Oil Prices in March 2011: WTI & Brent Daily Prices and Monthly Average
WTI jumped in March 2011: the monthly average rose to $102.86, up $14.28 (16.1%) from February 2011, the highest monthly average in nominal terms since September 2008. The average was 27% above the $81.20 of March 2010.
Daily spot prices, March 2011
Chart data table (23 rows)
| Period | WTI | Brent |
|---|---|---|
| Mar 31, 2011 | $106.19 | $116.94 |
| Mar 30, 2011 | $103.80 | $115.35 |
| Mar 29, 2011 | $104.34 | $115.58 |
| Mar 28, 2011 | $103.54 | $115.95 |
| Mar 25, 2011 | $104.89 | $115.45 |
| Mar 24, 2011 | $105.04 | $115.41 |
| Mar 23, 2011 | $105.21 | $115.65 |
| Mar 22, 2011 | $104.53 | $115.63 |
| Mar 21, 2011 | $102.36 | $114.92 |
| Mar 18, 2011 | $101.06 | $114.13 |
| Mar 17, 2011 | $101.47 | $114.18 |
| Mar 16, 2011 | $97.99 | $110.96 |
| Mar 15, 2011 | $97.23 | $111.11 |
| Mar 14, 2011 | $101.20 | $112.95 |
| Mar 11, 2011 | $101.14 | $114.07 |
| Mar 10, 2011 | $102.73 | $114.07 |
| Mar 9, 2011 | $104.39 | $115.19 |
| Mar 8, 2011 | $105.06 | $112.32 |
| Mar 7, 2011 | $105.37 | $116.58 |
| Mar 4, 2011 | $104.34 | $115.71 |
| Mar 3, 2011 | $101.92 | $114.42 |
| Mar 2, 2011 | $102.27 | $116.89 |
| Mar 1, 2011 | $99.63 | $113.34 |
Prices rose over the month, from $99.63 on Mar 1, 2011 to $106.19 on Mar 31, 2011. The largest one-day move was −$3.97 on Mar 15, 2011 (−3.9%).
Brent averaged $114.64; its premium over WTI on matched dates averaged $11.79, with the daily Brent − WTI difference ranging from +$7.26 to +$14.62.
It was the second-highest monthly average of 2011. Adjusted with CPI-U, the March 2011 average equals $155.09 in September 2026 dollars.
March 2011 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $102.86 | $114.64 |
| Change vs February 2011 | +$14.28 | +$10.92 |
| Change vs March 2010 | +$21.66 | +$35.81 |
| Highest daily price | $106.19 Mar 31, 2011 | $116.94 Mar 31, 2011 |
| Lowest daily price | $97.23 Mar 15, 2011 | $110.96 Mar 16, 2011 |
| Published daily observations | 23 | 23 |
| Average in September 2026 dollars (CPI-U) | $155.09 | $172.85 |
Monthly averages are EIA's published figures. Real figures use CPI-U for March 2011.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Mar 1, 2011 – Mar 31, 2011 | Mar 31, 2011 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Mar 1, 2011 – Mar 31, 2011 | Mar 31, 2011 |
| 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:2011 daily prices (CSV)