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 provided by the World Bank, the price of crude oil (worldwide average) was 79.80 USD per barrel in July 2026, versus 81.70 in the previous month. This constitutes a decrease of 2.33 percent.
Sample. In this monthly time series, there are 799 data points. The time range covered by the series goes from January 1960 to July 2026.
History. Take a look at a few statistics we computed on the full sample: the price hit a trough of 1.20 USD per barrel in January 1970; it attained a maximum of 132.80 in July 2008; it was equal on average to 34.38.
Latest values
| Date | Value - USD / barrel |
|---|---|
| 2026-05-31 | 100.4 |
| 2026-06-30 | 81.7 |
| 2026-07-31 | 79.8 |
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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 | 799 | 1960-01-31 | 2026-07-31 |
| Crude oil price (USD/bbl) - Europe - World Bank Pink Sheets - Monthly | 799 | 1960-01-31 | 2026-07-31 |
| Crude oil price (USD/bbl) - Asia - World Bank Pink Sheets - Monthly | 799 | 1960-01-31 | 2026-07-31 |
| Crude oil price (USD/bbl) - North America - World Bank Pink Sheets - Monthly | 535 | 1982-01-31 | 2026-07-31 |