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 published 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. The monthly time series shown in the chart has 788 observations. The span of time covered by the series goes from January 1960 to August 2025.
History. Here’s a quick look at some statistics we calculated on the entire sample: the price reached its lowest level of 1.21 USD per barrel in January 1970; it reached a maximum of 132.83 in July 2008; it was equal on average to 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: 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 |