Oil Prices in February 2004: WTI & Brent Daily Prices and Monthly Average
WTI averaged $34.69 per barrel in February 2004, little changed from January 2004 ($34.31). A year earlier, in February 2003, it averaged $35.83, so the price was lower by $1.14 (3.2%) year over year.
Daily spot prices, February 2004
Chart data table (20 rows)
| Period | WTI | Brent |
|---|---|---|
| Feb 27, 2004 | $36.08 | $32.94 |
| Feb 26, 2004 | $35.45 | $32.45 |
| Feb 25, 2004 | $37.28 | $32.46 |
| Feb 24, 2004 | $35.85 | $31.60 |
| Feb 23, 2004 | $35.75 | $31.89 |
| Feb 20, 2004 | $35.80 | $31.22 |
| Feb 19, 2004 | $35.81 | $31.63 |
| Feb 18, 2004 | $35.42 | $31.57 |
| Feb 17, 2004 | $35.13 | $31.43 |
| Feb 16, 2004 | — | $31.08 |
| Feb 13, 2004 | $34.51 | $30.96 |
| Feb 12, 2004 | $34.03 | $30.17 |
| Feb 11, 2004 | $33.93 | $30.33 |
| Feb 10, 2004 | $34.03 | $30.06 |
| Feb 9, 2004 | $32.91 | $29.10 |
| Feb 6, 2004 | $32.49 | $29.26 |
| Feb 5, 2004 | $33.26 | $29.02 |
| Feb 4, 2004 | $33.06 | $29.63 |
| Feb 3, 2004 | $34.20 | $30.07 |
| Feb 2, 2004 | $34.02 | $30.30 |
Prices rose over the month, from $34.02 on Feb 2, 2004 to $36.08 on Feb 27, 2004, with gains on 13 of 19 trading days. The largest one-day move was −$1.83 on Feb 26, 2004 (−4.9%).
Brent traded below WTI on average this month: $30.86 for the month, $3.84 under WTI across 19 matched dates.
It was the second-lowest monthly average of 2004. Adjusted with CPI-U, the February 2004 average equals $62.77 in September 2026 dollars.
February 2004 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $34.69 | $30.86 |
| Change vs January 2004 | +$0.38 | −$0.42 |
| Change vs February 2003 | −$1.14 | −$1.91 |
| Highest daily price | $37.28 Feb 25, 2004 | $32.94 Feb 27, 2004 |
| Lowest daily price | $32.49 Feb 6, 2004 | $29.02 Feb 5, 2004 |
| Published daily observations | 19 | 20 |
| Average in September 2026 dollars (CPI-U) | $62.77 | $55.84 |
Monthly averages are EIA's published figures. Real figures use CPI-U for February 2004.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Feb 2, 2004 – Feb 27, 2004 | Feb 27, 2004 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Feb 2, 2004 – Feb 27, 2004 | Feb 27, 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)