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Spot crude prices: From 1972
This line chart shows spot crude prices for Dubai, Brent, Nigerian Focardos and West Texas Intermediate for the years 1972 to 2007. Spot crude prices are measured in $/bbl (US dollars per barrel of oil).

Image with a graph of Spot crude prices: From 1972
Spot crude prices: From 1972
  Units 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989
Oil: Prices - US dollars per barrel (from 1972) [7,8,9,10] $/bbl                                    
Dubai - Spot crude price [8] $/bbl 1.90 2.83 10.41 10.70 11.62 12.38 13.03 29.75 35.69 34.32 31.80 28.78 28.06 27.53 13.10 16.95 13.27 15.62
Brent - Spot crude price [9] $/bbl         12.80 13.92 14.02 31.61 36.83 35.93 32.97 29.55 28.78 27.56 14.43 18.44 14.92 18.23
Nigerian Forcados - Spot crude price $/bbl         12.87 14.21 13.65 29.25 36.98 36.18 33.29 29.54 28.14 27.75 14.46 18.39 15.00 18.30
West Texas Intermediate - spot crude price [10] $/bbl         12.23 14.22 14.55 25.08 37.96 36.08 33.65 30.30 29.39 27.98 15.10 19.18 15.97 19.68


Spot crude prices: From 1972
  Units 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Oil: Prices - US dollars per barrel (from 1972) [7,8,9,10] $/bbl                                    
Dubai - Spot crude price [8] $/bbl 20.45 16.63 17.17 14.93 14.74 16.10 18.52 18.23 12.21 17.25 26.20 22.81 23.74 26.78 33.64 49.35 61.50 68.19
Brent - Spot crude price [9] $/bbl 23.73 20.00 19.32 16.97 15.82 17.02 20.67 19.09 12.72 17.97 28.50 24.44 25.02 28.83 38.26 54.52 65.14 72.39
Nigerian Forcados - Spot crude price $/bbl 23.85 20.11 19.61 17.41 16.25 17.26 21.16 19.33 12.62 18.00 28.42 24.23 25.04 28.66 38.13 55.69 67.07 74.48
West Texas Intermediate - spot crude price [10] $/bbl 24.50 21.54 20.57 18.45 17.21 18.42 22.16 20.61 14.39 19.31 30.37 25.93 26.16 31.07 41.49 56.59 66.02 72.20

(7) Source: Platts.
For data whose source is Platts, the redistribution and reproduction of this data is strictly prohibited without prior authorization from Platts, email support@platts.com
(8) 1972-1985 Arabian Light, 1986-2007 Dubai dated.
(9) 1976-1983 Forties, 1984-2007 Brent dated.
(10) 1976-1983 Posted WTI prices, 1985-2007 Spot WTI (Cushing) prices.


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