Average annual WTI crude oil spot prices 1990-2018

This statistic shows the spot price for West Texas Intermediate crude oil between 1990 and 2018. In 2018, the average spot price for West Texas Intermediate crude came to around 65 U.S. dollars per barrel.

Average annual WTI crude oil spot price from 1990 to 2018 (U.S. dollars per barrel)*

Price in U.S. dollars per barrel
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Sources

Release date

December 2019

Region

United States

Survey time period

1990 to 2018

Method of interview

Online survey

Supplementary notes

* All prices are FOB (Free on Board) prices originating from Cushing, Oklahoma.
According to the EIA, FOB denotes a transaction whereby the seller makes the product available with an agreement on a given port at a given price; it is the responsibility of the buyer to arrange for the transportation and insurance.

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