Oil Prices in November 2004: WTI & Brent Daily Prices and Monthly Average
WTI averaged $48.47 per barrel in November 2004, down $4.81 (9.0%) from October 2004. The average was 56% above the $31.11 of November 2003.
Daily spot prices, November 2004
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| Nov 30, 2004 | $49.16 | $44.23 |
| Nov 29, 2004 | $49.71 | $44.05 |
| Nov 26, 2004 | — | $42.87 |
| Nov 25, 2004 | — | $43.12 |
| Nov 24, 2004 | $49.14 | $42.62 |
| Nov 23, 2004 | $48.74 | $43.03 |
| Nov 22, 2004 | $48.48 | $42.26 |
| Nov 19, 2004 | $48.90 | $42.29 |
| Nov 18, 2004 | $46.30 | $40.80 |
| Nov 17, 2004 | $46.85 | $40.27 |
| Nov 16, 2004 | $46.10 | $40.48 |
| Nov 15, 2004 | $46.95 | $39.32 |
| Nov 12, 2004 | $47.30 | $41.33 |
| Nov 11, 2004 | $47.50 | $42.22 |
| Nov 10, 2004 | $48.70 | $42.57 |
| Nov 9, 2004 | $47.40 | $43.27 |
| Nov 8, 2004 | $49.10 | $44.78 |
| Nov 5, 2004 | $49.65 | $44.37 |
| Nov 4, 2004 | $48.80 | $45.32 |
| Nov 3, 2004 | $50.90 | $46.14 |
| Nov 2, 2004 | $49.60 | $46.25 |
| Nov 1, 2004 | $50.10 | $46.84 |
Prices peaked at $50.90 on Nov 3, 2004, then fell to $46.10 on Nov 16, 2004 and ended at $49.16. The largest one-day move was +$2.60 on Nov 19, 2004 (+5.6%).
Brent traded below WTI on average this month: $43.11 for the month, $5.35 under WTI across 20 matched dates.
It was the second-highest monthly average of 2004. Adjusted with CPI-U, the November 2004 average equals $85.51 in September 2026 dollars.
November 2004 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $48.47 | $43.11 |
| Change vs October 2004 | −$4.81 | −$6.67 |
| Change vs November 2003 | +$17.36 | +$14.36 |
| Highest daily price | $50.90 Nov 3, 2004 | $46.84 Nov 1, 2004 |
| Lowest daily price | $46.10 Nov 16, 2004 | $39.32 Nov 15, 2004 |
| Published daily observations | 20 | 22 |
| Average in September 2026 dollars (CPI-U) | $85.51 | $76.05 |
Monthly averages are EIA's published figures. Real figures use CPI-U for November 2004.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Nov 1, 2004 – Nov 30, 2004 | Nov 30, 2004 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Nov 1, 2004 – Nov 30, 2004 | Nov 30, 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)