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Spot prices for Brent crude oil from 2022 to 2024, with a
What is UK's price in u.s. dollars per barrel? As of 2027*, it's 64.5 Price in U.S. dollars per barrel, down from 100.9 Price in U.S. dollars per barrel in 2022.
| Label | Price in U.S. dollars per barrel |
|---|---|
| 2022 | 100.94 Price in U.S. dollars per barrel |
| 2023 | 82.41 Price in U.S. dollars per barrel |
| 2024 | 80.56 Price in U.S. dollars per barrel |
| 2025 | 69.04 Price in U.S. dollars per barrel |
| 2026* | 78.84 Price in U.S. dollars per barrel |
| 2027* | 64.47 Price in U.S. dollars per barrel |
Data Source: Wantstats Repository
Spot prices for Brent crude oil from 2022 to 2024, with a: Key Points
- Over 2022-2025, UK's spot prices for Brent crude oil from 2022 to 2024, with a forecast until 2027 moved from 100.94 Price in U.S. dollars per barrel to 69.04 Price in U.S. dollars per barrel, a fall of 32% from start to finish.
- 2023-2025: Every year adds more down on top of the last. No setback anywhere in the run.
- 2023: A sudden drop — 100.94 to 82.41 Price in U.S. dollars per barrel (~18%) — that no other year in the series comes close to.
- By the last year on record, 2025, the figure sits at 69.04 Price in U.S. dollars per barrel — 31.6% below 2022.
Making Sense Of The Steady Decline
A trend this clean, held for 4 years, is the exception rather than the rule in most national indicator data — worth treating as a real, durable pattern rather than noise.
18% in a single year, 2023, is a lot. Before reading it as a real-world shift, check whether the data source changed methodology or survey basis around that year — it happens more often than you'd think with modeled national statistics.
This chart answers 'what happened' for UK, not 'is that good or bad' — that second question needs a comparison point, either other countries or a longer run of history than what's shown here.
This is UK data, published by the source linked below. Indicator series like this are usually modeled/estimated between survey years, not measured fresh every year — trust the multi-year direction over any one data point.
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