Crude Oil decreased 2.12 USD/BBL or 2.95% since the beginning of 2025, 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 March of 2025.

The monthly crude oil price index worldwide reached 182.78 index points in February 2025. Prices decreased compared to the previous month as economic activity was expected to continue to stagnate.

The worldwide crude oil price index stood at 191.78 index points in 2024. This was a slight decrease compared to the previous year, when the price index stood at over 194 index points. The global crude oil index is determined by benchmark prices such as Brent, WTI, and Dubai Fateh.

Brent decreased 0.64 USD/BBL or 0.85% since the beginning of 2025, 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 March of 2025.

The global oil price index is a measure of the average price of oil traded on the global market. This article explores the factors that influence oil prices, the significance of the Brent Crude Oil Price Index, and the importance of oil price indexes for market participants and policymakers.

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

Graph and download economic data for Producer Price Index by Industry: Oil and Gas Extraction (PCU21112111) from Dec 1985 to Feb 2025 about extraction, oil, gas, PPI, industry, inflation, price index, indexes, price, and USA.

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

Explore the factors influencing crude oil prices, including geopolitical tensions, OPEC decisions, and technological advancements. Understand the historical context, the role of OPEC, and how technical and fundamental analyses impact trading opportunities. Learn how oil prices affect global currencies and the influence of environmental policies on future demand.

During the last quarter of 2024, the crude oil prices in the United States reached 61 USD/MT in December. The market saw changes in policy and supply chain interruptions influencing price fluctuations. Due to supply limitations after Libyan production halted and hurricane-related damage in the Gulf of Mexico, oil prices briefly increased in October.

Explore IMARC's latest publication, “Crude Oil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the crude oil market, providing insights into both global and regional trends that are shaping prices.

The price of crude soybean oil in the USA reached 1127 USD/MT by the end of December 2023. In China, the price of crude soybean oil settled at 888 USD/MT in December 2023. In December 2023, the crude soybean oil priced reached 989 USD/MT in Germany.

Explore the complexities of crude oil price charts, examining the factors influencing oil prices including geopolitical events, economic data, and policy decisions by OPEC. Understand how these charts reflect market trends, technological advancements, and environmental concerns, providing insights for traders and decision-makers.

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Crude Petroleum (Domestic Production) (WPU0561) from Jan 1947 to Feb 2025 about petroleum, crude, fuels, domestic, commodities, PPI, inflation, price index, indexes, price, and USA.

On March 24, 2025, the Brent crude oil price stood at 73.05 U.S. dollars per barrel, compared to 69.11 U.S. dollars for WTI oil and 75.11 U.S. dollars for the OPEC basket. These were slight increases compared to the previous weeks, which had seen some of the lowest prices in four years.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.

United States - Spot Crude Oil Price: West Texas Intermediate (WTI) was 71.53000 $ per Barrel in February of 2025, according to the United States Federal Reserve. Historically, United States - Spot Crude Oil Price: West Texas Intermediate (WTI) reached a record high of 133.93000 in June of 2008 and a record low of 1.17000 in February of 1946. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Spot Crude Oil Price: West Texas Intermediate (WTI) - last updated from the United States Federal Reserve on March of 2025.

Crude Oil Price: Arbei data was reported at 74.510 USD/Barrel in Feb 2025. This records a decrease from the previous number of 77.140 USD/Barrel for Jan 2025. Crude Oil Price: Arbei data is updated monthly, averaging 79.370 USD/Barrel from Oct 2022 (Median) to Feb 2025, with 29 observations. The data reached an all-time high of 91.990 USD/Barrel in Sep 2023 and a record low of 70.370 USD/Barrel in Jun 2023. Crude Oil Price: Arbei data remains active status in CEIC and is reported by Directorate General of Oil and Gas. The data is categorized under Indonesia Premium Database’s Energy Sector – Table ID.RBH003: Crude Oil Price.

Vietnam Export Price Index: Crude Oil data was reported at 53.100 2010=100 in 2016. This records a decrease from the previous number of 67.660 2010=100 for 2015. Vietnam Export Price Index: Crude Oil data is updated yearly, averaging 143.345 2010=100 from Dec 2011 (Median) to 2016, with 6 observations. The data reached an all-time high of 148.160 2010=100 in 2012 and a record low of 53.100 2010=100 in 2016. Vietnam Export Price Index: Crude Oil data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.I044: Export and Import Price Index: 2010=100 .

United States - Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma was 108.50000 $ per Barrel in March of 2022, according to the United States Federal Reserve. Historically, United States - Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma reached a record high of 133.88000 in June of 2008 and a record low of 11.35000 in December of 1998. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma - last updated from the United States Federal Reserve on March of 2025.

Colombia Producer Price Index: Origin of Goods: PC: Crude Oil and Natural Gas data was reported at 211.740 Dec2014=100 in Feb 2025. This records a decrease from the previous number of 224.050 Dec2014=100 for Jan 2025. Colombia Producer Price Index: Origin of Goods: PC: Crude Oil and Natural Gas data is updated monthly, averaging 139.770 Dec2014=100 from Dec 2014 (Median) to Feb 2025, with 123 observations. The data reached an all-time high of 304.790 Dec2014=100 in Jul 2022 and a record low of 65.400 Dec2014=100 in Apr 2020. Colombia Producer Price Index: Origin of Goods: PC: Crude Oil and Natural Gas data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.I033: Producer Price Index: ISIC: Dec2014=100.