Temporal Info: 
Monthly
Units: 
U. S. Dollars
Source: 
IMF 2012
Footnote: 

Official prices pulled on the 18th of each month from International Monetary Fund (IMF). 2010. IMF Primary Commodity Prices. Available online at: http://www.imf.org/external/np/res/commod/index.asp
Unofficial prices pulled on the first Friday of each month from the U.S. Energy Information Administration. World Crude Oil Prices. Available online at: http://www.eia.gov/dnav/pet/pet_pri_spt_s1_w.htm

Global oil price is the price in U.S. dollars per barrel of crude oil (petroleum). The official prices are calculated as a simple average of prices from Dated Brent, West Texas Intermediate, and the Dubai Fateh. Unofficial prices are calculated as a simple average of weekly prices from the U.S. Energy Information Administration.

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