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Oil Prices in 1990: WTI & Brent History and Monthly Averages

WTI average
$24.53
EIA annual average
WTI vs prior year
+24.9%
1989: $19.64
Brent average
$23.76
EIA annual average
Brent vs prior year
+30.3%
1989: $18.23

WTI averaged $24.53 per barrel in 1990, up $4.89 (24.9%) from 1989; that was the highest annual average since EIA's WTI series began in 1986.

Monthly average prices in 1990

Monthly averages and daily ranges, 1990 ($/bbl)
MonthWTI avgWTI highWTI lowBrent avgBrent − WTI (matched dates)WTI (September 2026 $)Brent (September 2026 $)
January$22.86$24.48$21.64$21.25−$1.61$60.46$56.20
February$22.11$23.04$21.13$19.81−$2.30$58.20$52.15
March$20.39$21.62$19.34$18.39−$2.00$53.38$48.15
April$18.43$20.51$16.95$16.61−$1.84$48.18$43.42
May$18.20$19.73$16.02$16.35−$1.85$47.46$42.64
June$16.70$17.60$15.43$15.10−$1.59$43.32$39.17
July$18.45$20.57$16.49$17.17−$1.28$47.67$44.37
August$27.31$31.67$21.59$27.17−$0.14$69.92$69.56
September$33.51$39.77$27.45$34.90+$1.39$85.09$88.61
October$36.04$41.07$28.46$36.02−$0.02$90.96$90.91
November$32.33$35.61$29.08$33.07+$0.74$81.41$83.28
December$27.28$29.40$25.30$28.27+$0.99$68.70$71.19

Monthly averages are EIA's published figures. Brent − WTI is the average over dates with both prices published, so it can differ from the difference between the two monthly averages. Inflation-adjusted columns use CPI-U for each month, expressed in September 2026 dollars; “—” means CPI-U for that month is not available.

From $15.43 on Jun 20, 1990, WTI climbed to $41.07 by Oct 11, 1990, a 166% gain. The price moved by 5% or more in a single day 38 times. Second-half prices averaged $29.15, up from $19.79 in the first half. The steepest fall within the year ran from $41.07 on Oct 11, 1990 to $25.30 on Dec 12, 1990, a 38% drop.

The Brent–WTI spread changed sign during 1990: Brent's monthly average was below WTI's in 9 of 12 months and above it in the rest, for an average of −$0.79 on 256 matched dates. Brent averaged $23.76, up $5.53 (30.3%) from 1989.

The monthly average was lowest in June ($16.70) and highest in October ($36.04). In September 2026 dollars (CPI-U), the 1990 average is $63.24, lower than 2025's real average by $5.20 (7.6%). The 1990s as a whole averaged $19.70, so 1990 ran above its decade. Of 40 complete years with an EIA annual average, 1990 ranks 14th lowest.

1990 summary statistics

MeasureWTIBrentBrent − WTI
Average$24.53$23.76−$0.79
Change vs 1989 average+$4.89+$5.53+$0.60
Highest daily price$41.07 Oct 11, 1990$41.45 Sep 27, 1990—
Lowest daily price$15.43 Jun 20, 1990$14.68 Jun 8, 1990—
Highest daily spread——+$3.08 Sep 3, 1990
Lowest daily spread——−$3.93 Jan 25, 1990
First observation$22.88 Jan 2, 1990$21.20 Jan 2, 1990—
Last observation$28.48 Dec 31, 1990$28.35 Dec 31, 1990—
Published daily observations257256256 matched
Average in September 2026 dollars$63.24$61.25—

Daily spot prices in 1990

Show all 257 dates (Jan 2, 1990 – Dec 31, 1990)
DateWTIBrentBrent − WTI
Jan 2, 1990$22.88$21.20−$1.68
Jan 3, 1990$23.81$22.65−$1.16
Jan 4, 1990$23.41$22.50−$0.91
Jan 5, 1990$23.07$23.13+$0.06
Jan 8, 1990$21.64$21.38−$0.26
Jan 9, 1990$22.25$21.03−$1.22
Jan 10, 1990$22.90$21.95−$0.95
Jan 11, 1990$23.15$21.88−$1.27
Jan 12, 1990$23.17$22.13−$1.04
Jan 15, 1990$22.36$21.60−$0.76
Jan 16, 1990$22.61$21.15−$1.46
Jan 17, 1990$22.11$20.45−$1.66
Jan 18, 1990$22.78$20.78−$2.00
Jan 19, 1990$23.70$21.28−$2.42
Jan 22, 1990$22.57$20.88−$1.69
Jan 23, 1990$22.34$20.23−$2.11
Jan 24, 1990$23.43$20.18−$3.25
Jan 25, 1990$24.48$20.55−$3.93
Jan 26, 1990$22.56$20.63−$1.93
Jan 29, 1990$22.79$20.73−$2.06
Jan 30, 1990$22.29$20.73−$1.56
Jan 31, 1990$22.69$20.50−$2.19
Feb 1, 1990$22.71$20.58−$2.13
Feb 2, 1990$23.04$20.73−$2.31
Feb 5, 1990$22.44$20.73−$1.71
Feb 6, 1990$22.36$20.60−$1.76
Feb 7, 1990$22.40$20.15−$2.25
Feb 8, 1990$22.11$20.05−$2.06
Feb 9, 1990$21.82$19.75−$2.07
Feb 12, 1990$22.02$19.68−$2.34
Feb 13, 1990$21.88$20.03−$1.85
Feb 14, 1990$22.12$19.60−$2.52
Feb 15, 1990$22.86$19.90−$2.96
Feb 16, 1990$22.46$19.88−$2.58
Feb 19, 1990$22.46$19.95−$2.51
Feb 20, 1990$22.20$19.68−$2.52
Feb 21, 1990$21.87$19.50−$2.37
Feb 22, 1990$21.40$19.35−$2.05
Feb 23, 1990$21.13$18.78−$2.35
Feb 26, 1990$21.81$18.90−$2.91
Feb 27, 1990$21.62$19.23−$2.39
Feb 28, 1990$21.55$19.20−$2.35
Mar 1, 1990$21.19$19.33−$1.86
Mar 2, 1990$21.36$19.18−$2.18
Mar 5, 1990$21.62$19.15−$2.47
Mar 6, 1990$21.30$19.18−$2.12
Mar 7, 1990$20.93$18.95−$1.98
Mar 8, 1990$20.80$18.73−$2.07
Mar 9, 1990$20.42$18.68−$1.74
Mar 12, 1990$20.26$18.30−$1.96
Mar 13, 1990$20.15$18.53−$1.62
Mar 14, 1990$20.07$18.33−$1.74
Mar 15, 1990$20.38$18.48−$1.90
Mar 16, 1990$20.09$18.40−$1.69
Mar 19, 1990$19.60$17.83−$1.77
Mar 20, 1990$19.34$17.75−$1.59
Mar 21, 1990$19.59$17.78−$1.81
Mar 22, 1990$19.85$17.83−$2.02
Mar 23, 1990$20.28$17.88−$2.40
Mar 26, 1990$20.48$18.23−$2.25
Mar 27, 1990$20.36$18.10−$2.26
Mar 28, 1990$20.09$18.03−$2.06
Mar 29, 1990$20.03$17.90−$2.13
Mar 30, 1990$20.34$17.95−$2.39
Apr 2, 1990$20.51$18.18−$2.33
Apr 3, 1990$20.23$18.20−$2.03
Apr 4, 1990$19.78$17.95−$1.83
Apr 5, 1990$19.48$17.55−$1.93
Apr 6, 1990$19.15$17.10−$2.05
Apr 9, 1990$18.32$16.53−$1.79
Apr 10, 1990$17.56$15.93−$1.63
Apr 11, 1990$18.19$15.30−$2.89
Apr 12, 1990$17.76$15.80−$1.96
Apr 16, 1990$17.87——
Apr 17, 1990$17.37$15.70−$1.67
Apr 18, 1990$16.95$15.33−$1.62
Apr 19, 1990$17.93$16.13−$1.80
Apr 20, 1990$17.90$16.35−$1.55
Apr 23, 1990$18.60$16.95−$1.65
Apr 24, 1990$17.85$16.75−$1.10
Apr 25, 1990$17.49$16.50−$0.99
Apr 26, 1990$18.50$16.60−$1.90
Apr 27, 1990$18.57$16.43−$2.14
Apr 30, 1990$18.50$16.35−$2.15
May 1, 1990$18.76$16.43−$2.33
May 2, 1990$18.63$16.58−$2.05
May 3, 1990$17.98$15.93−$2.05
May 4, 1990$17.98$15.58−$2.40
May 7, 1990$18.30$15.65−$2.65
May 8, 1990$18.26$16.18−$2.08
May 9, 1990$19.01$16.45−$2.56
May 10, 1990$19.03$16.70−$2.33
May 11, 1990$18.96$16.73−$2.23
May 14, 1990$19.73$17.40−$2.33
May 15, 1990$19.52$17.40−$2.12
May 16, 1990$19.05$17.25−$1.80
May 17, 1990$18.89$17.05−$1.84
May 18, 1990$18.78$17.08−$1.70
May 21, 1990$18.26$16.65−$1.61
May 22, 1990$17.51$16.48−$1.03
May 23, 1990$16.25$15.70−$0.55
May 24, 1990$16.02$15.80−$0.22
May 25, 1990$16.12$15.95−$0.17
May 29, 1990$18.00$15.48−$2.52
May 30, 1990$17.88$15.98−$1.90
May 31, 1990$17.47$15.30−$2.17
Jun 1, 1990$17.51$15.43−$2.08
Jun 4, 1990$17.09$15.35−$1.74
Jun 5, 1990$16.41$14.78−$1.63
Jun 6, 1990$16.91$14.80−$2.11
Jun 7, 1990$16.65$15.03−$1.62
Jun 8, 1990$16.78$14.68−$2.10
Jun 11, 1990$16.82$14.73−$2.09
Jun 12, 1990$17.39$14.95−$2.44
Jun 13, 1990$17.60$14.90−$2.70
Jun 14, 1990$17.11$15.30−$1.81
Jun 15, 1990$16.64$15.15−$1.49
Jun 18, 1990$15.92$14.83−$1.09
Jun 19, 1990$15.55$14.75−$0.80
Jun 20, 1990$15.43$14.75−$0.68
Jun 21, 1990$16.09$14.75−$1.34
Jun 22, 1990$16.50$15.40−$1.10
Jun 25, 1990$16.15$15.58−$0.57
Jun 26, 1990$17.12$15.58−$1.54
Jun 27, 1990$16.70$15.33−$1.37
Jun 28, 1990$17.18$15.40−$1.78
Jun 29, 1990$17.05$15.73−$1.32
Jul 2, 1990$16.94$15.40−$1.54
Jul 3, 1990$16.73$15.48−$1.25
Jul 4, 1990$16.73$15.48−$1.25
Jul 5, 1990$16.50$15.23−$1.27
Jul 6, 1990$16.49$15.35−$1.14
Jul 9, 1990$16.63$14.98−$1.65
Jul 10, 1990$17.05$15.58−$1.47
Jul 11, 1990$17.45$15.70−$1.75
Jul 12, 1990$18.69$15.88−$2.81
Jul 13, 1990$18.37$17.03−$1.34
Jul 16, 1990$18.67$17.70−$0.97
Jul 17, 1990$18.23$17.58−$0.65
Jul 18, 1990$18.57$17.70−$0.87
Jul 19, 1990$19.07$17.85−$1.22
Jul 20, 1990$19.61$18.00−$1.61
Jul 23, 1990$19.88$18.73−$1.15
Jul 24, 1990$19.84$19.08−$0.76
Jul 25, 1990$19.33$19.00−$0.33
Jul 26, 1990$20.33$18.73−$1.60
Jul 27, 1990$20.07$19.03−$1.04
Jul 30, 1990$20.24$18.98−$1.26
Jul 31, 1990$20.57$19.23−$1.34
Aug 1, 1990$21.59$19.93−$1.66
Aug 2, 1990$23.71$22.25−$1.46
Aug 3, 1990$23.79$24.13+$0.34
Aug 6, 1990$28.73$27.28−$1.45
Aug 7, 1990$29.60$27.35−$2.25
Aug 8, 1990$26.19$25.15−$1.04
Aug 9, 1990$25.69$25.90+$0.21
Aug 10, 1990$26.38$26.30−$0.08
Aug 13, 1990$27.07$26.63−$0.44
Aug 14, 1990$26.70$27.10+$0.40
Aug 15, 1990$26.54$26.53−$0.01
Aug 16, 1990$27.40$27.20−$0.20
Aug 17, 1990$28.65$28.45−$0.20
Aug 20, 1990$28.63$28.90+$0.27
Aug 21, 1990$28.46$29.05+$0.59
Aug 22, 1990$30.52$30.45−$0.07
Aug 23, 1990$31.67$32.35+$0.68
Aug 24, 1990$31.10$31.65+$0.55
Aug 27, 1990$27.36$27.65+$0.29
Aug 28, 1990$27.73$27.65−$0.08
Aug 29, 1990$26.15$27.65+$1.50
Aug 30, 1990$26.96$27.50+$0.54
Aug 31, 1990$27.45$27.80+$0.35
Sep 3, 1990$27.45$30.53+$3.08
Sep 4, 1990$29.30$30.08+$0.78
Sep 5, 1990$30.00$31.23+$1.23
Sep 6, 1990$31.51$32.15+$0.64
Sep 7, 1990$30.09$31.45+$1.36
Sep 10, 1990$30.83$31.45+$0.62
Sep 11, 1990$30.29$32.10+$1.81
Sep 12, 1990$30.85$31.28+$0.43
Sep 13, 1990$31.20$31.88+$0.68
Sep 14, 1990$31.79$33.35+$1.56
Sep 17, 1990$33.73$34.90+$1.17
Sep 18, 1990$33.48$35.95+$2.47
Sep 19, 1990$33.18$35.08+$1.90
Sep 20, 1990$34.44$35.65+$1.21
Sep 21, 1990$36.21$36.95+$0.74
Sep 24, 1990$39.05$40.75+$1.70
Sep 25, 1990$38.33$39.90+$1.57
Sep 26, 1990$39.12$40.85+$1.73
Sep 27, 1990$39.77$41.45+$1.68
Sep 28, 1990$39.53$41.00+$1.47
Oct 1, 1990$37.08$38.95+$1.87
Oct 2, 1990$34.43$35.45+$1.02
Oct 3, 1990$37.04$37.55+$0.51
Oct 4, 1990$36.76$37.20+$0.44
Oct 5, 1990$37.87$39.05+$1.18
Oct 8, 1990$38.88$39.20+$0.32
Oct 9, 1990$40.73$40.90+$0.17
Oct 10, 1990$39.30$40.20+$0.90
Oct 11, 1990$41.07$41.15+$0.08
Oct 12, 1990$39.42$39.90+$0.48
Oct 15, 1990$38.00$38.28+$0.28
Oct 16, 1990$39.34$38.93−$0.41
Oct 17, 1990$36.03$35.33−$0.70
Oct 18, 1990$37.03$35.65−$1.38
Oct 19, 1990$33.82$33.20−$0.62
Oct 22, 1990$28.46$27.45−$1.01
Oct 23, 1990$29.95$28.95−$1.00
Oct 24, 1990$30.80$30.10−$0.70
Oct 25, 1990$34.35$32.90−$1.45
Oct 26, 1990$33.03$33.73+$0.70
Oct 29, 1990$35.28$34.65−$0.63
Oct 30, 1990$34.93$35.50+$0.57
Oct 31, 1990$35.31$34.30−$1.01
Nov 1, 1990$35.30$35.65+$0.35
Nov 2, 1990$33.95$35.05+$1.10
Nov 5, 1990$32.05$33.80+$1.75
Nov 6, 1990$32.41$33.20+$0.79
Nov 7, 1990$35.48$34.55−$0.93
Nov 8, 1990$35.61$34.85−$0.76
Nov 9, 1990$33.91$34.25+$0.34
Nov 12, 1990$32.08$32.85+$0.77
Nov 13, 1990$33.30$33.65+$0.35
Nov 14, 1990$31.18$31.95+$0.77
Nov 15, 1990$31.05$32.20+$1.15
Nov 16, 1990$29.91$30.55+$0.64
Nov 19, 1990$31.45$30.85−$0.60
Nov 20, 1990$29.50$30.10+$0.60
Nov 21, 1990$30.08$30.65+$0.57
Nov 22, 1990$30.08$31.40+$1.32
Nov 23, 1990$32.35$32.05−$0.30
Nov 26, 1990$33.28$35.10+$1.82
Nov 27, 1990$33.05$34.83+$1.78
Nov 28, 1990$33.28$34.10+$0.82
Nov 29, 1990$32.93$34.65+$1.72
Nov 30, 1990$29.08$31.20+$2.12
Dec 3, 1990$29.40$31.25+$1.85
Dec 4, 1990$29.05$31.50+$2.45
Dec 5, 1990$27.18$30.20+$3.02
Dec 6, 1990$26.35$27.35+$1.00
Dec 7, 1990$26.61$28.30+$1.69
Dec 10, 1990$27.08$28.75+$1.67
Dec 11, 1990$26.50$28.03+$1.53
Dec 12, 1990$25.30$27.28+$1.98
Dec 13, 1990$26.45$27.80+$1.35
Dec 14, 1990$26.60$28.45+$1.85
Dec 17, 1990$27.10$28.20+$1.10
Dec 18, 1990$27.85$27.55−$0.30
Dec 19, 1990$28.26$28.13−$0.13
Dec 20, 1990$27.50$27.55+$0.05
Dec 21, 1990$27.08$26.90−$0.18
Dec 24, 1990$26.95$27.70+$0.75
Dec 26, 1990$27.35$27.70+$0.35
Dec 27, 1990$26.95$27.05+$0.10
Dec 28, 1990$27.58$27.43−$0.15
Dec 31, 1990$28.48$28.35−$0.13

“—” means EIA published no price for that benchmark on that date.

Price episode covering 1990: 1990–91 Gulf War spike

Source and methodology

ProviderSeriesUnitsCoverageLatest observation
U.S. Energy Information AdministrationRWTC — WTI spot price FOB$/bblJan 2, 1990 – Dec 31, 1990Dec 31, 1990
U.S. Energy Information AdministrationRBRTE — Brent spot price FOB$/bblJan 2, 1990 – Dec 31, 1990Dec 31, 1990
U.S. Bureau of Labor StatisticsCUUR0000SA0 — CPI-U, all items, NSAindex, 1982–84=100monthly and annual averageSeptember 2026

Inflation adjustment: real = nominal × CPI-U(September 2026) ÷ CPI-U(period). Annual figures use the BLS annual average CPI-U; a year without one uses the mean of the months published so far.

Last updated: Oct 21, 2026, 5:27 PM CDT. Raw values are shown in source units; any conversion is labeled. See methodology and data sources.

Download:1990 daily prices (CSV)