Crude oil price (USD/bbl) - World average - World Bank Pink Sheets - Monthly
This series is part of the dataset: Oil prices (World Bank Pink Sheets)
Download Full Dataset (.xlsx)Latest updates. According to statistics compiled by the World Bank, the price of crude oil (worldwide average) was 66.72 USD per barrel in August 2025, compared to 69.19 in July. This marks a reduction of 3.57 percent.
Sample. This monthly time series has 788 observations. The series covers the span of time going from January 1960 to August 2025.
History. Here’s a quick look at a few descriptive statistics we calculated on the full sample: the price reached a trough of 1.21 USD per barrel in January 1970; it peaked at 132.83 in July 2008; it had a mean value of 33.78.
Latest values
| Date | Value - USD / barrel |
|---|---|
| 2025-06-30 | 69.14666666667 |
| 2025-07-31 | 69.19033333333 |
| 2025-08-31 | 66.71766666667 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Commodity price |
| Country or region | World |
| Economic concept | Price |
| Data type | Price estimates |
| Seasonally adjusted | No |
| Frequency | Monthly |
| Unit | USD / barrel |
| Sources | World Bank |
| Source type | International organization |
| Data licence | Creative Commons Attribution Licence |
| Measure type | Level |
Series in the same data set
Discover the other time series included in this data set.
Oil prices
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| Crude oil price (USD/bbl) - World average - World Bank Pink Sheets - Monthly | 788 | 1960-01-31 | 2025-08-31 |
| Crude oil price (USD/bbl) - Europe - World Bank Pink Sheets - Monthly | 788 | 1960-01-31 | 2025-08-31 |
| Crude oil price (USD/bbl) - Asia - World Bank Pink Sheets - Monthly | 788 | 1960-01-31 | 2025-08-31 |
| Crude oil price (USD/bbl) - North America - World Bank Pink Sheets - Monthly | 524 | 1982-01-31 | 2025-08-31 |