Oil Prices in October 2001: WTI & Brent Daily Prices and Monthly Average
WTI dropped in October 2001: the monthly average fell to $22.17, down $4.03 (15.4%) from September 2001, the lowest monthly average in nominal terms since August 1999. The average was 33% below the $33.11 of October 2000.
Daily spot prices, October 2001
Chart data table (23 rows)
| Period | WTI | Brent |
|---|---|---|
| Oct 31, 2001 | $21.20 | $19.63 |
| Oct 30, 2001 | $21.83 | $20.41 |
| Oct 29, 2001 | $22.10 | $20.55 |
| Oct 26, 2001 | $22.07 | $20.31 |
| Oct 25, 2001 | $21.75 | $20.67 |
| Oct 24, 2001 | $22.00 | $20.37 |
| Oct 23, 2001 | $21.28 | $20.56 |
| Oct 22, 2001 | $21.78 | $20.38 |
| Oct 19, 2001 | $21.99 | $19.91 |
| Oct 18, 2001 | $21.33 | $19.21 |
| Oct 17, 2001 | $21.89 | $19.47 |
| Oct 16, 2001 | $22.01 | $20.47 |
| Oct 15, 2001 | $22.37 | $20.36 |
| Oct 12, 2001 | $22.49 | $20.57 |
| Oct 11, 2001 | $23.49 | $21.38 |
| Oct 10, 2001 | $22.51 | $21.02 |
| Oct 9, 2001 | $22.55 | $20.65 |
| Oct 8, 2001 | $22.25 | $20.91 |
| Oct 5, 2001 | $22.32 | $21.46 |
| Oct 4, 2001 | $22.70 | $20.94 |
| Oct 3, 2001 | $22.17 | $20.63 |
| Oct 2, 2001 | $22.70 | $21.29 |
| Oct 1, 2001 | $23.12 | $21.22 |
Prices fell over the month, from $23.12 on Oct 1, 2001 to $21.20 on Oct 31, 2001, with declines on 16 of 23 trading days. The largest one-day move was −$1.00 on Oct 12, 2001 (−4.3%).
Brent traded below WTI on average this month: $20.54 for the month, $1.63 under WTI across 23 matched dates.
Adjusted with CPI-U, the October 2001 average equals $42.04 in September 2026 dollars.
October 2001 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $22.17 | $20.54 |
| Change vs September 2001 | −$4.03 | −$5.08 |
| Change vs October 2000 | −$10.94 | −$10.42 |
| Highest daily price | $23.49 Oct 11, 2001 | $21.46 Oct 5, 2001 |
| Lowest daily price | $21.20 Oct 31, 2001 | $19.21 Oct 18, 2001 |
| Published daily observations | 23 | 23 |
| Average in September 2026 dollars (CPI-U) | $42.04 | $38.95 |
Monthly averages are EIA's published figures. Real figures use CPI-U for October 2001.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Oct 1, 2001 – Oct 31, 2001 | Oct 31, 2001 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Oct 1, 2001 – Oct 31, 2001 | Oct 31, 2001 |
| U.S. Bureau of Labor Statistics | CUUR0000SA0 — CPI-U, all items, NSA | index, 1982–84=100 | monthly | September 2026 |
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:2001 daily prices (CSV)