Dubai crude oil price and historical chart
The latest available Dubai crude oil reference is $102.70 USD per barrel for October 2026. Latest monthly release. It is a monthly average from World Bank Pink Sheet.
Dubai is a Middle Eastern crude pricing reference used in Asian trade. This chart shows World Bank monthly averages; it is not a daily Platts assessment or an Oman futures settlement.
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Historical currency views use the latest reference FX, not date-matched historical exchange rates.
The selected period in numbers.
monthly observations · 2021-10-01 to 2026-10-01 · USD / barrel · World Bank Pink Sheet
Extremes are stored observations, not intraday highs/lows. Negative historical oil prices are retained. Percentage changes crossing zero are withheld.
Understand Dubai.
World Bank Pink Sheet →Benchmark specification
- Region
- Middle East / Asian trade
- Quality / composition
- Medium sour crude reference
- Price type
- Monthly spot-price average
Reading the series
Dubai and Oman are often discussed together, but they are distinct references. Dubai assessments and Oman futures markers have different methodologies. Use the monthly comparison to align this dataset with WTI and Brent; daily and monthly observations should not be treated as interchangeable.
Timing and drivers
Monthly averages. The date denotes the month being measured, not the day of a transaction.
Watch: Asian refinery demand, medium-sour crude supply, freight and regional differentials.
Questions about the Dubai benchmark.
What does the Dubai benchmark represent?
A Middle Eastern pricing reference relevant to crude sold into Asian markets. The chart uses the World Bank Dubai monthly series. Dubai and Oman are often discussed together, but they are distinct references. Dubai assessments and Oman futures markers have different methodologies. Use the monthly comparison to align this dataset with WTI and Brent; daily and monthly observations should not be treated as interchangeable.
What Dubai price data is available here?
Monthly + yearly history. Monthly averages. The date denotes the month being measured, not the day of a transaction.
What can affect the Dubai benchmark?
The page identifies Middle East / Asian trade as its region and medium sour crude reference as its quality or composition. Factors to watch are asian refinery demand, medium-sour crude supply, freight and regional differentials.
How should Dubai be compared with another oil price?
Dubai is labelled as monthly spot-price average. Match the date, currency, barrel unit and price type before comparing it. The oil comparison workspace aligns available connected observations; it does not interpolate missing dates.
Yearly price archive.
USD per barrel, averaging available monthly observations. Partial years are labelled.
| Year | USD / barrel | Coverage |
|---|---|---|
| 2026 | 84.17 | 10 months · partial |
| 2025 | 68.35 | 12 months |
| 2024 | 79.67 | 12 months |
| 2023 | 81.98 | 12 months |
| 2022 | 97.05 | 12 months |
| 2021 | 68.83 | 12 months |
| 2020 | 42.17 | 12 months |
| 2019 | 63.17 | 12 months |
| 2018 | 69.15 | 12 months |
| 2017 | 53.12 | 12 months |
Behind the chart.
Data methodology →This chart separates the source observation, its period and its published unit from later currency or weight conversions.
What this price represents
Dubai is a Middle Eastern crude pricing reference used in Asian trade. This chart shows World Bank monthly averages; it is not a daily Platts assessment or an Oman futures settlement.
WTI and Brent keep two different series separate: indicative rolling-futures references checked every 15 minutes and delayed daily EIA spot observations distributed by FRED. A 15-minute check does not mean the upstream quote changes every 15 minutes. Dubai has monthly history only. Monthly observations are nominal USD averages from the World Bank Pink Sheet where available; palladium uses means of stored daily references. Yearly values are means of the available monthly averages, with incomplete periods labelled. Period averages describe the stated interval, not a current executable quote. Currency and weight conversions change the display, not the underlying specification.
What a physical transaction may cost
Grade, delivery location, fabrication, taxes and dealer spreads can change a real offer. Use a matching specification and period when comparing prices.
Recent observations
| Period | USD / barrel |
|---|---|
| Oct 2026 | 102.70 |
| Sep 2026 | 93.30 |
| Aug 2026 | 79.70 |
| Jul 2026 | 76.70 |
| Jun 2026 | 77.70 |
| May 2026 | 94.70 |
| Apr 2026 | 92.70 |
| Mar 2026 | 91.90 |
| Feb 2026 | 68.40 |
| Jan 2026 | 63.90 |
| Dec 2025 | 62.00 |
| Nov 2025 | 63.80 |
