Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Interactive chart showing the daily closing price for West Texas Intermediate (NYMEX) Crude Oil over the last 10 years. The prices shown are in U.S. dollars.
On April 20th, 2020, the price of West Texas Intermediate crude oil slumped into negative for the first time in history, falling to negative 37.63 U.S. dollars per barrel. The ongoing coronavirus pandemic has had a catastrophic impact on the global oil and gas industry. Declining consumer demand and high levels of production output are threatening to exceed oil storage capacities, which resulted in the lowest ever oil prices noted between April 20th and April 22nd.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.
As of May 2025, the average annual price of Brent crude oil stood at 72 U.S. dollars per barrel. This is some eight 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.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Crude Oil fell to 65.07 USD/Bbl on June 27, 2025, down 0.26% from the previous day. Over the past month, Crude Oil's price has risen 5.22%, but it is still 20.20% 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 June of 2025.
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
On June 23, 2025, the Brent crude oil price stood at 70.98 U.S. dollars per barrel, compared to 68.51 U.S. dollars for WTI oil and 76.19 U.S. dollars for the OPEC basket. OPEC prices rose that week following expected supply constraints related to the Israel-Iran conflict.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.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Interactive daily chart of Brent (Europe) crude oil prices over the last ten years. Values shown are daily closing prices.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Brent fell to 67.39 USD/Bbl on June 27, 2025, down 0.50% from the previous day. Over the past month, Brent's price has risen 4.77%, but it is still 20.72% 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 June of 2025.
This dataset contains information about world's spot oil prices for 1972-2020. Data from BP. Follow datasource.kapsarc.org for timely data to advance energy economics research. Notes:
* 1972 - 1985 Arabian Light, 1986 - 2020 Dubai dated.
† 1976 -1983 Forties, 1984 -2020 Brent dated.‡ 1976 -1983 Posted WTI prices, 1984 - 2020 Spot WTI (Cushing) prices.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Urals Oil fell to 63.77 USD/Bbl on June 26, 2025, down 0.76% from the previous day. Over the past month, Urals Oil's price has risen 10.62%, but it is still 20.34% 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.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Crude Oil Price: Pandan data was reported at 19.040 USD/Barrel in Apr 2020. This records a decrease from the previous number of 32.070 USD/Barrel for Mar 2020. Crude Oil Price: Pandan data is updated monthly, averaging 25.555 USD/Barrel from Mar 2020 (Median) to Apr 2020, with 2 observations. The data reached an all-time high of 32.070 USD/Barrel in Mar 2020 and a record low of 19.040 USD/Barrel in Apr 2020. Crude Oil Price: Pandan 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.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
NB Forecast: Crude Oil Price: Brent Blend: per Barrel data was reported at 69.000 USD in 2021. This records a decrease from the previous number of 72.000 USD for 2020. NB Forecast: Crude Oil Price: Brent Blend: per Barrel data is updated yearly, averaging 73.000 USD from Dec 2012 (Median) to 2021, with 10 observations. The data reached an all-time high of 112.000 USD in 2012 and a record low of 44.000 USD in 2016. NB Forecast: Crude Oil Price: Brent Blend: per Barrel data remains active status in CEIC and is reported by Norges Bank. The data is categorized under Global Database’s Norway – Table NO.P006: Crude Oil Price: Forecast: Norges Bank.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Crude oil prices have experienced significant volatility in the past three years due to geopolitical tensions, supply and demand dynamics, and changes in global economic conditions. This article discusses the factors that have influenced oil prices, including production cuts, global oil supplies, U.S. sanctions on Iran, and the COVID-19 pandemic. It also provides an overview of the average price of Brent crude oil in 2018, 2019, and 2020, highlighting the impact of the pandemic on oil demand and prices.
https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required
Graph and download economic data for Global price of Brent Crude (POILBREUSDQ) from Q1 1990 to Q1 2025 about crude, oil, World, and price.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Sunflower Oil fell to 1,238.80 INR/10 kg on June 27, 2025, down 0.76% from the previous day. Over the past month, Sunflower Oil's price has fallen 5.39%, but it is still 33.84% higher 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 Sunflower Oil.
This dataset contains information about daily spot prices for crude oil WTI and Brent from 1986. data from US Energy Information AdministrationNotes:Citation: "Spot Prices For Crude Oil And Petroleum Products". Eia.gov. N.p., 2016. Web. 10 Mar. 2016.
https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required
Graph and download economic data for Global price of Brent Crude (POILBREUSDM) from Jan 1990 to May 2025 about crude, oil, World, and price.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
CN: Import Price: Crude Oil: North America: United States data was reported at 601.688 USD/Ton in Mar 2025. This records a decrease from the previous number of 613.974 USD/Ton for Feb 2025. CN: Import Price: Crude Oil: North America: United States data is updated monthly, averaging 571.304 USD/Ton from May 2008 (Median) to Mar 2025, with 104 observations. The data reached an all-time high of 535,000.000 USD/Ton in Sep 2013 and a record low of 221.828 USD/Ton in Jun 2020. CN: Import Price: Crude Oil: North America: United States data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
The price of US crude oil has been heavily influenced by factors such as global supply and demand, geopolitical tensions, and market speculation. This article explores the impact of these factors on oil prices, including the effects of the COVID-19 pandemic and the shale revolution. It also discusses the historic collapse of oil prices in 2020 and the subsequent recovery, as well as the factors that will shape the future of US crude oil prices.
https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required
Graph and download economic data for Spot Crude Oil Price: West Texas Intermediate (WTI) (WTISPLC) from Jan 1946 to May 2025 about WTI, crude, oil, price, and USA.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Interactive chart showing the daily closing price for West Texas Intermediate (NYMEX) Crude Oil over the last 10 years. The prices shown are in U.S. dollars.