Average Brent Crude Oil Price by Year Chart

Average Brent Crude Oil Price by Year Chart

This chart represents crude oil prices by year from 1990 through 2017 according to data obtained from the U.S. Energy Information Administration (EIA).

As you can see from the chart, there were three years in a row where the average crude oil price was over $100 per barrel – in 2011, 2012, and 2013.

The two next highest years for oil prices were 2008 and 2014.

The lowest average annual crude oil price was in 1998 when oil prices averaged under $13 per barrel.

Average Brent Crude Oil Prices by Year were as follows:

Year Ave. $ bbl
1990 $23.70
1991 $20.03
1992 $19.32
1993 $17.01
1994 $15.86
1995 $17.03
1996 $20.66
1997 $19.09
1998 $12.74
1999 $18.00
2000 $28.59
2001 $24.43
2002 $25.03
2003 $28.86
2004 $38.30
2005 $54.60
2006 $65.18
2007 $72.49
2008 $96.94
2009 $61.75
2010 $79.64
2011 $111.33
2012 $111.65
2013 $108.56
2014 $98.89
2015 $52.32
2016 $43.74
2017 $54.15

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