Page 24 - Policy Economic Report - December 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Figure 13: Benchmark price of Brent, WTI and Dubai crude

125
115
105

95
85
75
65
55
45
35
25

Brent Spot Price ($/bbl) WTI Spot Price ($/bbl) Dubai spot price ($/bbl)

Source - World Bank

• Brent crude price averaged $61.58 per bbl in December 2025, down by 3.2% on a month on month
(MoM) and by 15.6% on year on year (YoY) basis, respectively.

• WTI crude price averaged $58.00 per bbl in December 2025, down by 3.0% on a month on month
(MoM) and by 16.7% on year on year (YoY) basis, respectively.

• Dubai crude price averaged $60.79 per bbl in December 2025, down by 3.2% on a month on month
(MoM) and by 15.7% on year on year (YoY) basis, respectively.

Table 2: Crude oil price in December, 2025

Crude oil Price ($/bbl) MoM YoY
(%) change (%) change
Brent 61.58
WTI 58.00 -3.2% -15.6%
Dubai 60.79 -3.0% -16.7%
Source - World Bank -3.2% -15.7%

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