Oil Prices in May 2014: WTI & Brent Daily Prices and Monthly Average
WTI averaged $102.18 per barrel in May 2014, little changed from April 2014 ($102.07). A year earlier, in May 2013, it averaged $94.51, so the price was higher by $7.67 (8.1%) year over year.
Daily spot prices, May 2014
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| May 30, 2014 | $103.40 | $109.21 |
| May 29, 2014 | $104.26 | $109.98 |
| May 28, 2014 | $103.37 | $109.09 |
| May 27, 2014 | $104.78 | $109.81 |
| May 26, 2014 | — | $110.01 |
| May 23, 2014 | $105.01 | $110.19 |
| May 22, 2014 | $104.03 | $110.89 |
| May 21, 2014 | $104.31 | $111.32 |
| May 20, 2014 | $102.80 | $110.35 |
| May 19, 2014 | $102.95 | $110.84 |
| May 16, 2014 | $102.31 | $110.90 |
| May 15, 2014 | $101.74 | $109.74 |
| May 14, 2014 | $102.63 | $109.87 |
| May 13, 2014 | $102.01 | $108.78 |
| May 12, 2014 | $100.89 | $108.37 |
| May 9, 2014 | $100.32 | $108.26 |
| May 8, 2014 | $100.52 | $108.19 |
| May 7, 2014 | $101.06 | $108.17 |
| May 6, 2014 | $99.81 | $108.30 |
| May 5, 2014 | $99.74 | $109.48 |
| May 2, 2014 | $100.09 | $109.48 |
| May 1, 2014 | $99.69 | $108.63 |
The month's range ran from $99.69 on May 1, 2014 to $105.01 on May 23, 2014; the last price was $103.40 on May 30, 2014.
Brent averaged $109.54; its premium over WTI on matched dates averaged $7.34, with the daily Brent − WTI difference ranging from +$5.03 to +$9.74.
Adjusted with CPI-U, the May 2014 average equals $144.72 in September 2026 dollars.
May 2014 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $102.18 | $109.54 |
| Change vs April 2014 | +$0.11 | +$1.78 |
| Change vs May 2013 | +$7.67 | +$6.98 |
| Highest daily price | $105.01 May 23, 2014 | $111.32 May 21, 2014 |
| Lowest daily price | $99.69 May 1, 2014 | $108.17 May 7, 2014 |
| Published daily observations | 21 | 22 |
| Average in September 2026 dollars (CPI-U) | $144.72 | $155.14 |
Monthly averages are EIA's published figures. Real figures use CPI-U for May 2014.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | May 1, 2014 – May 30, 2014 | May 30, 2014 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | May 1, 2014 – May 30, 2014 | May 30, 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)