Crude Oil Price
The world benchmark for fuel costs — diesel and gasoline for farm machinery are refined from it, and it indirectly drives fertilizer prices too, since natural gas (used to make nitrogen fertilizer) tends to move with broader energy markets. Tracked here as the average of Brent, Dubai and WTI, the three main global crude benchmarks. Prices are driven by OPEC+ production decisions, geopolitical supply disruptions, and global demand.
Latest World price (2025-12): -23% vs. the 5-year average, -8% vs. the 10-year average, -16% vs. a year ago.
Price Chart
"World" is the global benchmark price (World Bank Pink Sheet, monthly since 1960, where available). Currency conversion uses monthly ECB reference rates since 1999 (some currencies joined later) — for comparison, not precise historical FX accounting.