Home / Prices / Crude oil Crude oil price history, 1960 to 2026 Brent (dated, 38° API) averaged $116.8/bbl in September 2026, +72% over twelve months and +153% over ten years. The nominal all-time high was $133.9/bbl in July 2008; in 2024 dollars the real peak was $191.9/bbl in June 2008. Monthly averages, World Bank Pink Sheet.
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Crude oil monthly prices, $/bbl, Jan 1960 to Sep 2026 Line chart of crude oil monthly prices in $/bbl from Jan 1960 to Sep 2026: Brent (dated, 38° API) from 1.6 to 116.8, peaking at 133.9; Dubai Fateh (32° API) from 1.6 to 93.3, peaking at 131.2; Average of Brent, Dubai and WTI from 1.6 to 102.3, peaking at 132.8; WTI (Cushing, 40° API) from 35.3 to 96.9, peaking at 133.9. 0 50 100 150 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 $/bbl OPEC oil embargo, Oct 1973 (Embargo announced 17 October 1973, following the Yom Kippur War (6 October 1973)) Iranian Revolution, Jan 1979 (Shah of Iran deposed, 16 January 1979) Iraq invades Kuwait, Aug 1990 (2 August 1990) Asian financial crisis begins, Jul 1997 (Thailand floats the baht, 2 July 1997) September 11 attacks, Sep 2001 (11 September 2001) Lehman Brothers collapse, Sep 2008 (NBER Business Cycle Dating Committee, US recession December 2007–June 2009) Fukushima Daiichi nuclear accident, Mar 2011 (11 March 2011) OPEC holds output steady amid oversupply, Nov 2014 (OPEC 166th Meeting, 27 November 2014) COVID-19 declared a pandemic, Mar 2020 (World Health Organization, 11 March 2020) Russia invades Ukraine, Feb 2022 (24 February 2022) Israel-Hamas war begins, Oct 2023 (7 October 2023) Dashed lines: OPEC oil embargo (Oct 1973); Iranian Revolution (Jan 1979); Iraq invades Kuwait (Aug 1990); Asian financial crisis begins (Jul 1997); September 11 attacks (Sep 2001); Lehman Brothers collapse (Sep 2008); Fukushima Daiichi nuclear accident (Mar 2011); OPEC holds output steady amid oversupply (Nov 2014); COVID-19 declared a pandemic (Mar 2020); Russia invades Ukraine (Feb 2022); Israel-Hamas war begins (Oct 2023). Hover a line for the source of its date.
Derived price statistics per series Series Latest 1 month 12 months 5 years 10 years 20 years All-time high (nominal) All-time high (real, 2024 US$) Brent (dated, 38° API)$/bbl, since 1960 116.8September 2026 +28% +72% +57% +153% +86% 133.9July 2008 191.9June 2008 Dubai Fateh (32° API)$/bbl, since 1960 93.3September 2026 +17% +38% +29% +114% +56% 131.2July 2008 187.9July 2008 Average of Brent, Dubai and WTI$/bbl, since 1960 102.3September 2026 +21% +54% +41% +127% +65% 132.8July 2008 190.2July 2008 WTI (Cushing, 40° API)$/bbl, since 1982 96.9September 2026 +17% +52% +35% +114% +52% 133.9June 2008 193.2June 2008
Percentage changes compare the latest monthly average with the monthly average 1, 12, 60, 120 and 240 months earlier. Real prices deflate by the US consumer price index (BLS via FRED) to 2024 dollars.
Source: World Bank Pink Sheet , 2026-10-02, fetched 6 October 2026 (CC BY 4.0)
Prices are monthly benchmark averages that may lag the market; informational only, not investment, legal or trade advice. For what these benchmarks mean and how they are set, see how crude oil is priced .
Monthly crude oil prices by decade Choose a decade. Values are monthly averages in the unit shown; blank cells mean no quote was published.
1960s 1970s 1980s 1990s 2000s 2010s 2020s
Brent (dated, 38° API) ($/bbl) Brent (dated, 38° API) monthly prices, 1960s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 1960 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1961 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1962 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1963 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1964 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1965 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1966 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1967 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1968 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1969 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3
Brent (dated, 38° API) monthly prices, 1970s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 1970 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1971 1.6 1.6 1.6 1.6 1.6 1.6 1.7 1.7 1.7 1.7 1.7 1.7 1.65 1972 1.8 1.8 1.8 1.8 1.8 1.8 1.9 1.9 1.9 1.9 1.9 1.9 1.85 1973 2.1 2.1 2.1 2.4 2.4 2.4 2.7 2.7 2.7 4.1 4.1 4.1 2.83 1974 13 13 13 10.6 10.6 10.6 10 10 10 10.3 10.3 10.3 10.98 1975 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.5 10.5 10.5 10.43 1976 11.5 11.5 11.5 11.5 11.5 11.5 11.6 11.6 11.6 11.9 11.9 11.9 11.63 1977 12.5 12.5 12.5 12.4 12.4 12.4 12.6 12.6 12.6 12.7 12.7 12.7 12.55 1978 12.7 12.7 12.7 12.7 12.7 12.7 12.8 12.8 12.8 12.9 13.2 14.5 12.93 1979 19 22 23.3 23.6 32.8 36.5 35 35.8 36.5 38.5 42 40.5 32.13
Brent (dated, 38° API) monthly prices, 1980s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 1980 40 38.5 38.3 38.2 38.5 38 37.4 33.6 33.4 37.9 40.8 40.2 37.9 1981 40.3 38.7 38.3 37.2 35.2 33.3 35.1 35.8 35.9 36.5 37.1 36.7 36.68 1982 35.8 31.6 29.3 33.1 35.2 34.6 33.7 32.8 34.3 35 33.8 31.8 33.42 1983 30.9 29.1 28.2 29.8 29.6 30.2 30.8 31.1 30.4 29.9 29.2 29 29.85 1984 29.6 29.9 30.1 30.1 29.9 29.2 27.9 28.1 28.4 27.8 27.7 27 28.81 1985 27 28.2 28.1 27.9 26.7 26.5 26.6 27.2 27.2 27.9 29.1 25.9 27.36 1986 25.8 17.6 13.9 12.5 14.2 11.9 9.5 13.7 14.2 13.8 14.6 15.9 14.8 1987 18.4 17.3 17.9 18.1 18.8 18.9 19.8 19 18.4 18.8 17.8 17.1 18.36 1988 16.9 15.8 14.8 16.6 16.4 15.6 14.9 15 13.3 12.5 13 15.2 15 1989 17 16.7 18.7 19.8 18.4 17.5 17.8 17.1 17.8 19 19.2 19.9 18.24
Brent (dated, 38° API) monthly prices, 1990s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 1990 21 19.9 18.5 16.8 16.7 15.7 17.6 27.1 34.1 36.1 33 28 23.71 1991 23.7 19.4 19.5 19.3 19.3 18.2 19.5 19.8 20.5 22.2 21.3 18.4 20.09 1992 18.2 18.1 17.6 19 19.9 21.2 20.3 19.8 20.3 20.3 19.2 18.2 19.34 1993 17.4 18.5 18.8 18.7 18.5 17.7 16.8 16.7 16 16.6 15.2 13.6 17.04 1994 14.3 13.8 14 15.2 16.2 16.8 17.6 16.8 15.9 16.4 17.2 16 15.85 1995 16.6 17.1 17 18.7 18.4 17.4 15.9 16.1 16.8 16.1 16.9 18 17.08 1996 17.9 18 20 21 19.1 18.3 19.6 20.6 22.6 24.2 22.6 23.9 20.65 1997 23.5 20.8 19.2 17.5 19.1 17.6 18.4 18.7 18.5 19.9 19 17 19.1 1998 15.1 14.1 13.1 13.4 14.4 12.1 12 11.9 13.4 12.6 10.9 9.8 12.73 1999 11.1 10.2 12.5 15.3 15.1 15.8 19 20.2 22.4 22 24.6 25.6 17.82
Brent (dated, 38° API) monthly prices, 2000s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2000 25.4 27.7 27.5 22.5 27.3 29.7 28.5 29.4 32.6 30.9 32.5 25.1 28.26 2001 25.6 27.4 24.4 25.6 28.5 27.7 24.5 25.7 25.5 20.5 18.9 18.6 24.41 2002 19.5 20.3 23.7 25.7 25.4 24.1 25.8 26.6 28.3 27.5 24.2 28.5 24.97 2003 31.2 32.6 30.3 25 25.8 27.5 28.4 29.8 27.1 29.6 28.8 29.9 28.83 2004 31.2 30.9 33.8 33.4 37.9 35.2 38.4 43 43.4 49.8 43.1 39.6 38.31 2005 44.3 45.6 53.1 51.9 48.7 54.3 57.6 64.1 63 58.5 55.5 56.7 54.44 2006 63.6 59.9 62.3 70.4 70.2 68.9 73.9 73.6 62.8 58.4 58.5 62.3 65.4 2007 54.3 57.8 62.1 67.4 67.5 71.3 77.2 70.8 77.1 82.9 92.5 91.5 72.7 2008 91.9 94.8 103.3 110.2 123.9 133 133.9 113.8 99.1 72.8 53.2 41.6 97.63 2009 44.9 43.2 46.8 50.8 57.9 68.6 64.9 72.5 67.7 73.2 77 74.7 61.85
Brent (dated, 38° API) monthly prices, 2010s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2010 76.4 74.3 79.3 85 76.3 74.8 74.7 76.7 77.8 82.9 85.7 91.8 79.64 2011 96.3 104 114.4 123.1 114.5 113.8 116.5 110.1 110.9 109.5 110.5 107.9 111 2012 111.2 119.7 124.9 120.5 110.5 95.6 103.1 113.3 113.4 112 109.7 109.7 112 2013 113 116.5 109.2 102.9 103 103.1 107.7 111 111.6 109.5 108.1 110.7 108.9 2014 107.4 108.8 107.4 107.8 109.7 111.9 107 101.9 97.3 87.3 78.4 62.3 98.93 2015 48.1 57.9 55.8 59.4 64.6 62.3 55.9 47 47.2 48.1 44.4 37.7 52.37 2016 30.8 33.2 39.1 42.3 47.1 48.5 45.1 46.1 46.2 49.7 46.4 54.1 44.05 2017 54.9 55.5 52 53 50.9 46.9 48.7 51.4 55.2 57.6 62.6 64.2 54.41 2018 69 65.4 66.5 71.6 76.7 75.2 74.4 73.1 78.9 80.5 65.2 56.5 71.08 2019 59.3 64.1 66.4 71.2 70.5 63.3 64 59.3 62.3 59.4 62.7 65.9 64.03
Brent (dated, 38° API) monthly prices, 2020s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2020 63.6 55 33 23.3 31 39.9 42.8 44.3 41.1 40.5 43.2 49.9 42.3 2021 54.6 62 65.2 64.8 68 73.1 74.4 70 74.6 83.7 80.8 74.3 70.46 2022 85.5 95.8 115.6 105.8 112.4 120.1 108.9 98.6 90.2 93.1 91.1 80.9 99.83 2023 83.1 82.7 78.5 84.1 75.7 74.9 80.1 86.2 94 91.1 83.2 77.9 82.63 2024 80.2 83.8 85.4 90.1 82 82.6 85.3 80.9 74.3 75.7 74.4 73.8 80.71 2025 79.2 75.2 72.6 67.7 64.2 71.5 71 68.2 68 64.7 63.6 62.7 69.05 2026 66.8 71.1 103.7 120.4 107.5 85.4 83.4 90.9 116.8 94
Dubai Fateh (32° API) ($/bbl) Dubai Fateh (32° API) monthly prices, 1960s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 1960 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1961 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1962 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1963 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1964 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1965 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1966 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1967 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1968 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1969 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3
Dubai Fateh (32° API) monthly prices, 1970s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 1970 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1971 1.6 1.6 1.6 1.6 1.6 1.6 1.7 1.7 1.7 1.7 1.7 1.7 1.65 1972 1.8 1.8 1.8 1.8 1.8 1.8 1.9 1.9 1.9 1.9 1.9 1.9 1.85 1973 2.1 2.1 2.1 2.4 2.4 2.4 2.7 2.7 2.7 4.1 4.1 4.1 2.83 1974 13 13 13 10.6 10.6 10.6 10 10 10 10.3 10.3 10.3 10.98 1975 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.5 10.5 10.5 10.43 1976 11.5 11.5 11.5 11.5 11.5 11.5 11.6 11.6 11.6 11.9 11.9 11.9 11.63 1977 12.5 12.5 12.5 12.4 12.4 12.4 12.6 12.6 12.6 12.7 12.7 12.7 12.55 1978 12.7 12.7 12.7 12.7 12.7 12.7 12.8 12.8 12.8 12.9 13.2 14.5 12.93 1979 15.9 19.5 20.8 21.2 34.3 32.8 32 32.3 34.5 36 39.5 39 29.82
Dubai Fateh (32° API) monthly prices, 1980s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 1980 38 36 35.8 35 35.6 36 33.3 32.3 32.3 36.8 39.8 39.3 35.85 1981 39.3 37.1 36.8 35.5 33.4 32.2 32 32.2 32.1 32.7 34.2 34.1 34.3 1982 34 30.4 28.6 30.9 33.3 32.7 31.7 31.2 33 33.4 31.8 30.1 31.76 1983 30 29 28.1 28.7 28.5 28.8 29 28.9 28.6 28.6 28.3 28.3 28.73 1984 27.7 27.6 27.8 28 28 27.9 27.3 27.2 27.4 27.1 27.1 26.8 27.49 1985 27.3 27.3 27.2 26.7 25.7 25.5 25.7 26.3 26.2 26.7 26.9 26.3 26.48 1986 25.4 14.8 11.5 10.3 11.5 10.2 7.9 12.2 13.1 13.2 13.6 14.9 13.22 1987 17.2 16.7 16.9 17 17.1 17.3 17.8 17.3 17 17.1 16.6 15.5 16.96 1988 15.4 15.1 13.4 15 14.9 13.8 13.1 13.2 11.6 10.3 10.6 12.5 13.24 1989 14.5 14.6 16 16.9 15.7 15.4 15.5 15 15.6 16.2 16.2 17.1 15.73
Dubai Fateh (32° API) monthly prices, 1990s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 1990 17.5 16.8 15.8 14.3 14.6 13.3 15.3 25 30.3 31.6 28 23.3 20.48 1991 19.4 14.5 14.9 15.4 15.9 15.4 16.3 16.7 17.8 19 18.5 15.3 16.59 1992 15.2 15.8 15.8 16.7 17.6 19 18.5 17.8 18.3 18.3 17.1 16.3 17.2 1993 15.2 16 16.3 16.4 16 15.6 14.3 14.8 14.2 14.8 13.7 12.2 14.96 1994 13.2 12.8 12.3 13.8 14.8 15.7 16.4 15.9 15.3 15.4 16 14.7 14.69 1995 16.1 16.6 16.5 17.4 17.3 16.2 15 15.4 15.7 14.9 15.6 16.8 16.13 1996 16.6 16.1 17.1 17.8 17 17 17.8 18.8 20.3 21.7 20.9 21.7 18.57 1997 21.3 18.6 18.1 16.8 18.5 17.3 17.3 17.8 18 19.1 18.4 16.2 18.12 1998 13.4 12.4 11.5 11.8 12.8 11.7 12 12.2 13.1 12.8 11.8 10.1 12.13 1999 10.8 10.1 12.4 15 15.3 15.5 17.9 19.3 21.8 21.3 23.1 23.6 17.18
Dubai Fateh (32° API) monthly prices, 2000s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2000 23.3 24.7 25.1 22 25.4 27.3 26 27.1 29.7 30.2 30.1 22.1 26.08 2001 22.7 24.7 23.4 24.1 25.6 25.6 23.4 24.3 24 19.5 17.5 17.6 22.7 2002 18.3 18.9 22.9 24.4 24.6 23.8 24.6 25.3 26.8 26.2 23.2 25.7 23.72 2003 28.1 30.2 27.4 23.4 24.3 25.5 26.6 27.6 25.3 27.1 27.5 27.9 26.74 2004 28.7 28.4 30.5 31.1 34.5 33.4 34.5 38.3 35.5 37.6 34.9 34.3 33.48 2005 37.8 40.9 45.6 47.1 45 51 52.9 56.6 56.5 53.7 51.3 53.1 49.29 2006 58.3 57.6 57.6 64.1 64.9 65.1 69 68.8 59.8 56.5 56.8 58.7 61.43 2007 52 55.7 59.1 63.8 64.5 65.8 69.5 67.2 73.3 77.1 86.7 85.8 68.38 2008 87.2 90 96.8 103.5 118.9 127.6 131.2 113.2 96 68.6 51.4 41 93.78 2009 45 43.1 45.6 50.2 57.4 69.2 65 71.3 67.9 73.3 77.6 75.5 61.76
Dubai Fateh (32° API) monthly prices, 2010s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2010 76.6 73.6 77.4 83.1 76.9 74 72.7 74.2 75.3 80.3 83.7 89.1 78.08 2011 92.4 100.3 108.6 115.7 108.5 107.5 110 105.1 106 103.7 108.6 106.2 106.1 2012 109.8 116.1 122.3 117.3 107.1 94.2 99.2 108.4 111 108.7 107.1 105.7 108.9 2013 107.6 111.1 105.4 101.7 100.3 100.3 103.4 107 108.4 106.3 105.9 107.9 105.4 2014 104 104.9 104.2 104.7 105.6 108 105.8 101.9 97 86.6 76.7 60.5 96.66 2015 46 55.8 54.9 58.8 63.7 61.8 56.3 47.2 46.2 46.6 42.2 34.8 51.19 2016 27 29.5 35.2 39 44 45.8 42.6 43.7 43.7 48.3 43.8 51.8 41.2 2017 53.4 54.2 51.2 52.5 50.3 46.4 47.6 50.4 53.9 55.6 60.6 61.4 53.13 2018 66 62.8 63.3 68.4 73.7 73.2 72.7 72.1 77 79 65.1 56.5 69.15 2019 59 64.3 66.8 70.7 69.1 61.3 62.9 58.9 60.8 58.5 61.4 64.4 63.17
Dubai Fateh (32° API) monthly prices, 2020s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2020 63.8 54.5 33.8 23.3 31.6 40.1 42.6 43.7 41.1 39.7 42.6 49.3 42.18 2021 54.2 60.4 64 62.4 66 71 73 68.9 72.2 81.2 79.8 72.8 68.83 2022 83.1 93.1 113.1 102.7 108.3 115.7 106.5 97.8 90.6 90.6 86.3 76.8 97.05 2023 80 81.2 77.5 83.8 75.1 74.7 80.5 86.6 93.1 90.6 83.5 77.2 81.98 2024 78.9 81.2 84.7 89.4 83.5 82.2 83.9 78 73.4 74.7 72.8 73.3 79.67 2025 80.1 75 71.7 66.9 63 68.5 69.2 67.9 67.8 64.3 63.8 62 68.35 2026 63.9 68.4 91.9 92.7 94.7 77.7 76.7 79.7 93.3 82.11
Average of Brent, Dubai and WTI ($/bbl) Average of Brent, Dubai and WTI monthly prices, 1960s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 1960 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1961 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1962 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1963 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1964 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1965 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1966 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1967 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1968 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1969 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3
Average of Brent, Dubai and WTI monthly prices, 1970s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 1970 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1971 1.6 1.6 1.6 1.6 1.6 1.6 1.7 1.7 1.7 1.7 1.7 1.7 1.65 1972 1.8 1.8 1.8 1.8 1.8 1.8 1.9 1.9 1.9 1.9 1.9 1.9 1.85 1973 2.1 2.1 2.1 2.4 2.4 2.4 2.7 2.7 2.7 4.1 4.1 4.1 2.83 1974 13 13 13 10.6 10.6 10.6 10 10 10 10.3 10.3 10.3 10.98 1975 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.5 10.5 10.5 10.43 1976 11.5 11.5 11.5 11.5 11.5 11.5 11.6 11.6 11.6 11.9 11.9 11.9 11.63 1977 12.5 12.5 12.5 12.4 12.4 12.4 12.6 12.6 12.6 12.7 12.7 12.7 12.55 1978 12.7 12.7 12.7 12.7 12.7 12.7 12.8 12.8 12.8 12.9 13.2 14.5 12.93 1979 17.5 20.8 22 22.4 33.5 34.7 33.5 34 35.5 37.3 40.8 39.8 30.98
Average of Brent, Dubai and WTI monthly prices, 1980s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 1980 39 37.3 37 36.6 37 37 35.4 32.9 32.8 37.4 40.3 39.8 36.88 1981 39.8 37.9 37.6 36.4 34.3 32.7 33.5 34 34 34.6 35.7 35.4 35.49 1982 35 32.3 30.2 31.6 33 32.8 32.9 32.4 33.5 33.8 32.8 31.5 32.65 1983 30.7 29.1 28.3 29.7 29.4 30 30.5 30.7 30.1 29.6 29.2 28.8 29.68 1984 29 29.2 29.5 29.6 29.5 29.1 28 28.2 28.4 27.9 27.7 26.8 28.58 1985 26.6 27.6 27.9 27.8 26.7 26.4 26.4 27 27 27.8 28.6 26.5 27.19 1986 24.7 15.9 12.7 11.9 13.7 11.9 9.6 13.7 14.1 14 14.5 15.7 14.37 1987 18.1 17.3 17.8 17.9 18.4 18.7 19.6 18.8 18.3 18.6 17.8 16.6 18.16 1988 16.5 15.9 14.8 16.5 16.2 15.3 14.5 14.6 13.1 12.2 12.5 14.7 14.73 1989 16.5 16.4 18 19.2 18 17.6 17.7 16.9 17.7 18.4 18.4 19.4 17.85
Average of Brent, Dubai and WTI monthly prices, 1990s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 1990 20.4 19.6 18.2 16.6 16.6 15.3 17.2 26.4 32.7 34.5 31.1 26.1 22.89 1991 22.6 18.1 18.1 18.5 18.8 17.9 19.1 19.4 20.1 21.5 20.8 17.8 19.39 1992 17.4 17.6 17.5 18.6 19.5 20.8 20.2 19.6 20.2 20.1 18.9 17.9 19.03 1993 17.2 18.2 18.5 18.4 18.2 17.5 16.3 16.5 15.9 16.5 15.2 13.8 16.85 1994 14.1 13.8 13.6 15.1 16.3 17.2 17.9 17 16.2 16.5 17.1 15.9 15.89 1995 16.9 17.4 17.3 18.6 18.4 17.4 16.1 16.5 16.8 16.1 16.7 17.9 17.18 1996 17.8 17.7 19.4 20.7 19.1 18.5 19.6 20.4 22.3 23.6 22.4 23.6 20.43 1997 23.2 20.4 19.3 17.9 19.4 17.9 18.3 18.7 18.7 20 19.1 17.1 19.17 1998 15 14.1 13.1 13.5 14 12.5 12.7 12.5 13.8 13.3 11.9 10.4 13.07 1999 11.4 10.8 13.2 15.9 16.1 16.4 19 20.3 22.7 22 24.2 25.1 18.09
Average of Brent, Dubai and WTI monthly prices, 2000s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2000 25.3 27.2 27.5 23.5 27.2 29.6 28.2 29.3 32.1 31.4 32.3 25.2 28.23 2001 26 27.2 25 25.7 27.5 27 24.8 25.8 25.2 20.7 18.7 18.5 24.34 2002 19.2 20 23.6 25.4 25.7 24.5 25.8 26.8 28.3 27.5 24.5 27.9 24.93 2003 30.8 32.9 30.4 25.6 26.1 27.9 28.6 29.7 26.9 29 29.1 30 28.92 2004 31.4 31.3 33.7 33.7 37.6 35.5 37.9 42.1 41.6 46.9 42.1 39 37.73 2005 43 44.8 50.9 50.6 47.8 53.9 56.4 61.9 61.7 58.2 55 56.4 53.38 2006 62.5 59.7 60.9 68 68.7 68.3 72.5 71.8 62.1 57.9 58.1 61 64.29 2007 53.5 57.6 60.6 65.1 65.2 68.2 73.6 70.1 76.8 82 91.3 89.5 71.12 2008 90.7 93.4 101.8 108.8 122.6 131.5 132.8 114.6 99.7 72.7 54 41.3 96.99 2009 43.9 41.8 46.6 50.3 58.2 69.1 64.7 71.6 68.3 74.1 77.6 74.9 61.76
Average of Brent, Dubai and WTI monthly prices, 2010s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2010 77.1 74.8 79.3 84.2 75.6 74.7 74.6 75.8 76.1 81.7 84.5 90 79.03 2011 92.7 97.9 108.6 116.2 108.1 105.8 107.9 100.5 100.8 99.8 105.4 104.2 104 2012 107.1 112.7 117.8 113.7 104.1 90.7 96.8 105.3 106.3 103.4 101.2 101.2 105 2013 105.1 107.6 102.5 98.9 99.4 99.7 105.3 108.2 108.8 105.4 102.6 105.5 104.1 2014 102.1 104.8 104 104.9 105.7 108.4 105.2 100.1 95.9 86.1 77 60.7 96.24 2015 47.1 54.8 52.8 57.5 62.5 61.3 54.3 45.7 46.3 47 43.1 36.6 50.75 2016 29.8 31 37.3 40.8 45.9 47.7 44.1 44.9 45 49.3 45.3 52.6 42.81 2017 53.6 54.4 50.9 52.2 49.9 46.2 47.7 49.9 53 54.9 59.9 61.2 52.82 2018 66.2 63.5 64.2 68.8 73.4 72 72.7 71.1 75.4 76.7 62.3 54 68.36 2019 56.6 61.1 63.8 68.6 66.8 59.8 61.5 57.7 60 57.3 60.4 63.4 61.42
Average of Brent, Dubai and WTI monthly prices, 2020s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2020 61.6 53.3 32.2 21 30.4 39.5 42.1 43.4 40.6 39.9 42.3 48.7 41.25 2021 53.6 60.5 63.8 63 66.4 71.8 73.3 68.9 72.8 82.1 79.9 72.9 69.08 2022 83.9 93.5 112.4 103.4 110.1 116.8 105.1 96 88.2 90.3 87.4 78.1 97.1 2023 80.4 80.3 76.5 82.5 74.1 73.3 79 84.7 92.2 89.1 81.4 75.7 80.77 2024 77.7 80.5 83.5 88 81.4 81.2 83.3 78.1 72.4 74 72.3 72.3 78.73 2025 78.2 73.8 70.7 65.9 62.7 69.1 69.2 66.7 66.5 63 62.3 60.9 67.42 2026 63.7 68 95.6 103.9 100.4 81.7 79.8 84.4 102.3 86.64
WTI (Cushing, 40° API) ($/bbl) WTI (Cushing, 40° API) monthly prices, 1980s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 1982 35.3 34.8 32.6 30.7 30.6 31.1 33.4 33.2 33.1 33 33 32.6 32.78 1983 31.1 29.2 28.7 30.6 30 31 31.6 32 31.3 30.4 30 29.2 30.42 1984 29.8 30.1 30.7 30.6 30.5 30 28.8 29.2 29.3 28.6 28.2 26.7 29.38 1985 25.7 27.4 28.3 28.9 27.7 27.2 26.9 27.6 27.7 28.9 29.9 27.4 27.8 1986 22.9 15.4 12.7 12.9 15.5 13.5 11.6 15.3 15 14.9 15.3 16.3 15.11 1987 18.6 17.8 18.5 18.7 19.4 20.1 21.3 20.2 19.5 19.9 18.9 17.3 19.18 1988 17.2 16.8 16.2 17.9 17.4 16.7 15.5 15.6 14.5 13.8 14 16.3 15.99 1989 18 17.8 19.5 21 20.1 20 19.8 18.6 19.6 20.1 19.8 21.1 19.62
WTI (Cushing, 40° API) monthly prices, 1990s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 1990 22.7 22.1 20.4 18.6 18.5 16.9 18.7 27.2 33.7 35.9 32.3 27.2 24.52 1991 24.7 20.6 19.9 20.8 21.3 20.2 21.5 21.7 21.9 23.3 22.6 19.6 21.51 1992 18.8 19 19 20.3 21 22.4 21.8 21.3 21.9 21.7 20.4 19.4 20.58 1993 19.1 20.1 20.4 20.3 20 19.2 17.9 18 17.5 18.2 16.8 15.6 18.59 1994 15 14.8 14.7 16.3 17.9 19.1 19.7 18.4 17.5 17.7 18.1 17.2 17.2 1995 18 18.5 18.5 19.9 19.6 18.5 17.4 18 18 17.3 17.8 18.8 18.36 1996 18.9 19.1 21.2 23.2 21.1 20.3 21.4 22 23.9 24.9 23.7 25.3 22.08 1997 24.9 21.8 20.7 19.4 20.5 18.9 19.3 19.6 19.6 21.2 19.9 18.1 20.33 1998 16.5 15.8 14.8 15.3 14.9 13.7 14.1 13.4 15 14.4 13 11.3 14.35 1999 12.5 12 14.7 17.3 17.8 17.9 20.1 21.3 23.9 22.6 24.9 26.1 19.26
WTI (Cushing, 40° API) monthly prices, 2000s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2000 27.3 29.3 29.9 25.8 28.8 31.9 30 31.3 33.9 33 34.4 28.4 30.33 2001 29.6 29.6 27.2 27.4 28.6 27.6 26.4 27.4 26.1 22.2 19.6 19.3 25.92 2002 19.7 20.7 24.4 26.2 27 25.5 26.9 28.4 29.7 28.9 26.3 29.4 26.09 2003 32.9 35.8 33.3 28.2 28.1 30.7 30.7 31.6 28.3 30.3 31.1 32.1 31.09 2004 34.2 34.7 36.7 36.7 40.3 38 40.8 44.9 45.9 53.2 48.4 43.2 41.42 2005 46.8 48 54.2 53 49.8 56.4 58.7 65 65.5 62.4 58.3 59.4 56.46 2006 65.5 61.6 62.9 69.4 70.9 70.9 74.4 73 63.8 58.9 59.1 62 66.03 2007 54.2 59.3 60.6 63.9 63.5 67.5 74.1 72.4 79.9 85.9 94.8 91.4 72.29 2008 93 95.4 105.5 112.6 125 133.9 133.4 116.6 103.9 76.6 57.3 41.4 99.55 2009 41.7 39.2 47.5 49.8 59.1 69.6 64.1 71.1 69.4 75.8 78 74.5 61.65
WTI (Cushing, 40° API) monthly prices, 2010s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2010 78.4 76.4 81.3 84.5 73.7 75.4 76.4 76.6 75.3 81.9 84.2 89.1 79.43 2011 89.4 89.5 102.9 110 101.3 96.3 97.3 86.3 85.6 86.4 97.1 98.6 95.06 2012 100.3 102.2 106.2 103.3 94.7 82.4 87.9 94.1 94.5 89.5 86.7 88.2 94.17 2013 94.7 95.3 92.9 92 94.8 95.8 104.7 106.5 106.2 100.5 93.9 97.9 97.93 2014 94.9 100.7 100.6 102.1 101.9 105.2 102.9 96.4 93.2 84.4 75.8 59.3 93.12 2015 47.3 50.6 47.8 54.4 59.3 59.8 50.9 42.9 45.5 46.2 42.7 37.2 48.72 2016 31.5 30.4 37.8 41 46.7 48.8 44.7 44.8 45.2 49.9 45.6 52 43.2 2017 52.5 53.4 49.6 51.1 48.5 45.2 46.7 48 49.8 51.6 56.7 57.9 50.92 2018 63.7 62.2 62.8 66.3 70 67.5 70.8 68 70.2 70.8 56.7 49 64.83 2019 51.5 55 58.2 63.9 60.8 54.7 57.5 54.8 57 54 57.1 59.8 57.03
WTI (Cushing, 40° API) monthly prices, 2020s, $/bbl Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2020 57.5 50.5 29.9 16.5 28.6 38.3 40.8 42.4 39.6 39.5 41.1 47.1 39.32 2021 52.1 59.1 62.4 61.7 65.2 71.4 72.5 67.7 71.6 81.3 79.2 71.5 67.98 2022 83.1 91.7 108.5 101.8 109.6 114.6 99.9 91.6 83.9 87.3 84.8 76.5 94.44 2023 78.1 76.8 73.4 79.4 71.6 70.2 76.4 81.4 89.6 85.6 77.4 72.1 77.67 2024 73.9 76.7 80.5 84.6 78.8 78.9 80.5 75.6 69.6 71.6 69.7 69.8 75.85 2025 75.1 71.3 67.8 63.1 61 67.5 67.4 64.1 63.7 60.2 59.6 57.9 64.89 2026 60.3 64.6 91.2 98.6 99.1 81.9 79.4 82.7 96.9 83.86
Method Nominal prices are the source's monthly averages in US dollars, stored in the source's unit and never mixed on one chart. Real prices divide each month by the US consumer price index for all urban consumers (BLS series CPIAUCSL, via FRED) and multiply by the 2024 average, so they read as "2024 dollars". Changes are ratios of monthly averages. The all-time high is the highest monthly average, not an intraday peak.
Downloads Cite as: Commodity Origins, "Crude oil price history (1960–2026)", https://commodityorigins.com/prices/crude-oil/, data 2026-10-02. Data updated 22 October 2026.