Oil Prices in May 2007: WTI & Brent Daily Prices and Monthly Average
WTI averaged $63.46 per barrel in May 2007, little changed from April 2007 ($63.98). A year earlier, in May 2006, it averaged $70.84, so the price was lower by $7.38 (10.4%) year over year.
Daily spot prices, May 2007
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| May 31, 2007 | $64.02 | $68.18 |
| May 30, 2007 | $63.47 | $67.64 |
| May 29, 2007 | $63.19 | $69.31 |
| May 25, 2007 | $64.59 | $70.72 |
| May 24, 2007 | $63.62 | $71.96 |
| May 23, 2007 | $65.10 | $71.01 |
| May 22, 2007 | $64.91 | $70.05 |
| May 21, 2007 | $66.25 | $69.51 |
| May 18, 2007 | $64.93 | $69.26 |
| May 17, 2007 | $64.83 | $69.08 |
| May 16, 2007 | $62.57 | $66.83 |
| May 15, 2007 | $63.16 | $66.74 |
| May 14, 2007 | $62.55 | $65.86 |
| May 11, 2007 | $62.35 | $65.18 |
| May 10, 2007 | $61.85 | $64.63 |
| May 9, 2007 | $61.54 | $63.50 |
| May 8, 2007 | $62.26 | $63.55 |
| May 7, 2007 | $61.48 | $62.70 |
| May 4, 2007 | $61.89 | $65.14 |
| May 3, 2007 | $63.23 | $64.85 |
| May 2, 2007 | $63.78 | $65.57 |
| May 1, 2007 | $64.43 | $67.40 |
Prices dipped to $61.48 on May 7, 2007, then climbed to $66.25 on May 21, 2007 and ended at $64.02.
Brent averaged $67.21; its premium over WTI on matched dates averaged $3.76, with the daily Brent − WTI difference ranging from +$1.22 to +$8.34.
Adjusted with CPI-U, the May 2007 average equals $102.82 in September 2026 dollars.
May 2007 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $63.46 | $67.21 |
| Change vs April 2007 | −$0.52 | −$0.28 |
| Change vs May 2006 | −$7.38 | −$2.57 |
| Highest daily price | $66.25 May 21, 2007 | $71.96 May 24, 2007 |
| Lowest daily price | $61.48 May 7, 2007 | $62.70 May 7, 2007 |
| Published daily observations | 22 | 22 |
| Average in September 2026 dollars (CPI-U) | $102.82 | $108.90 |
Monthly averages are EIA's published figures. Real figures use CPI-U for May 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 | May 1, 2007 – May 31, 2007 | May 31, 2007 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | May 1, 2007 – May 31, 2007 | May 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)