Global crude oil average price
Latest reading: 99.41 $/bbl (March 2026)
- 1-month change
- +43.2%
- 3-month change
- +60.8%
- 12-month change
- +38.6%
- Source
- FRED POILBREUSDM
Price history
Observations
| Date | Value ($/bbl) |
|---|---|
| Mar 1, 2026 | 99.41 |
| Feb 1, 2026 | 69.41 |
| Jan 1, 2026 | 64.59 |
| Dec 1, 2025 | 61.81 |
| Nov 1, 2025 | 63.69 |
| Oct 1, 2025 | 63.98 |
| Sep 1, 2025 | 67.61 |
| Aug 1, 2025 | 67.24 |
| Jul 1, 2025 | 69.56 |
| Jun 1, 2025 | 69.85 |
| May 1, 2025 | 64.09 |
| Apr 1, 2025 | 66.93 |
What the data shows
As of March 2026, global crude oil average price stands at 99.41 $/bbl (FRED: POILBREUSDM). That is +38.6% versus March 2025 (71.74 $/bbl), a sharply higher trajectory over the past year. Over the last three months the series has moved +60.8% and sharply higher; month-on-month it is +43.2% and sharply higher. The trailing twelve-month range runs from 61.81 $/bbl to 99.41 $/bbl. Procurement teams tracking global energy exposure should treat this series as a monthly benchmark when repricing contracts, modelling cost-pass-through, or reviewing supplier indexation clauses.
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