Bitcoin vs Oil
How much oil can one Bitcoin buy?
Bitcoin’s price measured in barrels of US crude oil, month by month.
Barrels of US crude oil one Bitcoin buys
Bitcoin’s average price each month divided by the price of one barrel of US crude oil. A higher line means one Bitcoin buys more oil.
The price of oil and the price of Bitcoin, in dollars
Monthly average prices in US dollars since 2010. Oil’s prices are on the scale beside the chart, and Bitcoin is the white line, with its prices on the far right. Each line has its own scale, so the chart shows when each rose or fell, not by how much. Bitcoin’s moves were far bigger.
Right now
One Bitcoin buys 841 barrels of US crude oil.
Based on average prices in Oct 2026.
US crude oil price
$97.70 per barrel
Bitcoin’s average price
$82,132
Understanding
Bitcoin vs Oil
One Bitcoin buys 841 barrels of US crude oil as of .
One Bitcoin averaged $82,132 as of .
Why measure Bitcoin in oil?
Oil goes into fuel, transport and much of what people buy, so its price is a rough gauge of the cost of real things. Pricing Bitcoin in barrels shows how much of that one Bitcoin can buy.
What does a rising line mean?
A rising line means one Bitcoin buys more oil than before. A falling line means oil has gained on Bitcoin. Oil’s own price swings with wars, weather and supply cuts, and that shows up here too.
How is it worked out?
For each month, Bitcoin’s average daily closing price is divided by that month’s average price of West Texas Intermediate, the main US crude oil price. The result is how many barrels of oil one Bitcoin would have bought. A barrel is 42 US gallons.
What does it not tell you?
It compares two prices. It does not say why either one moved, or where either will go next.
Keep exploring
Source: Maketo, World Bank, Commodity Price Data (The Pink Sheet), CC BY 4.0.