N/A
Source World Bank

Stats

Last Value 39.90
Latest Period Oct 2020
Last Updated Nov 4 2020, 10:03 EST
Average Growth Rate 10.74%
Value from 1 Year Ago 57.27
Change from 1 Year Ago -30.33%
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
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
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
Date Value
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
June 30, 2017 46.17
May 31, 2017 49.89
April 30, 2017 52.16
March 31, 2017 50.90
February 28, 2017 54.35
January 31, 2017 53.59
December 31, 2016 52.62
November 30, 2016 45.26
October 31, 2016 49.29
September 30, 2016 45.04

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 39.90, down from 40.60 last month and down from 57.27 one year ago. This is a change of -1.72% from last month and -30.33% from one year ago.

Region N/A
Source World Bank

Stats

Last Value 39.90
Latest Period Oct 2020
Last Updated Nov 4 2020, 10:03 EST
Average Growth Rate 10.74%
Value from 1 Year Ago 57.27
Change from 1 Year Ago -30.33%
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.