Page 27 - FIPI - Policy Economic Report - May 2025
P. 27
POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
Figure 15: Benchmark price of Brent, WTI and Dubai crude
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Brent Spot Price ($/bbl) WTI Spot Price ($/bbl) Dubai spot price ($/bbl)
Source- World Bank
? Brent crude price averaged $63.67 per bbl in May 2025, down by 4.6% on a month on month (MoM)
and by 23.5% on year on year (YoY) basis, respectively.
? WTI crude price averaged $60.77 per bbl in May 2025, down by 4.2% on a month on month (MoM)
and by 23.0% on year on year (YoY) basis, respectively.
? Dubai crude price averaged $62.84 per bbl in May 2025, down by 4.6% on a month on month (MoM)
and by 23.8% on year on year (YoY) basis, respectively.
Table 2: Crude oil price in May, 2025
Crude oil Price ($/bbl) MoM YoY
(%) change (%) change
Brent 63.67 -4.6% -23.5%
WTI 60.77 -4.2% -23.0%
Dubai 62.84 -4.6% -23.8%
Source- World Bank
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