Crude Oil rose to 68.75 USD/Bbl on July 11, 2025, up 3.27% from the previous day. Over the past month, Crude Oil's price has risen 1.04%, but it is still 16.37% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on July of 2025.

On July 7, 2025, the Brent crude oil price stood at 69.62 U.S. dollars per barrel, compared to 67.93 U.S. dollars for WTI oil and 69.92 U.S. dollars for the OPEC basket. Prices rose slightly that week, following signs of an increase in demand.Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for oil and gasoline prices. Lowest ever oil prices during coronavirus pandemic In 2020, the coronavirus pandemic resulted in crude oil prices hitting a major slump as oil demand drastically declined following lockdowns and travel restrictions. Initial outlooks and uncertainty surrounding the course of the pandemic brought about a disagreement between two of the largest oil producers, Russia and Saudi Arabia, in early March. Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to store excess oil, leading to benchmark prices seeing record negative prices between April 20 and April 22, 2020. How crude oil prices are determined As with most commodities, crude oil prices are impacted by supply and demand, as well as inventories and market sentiment. However, as oil is most often traded in future contracts (whereby a contract is agreed upon, while the product delivery will follow in the next two to three months), market speculation is one of the principal determinants for oil prices. Traders make conclusions on how production output and consumer demand will likely develop over the coming months, leaving room for uncertainty. Spot prices differ from futures in so far as they reflect the current market price of a commodity.

Interactive chart showing the daily closing price for West Texas Intermediate (NYMEX) Crude Oil over the last 10 years. The prices shown are in U.S. dollars.

As of May 2025, the average annual price of Brent crude oil stood at 72 U.S. dollars per barrel. This is some eight U.S. dollars lower than the 2024 average. Brent is the world's leading price benchmark for Atlantic basin crude oils. Crude oil is one of the most closely observed commodity prices as it influences costs across all stages of the production process and consequently alters the price of consumer goods as well. What determines crude oil benchmarks? In the past decade, crude oil prices have been especially volatile. Their inherent inelasticity regarding short-term changes in demand and supply means that oil prices are erratic by nature. However, since the 2009 financial crisis, many commercial developments have greatly contributed to price volatility; such as economic growth by BRIC countries like China and India, and the advent of hydraulic fracturing and horizontal drilling in the U.S. The outbreak of the coronavirus pandemic and the Russia-Ukraine war are examples of geopolitical events dictating prices. Light crude oils - Brent and WTI Brent Crude is considered a classification of sweet light crude oil and acts as a benchmark price for oil around the world. It is considered a sweet light crude oil due to its low sulfur content and a low density and may be easily refined into gasoline. This oil originates in the North Sea and comprises several different oil blends, including Brent Blend and Ekofisk crude. Often, this crude oil is refined in Northwest Europe. Another sweet light oil often referenced alongside UK Brent is West Texas Intermediate (WTI). WTI oil prices amounted to 76.55 U.S. dollars per barrel in 2024.

This dataset contains information about world's crude oil prices for 1861-2020. Data from BP. Follow datasource.kapsarc.org for timely data to advance energy economics research.Notes: 1861-1944 US Average 1945-1983 Arabian Light posted at Ras Tanura 1984-2016 Brent dated. $2020 (deflated using the Consumer Price Index for the US

The price of crude oil in the US market is determined by supply and demand forces, with various factors influencing these dynamics. This article explores the supply factors such as production levels, imports, and inventories, as well as the demand factors including economic growth and seasonal variations. Additionally, it discusses other influencing factors like exchange rates and speculation. It emphasizes the close link between the crude oil price in the US market and international oil prices, highlightin

Brent rose to 70.45 USD/Bbl on July 14, 2025, up 0.12% from the previous day. Over the past month, Brent's price has fallen 3.80%, and is down 16.98% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent crude oil - values, historical data, forecasts and news - updated on July of 2025.

Graph and download economic data for Spot Crude Oil Price: West Texas Intermediate (WTI) (WTISPLC) from Jan 1946 to Jun 2025 about WTI, crude, oil, price, and USA.

The statistic represents the average F.O.B. cost of U.S. crude oil imports from 1975 to 2010. In 2000, this figure stood at 26.27 U.S. dollars** per barrel. According to the source, F.O.B. (“Free on Board”) denotes a transaction whereby the seller makes the product available with an agreement on a given port at a given price.

Get the latest insights on price movement and trend analysis of Crude Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The live chart for US crude oil price provides real-time updates on the current price of crude oil in the United States. This chart is an invaluable tool for investors, traders, and anyone interested in tracking the fluctuations in crude oil prices.

This dataset contains information about daily spot prices for crude oil WTI and Brent from 1986. data from US Energy Information AdministrationNotes:Citation: "Spot Prices For Crude Oil And Petroleum Products". Eia.gov. N.p., 2016. Web. 10 Mar. 2016.

The price of crude oil in America is influenced by factors such as supply and demand dynamics, geopolitical tensions, global economic conditions, weather patterns, and government policies. Understanding these factors and monitoring relevant benchmarks like WTI and Brent crude are crucial for tracking and analyzing crude oil prices in America.

Graph and download economic data for Import Price Index (End Use): Crude Oil (IR10000) from Dec 1980 to May 2025 about end use, crude, imports, price index, indexes, price, and USA.

The first quarter of 2025 for Crude Oil prices in the North American region experienced a decline followed by an uptrend. In January 2025 oil prices maintained an upward trajectory.

Mexico Crude Oil Mean Price: By Region: America data was reported at 58.920 USD/Barrel in Feb 2019. This records an increase from the previous number of 54.730 USD/Barrel for Jan 2019. Mexico Crude Oil Mean Price: By Region: America data is updated monthly, averaging 39.080 USD/Barrel from Jan 1993 (Median) to Feb 2019, with 314 observations. The data reached an all-time high of 122.890 USD/Barrel in Jul 2008 and a record low of 7.890 USD/Barrel in Dec 1998. Mexico Crude Oil Mean Price: By Region: America data remains active status in CEIC and is reported by Petroleos Mexicanos. The data is categorized under Global Database’s Mexico – Table MX.P001: Crude Oil Price.

Learn about the various factors influencing the price of US crude oil today, including supply and demand dynamics, geopolitical events, economic indicators, and market sentiment. Understand how the COVID-19 pandemic, production decisions by major oil-producing countries, and market fluctuations impact oil prices. Gain insights into the interplay of these factors in the dynamic oil market environment.

The US stock market and crude oil price are closely interconnected as crude oil is a critical component of the global economy, and its price fluctuations directly impact the stock market. This article explores the various factors that influence both the US stock market and crude oil prices, including geopolitical events, global economic conditions, supply and demand dynamics, and government policies.

China Import Price: Crude Oil: North America: Canada data was reported at 491.111 USD/Ton in Mar 2025. This records a decrease from the previous number of 502.688 USD/Ton for Feb 2025. China Import Price: Crude Oil: North America: Canada data is updated monthly, averaging 496.292 USD/Ton from May 2008 (Median) to Mar 2025, with 132 observations. The data reached an all-time high of 40,000.000 USD/Ton in Nov 2017 and a record low of 198.927 USD/Ton in Apr 2020. China Import Price: Crude Oil: North America: Canada data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price.

The price of crude oil is constantly changing due to various factors such as supply and demand dynamics, geopolitical events, market speculation, and macroeconomic conditions. This article provides an overview of the current price of crude oil, its importance in global markets, and the factors that influence its volatility. It also discusses the impact of the COVID-19 pandemic on oil prices and the role of OPEC+ in stabilizing the market. Investors, businesses, and consumers need to closely monitor these de