Oil Prices in July 2008: WTI & Brent Daily Prices and Monthly Average
July 2008 contains the highest daily WTI spot price in EIA's records: $145.31 on Jul 3, 2008. WTI averaged $133.37 per barrel in July 2008, down $0.51 (0.4%) from June 2008. The average was 80% above the $74.12 of July 2007.
Daily spot prices, July 2008
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| Jul 31, 2008 | $124.17 | $124.10 |
| Jul 30, 2008 | $126.74 | $122.46 |
| Jul 29, 2008 | $122.21 | $125.77 |
| Jul 28, 2008 | $124.72 | $125.67 |
| Jul 25, 2008 | $122.59 | $124.70 |
| Jul 24, 2008 | $124.62 | $125.43 |
| Jul 23, 2008 | $123.73 | $126.86 |
| Jul 22, 2008 | $127.25 | $127.18 |
| Jul 21, 2008 | $131.43 | $129.34 |
| Jul 18, 2008 | $128.94 | $129.34 |
| Jul 17, 2008 | $129.43 | $134.16 |
| Jul 16, 2008 | $134.63 | $133.31 |
| Jul 15, 2008 | $138.68 | $136.02 |
| Jul 14, 2008 | $145.16 | $142.43 |
| Jul 11, 2008 | $144.96 | $143.68 |
| Jul 10, 2008 | $141.47 | $135.81 |
| Jul 9, 2008 | $135.88 | $133.91 |
| Jul 8, 2008 | $136.06 | $134.15 |
| Jul 7, 2008 | $141.38 | $139.62 |
| Jul 3, 2008 | $145.31 | $143.95 |
| Jul 2, 2008 | $143.74 | $141.24 |
| Jul 1, 2008 | $141.06 | $140.67 |
Prices fell over the month, from $141.06 on Jul 1, 2008 to $124.17 on Jul 31, 2008. The largest one-day move was −$6.48 on Jul 15, 2008 (−4.5%).
Brent averaged $132.72, within a dollar of WTI on average across the 22 dates when both were published.
It was the second-highest monthly average of 2008. Adjusted with CPI-U, the July 2008 average equals $204.30 in September 2026 dollars.
July 2008 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $133.37 | $132.72 |
| Change vs June 2008 | −$0.51 | +$0.40 |
| Change vs July 2007 | +$59.25 | +$55.79 |
| Highest daily price | $145.31 Jul 3, 2008 | $143.95 Jul 3, 2008 |
| Lowest daily price | $122.21 Jul 29, 2008 | $122.46 Jul 30, 2008 |
| Published daily observations | 22 | 22 |
| Average in September 2026 dollars (CPI-U) | $204.30 | $203.30 |
Monthly averages are EIA's published figures. Real figures use CPI-U for July 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 | Jul 1, 2008 – Jul 31, 2008 | Jul 31, 2008 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jul 1, 2008 – Jul 31, 2008 | Jul 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)