Oil Prices in January 2008: WTI & Brent Daily Prices and Monthly Average
WTI averaged $92.97 per barrel in January 2008, little changed from December 2007 ($91.69). The average was 71% above the $54.51 of January 2007.
Daily spot prices, January 2008
Chart data table (21 rows)
| Period | WTI | Brent |
|---|---|---|
| Jan 31, 2008 | $91.67 | $91.58 |
| Jan 30, 2008 | $92.34 | $92.46 |
| Jan 29, 2008 | $91.66 | $92.49 |
| Jan 28, 2008 | $90.99 | $90.91 |
| Jan 25, 2008 | $90.37 | $90.96 |
| Jan 24, 2008 | $89.98 | $87.69 |
| Jan 23, 2008 | $87.65 | $87.06 |
| Jan 22, 2008 | $89.64 | $88.11 |
| Jan 18, 2008 | $90.55 | $89.66 |
| Jan 17, 2008 | $90.11 | $88.96 |
| Jan 16, 2008 | $90.80 | $88.10 |
| Jan 15, 2008 | $91.87 | $90.87 |
| Jan 14, 2008 | $94.23 | $92.58 |
| Jan 11, 2008 | $92.74 | $91.86 |
| Jan 10, 2008 | $93.92 | $92.80 |
| Jan 9, 2008 | $95.64 | $96.76 |
| Jan 8, 2008 | $96.43 | $96.37 |
| Jan 7, 2008 | $95.08 | $94.19 |
| Jan 4, 2008 | $97.90 | $96.87 |
| Jan 3, 2008 | $99.17 | $98.45 |
| Jan 2, 2008 | $99.64 | $97.01 |
The month's range ran from $87.65 on Jan 23, 2008 to $99.64 on Jan 2, 2008; the last price was $91.67 on Jan 31, 2008. The largest one-day move was +$3.69 on Jan 2, 2008 (+3.8%).
Brent averaged $92.18, within a dollar of WTI on average across the 21 dates when both were published.
Adjusted with CPI-U, the January 2008 average equals $148.40 in September 2026 dollars.
January 2008 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $92.97 | $92.18 |
| Change vs December 2007 | +$1.28 | +$1.25 |
| Change vs January 2007 | +$38.46 | +$38.50 |
| Highest daily price | $99.64 Jan 2, 2008 | $98.45 Jan 3, 2008 |
| Lowest daily price | $87.65 Jan 23, 2008 | $87.06 Jan 23, 2008 |
| Published daily observations | 21 | 21 |
| Average in September 2026 dollars (CPI-U) | $148.40 | $147.14 |
Monthly averages are EIA's published figures. Real figures use CPI-U for January 2008.
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, 2008 – Jan 31, 2008 | Jan 31, 2008 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jan 2, 2008 – Jan 31, 2008 | Jan 31, 2008 |
| 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:2008 daily prices (CSV)