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 prepared 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 2025. This marks a reduction of 3.57 percent.
Sample. In the monthly time series plotted above, there are 788 data points. The span of time covered by the series stretches from January 1960 to August 2025.
History. Check out a few statistics we calculated on the full sample: the price had an average value of 33.78 USD per barrel; it reached a minimum of 1.21 in January 1970; it hit a peak of 132.83 in July 2008.
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 |