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.

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.

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.

As of February 2025, the average annual price of Brent crude oil stood at 77.36 U.S. dollars per barrel. This is some three 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.

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

Ecuador Crude Oil: Price: Average: Petroleum WTI data was reported at 54.680 USD/Barrel in Jun 2019. This records a decrease from the previous number of 60.730 USD/Barrel for May 2019. Ecuador Crude Oil: Price: Average: Petroleum WTI data is updated monthly, averaging 75.215 USD/Barrel from Jan 2010 (Median) to Jun 2019, with 114 observations. The data reached an all-time high of 109.890 USD/Barrel in Apr 2011 and a record low of 30.330 USD/Barrel in Feb 2016. Ecuador Crude Oil: Price: Average: Petroleum WTI data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.P001: Crude Oil Prices.

The oil price in USD chart provides a visual representation of historical oil prices in US dollars. This article explains how oil prices are influenced by various factors and discusses different types of oil charts. It also highlights the importance of studying the chart to identify trends and make informed decisions. Additionally, the article mentions the impact of geopolitical events on oil prices and the inclusion of technical indicators in oil price charts. Overall, the article emphasizes the value of t

The fuel oil prices in the USA reached 1047 USD/MT in December 2023. In December 2023, the priced of fuel oil in China settled at 758 USD/MT. In Germany, the fuel oil price reached 1237 USD/MT by the end of December 2023.

The 2025 annual OPEC oil price stood at 78.1 U.S. dollars per barrel, as of February. This would be lower than the 2024 average, which amounted to 79.86 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 2024 fall in prices was the result of weakened demand outlooks, primarily from China.

South Africa Brent Crude Oil Price: US Dollar data was reported at 72.820 USD in Aug 2018. This records a decrease from the previous number of 74.240 USD for Jul 2018. South Africa Brent Crude Oil Price: US Dollar data is updated monthly, averaging 19.340 USD from Jan 1960 (Median) to Aug 2018, with 704 observations. The data reached an all-time high of 133.860 USD in Jul 2008 and a record low of 2.140 USD in Aug 1966. South Africa Brent Crude Oil Price: US Dollar data remains active status in CEIC and is reported by South African Reserve Bank. The data is categorized under Global Database’s South Africa – Table ZA.P005: Brent Crude Oil Price.

The live oil price in USD is determined by several factors, including supply and demand dynamics, geopolitical tensions, and global economic conditions. Oil is one of the most important commodities in the world and its price has a significant impact on various industries and the overall economy. Learn more about the factors influencing oil prices and where to find real-time price information.

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.

Commodity Prices: Avg: Crude Oil: WTI data was reported at 71.250 USD/Barrel in Feb 2025. This records a decrease from the previous number of 75.140 USD/Barrel for Jan 2025. Commodity Prices: Avg: Crude Oil: WTI data is updated monthly, averaging 34.300 USD/Barrel from May 1983 (Median) to Feb 2025, with 502 observations. The data reached an all-time high of 133.930 USD/Barrel in Jun 2008 and a record low of 11.300 USD/Barrel in Dec 1998. Commodity Prices: Avg: Crude Oil: WTI data remains active status in CEIC and is reported by Central Bank of Chile. The data is categorized under Global Database’s Chile – Table CL.P005: Crude Oil Price. [COVID-19-IMPACT]

In the fourth quarter of 2023, the price of sesame oil in the United States reached 6317 USD/MT. Similarly, in China, the sesame oil prices hit 5546 USD/MT in December 2023. Germany also saw sesame oil prices reaching 6628 USD/MT during December 2023.

MA: Revised Budget: Indonesian Crude Oil Price data was reported at 70.000 USD/Barrel in 2019. This records an increase from the previous number of 48.000 USD/Barrel for 2018. MA: Revised Budget: Indonesian Crude Oil Price data is updated yearly, averaging 60.000 USD/Barrel from Dec 2001 (Median) to 2019, with 19 observations. The data reached an all-time high of 108.900 USD/Barrel in 2008 and a record low of 22.000 USD/Barrel in 2002. MA: Revised Budget: Indonesian Crude Oil Price data remains active status in CEIC and is reported by Directorate General of Budget. The data is categorized under Global Database’s Indonesia – Table ID.FA002: Government Budget: Revised. 2018 figure are budget figure due to no revision budget from government. Angka 2018 adalah angka APBN karena pemerintah meniadakan APBN-P.

Ecuador Crude Oil Basket Price: Petroecuador data was reported at 66.800 USD/Barrel in Sep 2018. This records an increase from the previous number of 61.600 USD/Barrel for Aug 2018. Ecuador Crude Oil Basket Price: Petroecuador data is updated monthly, averaging 30.100 USD/Barrel from Jan 1991 (Median) to Sep 2018, with 333 observations. The data reached an all-time high of 118.800 USD/Barrel in Jun 2008 and a record low of 6.790 USD/Barrel in Dec 1998. Ecuador Crude Oil Basket Price: Petroecuador data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.RB003: Crude Oil Prices.

Urals Oil decreased 3.02 USD/Bbl or 4.41% since the beginning of 2025, 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.

The oil price USD chart is a valuable tool for traders and investors, providing insights into historical trends and allowing for informed decisions based on changing market conditions. It also helps policymakers assess economic implications and implement appropriate policies in response to oil price fluctuations.

The price of orange oil in USA for Q4 2023 reached 16550 USD/MT in December. It encompasses an in-depth review of spot price of orange oil at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of orange oil price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

United States Crude Oil Price: EIA: FOB Cost of Imports: Nigeria data was reported at 58.580 USD/Barrel in Oct 2017. This records an increase from the previous number of 52.180 USD/Barrel for Aug 2017. United States Crude Oil Price: EIA: FOB Cost of Imports: Nigeria data is updated monthly, averaging 24.410 USD/Barrel from Oct 1973 (Median) to Oct 2017, with 468 observations. The data reached an all-time high of 140.010 USD/Barrel in Jun 2008 and a record low of 6.000 USD/Barrel in Oct 1973. United States Crude Oil Price: EIA: FOB Cost of Imports: Nigeria data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P002: Energy Price.