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Prices of OPEC Reference Basket oils 2002-2018

Prices of OPEC Reference Basket oils from 2002 to 2018 (in U.S. dollars per barrel)

by M. Garside, last edited Aug 5, 2019
Prices of OPEC Reference Basket oils 2002-2018 This statistic depicts the prices of oils from the OPEC Reference Basket from 2002 to 2018, measured in U.S. dollars per barrel. Saharan Blend from Algeria stood at some 25 U.S. dollars per barrel in 2002. Ten years later, this figure increased to more than 111 U.S. dollars, before decreasing to 72.11 U.S. dollars in 2018. In 2015, the average annual OPEC crude oil price was 52.51 U.S. dollars per barrel, while in 2014 the price was nearly double that amount at 96.29 U.S. dollars per barrel. Comparatively, the price of West Texas Intermediate crude oil hit a low of 30.32 U.S. dollars per barrel in February 2016.
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Prices of OPEC Reference Basket oils from 2002 to 2018 (in U.S. dollars per barrel)

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