Oil Prices in August 2004: WTI & Brent Daily Prices and Monthly Average
WTI jumped in August 2004: the monthly average rose to $44.90, up $4.12 (10.1%) from July 2004, the highest monthly average in nominal terms since EIA's records began in 1986. The average was 42% above the $31.57 of August 2003.
Daily spot prices, August 2004
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| Aug 31, 2004 | $42.23 | $39.80 |
| Aug 30, 2004 | $42.32 | $40.78 |
| Aug 27, 2004 | $43.11 | $40.72 |
| Aug 26, 2004 | $43.06 | $40.65 |
| Aug 25, 2004 | $43.83 | $42.39 |
| Aug 24, 2004 | $45.68 | $42.99 |
| Aug 23, 2004 | $46.00 | $44.39 |
| Aug 20, 2004 | $47.60 | $45.46 |
| Aug 19, 2004 | $48.66 | $44.84 |
| Aug 18, 2004 | $47.36 | $44.12 |
| Aug 17, 2004 | $46.75 | $44.05 |
| Aug 16, 2004 | $46.02 | $44.35 |
| Aug 13, 2004 | $46.61 | $44.13 |
| Aug 12, 2004 | $45.52 | $43.50 |
| Aug 11, 2004 | $44.72 | $42.45 |
| Aug 10, 2004 | $44.51 | $42.50 |
| Aug 9, 2004 | $44.86 | $43.21 |
| Aug 6, 2004 | $43.95 | $42.63 |
| Aug 5, 2004 | $44.39 | $42.49 |
| Aug 4, 2004 | $42.73 | $41.75 |
| Aug 3, 2004 | $44.13 | $41.82 |
| Aug 2, 2004 | $43.83 | $41.35 |
The month's range ran from $42.23 on Aug 31, 2004 to $48.66 on Aug 19, 2004; the last price was $42.23 on Aug 31, 2004. The largest one-day move was −$1.85 on Aug 25, 2004 (−4.0%).
Brent traded below WTI on average this month: $42.74 for the month, $2.16 under WTI across 22 matched dates.
Adjusted with CPI-U, the August 2004 average equals $79.83 in September 2026 dollars.
August 2004 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $44.90 | $42.74 |
| Change vs July 2004 | +$4.12 | +$4.52 |
| Change vs August 2003 | +$13.33 | +$12.85 |
| Highest daily price | $48.66 Aug 19, 2004 | $45.46 Aug 20, 2004 |
| Lowest daily price | $42.23 Aug 31, 2004 | $39.80 Aug 31, 2004 |
| Published daily observations | 22 | 22 |
| Average in September 2026 dollars (CPI-U) | $79.83 | $75.99 |
Monthly averages are EIA's published figures. Real figures use CPI-U for August 2004.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Aug 2, 2004 – Aug 31, 2004 | Aug 31, 2004 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Aug 2, 2004 – Aug 31, 2004 | Aug 31, 2004 |
| 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:2004 daily prices (CSV)