Crude Oil rose to 98.08 USD/Bbl on April 9, 2026, up 3.89% from the previous day. Over the past month, Crude Oil's price has risen 17.53%, and is up 63.27% compared to the same time last year, 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 April of 2026.

Brent fell to 94.28 USD/Bbl on April 8, 2026, down 13.72% from the previous day. Over the past month, Brent's price has fallen 4.73%, but it is still 43.99% higher 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 April of 2026.

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.

Palm Oil rose to 4,636 MYR/T on April 9, 2026, up 1.09% from the previous day. Over the past month, Palm Oil's price has risen 3.18%, and is up 10.35% 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 April of 2026.

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.

This dataset contains historical daily price data for WTI (West Texas Intermediate) and Brent Crude Oil futures contracts. The data spans from April 5, 2017, to April 10, 2024, and includes key pricing information such as opening, closing, high, low, average prices, and volume for each trading day. The data was sourced using the Interactive Brokers API and includes futures contract details for both WTI and Brent Crude Oil traded on the NYMEX exchange. This dataset can be used for time series analysis, forecasting, and other financial applications related to the oil market.

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.

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.

Urals Oil traded flat at 121.17 USD/Bbl on April 3, 2026. Over the past month, Urals Oil's price has risen 72.34%, and is up 99.42% compared to the same time last year, 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.

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.

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

The 2025 average annual price of West Texas Intermediate crude oil reached 65.39 U.S. dollars per barrel as of August. This would be 11 U.S. dollars below the 2024 average and the lowest annual average since 2021. WTI and other benchmarks WTI is a grade of crude oil also known as “Texas light sweet.” It is measured to have an API gravity of around 39.6 and specific gravity of about 0.83, which is considered “light” relative to other crude oils. This oil also contains roughly 0.24 percent sulfur, and is therefore named “sweet.” Crude oils are some of the most closely observed commodity prices in the world. WTI is the underlying commodity of the Chicago Mercantile Exchange’s oil futures contracts. The price of other crude oils, such as UK Brent crude oil, the OPEC crude oil basket, and Dubai Fateh oil, can be compared to that of WTI crude oil. Since 1976, the price of WTI crude oil has increased notably, rising from just 12.23 U.S. dollars per barrel in 1976 to a peak of 99.06 dollars per barrel in 2008. Geopolitical conflicts and their impact on oil prices The price of oil is controlled in part by limiting oil production. Prior to 1971, the Texas Railroad Commission controlled the price of oil by setting limits on production of U.S. oil. In 1971, the Texas Railroad Commission ceased limiting production, but OPEC, the Organization of Petroleum Exporting Countries with member states Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela among others, continued to do so. In 1972, due to geopolitical conflict, OPEC set an oil embargo and cut oil production, causing prices to quadruple by 1974. Oil prices rose again in 1979 and 1980 due to the Iranian revolution, and doubled between 1978 and 1981 as the Iran-Iraq War prevented oil production. A number of geopolitical conflicts and periods of increased production and consumption have influenced the price of oil since then.

Heating Oil rose to 4.41 USD/Gal on April 7, 2026, up 1.91% from the previous day. Over the past month, Heating Oil's price has risen 22.99%, and is up 119.52% compared to the same time last year, 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 April of 2026.

View monthly updates and historical trends for Olive Oil Price. Source: International Monetary Fund. Track economic data with YCharts analytics.

Crude_oil_value.csv Description:

The crude_oil_value.csv file contains historical data on the monetary value of crude oil trades over specific periods. This dataset is essential for analyzing market trends, economic impacts, and forecasting future trade values. Each entry represents a recorded trade, detailing the value in terms of currency, along with relevant timestamps and geographic locations.

Columns: Year: The year of the trade. Country: Malaysia. Trade_Value: The monetary value of the trade in USD. Trade_Type: The type of trade (import & export). Currency: The currency used for the trade value.

Crude_oil_volume.csv Description:

The crude_oil_volume.csv file contains data on the volume of crude oil traded over time. This dataset is crucial for understanding the physical quantities of oil being moved in the market, assessing production capabilities, and analyzing supply chain dynamics. Each entry includes details on the volume of crude oil traded, alongside temporal and spatial data.

Columns: Year: The year of the trade. Country: Malaysia. Trade_Volume: The volume of crude oil traded, typically measured in barrels. Trade_Type: The type of trade ( import & export). Volume_Unit: The unit of measurement for the volume (e.g., barrels).

The average spot price for West Texas Intermediate crude oil came to 65.39 U.S. dollars per barrel in 2025, a decrease of about 11.2 U.S. dollars compared to the previous year. The 2025 average spot price for Brent crude oil was 69.14 U.S. dollars. Both Brent and WTI are light crude oils, with the first used as a benchmark for gasoline prices around the world. Spot prices vs. future prices Spot prices refer to current market prices under which a commodity such as one barrel of crude oil may be bought for immediate delivery. In contrast, future prices refer to settlement and delivery at a later date. As a major refinery and storage hub, Cushing in Oklahoma is the delivery location for WTI traded via the New York Mercantile Exchange. When storage capacities threatened to reach their maximum capacity in April 2020, the WTI oil price crashed as a result, trading at record low prices. The WTI oil price fell into negative numbers for the first time in its history, closing out at negative 37.63 U.S. dollars per barrel on April 20th. The lowest value for Brent prices was 19.33 U.S. dollars per barrel. Influences on oil prices Oil prices are volatile commodities as their trading and delivery is heavily influenced by overall market development and geopolitical events. For example, the Russia-Ukraine war and resulting Russian sanctions brought about fears of supply bottlenecks, which pushed oil prices to decade-highs also reflected in the 2022 annual average.

The annual price of West Texas Intermediate (WTI) crude oil is expected to reach an average of 63.58 U.S. dollars per barrel in 2025, according to an August 2025 forecast. This would be a decrease of roughly 13 U.S. dollar compared to the previous year. In the first eight months of 2025, weekly crude oil prices largely stayed below 70 U.S. dollars per barrel amid trade tariffs and an expected economic downturn. What are benchmark crudes? WTI is often used as a price reference point called a benchmark (or ”marker”) crude. This category includes Brent crude from the North Sea, Dubai Crude, as well as blends in the OPEC reference basket. WTI, Brent, and the OPEC basket have tended to trade closely, but since 2011, Brent has been selling at a higher annual spot price than WTI, largely due to increased oil production in the United States. What causes price volatility? Oil prices are historically volatile. While mostly shaped by demand and supply like all consumer goods, they may also be affected by production limits, a change in U.S. dollar value, and to an extent by market speculation. In 2022, the annual average price for WTI was close to the peak of nearly 100 U.S. dollars recorded in 2008. In the latter year, multiple factors, such as strikes in Nigeria, an oil sale stop in Venezuela, and the continuous increase in oil demand from China were partly responsible for the price surge. Higher oil prices allowed the pursuit of extraction methods previously deemed too expensive and risky, such as shale gas and tight oil production in the U.S. The widespread practice of fracturing source rocks for oil and gas extraction led to the oil glut in 2016 and made the U.S. the largest oil producer in the world.

Oil trading prices refer to the buying and selling of oil as a commodity in various markets around the world. These prices are determined by factors such as supply and demand, geopolitical events, economic indicators, and market sentiment.

Brent–Urals Oil Price Spread Dataset (2022–2026)

Overview

This dataset contains daily Brent and Urals crude oil prices from 21 February 2022 to 2 January 2026.

It includes both the absolute price spread and the percentage spread between the two oil benchmarks.

Brent crude oil is one of the most widely used global oil benchmarks, while Urals crude oil is the primary Russian export blend. The difference between these prices, known as the Brent–Urals spread, is widely analyzed in energy economics and commodity markets.

The dataset allows researchers to examine how the discount applied to Urals crude relative to Brent changes over time.

Time Coverage

Start date: 2022-02-21
End date: 2026-01-02

Frequency: Daily

Each row represents one trading day within this time interval.

Dataset Structure

Spread Calculation

Absolute spread: Price_Spread = Brent − Urals

Percentage spread: Spread_Percent = (Brent − Urals) / Brent × 100

Research Context

The Brent–Urals spread is an important indicator in global energy markets and may reflect:

• geopolitical tensions
• supply disruptions
• trade restrictions and sanctions
• transportation constraints
• shifts in global oil demand

Since 2022 geopolitical events and sanctions affecting Russian oil exports, the spread has been widely analyzed as a measure of market pressure on Russian crude oil.

Possible Use Cases

This dataset can be used for:

• oil price spread analysis
• energy market research
• geopolitical impact studies
• commodity trading analysis
• time series forecasting
• volatility and anomaly detection

Graph and download economic data for Global price of Olive Oil (POLVOILUSDM) from Jan 1992 to Feb 2026 about oil, World, food, and price.