Monthly average, September 2026
Spot price of Dubai Fateh crude, the benchmark for Middle East oil sold to Asia.
| Unit | Price (USD) |
|---|---|
| barrel | 93.30 |
| Year | Average | High | Low | Change | In today's dollars |
|---|---|---|---|---|---|
| 2026 | 82.11 | 94.70 | 63.90 | +20.1% | 83.27 |
| 2025 | 68.35 | 80.10 | 62.00 | −14.2% | 71.53 |
| 2024 | 79.67 | 89.40 | 72.80 | −2.8% | — |
| 2023 | 81.98 | 93.10 | 74.70 | −15.5% | — |
| 2022 | 97.05 | 115.70 | 76.80 | +41.0% | — |
| 2021 | 68.83 | 81.20 | 54.20 | +63.2% | — |
| 2020 | 42.18 | 63.80 | 23.30 | −33.2% | — |
| 2019 | 63.17 | 70.70 | 58.50 | −8.6% | — |
| 2018 | 69.15 | 79.00 | 56.50 | +30.2% | — |
| 2017 | 53.13 | 61.40 | 46.40 | +28.9% | — |
| 2016 | 41.20 | 51.80 | 27.00 | −19.5% | — |
| 2015 | 51.19 | 63.70 | 34.80 | −47.0% | — |
| 2014 | 96.66 | 108.00 | 60.50 | −8.3% | — |
| 2013 | 105.44 | 111.10 | 100.30 | −3.2% | — |
| 2012 | 108.91 | 122.30 | 94.20 | +2.7% | — |
| 2011 | 106.05 | 115.70 | 92.40 | +35.8% | — |
| 2010 | 78.08 | 89.10 | 72.70 | +26.4% | — |
| 2009 | 61.76 | 77.60 | 43.10 | −34.1% | — |
| 2008 | 93.78 | 131.20 | 41.00 | +37.2% | — |
| 2007 | 68.38 | 86.70 | 52.00 | +11.3% | — |
| 2006 | 61.43 | 69.00 | 56.50 | +24.6% | — |
| 2005 | 49.29 | 56.60 | 37.80 | +47.2% | — |
| 2004 | 33.48 | 38.30 | 28.40 | +25.2% | — |
| 2003 | 26.74 | 30.20 | 23.40 | +12.7% | — |
| 2002 | 23.72 | 26.80 | 18.30 | +4.5% | — |
| 2001 | 22.70 | 25.60 | 17.50 | −13.0% | — |
| 2000 | 26.08 | 30.20 | 22.00 | +51.9% | — |
| 1999 | 17.18 | 23.60 | 10.10 | +41.6% | — |
| 1998 | 12.13 | 13.40 | 10.10 | −33.0% | — |
| 1997 | 18.12 | 21.30 | 16.20 | −2.4% | — |
| 1996 | 18.57 | 21.70 | 16.10 | +15.1% | — |
| 1995 | 16.13 | 17.40 | 14.90 | +9.8% | — |
| 1994 | 14.69 | 16.40 | 12.30 | −1.8% | — |
| 1993 | 14.96 | 16.40 | 12.20 | −13.0% | — |
| 1992 | 17.20 | 19.00 | 15.20 | +3.7% | — |
| 1991 | 16.59 | 19.40 | 14.50 | −19.0% | — |
| 1990 | 20.48 | 31.60 | 13.30 | +30.3% | — |
| 1989 | 15.73 | 17.10 | 14.50 | +18.8% | — |
| 1988 | 13.24 | 15.40 | 10.30 | −21.9% | — |
| 1987 | 16.96 | 17.80 | 15.50 | +28.3% | — |
| 1986 | 13.22 | 25.40 | 7.90 | −50.1% | — |
| 1985 | 26.48 | 27.30 | 25.50 | −3.7% | — |
| 1984 | 27.49 | 28.00 | 26.80 | −4.3% | — |
| 1983 | 28.73 | 30.00 | 28.10 | −9.5% | — |
| 1982 | 31.76 | 34.00 | 28.60 | −7.4% | — |
| 1981 | 34.30 | 39.30 | 32.00 | −4.3% | — |
| 1980 | 35.85 | 39.80 | 32.30 | +20.2% | — |
| 1979 | 29.82 | 39.50 | 15.90 | +130.5% | — |
| 1978 | 12.93 | 14.50 | 12.70 | +3.1% | — |
| 1977 | 12.55 | 12.70 | 12.40 | +8.0% | — |
| 1976 | 11.63 | 11.90 | 11.50 | +11.5% | — |
| 1975 | 10.43 | 10.50 | 10.40 | −5.0% | — |
| 1974 | 10.98 | 13.00 | 10.00 | +288.5% | — |
| 1973 | 2.83 | 4.10 | 2.10 | +52.7% | — |
| 1972 | 1.85 | 1.90 | 1.80 | +12.1% | — |
| 1971 | 1.65 | 1.70 | 1.60 | +37.5% | — |
| 1970 | 1.20 | 1.20 | 1.20 | −7.7% | — |
| 1969 | 1.30 | 1.30 | 1.30 | 0.0% | — |
| 1968 | 1.30 | 1.30 | 1.30 | 0.0% | — |
| 1967 | 1.30 | 1.30 | 1.30 | −7.1% | — |
| 1966 | 1.40 | 1.40 | 1.40 | 0.0% | — |
| 1965 | 1.40 | 1.40 | 1.40 | −6.7% | — |
| 1964 | 1.50 | 1.50 | 1.50 | 0.0% | — |
| 1963 | 1.50 | 1.50 | 1.50 | 0.0% | — |
| 1962 | 1.50 | 1.50 | 1.50 | −6.2% | — |
| 1961 | 1.60 | 1.60 | 1.60 | 0.0% | — |
| 1960 | 1.60 | 1.60 | 1.60 | — | — |
Yearly averages of monthly prices. Today's dollars adjust for US consumer price inflation (CPI-U).
| Month | Price | Change |
|---|---|---|
| Sep 2026 | 93.30 | +17.1% |
| Aug 2026 | 79.70 | +3.9% |
| Jul 2026 | 76.70 | −1.3% |
| Jun 2026 | 77.70 | −18.0% |
| May 2026 | 94.70 | +2.2% |
| Apr 2026 | 92.70 | +0.9% |
| Mar 2026 | 91.90 | +34.4% |
| Feb 2026 | 68.40 | +7.0% |
| Jan 2026 | 63.90 | +3.1% |
| Dec 2025 | 62.00 | −2.8% |
| Nov 2025 | 63.80 | −0.8% |
| Oct 2025 | 64.30 | −5.2% |
| Sep 2025 | 67.80 | −0.1% |
| Aug 2025 | 67.90 | −1.9% |
| Jul 2025 | 69.20 | +1.0% |
| Jun 2025 | 68.50 | +8.7% |
| May 2025 | 63.00 | −5.8% |
| Apr 2025 | 66.90 | −6.7% |
| Mar 2025 | 71.70 | −4.4% |
| Feb 2025 | 75.00 | −6.4% |
| Jan 2025 | 80.10 | +9.3% |
| Dec 2024 | 73.30 | +0.7% |
| Nov 2024 | 72.80 | −2.5% |
| Oct 2024 | 74.70 | +1.8% |
The Crude oil (Dubai) price averaged 93.30 USD / barrel in September 2026, +37.6% against a year earlier. These are monthly benchmark prices; physical trades add freight, quality premiums and taxes.
The highest monthly price since 1960 was 131.20 USD / barrel in July 2008; the lowest was 1.20 USD / barrel in January 1970.
In today's dollars, the 2025 average of 68.35 USD / barrel is worth about 71.53 USD / barrel. The highest yearly average in today's dollars was 83.27 USD / barrel in 2026.
Source: World Bank Commodity Price Data (The Pink Sheet), licensed under CC BY 4.0; inflation adjustment with US CPI-U from the Bureau of Labor Statistics.