Oil Prices in March 2005: WTI & Brent Daily Prices and Monthly Average
WTI jumped in March 2005: the monthly average rose to $54.19, up $6.04 (12.5%) from February 2005, the highest monthly average in nominal terms since EIA's records began in 1986. The average was 47% above the $36.74 of March 2004.
Daily spot prices, March 2005
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| Mar 31, 2005 | $55.31 | $53.22 |
| Mar 30, 2005 | $53.96 | $50.63 |
| Mar 29, 2005 | $54.26 | $51.42 |
| Mar 28, 2005 | $54.06 | $51.75 |
| Mar 24, 2005 | $49.70 | $52.35 |
| Mar 23, 2005 | $49.43 | $51.52 |
| Mar 22, 2005 | $55.95 | $55.39 |
| Mar 21, 2005 | $56.70 | $55.79 |
| Mar 18, 2005 | $56.80 | $55.97 |
| Mar 17, 2005 | $56.40 | $56.03 |
| Mar 16, 2005 | $56.50 | $54.61 |
| Mar 15, 2005 | $55.05 | $53.97 |
| Mar 14, 2005 | $54.90 | $53.68 |
| Mar 11, 2005 | $54.40 | $53.15 |
| Mar 10, 2005 | $53.52 | $53.04 |
| Mar 9, 2005 | $54.75 | $54.11 |
| Mar 8, 2005 | $54.55 | $53.29 |
| Mar 7, 2005 | $53.90 | $51.87 |
| Mar 4, 2005 | $53.70 | $52.10 |
| Mar 3, 2005 | $53.60 | $52.89 |
| Mar 2, 2005 | $53.00 | $51.05 |
| Mar 1, 2005 | $51.67 | $50.47 |
Prices rose over the month, from $51.67 on Mar 1, 2005 to $55.31 on Mar 31, 2005, with gains on 15 of 22 trading days. The largest one-day move was −$6.52 on Mar 23, 2005 (−11.7%).
Brent traded below WTI on average this month: $53.10 for the month, $1.08 under WTI across 22 matched dates.
Adjusted with CPI-U, the March 2005 average equals $94.46 in September 2026 dollars.
March 2005 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $54.19 | $53.10 |
| Change vs February 2005 | +$6.04 | +$7.62 |
| Change vs March 2004 | +$17.45 | +$19.47 |
| Highest daily price | $56.80 Mar 18, 2005 | $56.03 Mar 17, 2005 |
| Lowest daily price | $49.43 Mar 23, 2005 | $50.47 Mar 1, 2005 |
| Published daily observations | 22 | 22 |
| Average in September 2026 dollars (CPI-U) | $94.46 | $92.56 |
Monthly averages are EIA's published figures. Real figures use CPI-U for March 2005.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Mar 1, 2005 – Mar 31, 2005 | Mar 31, 2005 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Mar 1, 2005 – Mar 31, 2005 | Mar 31, 2005 |
| 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:2005 daily prices (CSV)