UK Brent crude oil price changes from 1976 to 2014 (annual averages in U.S. dollars per barrel)

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 Average crude oil price in U.S. dollars per barrel
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This statistic shows the UK Brent crude oil price fluctuation since 1976 as a time series. In 1980, the average price of UK Brent crude oil was at 36.8 U.S. dollars 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.

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