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.

Oil prices trend

The data contains oil prices from 1998 from 8 countries.

Content

The data is self explanatory. The price is described in USD for the crude oil data and in local currencies for the fuel products.

Acknowledgements

The data is available from IEA website

The 2025 annual OPEC oil price stood at ***** U.S. dollars per barrel, as of May. This would be lower than the 2024 average, which amounted to ***** U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries and includes Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. The aim of the OPEC is to coordinate the oil policies of its member states. It was founded in 1960 in Baghdad, Iraq. The OPEC Reference Basket The OPEC crude oil price is defined by the price of the so-called OPEC (Reference) basket. This basket is an average of prices of the various petroleum blends that are produced by the OPEC members. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq, Arab Light from Saudi Arabia, BCF 17 from Venezuela, et cetera. By increasing and decreasing its oil production, OPEC tries to keep the price between a given maxima and minima. Benchmark crude oil The OPEC basket is one of the most important benchmarks for crude oil prices worldwide. Other significant benchmarks are UK Brent, West Texas Intermediate (WTI), and Dubai Crude (Fateh). Because there are many types and grades of oil, such benchmarks are indispensable for referencing them on the global oil market. The 2025 fall in prices was the result of weakened demand outlooks exacerbated by extensive U.S. trade tariffs.

Brent rose to 70.69 USD/Bbl on July 11, 2025, up 2.99% from the previous day. Over the past month, Brent's price has risen 1.92%, but it is still 16.86% lower than a year ago, 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.

Urals Oil fell to 64.96 USD/Bbl on July 10, 2025, down 3.36% from the previous day. Over the past month, Urals Oil's price has risen 2.51%, but it is still 18.27% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Urals Crude.

Zambia Commodity Price: Avg: Crude Oil data was reported at 74.250 USD/Barrel in Jul 2018. This records a decrease from the previous number of 74.400 USD/Barrel for Jun 2018. Zambia Commodity Price: Avg: Crude Oil data is updated monthly, averaging 48.900 USD/Barrel from Oct 2015 (Median) to Jul 2018, with 34 observations. The data reached an all-time high of 76.900 USD/Barrel in May 2018 and a record low of 30.800 USD/Barrel in Jan 2016. Zambia Commodity Price: Avg: Crude Oil data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Zambia – Table ZM.P004: Average Copper and Crude Oil Price.

Heating Oil rose to 2.47 USD/Gal on July 11, 2025, up 3.46% from the previous day. Over the past month, Heating Oil's price has risen 11.10%, but it is still 1.60% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Heating 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.

Dataset Information

This dataset includes daily price data for various commodities.

  Instruments Included

BDIY: Baltic Dry Index BEEF: Beef (dollars per pound) BIT: Bitumen (dollars per metric ton) C1: Corn (dollars per bushel) CC1: Cocoa (dollars per metric ton) CHE: Cheese (dollars per pound) CL1: Crude Oil (dollars per barrel) CO1: Brent Crude Oil (dollars per barrel) CRYTR: CRB Index CT1: Cotton (cents per pound) DA: Milk (dollars per hundredweight) DL1: Ethanol… See the full description on the dataset page: https://huggingface.co/datasets/paperswithbacktest/Commodities-Daily-Price.

Dataset

This dataset was created by Adrian Zinovei

Contents

We study the effects of releases from the US Strategic Petroleum Reserve (SPR) within the context of fully specified models of the global oil market that explicitly allow for storage demand as well as unanticipated changes in the SPR. We show that historically SPR policy interventions, defined as sequences of exogenous SPR shocks during selected periods, have helped stabilize the price of oil. Their effect on the price of oil, however, has been modest. For example, the cumulative effect of the SPR releases after the invasion of Kuwait in 1990 was a reduction of $2 per barrel in the real price of oil after 7 months. Whereas emergency drawdowns tend to lower the real price of oil, we find that exchanges tend to raise the real price of oil in the long run. We also provide a detailed analysis of the benefits of the 2018 White House proposal to sell off half of the SPR within the next decade. We show that the expected fiscal benefits of this plan are somewhat higher than the revenue of $16.6 billion dollars projected by the White House.

Crude Oil Price: Indonesia data was reported at 61.320 USD/Barrel in Jul 2019. This records an increase from the previous number of 60.990 USD/Barrel for Jun 2019. Crude Oil Price: Indonesia data is updated monthly, averaging 42.500 USD/Barrel from Dec 1991 (Median) to Jul 2019, with 332 observations. The data reached an all-time high of 134.960 USD/Barrel in Jul 2008 and a record low of 9.990 USD/Barrel in Dec 1998. Crude Oil Price: Indonesia data remains active status in CEIC and is reported by Directorate General of Oil and Gas. The data is categorized under Global Database’s Indonesia – Table ID.PC001: Retail Price: By Major Commodities.

Crude Oil Production in Libya decreased to 1366 BBL/D/1K in May from 1367 BBL/D/1K in April of 2025. This dataset provides the latest reported value for - Libya Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Production in Uzbekistan remained unchanged at 30 BBL/D/1K in March. This dataset provides - Uzbekistan Crude Oil Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Iraq decreased to 3605 BBL/D/1K in May from 3664 BBL/D/1K in April of 2025. This dataset provides the latest reported value for - Iraq Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Production in Iran decreased to 3303 BBL/D/1K in May from 3328 BBL/D/1K in April of 2025. This dataset provides the latest reported value for - Iran Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Palm Oil rose to 4,175 MYR/T on July 11, 2025, up 0.68% from the previous day. Over the past month, Palm Oil's price has risen 8.72%, and is up 6.67% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palm Oil - values, historical data, forecasts and news - updated on July of 2025.

The analysis of enhanced oil recovery economics shows, under conventional financial standards (15% return on investment), field scale, and successful operations, that the extraction and production costs in a representative sample of domestic reservoirs range from $21 to $46 per barrel of incrementally recovered oil. Steam drive, when using lease crude, and polymer flooding, conducted as part of an ongoing waterflood, are financially the most attractive, with costs ranging from $21 to $28 per barrel of oil. Carbon dioxide and chemical floods, particularly when conducted in less ideal reservoir settings, have upper-bound costs of $39 to $46 per barrel of recovered oil. Because of the low primary/secondary recoveries in heavy oils, the thermal techniques, steam drive and in situ combustion, have the highest recovery efficiencies, up to 64% of the remaining oil in place. Polymer flooding is at the other extreme with recovery efficiencies of only 4% of the oil in place after primary and secondary. Currently, the carbon dioxide and surfactant/polymer technologies are in the lower part of this range, with recovery efficiencies of 15% to 43% of the remaining oil in place. However, advances in mobility control and an improved scientific understanding of the interaction between the reservoir and crude oil and the injected materials can appreciably increase the efficiencies of these two promising enhanced oil recovery technologies.

Sri Lanka Petroleum Price: Average: Crude Oil: USD data was reported at 57.790 USD/Barrel in 2017. This records an increase from the previous number of 46.300 USD/Barrel for 2016. Sri Lanka Petroleum Price: Average: Crude Oil: USD data is updated yearly, averaging 37.480 USD/Barrel from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 114.000 USD/Barrel in 2012 and a record low of 13.470 USD/Barrel in 1998. Sri Lanka Petroleum Price: Average: Crude Oil: USD data remains active status in CEIC and is reported by Central Bank of Sri Lanka. The data is categorized under Global Database’s Sri Lanka – Table LK.P008: Petroleum Price.

According to an American Petroleum Institute production waste survey reported on by P.G. Wakim in 1987 and 1988, the exploration and production segment of the US oil and gas industry generated more than 360 million barrels (bbl) of drilling wastes, more than 20 billion bbl of produced water, and nearly 12 million bbl of associated wastes in 1985. Current exploration and production activities are believed to be generating comparable quantities of these oil field wastes. Wakim estimates that 28% of drilling wastes, less than 2% of produced water, and 52% of associated wastes are disposed of in off-site commercial facilities. In recent years, interest in disposing of oil field wastes in solution-mined salt caverns has been growing. This report provides information on the availability of commercial disposal companies in oil-and gas-producing states, the treatment and disposal methods they employ, and the amounts they charge. It also compares cavern disposal costs with the costs of other forms of waste disposal.