Oil Prices in October 2002: WTI & Brent Daily Prices and Monthly Average
WTI averaged $28.84 per barrel in October 2002, down $0.82 (2.8%) from September 2002. The average was 30% above the $22.17 of October 2001.
Daily spot prices, October 2002
Chart data table (23 rows)
| Period | WTI | Brent |
|---|---|---|
| Oct 31, 2002 | $27.18 | $25.51 |
| Oct 30, 2002 | $26.85 | $25.29 |
| Oct 29, 2002 | $26.81 | $25.71 |
| Oct 28, 2002 | $27.25 | $25.44 |
| Oct 25, 2002 | $27.09 | $25.96 |
| Oct 24, 2002 | $27.87 | $26.78 |
| Oct 23, 2002 | $28.19 | $26.68 |
| Oct 22, 2002 | $27.93 | $26.69 |
| Oct 21, 2002 | $28.31 | $27.01 |
| Oct 18, 2002 | $29.56 | $28.20 |
| Oct 17, 2002 | $29.61 | $28.22 |
| Oct 16, 2002 | $29.28 | $28.61 |
| Oct 15, 2002 | $29.73 | $28.66 |
| Oct 14, 2002 | $30.06 | $28.56 |
| Oct 11, 2002 | $29.36 | $28.18 |
| Oct 10, 2002 | $28.96 | $27.70 |
| Oct 9, 2002 | $29.31 | $28.29 |
| Oct 8, 2002 | $29.56 | $28.28 |
| Oct 7, 2002 | $29.65 | $28.38 |
| Oct 4, 2002 | $29.65 | $28.32 |
| Oct 3, 2002 | $29.73 | $28.46 |
| Oct 2, 2002 | $30.59 | $29.14 |
| Oct 1, 2002 | $30.71 | $29.42 |
Prices fell over the month, from $30.71 on Oct 1, 2002 to $27.18 on Oct 31, 2002, with declines on 14 of 22 trading days. The largest one-day move was −$1.25 on Oct 21, 2002 (−4.2%).
Brent traded below WTI on average this month: $27.54 for the month, $1.29 under WTI across 23 matched dates.
Adjusted with CPI-U, the October 2002 average equals $53.60 in September 2026 dollars.
October 2002 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $28.84 | $27.54 |
| Change vs September 2002 | −$0.82 | −$0.86 |
| Change vs October 2001 | +$6.67 | +$7.00 |
| Highest daily price | $30.71 Oct 1, 2002 | $29.42 Oct 1, 2002 |
| Lowest daily price | $26.81 Oct 29, 2002 | $25.29 Oct 30, 2002 |
| Published daily observations | 23 | 23 |
| Average in September 2026 dollars (CPI-U) | $53.60 | $51.18 |
Monthly averages are EIA's published figures. Real figures use CPI-U for October 2002.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Oct 1, 2002 – Oct 31, 2002 | Oct 31, 2002 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Oct 1, 2002 – Oct 31, 2002 | Oct 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)