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 63.04 USD per barrel in October 2025, compared to 66.46 in September. This marks a reduction of 5.15 percent.
Sample. There are 790 data points overall in the monthly time series shown in the graph above. The time range covered by the series extends from January 1960 to October 2025.
History. Check out a few summary statistics calculated on the whole sample: the price had an average value of 33.86 USD per barrel; it reached its lowest level of 1.21 in January 1970; it achieved a maximum of 132.83 in July 2008.
Latest values
| Date | Value - USD / barrel |
|---|---|
| 2025-08-31 | 66.71766666667 |
| 2025-09-30 | 66.457 |
| 2025-10-31 | 63.04033333333 |
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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 | 790 | 1960-01-31 | 2025-10-31 |
| Crude oil price (USD/bbl) - Europe - World Bank Pink Sheets - Monthly | 790 | 1960-01-31 | 2025-10-31 |
| Crude oil price (USD/bbl) - Asia - World Bank Pink Sheets - Monthly | 790 | 1960-01-31 | 2025-10-31 |
| Crude oil price (USD/bbl) - North America - World Bank Pink Sheets - Monthly | 526 | 1982-01-31 | 2025-10-31 |