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Historical Global Crude Oil Data
Data Science and Analytics
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About
This dataset provides monthly crude oil prices from 1983 to the present, focusing on WTI (West Texas Intermediate) crude oil prices in US Dollars per barrel. Its primary purpose is to help users understand the profound impact of global oil prices on national economies. The data is regularly updated on a monthly basis, ensuring its relevance for current economic analysis and market insights.
Columns
- date: Represents the specific date on which the crude oil price was recorded. Data ranges from 1 March 1983 to 1 August 2025.
- price: Denotes the crude oil price in US Dollars per barrel (USD/Bbl). Values range from 10.4 USD/Bbl to 140 USD/Bbl, with a mean of 46.8 USD/Bbl.
- percentChange: Shows the percentage change in price compared to the previous date. Values range from a decrease of 54.2% to an increase of 88.4%.
- change: Indicates the absolute change in price compared to the previous date, expressed in USD/Bbl. Values range from a decrease of 32.8 USD/Bbl to an increase of 16.6 USD/Bbl.
Distribution
The dataset is provided in a CSV format (
crude-oil-price.csv). It has a file size of 22.44 kB and comprises 4 columns across approximately 510 records or rows, ensuring a consistent and structured data delivery.Usage
This dataset is ideal for:
- Economic Analysis: Studying the correlation between oil prices and macroeconomic indicators.
- Market Trend Analysis: Identifying historical patterns and future trends in the global oil market.
- Financial Forecasting: Developing models to predict future oil prices and their economic implications.
- Commodity Trading Strategies: Informing decisions for investors and traders in energy markets.
Coverage
The dataset covers global crude oil prices with a time range from March 1983 to August 2025. It focuses on the WTI crude oil benchmark, providing a broad historical perspective on energy markets.
License
CC0: Public Domain
Who Can Use It
- Economists and Researchers: For detailed studies on energy economics and policy impact.
- Financial Analysts and Investors: To inform investment decisions and risk assessments in the energy sector.
- Market Strategists: For developing insights into commodity market dynamics.
- Data Scientists: For building predictive models and data visualisations related to oil prices.
- Students and Academics: As a valuable resource for educational purposes and academic projects on global economics.
Dataset Name Suggestions
- Global Crude Oil Prices: 1983-Present
- Monthly WTI Crude Oil Prices Data
- Crude Oil Price & Economic Impact Dataset
- Historical Global Crude Oil Data
Attributes
Original Data Source: Historical Global Crude Oil Data
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