Context

Oil price is a very important part of any county's economy. The Crude Oil WTI (USD/Bbl) dataset was created with the expectation to understand the impact of global oil prices on any country's economy.

Source

Using https://tradingeconomics.com/commodity/crude-oil this data set is created and will be kept updated monthly.

Acknlowgement

Thanks, tradingeconomics.com 💜

Brent rose to 114.81 USD/Bbl on March 27, 2026, up 6.30% from the previous day. Over the past month, Brent's price has risen 47.68%, and is up 57.79% 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 March of 2026.

Europe Brent and WTI (Western Texas Intermediate) Spot Prices (Annual/ Monthly/ Weekly/ Daily) from EIA U.S. (Energy Information Administration).

This series is available through the EIA open data ...

Graph and download economic data for Crude Oil Prices: Brent - Europe (DCOILBRENTEU) from 1987-05-20 to 2026-03-02 about crude, oil, Europe, commodities, and price.

On March 23, 2026, the Brent crude oil price stood at 100.34 U.S. dollars per barrel, compared to 89.13 U.S. dollars for WTI oil and 145.24 U.S. dollars for the OPEC basket. Oil prices rose significantly that week.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 references for global oil and gasoline prices. Prices rose heavily in March amidst the U.S.-Israel war with Iran. 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 (where a contract is agreed upon while 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.

View monthly updates and historical trends for Average Crude Oil Spot Price. Source: World Bank. Track economic data with YCharts analytics.

As of 2025, the average annual price of Brent crude oil stood at 69.14 U.S. dollars per barrel. This is over ten 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 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 the real time Crude Oil Prices in USD from 2012 to 2022. In this Dataset Date - Date on which Price is Noted Close - Close Price of the oil Volume - Sum of buy's and sell's of oil commodity open - open price of a oil on that particular day High - High price of oil on that particular day Low - Low price of oil on that particular day

In March 2026, the average price of one barrel of Brent crude oil was 70.89 U.S. dollars. This was an increase from the previous month and roughly two U.S. dollars above March 2025 prices. Brent terminology and most common uses Brent is the world's leading price benchmark for Atlantic basin crude oils. It is used to price two thirds of the internationally traded crude oil supplies and is also the most significant crude oil benchmark for Europe. Brent crude originates in the North Sea and includes oils from Brent and Forties Oil Field in the United Kingdom, and from the Oseborg and Ekofisk oil fields, both oil reserves in Norway. Other names for Brent are Brent Blend, London Brent and Brent petroleum. The name Brent comes from the Brent oil field, located north-east of the Shetland Islands, and thus part of the United Kingdom. Because the Brent oil field already passed its production peak, today the benchmark Brent includes oil from the other three major oil fields. Brent, next to West Texas Intermediate (WTI), is one of the lightest crude oils. With a low content of sulfur, it is ranged among the so-called sweet crude oils. Most of the Brent crude oil is refined into gasoline and middle distillates in Northwest Europe. Benchmark oil prices Other crucial benchmarks for crude oil prices are the already mentioned U.S.- WTI and Dubai Crude (Fateh). They are indispensable for referencing the many types and grades of oil on the global market. In the past 20 years, the annual price for one barrel of Brent crude oil saw a net increase. For example, the average price per barrel stood at 80.52 U.S. dollars in 2024.

Graph and download economic data for Spot Crude Oil Price: West Texas Intermediate (WTI) (WTISPLC) from Jan 1946 to Feb 2026 about WTI, crude, oil, price, and USA.

Comprehensive historical price data for crude oil (WTI, Brent), natural gas, and precious metals spanning 20+ years with daily, weekly, and monthly intervals.

Brent Crude Oil Prices - Historical chart and current data through 2026.

WTI Crude Oil Prices - Historical chart and current data through 2026.

View market daily updates and historical trends for Brent Crude Oil Spot Price. Source: Energy Information Administration. Track economic data with YChart…

Dataset

This dataset was created by Chang Pham

Released under MIT

Contents

Latest Crude Oil prices Jan 2026: USA USD 65/MT, UAE USD 69.91/MT. Explore price history, trends & forecast.

This dataset provides a comprehensive view of crude oil data, including prices, production levels, and market trends over a specific period. It contains data from various sources to offer a detailed insight into the global crude oil market. This dataset includes information on daily crude oil prices, production rates by country, and other relevant metrics such as supply and demand. It is ideal for analysts, researchers, and industry professionals interested in studying crude oil market dynamics, forecasting trends, and making data-driven decisions. The data is cleaned and structured for easy use and analysis.

The 2025 annual OPEC basket price stood at ***** U.S. dollars per barrel as of August. 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.

Graph and download economic data for Global price of WTI Crude (POILWTIUSDM) from Jan 1992 to Feb 2026 about WTI, crude, oil, World, and price.

The monthly crude oil price index worldwide reached 157.55 index points in September 2025. Prices changed only slightly compared to the previous month as oil prices remained low.