WTI and Brent crude oil's average annual spot prices 1990-2023

Annual average WTI and Brent crude oil spot prices from 1990 to 2023

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Release date

January 2024

Region

Worldwide

Survey time period

1990 to 2023

Supplementary notes

All prices are "Free On Board" (FOB) prices originating from Cushing, Oklahoma and the North Sea region, respectively.

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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1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

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