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 63.65 USD per barrel in January 2026, compared to 60.88 in December 2025. This marks an increase of 4.55 percent.
Sample. In this monthly time series, there are 793 data points overall. The series covers the time period stretching from January 1960 to January 2026.
History. Take a look at some summary statistics we calculated on the whole sample: the price reached its highest level of 132.83 USD per barrel in July 2008; it hit a trough of 1.21 in January 1970; it was equal on average to 33.97.
Latest values
| Date | Value - USD / barrel |
|---|---|
| 2025-11-30 | 62.33633333333 |
| 2025-12-31 | 60.88 |
| 2026-01-31 | 63.652 |
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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 | 793 | 1960-01-31 | 2026-01-31 |
| Crude oil price (USD/bbl) - Europe - World Bank Pink Sheets - Monthly | 793 | 1960-01-31 | 2026-01-31 |
| Crude oil price (USD/bbl) - Asia - World Bank Pink Sheets - Monthly | 793 | 1960-01-31 | 2026-01-31 |
| Crude oil price (USD/bbl) - North America - World Bank Pink Sheets - Monthly | 529 | 1982-01-31 | 2026-01-31 |