Oil Prices in January 2002: WTI & Brent Daily Prices and Monthly Average
WTI averaged $19.72 per barrel in January 2002, up $0.33 (1.7%) from December 2001. The average was 33% below the $29.59 of January 2001.
Daily spot prices, January 2002
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| Jan 31, 2002 | $19.71 | $19.07 |
| Jan 30, 2002 | $19.11 | $18.71 |
| Jan 29, 2002 | $19.30 | $19.26 |
| Jan 28, 2002 | $20.05 | $19.74 |
| Jan 25, 2002 | $19.80 | $19.04 |
| Jan 24, 2002 | $19.57 | $18.91 |
| Jan 23, 2002 | $19.10 | $18.89 |
| Jan 22, 2002 | $18.36 | $18.70 |
| Jan 21, 2002 | — | $18.32 |
| Jan 18, 2002 | $18.02 | $18.17 |
| Jan 17, 2002 | $18.20 | $18.20 |
| Jan 16, 2002 | $18.96 | $18.50 |
| Jan 15, 2002 | $18.99 | $18.86 |
| Jan 14, 2002 | $18.88 | $18.89 |
| Jan 11, 2002 | $19.67 | $20.08 |
| Jan 10, 2002 | $20.48 | $19.71 |
| Jan 9, 2002 | $20.32 | $20.21 |
| Jan 8, 2002 | $20.82 | $21.03 |
| Jan 7, 2002 | $21.42 | $21.08 |
| Jan 4, 2002 | $21.47 | $21.20 |
| Jan 3, 2002 | $20.65 | $20.47 |
| Jan 2, 2002 | $21.13 | $20.13 |
Prices peaked at $21.47 on Jan 4, 2002, then fell to $18.02 on Jan 18, 2002 and ended at $19.71. The largest one-day move was +$1.17 on Jan 2, 2002 (+5.9%).
Brent averaged $19.42, within a dollar of WTI on average across the 21 dates when both were published.
It was the lowest monthly average of 2002. Adjusted with CPI-U, the January 2002 average equals $37.52 in September 2026 dollars.
January 2002 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $19.72 | $19.42 |
| Change vs December 2001 | +$0.33 | +$0.71 |
| Change vs January 2001 | −$9.87 | −$6.20 |
| Highest daily price | $21.47 Jan 4, 2002 | $21.20 Jan 4, 2002 |
| Lowest daily price | $18.02 Jan 18, 2002 | $18.17 Jan 18, 2002 |
| Published daily observations | 21 | 22 |
| Average in September 2026 dollars (CPI-U) | $37.52 | $36.95 |
Monthly averages are EIA's published figures. Real figures use CPI-U for January 2002.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Jan 2, 2002 – Jan 31, 2002 | Jan 31, 2002 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jan 2, 2002 – Jan 31, 2002 | Jan 31, 2002 |
| 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:2002 daily prices (CSV)