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) stood at 84.40 USD per barrel in August 2026, compared to 79.80 in the previous month. This constitutes a rise of 5.76 percent.
Sample. There are 800 data points in the monthly series displayed in the figure above. The series covers the span of time extending from January 1960 to August 2026.
History. Here's a peek at some statistics we calculated on the entire sample: the price reached its maximum of 132.80 USD per barrel in July 2008; it reached a minimum of 1.20 in January 1970; it averaged 34.44.
Latest values
| Date | Value - USD / barrel |
|---|---|
| 2026-06-30 | 81.7000 |
| 2026-07-31 | 79.8000 |
| 2026-08-31 | 84.4000 |
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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 | 800 | 1960-01-31 | 2026-08-31 |
| Crude oil price (USD/bbl) - Europe - World Bank Pink Sheets - Monthly | 800 | 1960-01-31 | 2026-08-31 |
| Crude oil price (USD/bbl) - Asia - World Bank Pink Sheets - Monthly | 800 | 1960-01-31 | 2026-08-31 |
| Crude oil price (USD/bbl) - North America - World Bank Pink Sheets - Monthly | 536 | 1982-01-31 | 2026-08-31 |