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Brent crude oil price annually 1976-2018

Average annual Brent crude oil price from 1976 to 2018 (in U.S. dollars per barrel)

The data displays the Brent crude oil price from 1976 to 2018. In 2017, the average price of Brent crude oil was at 54.25 USD per barrel. Brent is the world's leading price benchmark for Atlantic basin crude oils. The price of crude oil is closely observed as it influences costs across all stages of the production process and consequently alters the price of consumer goods as well.

Crude oil benchmarks In 2017, the Brent crude oil prices totaled an average of 54.25 USD per barrel, down significantly from the 2014 average price of 99 USD per barrel.

2018 71.17
2017 54.25
2016 43.55
2015 52.35
2014 99.03
2013 108.56
2012 111.63
2011 111.27
2010 79.47
2009 61.51
2008 96.99
2007 72.52
2006 65.14
2005 54.38
2004 38.1
2003 28.83
2002 25.01
2001 24.45
2000 28.4
1999 17.9
1998 12.8
1997 19.1
1996 20.8
1995 17.2
1994 16
1993 17.1
1992 19.4
1991 20.1
1990 23.8
1989 18.2
1988 15
1987 18.4
1986 14.4
1985 27.5
1984 28.7
1983 29.6
1982 33
1981 35.9
1980 36.8
1979 31.6
1978 14
1977 13.9
1976 12.8