Annual futures contract three price for Cushing Oklahoma crude oil stood at 67.3 U.S. dollars per barrel in 2021, an increase compared to the previous years. During the period in consideration, figures peaked at over 100 U.S. dollars per barrel in 2008.
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Average annual crude oil futures contract three prices in the U.S. from 1990 to 2021*
(U.S. dollars per barrel)
Characteristic
Price in U.S. dollars per barrel
2021
67.3
2020
40.88
2019
57.17
2018
64.27
2017
51.41
2016
45.13
2015
50.53
2014
91.81
2013
97.88
2012
94.95
2011
96.29
2010
81.25
2005
57.87
Created with Highcharts 7.2.2Price in U.S. dollars per barrel1990199520002005201020112012201320142015201620172018201920202021
020406080100120
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* All prices refer to light sweet oil from Cushing, Oklahoma, traded at the New York Mercantile Exchange, U.S. Contracts 2-4 represent the successive delivery months following Contract 1. Contract 1 is a futures contract specifying the earliest delivery date. For crude oil, each contract expires on the third business day prior to the 25th calendar day of the month preceding the delivery month. If the 25th calendar day of the month is a non-business day, trading ceases on the third business day prior to the business day preceding
the 25th calendar day. After a contract expires, Contract 1 for the remainder of that calendar month is the second following month.
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EIA. (November 30, 2022). Average annual crude oil futures contract three prices in the U.S. from 1990 to 2021* (U.S. dollars per barrel) [Graph]. In Statista. Retrieved July 04, 2025, from https://www.statista.com/statistics/209581/average-annual-futures-contract-3-price-of-crude-oil/
EIA. "Average annual crude oil futures contract three prices in the U.S. from 1990 to 2021* (U.S. dollars per barrel)." Chart. November 30, 2022. Statista. Accessed July 04, 2025. https://www.statista.com/statistics/209581/average-annual-futures-contract-3-price-of-crude-oil/
EIA. (2022). Average annual crude oil futures contract three prices in the U.S. from 1990 to 2021* (U.S. dollars per barrel). Statista. Statista Inc.. Accessed: July 04, 2025. https://www.statista.com/statistics/209581/average-annual-futures-contract-3-price-of-crude-oil/
EIA. "Average Annual Crude Oil Futures Contract Three Prices in The U.S. from 1990 to 2021* (U.S. Dollars per Barrel)." Statista, Statista Inc., 30 Nov 2022, https://www.statista.com/statistics/209581/average-annual-futures-contract-3-price-of-crude-oil/
EIA, Average annual crude oil futures contract three prices in the U.S. from 1990 to 2021* (U.S. dollars per barrel) Statista, https://www.statista.com/statistics/209581/average-annual-futures-contract-3-price-of-crude-oil/ (last visited July 04, 2025)
Average annual crude oil futures contract three prices in the U.S. from 1990 to 2021* (U.S. dollars per barrel) [Graph], EIA, November 30, 2022. [Online]. Available: https://www.statista.com/statistics/209581/average-annual-futures-contract-3-price-of-crude-oil/
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