Oil Prices in July 2002: WTI & Brent Daily Prices and Monthly Average
WTI average
$26.97
EIA monthly average
vs June 2002
+5.7%
$25.52
vs July 2001
+2.0%
$26.43
Brent average
$25.74
avg daily Brent − WTI −$1.22
WTI averaged $26.97 per barrel in July 2002, up $1.45 (5.7%) from June 2002. It was close to its level a year earlier ($26.43 in July 2001).
Daily spot prices, July 2002
Chart data table (23 rows)
| Period | WTI | Brent |
|---|---|---|
| Jul 31, 2002 | $27.02 | $26.28 |
| Jul 30, 2002 | $27.43 | $25.95 |
| Jul 29, 2002 | $26.54 | $25.20 |
| Jul 26, 2002 | $26.55 | $25.10 |
| Jul 25, 2002 | $26.67 | $25.36 |
| Jul 24, 2002 | $26.78 | $25.43 |
| Jul 23, 2002 | $26.61 | $25.65 |
| Jul 22, 2002 | $26.61 | $25.70 |
| Jul 19, 2002 | $27.83 | $26.37 |
| Jul 18, 2002 | $27.50 | $26.72 |
| Jul 17, 2002 | $27.88 | $26.19 |
| Jul 16, 2002 | $27.68 | $25.94 |
| Jul 15, 2002 | $27.23 | $26.16 |
| Jul 12, 2002 | $27.48 | $26.11 |
| Jul 11, 2002 | $27.01 | $25.83 |
| Jul 10, 2002 | $26.73 | $25.82 |
| Jul 9, 2002 | $26.16 | $24.90 |
| Jul 8, 2002 | $26.14 | $25.08 |
| Jul 5, 2002 | — | $25.75 |
| Jul 4, 2002 | — | $25.51 |
| Jul 3, 2002 | $26.82 | $25.59 |
| Jul 2, 2002 | $26.83 | $25.64 |
| Jul 1, 2002 | $26.79 | $25.65 |
Prices dipped to $26.14 on Jul 8, 2002, then climbed to $27.88 on Jul 17, 2002 and ended at $27.02. The largest one-day move was −$1.22 on Jul 22, 2002 (−4.4%).
Brent traded below WTI on average this month: $25.74 for the month, $1.22 under WTI across 21 matched dates.
Adjusted with CPI-U, the July 2002 average equals $50.46 in September 2026 dollars.
July 2002 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $26.97 | $25.74 |
| Change vs June 2002 | +$1.45 | +$1.66 |
| Change vs July 2001 | +$0.54 | +$1.13 |
| Highest daily price | $27.88 Jul 17, 2002 | $26.72 Jul 18, 2002 |
| Lowest daily price | $26.14 Jul 8, 2002 | $24.90 Jul 9, 2002 |
| Published daily observations | 21 | 23 |
| Average in September 2026 dollars (CPI-U) | $50.46 | $48.16 |
Monthly averages are EIA's published figures. Real figures use CPI-U for July 2002.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Jul 1, 2002 – Jul 31, 2002 | Jul 31, 2002 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jul 1, 2002 – Jul 31, 2002 | Jul 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)