Oil Prices in August 2007: WTI & Brent Daily Prices and Monthly Average
WTI averaged $72.36 per barrel in August 2007, down $1.76 (2.4%) from July 2007. It was close to its level a year earlier ($73.04 in August 2006).
Daily spot prices, August 2007
Chart data table (23 rows)
| Period | WTI | Brent |
|---|---|---|
| Aug 31, 2007 | $73.98 | $72.29 |
| Aug 30, 2007 | $73.37 | $71.46 |
| Aug 29, 2007 | $73.52 | $70.48 |
| Aug 28, 2007 | $71.79 | $69.66 |
| Aug 27, 2007 | $71.98 | $68.85 |
| Aug 24, 2007 | $71.17 | $69.49 |
| Aug 23, 2007 | $69.86 | $68.73 |
| Aug 22, 2007 | $69.30 | $67.73 |
| Aug 21, 2007 | $69.49 | $67.88 |
| Aug 20, 2007 | $71.12 | $68.37 |
| Aug 17, 2007 | $71.90 | $69.80 |
| Aug 16, 2007 | $70.99 | $68.77 |
| Aug 15, 2007 | $73.36 | $71.30 |
| Aug 14, 2007 | $72.40 | $69.29 |
| Aug 13, 2007 | $71.60 | $71.30 |
| Aug 10, 2007 | $71.49 | $69.57 |
| Aug 9, 2007 | $71.62 | $70.08 |
| Aug 8, 2007 | $72.23 | $70.73 |
| Aug 7, 2007 | $72.25 | $70.42 |
| Aug 6, 2007 | $72.03 | $72.69 |
| Aug 3, 2007 | $75.41 | $75.36 |
| Aug 2, 2007 | $76.84 | $76.14 |
| Aug 1, 2007 | $76.49 | $77.11 |
Prices peaked at $76.84 on Aug 2, 2007, then fell to $69.30 on Aug 22, 2007 and ended at $73.98. The largest one-day move was −$3.38 on Aug 6, 2007 (−4.5%).
Brent traded below WTI on average this month: $70.76 for the month, $1.60 under WTI across 23 matched dates.
Adjusted with CPI-U, the August 2007 average equals $117.26 in September 2026 dollars.
August 2007 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $72.36 | $70.76 |
| Change vs July 2007 | −$1.76 | −$6.17 |
| Change vs August 2006 | −$0.68 | −$2.47 |
| Highest daily price | $76.84 Aug 2, 2007 | $77.11 Aug 1, 2007 |
| Lowest daily price | $69.30 Aug 22, 2007 | $67.73 Aug 22, 2007 |
| Published daily observations | 23 | 23 |
| Average in September 2026 dollars (CPI-U) | $117.26 | $114.67 |
Monthly averages are EIA's published figures. Real figures use CPI-U for August 2007.
Part of the price episode: 2008 spike and crash
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Aug 1, 2007 – Aug 31, 2007 | Aug 31, 2007 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Aug 1, 2007 – Aug 31, 2007 | Aug 31, 2007 |
| 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:2007 daily prices (CSV)