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WTI and Brent crude oil's average annual spot prices 1990-2021

Annual average WTI and Brent crude oil spot prices from 1990 to 2021

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Release date

February 2022

Region

Worldwide

Survey time period

1990 to 2021

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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* Prices do not include sales tax.

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