Oil Prices in July 2014: WTI & Brent Daily Prices and Monthly Average
WTI averaged $103.59 per barrel in July 2014, down $2.20 (2.1%) from June 2014. It was close to its level a year earlier ($104.67 in July 2013).
Daily spot prices, July 2014
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| Jul 31, 2014 | $98.23 | $104.94 |
| Jul 30, 2014 | $104.29 | $106.47 |
| Jul 29, 2014 | $104.91 | $106.98 |
| Jul 28, 2014 | $105.68 | $106.70 |
| Jul 25, 2014 | $105.23 | $106.89 |
| Jul 24, 2014 | $102.76 | $105.78 |
| Jul 23, 2014 | $103.81 | $106.85 |
| Jul 22, 2014 | $104.59 | $106.48 |
| Jul 21, 2014 | $105.34 | $105.71 |
| Jul 18, 2014 | $103.83 | $106.03 |
| Jul 17, 2014 | $103.84 | $106.04 |
| Jul 16, 2014 | $101.88 | $105.41 |
| Jul 15, 2014 | $100.56 | $104.73 |
| Jul 14, 2014 | $101.73 | $104.73 |
| Jul 11, 2014 | $101.48 | $105.77 |
| Jul 10, 2014 | $103.61 | $106.20 |
| Jul 9, 2014 | $102.93 | $106.84 |
| Jul 8, 2014 | $104.06 | $107.65 |
| Jul 7, 2014 | $104.19 | $108.70 |
| Jul 3, 2014 | $104.76 | $108.98 |
| Jul 2, 2014 | $105.18 | $110.18 |
| Jul 1, 2014 | $106.06 | $110.84 |
Prices fell over the month, from $106.06 on Jul 1, 2014 to $98.23 on Jul 31, 2014, with declines on 15 of 22 trading days. The largest one-day move was −$6.06 on Jul 31, 2014 (−5.8%).
Brent averaged $106.77; its premium over WTI on matched dates averaged $3.18, with the daily Brent − WTI difference ranging from +$0.37 to +$6.71.
It was the second-highest monthly average of 2014. Adjusted with CPI-U, the July 2014 average equals $146.50 in September 2026 dollars.
July 2014 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $103.59 | $106.77 |
| Change vs June 2014 | −$2.20 | −$5.03 |
| Change vs July 2013 | −$1.08 | −$1.16 |
| Highest daily price | $106.06 Jul 1, 2014 | $110.84 Jul 1, 2014 |
| Lowest daily price | $98.23 Jul 31, 2014 | $104.73 Jul 14, 2014 |
| Published daily observations | 22 | 22 |
| Average in September 2026 dollars (CPI-U) | $146.50 | $151.00 |
Monthly averages are EIA's published figures. Real figures use CPI-U for July 2014.
Part of the price episode: 2014–16 price decline
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Jul 1, 2014 – Jul 31, 2014 | Jul 31, 2014 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jul 1, 2014 – Jul 31, 2014 | Jul 31, 2014 |
| 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:2014 daily prices (CSV)