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) stood at 100.43 USD per barrel in May 2026, compared to 103.91 in the previous month. This constitutes a decrease of 3.35 percent.
Sample. There are 797 records in the monthly series presented in the graph above. The time span covered by the series stretches from January 1960 to May 2026.
History. Here's a snapshot of a few simple statistics computed on the full sample: the price was equal on average to 34.26 USD per barrel; it reached a maximum of 132.83 in July 2008; it recorded a bottom of 1.21 in January 1970.
Latest values
| Date | Value - USD / barrel |
|---|---|
| 2026-03-31 | 95.58 |
| 2026-04-30 | 103.91 |
| 2026-05-31 | 100.43 |
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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 | 797 | 1960-01-31 | 2026-05-31 |
| Crude oil price (USD/bbl) - Europe - World Bank Pink Sheets - Monthly | 797 | 1960-01-31 | 2026-05-31 |
| Crude oil price (USD/bbl) - Asia - World Bank Pink Sheets - Monthly | 797 | 1960-01-31 | 2026-05-31 |
| Crude oil price (USD/bbl) - North America - World Bank Pink Sheets - Monthly | 533 | 1982-01-31 | 2026-05-31 |