The data illustrates the average annual oil price for selected OPEC crude oils from 1960 to 2018. In 2017, the average annual oil price per barrel was 52.51 USD. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries. The following countries are members of the organization: Algeria, Angola, Ecuador, Gabon, Iraq, Iran, Qatar, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates.
OPEC crude oil prices
OPEC is the abbreviation for “Organization of the Petroleum Exporting Countries”.
