Global price of APSP crude oil index
POILAPSPINDEXM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
163.12
Year-over-Year Change
-18.67%
Date Range
1/1/1991 - 6/1/2025
Summary
The APSP crude oil index tracks the global price of a basket of crude oil benchmarks. It is a key indicator used by economists and policymakers to assess global energy market conditions and inflationary pressures.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The APSP (Average Petroleum Spot Price) crude oil index represents the average global price of a basket of crude oil blends, including West Texas Intermediate (WTI), Brent, and Dubai Fateh. This index is widely referenced as a barometer for the overall state of the global crude oil market.
Methodology
The index is calculated by the U.S. Energy Information Administration based on spot market prices for the major crude oil benchmarks.
Historical Context
The APSP index is closely monitored by central banks, energy analysts, and policymakers to gauge inflationary pressures and the health of the global economy.
Key Facts
- The APSP index represents a basket of major global crude oil benchmarks.
- Crude oil prices are a key driver of inflation and economic activity worldwide.
- The index is widely used by central banks and policymakers to assess energy market conditions.
FAQs
Q: What does this economic trend measure?
A: The APSP crude oil index tracks the average global price of a basket of major crude oil blends, including West Texas Intermediate (WTI), Brent, and Dubai Fateh.
Q: Why is this trend relevant for users or analysts?
A: The APSP index is a key indicator used by economists, policymakers, and market analysts to assess global energy market conditions and inflationary pressures.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Energy Information Administration based on spot market prices for the major crude oil benchmarks.
Q: How is this trend used in economic policy?
A: The APSP index is closely monitored by central banks, energy analysts, and policymakers to gauge inflationary pressures and the health of the global economy.
Q: Are there update delays or limitations?
A: The APSP index is published monthly by the U.S. Energy Information Administration with minimal delays.
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Citation
U.S. Federal Reserve, Global price of APSP crude oil index (POILAPSPINDEXM), retrieved from FRED.