Global price of Dubai Crude
POILDUBUSDM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.36
Year-over-Year Change
-17.54%
Date Range
1/1/1990 - 6/1/2025
Summary
The global price of Dubai Crude is a key benchmark for crude oil prices in the Middle East, Asia, and Europe. It serves as an important indicator of energy market trends and global economic conditions.
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
Dubai Crude is a medium sour crude oil produced in the United Arab Emirates. It is one of the primary crude oil benchmarks used globally, alongside Brent and West Texas Intermediate. The Dubai Crude price provides a reference point for transactions and policy decisions related to the supply and demand of crude oil.
Methodology
The Dubai Crude price is calculated based on trading activity and reported by energy information providers.
Historical Context
The global price of Dubai Crude is closely monitored by policymakers, investors, and industry participants to gauge the state of the international oil market and its macroeconomic implications.
Key Facts
- Dubai Crude is a medium sour crude oil produced in the United Arab Emirates.
- It is one of the three main global crude oil benchmarks, along with Brent and West Texas Intermediate.
- The Dubai Crude price reflects supply and demand conditions in the Middle East, Asia, and Europe.
FAQs
Q: What does this economic trend measure?
A: The global price of Dubai Crude is a key benchmark for crude oil prices in the Middle East, Asia, and Europe. It serves as an important indicator of energy market trends and global economic conditions.
Q: Why is this trend relevant for users or analysts?
A: The Dubai Crude price is closely monitored by policymakers, investors, and industry participants to gauge the state of the international oil market and its macroeconomic implications.
Q: How is this data collected or calculated?
A: The Dubai Crude price is calculated based on trading activity and reported by energy information providers.
Q: How is this trend used in economic policy?
A: The global price of Dubai Crude is used by policymakers, markets, and economists to assess the state of the international oil market and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The Dubai Crude price data is updated regularly by energy information providers, with minimal delays in reporting.
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Citation
U.S. Federal Reserve, Global price of Dubai Crude (POILDUBUSDM), retrieved from FRED.