Oil Prices in January 2007: WTI & Brent Daily Prices and Monthly Average
WTI dropped in January 2007: the monthly average fell to $54.51, down $7.45 (12.0%) from December 2006, the lowest monthly average in nominal terms since May 2005. A year earlier, in January 2006, it averaged $65.49, so the price was lower by $10.98 (16.8%) year over year.
Daily spot prices, January 2007
Chart data table (21 rows)
| Period | WTI | Brent |
|---|---|---|
| Jan 31, 2007 | $58.17 | $56.52 |
| Jan 30, 2007 | $57.03 | $54.69 |
| Jan 29, 2007 | $54.01 | $54.71 |
| Jan 26, 2007 | $55.38 | $55.29 |
| Jan 25, 2007 | $53.49 | $55.67 |
| Jan 24, 2007 | $54.24 | $55.11 |
| Jan 23, 2007 | $53.61 | $53.93 |
| Jan 22, 2007 | $51.11 | $54.34 |
| Jan 19, 2007 | $51.98 | $52.29 |
| Jan 18, 2007 | $50.51 | $50.83 |
| Jan 17, 2007 | $52.30 | $51.19 |
| Jan 16, 2007 | $51.23 | $51.28 |
| Jan 12, 2007 | $52.96 | $49.95 |
| Jan 11, 2007 | $51.91 | $51.68 |
| Jan 10, 2007 | $53.95 | $52.11 |
| Jan 9, 2007 | $55.65 | $52.38 |
| Jan 8, 2007 | $56.08 | $52.82 |
| Jan 5, 2007 | $56.29 | $52.82 |
| Jan 4, 2007 | $55.65 | $54.58 |
| Jan 3, 2007 | $58.31 | $56.63 |
| Jan 2, 2007 | $60.77 | $58.49 |
The month's range ran from $50.51 on Jan 18, 2007 to $60.77 on Jan 2, 2007; the last price was $58.17 on Jan 31, 2007. The largest one-day move was +$3.02 on Jan 30, 2007 (+5.6%).
Brent averaged $53.68, within a dollar of WTI on average across the 21 dates when both were published.
It was the lowest monthly average of 2007. Adjusted with CPI-U, the January 2007 average equals $90.74 in September 2026 dollars.
January 2007 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $54.51 | $53.68 |
| Change vs December 2006 | −$7.45 | −$8.79 |
| Change vs January 2006 | −$10.98 | −$9.31 |
| Highest daily price | $60.77 Jan 2, 2007 | $58.49 Jan 2, 2007 |
| Lowest daily price | $50.51 Jan 18, 2007 | $49.95 Jan 12, 2007 |
| Published daily observations | 21 | 21 |
| Average in September 2026 dollars (CPI-U) | $90.74 | $89.36 |
Monthly averages are EIA's published figures. Real figures use CPI-U for January 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 | Jan 2, 2007 – Jan 31, 2007 | Jan 31, 2007 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jan 2, 2007 – Jan 31, 2007 | Jan 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)