Oil Prices in April 2003: WTI & Brent Daily Prices and Monthly Average
WTI dropped in April 2003: the monthly average fell to $28.17, down $5.34 (15.9%) from March 2003. A year earlier, in April 2002, it averaged $26.18, so the price was higher by $1.99 (7.6%) year over year.
Daily spot prices, April 2003
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| Apr 30, 2003 | $26.09 | $23.60 |
| Apr 29, 2003 | $25.32 | $23.23 |
| Apr 28, 2003 | $25.25 | $23.42 |
| Apr 25, 2003 | $25.92 | $24.29 |
| Apr 24, 2003 | $27.52 | $24.06 |
| Apr 23, 2003 | $28.04 | $24.56 |
| Apr 22, 2003 | $29.92 | $25.72 |
| Apr 21, 2003 | $30.76 | $25.76 |
| Apr 18, 2003 | — | $25.76 |
| Apr 17, 2003 | $30.10 | $25.36 |
| Apr 16, 2003 | $29.16 | $24.86 |
| Apr 15, 2003 | $29.46 | $24.74 |
| Apr 14, 2003 | $28.41 | $24.72 |
| Apr 11, 2003 | $28.28 | $24.39 |
| Apr 10, 2003 | $27.20 | $25.16 |
| Apr 9, 2003 | $28.93 | $25.11 |
| Apr 8, 2003 | $27.97 | $24.88 |
| Apr 7, 2003 | $27.76 | $25.27 |
| Apr 4, 2003 | $28.41 | $25.62 |
| Apr 3, 2003 | $29.05 | $26.75 |
| Apr 2, 2003 | $28.55 | $26.29 |
| Apr 1, 2003 | $29.48 | $27.94 |
Prices fell over the month, from $29.48 on Apr 1, 2003 to $26.09 on Apr 30, 2003. The largest one-day move was −$1.88 on Apr 23, 2003 (−6.3%).
Brent traded below WTI on average this month: $25.00 for the month, $3.14 under WTI across 21 matched dates.
It was the second-lowest monthly average of 2003. Adjusted with CPI-U, the April 2003 average equals $51.64 in September 2026 dollars.
April 2003 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $28.17 | $25.00 |
| Change vs March 2003 | −$5.34 | −$5.61 |
| Change vs April 2002 | +$1.99 | −$0.73 |
| Highest daily price | $30.76 Apr 21, 2003 | $27.94 Apr 1, 2003 |
| Lowest daily price | $25.25 Apr 28, 2003 | $23.23 Apr 29, 2003 |
| Published daily observations | 21 | 22 |
| Average in September 2026 dollars (CPI-U) | $51.64 | $45.83 |
Monthly averages are EIA's published figures. Real figures use CPI-U for April 2003.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Apr 1, 2003 – Apr 30, 2003 | Apr 30, 2003 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Apr 1, 2003 – Apr 30, 2003 | Apr 30, 2003 |
| 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:2003 daily prices (CSV)