Global price of APSP crude oil
POILAPSPUSDM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.25
Year-over-Year Change
-15.87%
Date Range
1/1/1990 - 6/1/2025
Summary
The global price of APSP crude oil is a widely tracked economic indicator that reflects the average daily price of a basket of crude oil blends from major oil-producing countries.
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) is a composite measure of crude oil prices calculated by the U.S. Energy Information Administration (EIA). It serves as a global benchmark for crude oil prices and is closely monitored by energy markets, policymakers, and economic analysts.
Methodology
The APSP is calculated as the average of spot prices for three major crude oil blend streams: West Texas Intermediate (WTI), Brent, and the Dubai Fateh.
Historical Context
Changes in the global APSP price can have significant impacts on energy costs, transportation, and the broader economy.
Key Facts
- The APSP is a volume-weighted average of three major crude oil blends.
- Crude oil is a critical input for transportation, manufacturing, and electricity generation.
- Changes in APSP prices can impact inflation, consumer spending, and business investment.
FAQs
Q: What does this economic trend measure?
A: The global APSP crude oil price measures the average daily spot price of a basket of major crude oil blends from around the world.
Q: Why is this trend relevant for users or analysts?
A: The APSP crude oil price is a widely followed benchmark that provides insight into global energy market dynamics and can have broad economic implications.
Q: How is this data collected or calculated?
A: The APSP is calculated by the U.S. Energy Information Administration as the volume-weighted average of spot prices for West Texas Intermediate, Brent, and Dubai Fateh crude oil blends.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the APSP crude oil price to assess the impacts of energy costs on inflation, consumer spending, business investment, and the broader economy.
Q: Are there update delays or limitations?
A: The APSP crude oil price is updated daily by the EIA and is considered a reliable and timely indicator of global energy market conditions.
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Citation
U.S. Energy Information Administration, APSP Crude Oil (POILAPSPUSDM), retrieved from FRED.