Oil Prices in November 2007: WTI & Brent Daily Prices and Monthly Average
WTI jumped in November 2007: the monthly average rose to $94.77, up $8.97 (10.5%) from October 2007, the highest monthly average in nominal terms since EIA's records began in 1986. The average was 60% above the $59.08 of November 2006.
Daily spot prices, November 2007
Chart data table (21 rows)
| Period | WTI | Brent |
|---|---|---|
| Nov 30, 2007 | $88.60 | $88.71 |
| Nov 29, 2007 | $90.98 | $92.34 |
| Nov 28, 2007 | $90.71 | $91.64 |
| Nov 27, 2007 | $94.39 | $93.23 |
| Nov 26, 2007 | $97.66 | $94.88 |
| Nov 23, 2007 | $98.24 | $95.33 |
| Nov 21, 2007 | $98.57 | $94.97 |
| Nov 20, 2007 | $99.16 | $94.13 |
| Nov 19, 2007 | $95.75 | $91.59 |
| Nov 16, 2007 | $94.81 | $91.99 |
| Nov 15, 2007 | $93.37 | $90.32 |
| Nov 14, 2007 | $94.02 | $90.73 |
| Nov 13, 2007 | $91.18 | $89.09 |
| Nov 12, 2007 | $94.40 | $91.56 |
| Nov 9, 2007 | $96.36 | $92.32 |
| Nov 8, 2007 | $95.51 | $94.40 |
| Nov 7, 2007 | $96.46 | $94.85 |
| Nov 6, 2007 | $96.65 | $93.99 |
| Nov 5, 2007 | $94.06 | $92.16 |
| Nov 2, 2007 | $95.81 | $92.11 |
| Nov 1, 2007 | $93.53 | $90.36 |
Prices fell over the month, from $93.53 on Nov 1, 2007 to $88.60 on Nov 30, 2007, with declines on 13 of 21 trading days. The largest one-day move was −$3.68 on Nov 28, 2007 (−3.9%).
Brent traded below WTI on average this month: $92.41 for the month, $2.36 under WTI across 21 matched dates.
It was the highest monthly average of 2007. Adjusted with CPI-U, the November 2007 average equals $151.93 in September 2026 dollars.
November 2007 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $94.77 | $92.41 |
| Change vs October 2007 | +$8.97 | +$10.07 |
| Change vs November 2006 | +$35.69 | +$33.65 |
| Highest daily price | $99.16 Nov 20, 2007 | $95.33 Nov 23, 2007 |
| Lowest daily price | $88.60 Nov 30, 2007 | $88.71 Nov 30, 2007 |
| Published daily observations | 21 | 21 |
| Average in September 2026 dollars (CPI-U) | $151.93 | $148.14 |
Monthly averages are EIA's published figures. Real figures use CPI-U for November 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 | Nov 1, 2007 – Nov 30, 2007 | Nov 30, 2007 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Nov 1, 2007 – Nov 30, 2007 | Nov 30, 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)