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 60.88 USD per barrel in December 2025, versus 62.34 in the previous month. This marks a decrease of 2.34 percent.
Sample. There are 792 observations overall in the monthly series presented in the figure above. The period covered by the series stretches from January 1960 to December 2025.
History. Here’s a quick look at some summary statistics computed on the entire sample: the price peaked at 132.83 USD per barrel in July 2008; it recorded a minimum of 1.21 in January 1970; it was equal on average to 33.93.
Latest values
| Date | Value - USD / barrel |
|---|---|
| 2025-10-31 | 63.04033333333 |
| 2025-11-30 | 62.33633333333 |
| 2025-12-31 | 60.88 |
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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 | 792 | 1960-01-31 | 2025-12-31 |
| Crude oil price (USD/bbl) - Europe - World Bank Pink Sheets - Monthly | 792 | 1960-01-31 | 2025-12-31 |
| Crude oil price (USD/bbl) - Asia - World Bank Pink Sheets - Monthly | 792 | 1960-01-31 | 2025-12-31 |
| Crude oil price (USD/bbl) - North America - World Bank Pink Sheets - Monthly | 528 | 1982-01-31 | 2025-12-31 |