Oil Prices in July 2007: WTI & Brent Daily Prices and Monthly Average
WTI averaged $74.12 per barrel in July 2007, up $6.63 (9.8%) from June 2007. It was close to its level a year earlier ($74.41 in July 2006).
Daily spot prices, July 2007
Chart data table (21 rows)
| Period | WTI | Brent |
|---|---|---|
| Jul 31, 2007 | $78.20 | $77.01 |
| Jul 30, 2007 | $76.82 | $76.07 |
| Jul 27, 2007 | $77.03 | $76.58 |
| Jul 26, 2007 | $74.96 | $77.28 |
| Jul 25, 2007 | $75.74 | $75.21 |
| Jul 24, 2007 | $73.38 | $75.88 |
| Jul 23, 2007 | $74.65 | $78.36 |
| Jul 20, 2007 | $75.53 | $79.09 |
| Jul 19, 2007 | $75.90 | $78.37 |
| Jul 18, 2007 | $75.03 | $78.00 |
| Jul 17, 2007 | $74.03 | $77.59 |
| Jul 16, 2007 | $74.11 | $78.17 |
| Jul 13, 2007 | $73.89 | $78.12 |
| Jul 12, 2007 | $72.55 | $78.24 |
| Jul 11, 2007 | $72.58 | $77.44 |
| Jul 10, 2007 | $72.80 | $77.88 |
| Jul 9, 2007 | $72.14 | $77.10 |
| Jul 6, 2007 | $72.80 | $76.58 |
| Jul 5, 2007 | $71.81 | $75.40 |
| Jul 3, 2007 | $71.41 | $74.26 |
| Jul 2, 2007 | $71.11 | $72.90 |
Prices rose over the month, from $71.11 on Jul 2, 2007 to $78.20 on Jul 31, 2007.
Brent averaged $76.93; its premium over WTI on matched dates averaged $2.81, with the daily Brent − WTI difference ranging from −$1.19 to +$5.69.
Adjusted with CPI-U, the July 2007 average equals $119.89 in September 2026 dollars.
July 2007 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $74.12 | $76.93 |
| Change vs June 2007 | +$6.63 | +$5.88 |
| Change vs July 2006 | −$0.29 | +$3.26 |
| Highest daily price | $78.20 Jul 31, 2007 | $79.09 Jul 20, 2007 |
| Lowest daily price | $71.11 Jul 2, 2007 | $72.90 Jul 2, 2007 |
| Published daily observations | 21 | 21 |
| Average in September 2026 dollars (CPI-U) | $119.89 | $124.44 |
Monthly averages are EIA's published figures. Real figures use CPI-U for July 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 | Jul 2, 2007 – Jul 31, 2007 | Jul 31, 2007 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jul 2, 2007 – Jul 31, 2007 | Jul 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)