Average annual crude oil futures contract 3 prices 1990-2021

Average annual crude oil futures contract three prices in the U.S. from 1990 to 2021*

CharacteristicPrice 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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Source

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Release date

November 2022

Region

United States

Survey time period

1990 to 2021

Method of interview

Online survey

Supplementary notes

* 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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