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OPEC crude oil price change 1960-2013

Average prices for OPEC crude oil from 1960 to 2013 (in U.S. dollars per barrel)

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Worldwide; MWV; OPEC; Petroleum Intelligence Weekly; 1960 to 2013 Source: MWV; OPEC; Petroleum Intelligence Weekly

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This statistic depicts the change in average prices for selected OPEC crude oils between 1960 and 2013. In 1961, the oil price per barrel was 1.57 U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries. The following countries are members of the organization: Algeria, Angola, Ecuador, Indonesia, Iraq, Iran, Qatar, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela and the United Arab Emirates.

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