Oil Prices in August 2016: WTI & Brent Daily Prices and Monthly Average
WTI averaged $44.72 per barrel in August 2016, little changed from July 2016 ($44.65). A year earlier, in August 2015, it averaged $42.87, so the price was higher by $1.85 (4.3%) year over year.
Daily spot prices, August 2016
Chart data table (23 rows)
| Period | WTI | Brent |
|---|---|---|
| Aug 31, 2016 | $44.68 | $47.94 |
| Aug 30, 2016 | $46.32 | $47.94 |
| Aug 29, 2016 | $46.97 | $49.66 |
| Aug 26, 2016 | $47.64 | $49.66 |
| Aug 25, 2016 | $46.97 | $49.25 |
| Aug 24, 2016 | $46.29 | $47.56 |
| Aug 23, 2016 | $47.54 | $48.70 |
| Aug 22, 2016 | $46.80 | $48.10 |
| Aug 19, 2016 | $48.48 | $49.39 |
| Aug 18, 2016 | $48.20 | $49.46 |
| Aug 17, 2016 | $46.81 | $48.58 |
| Aug 16, 2016 | $46.57 | $48.27 |
| Aug 15, 2016 | $45.72 | $47.31 |
| Aug 12, 2016 | $44.47 | $45.12 |
| Aug 11, 2016 | $43.51 | $44.23 |
| Aug 10, 2016 | $41.75 | $42.19 |
| Aug 9, 2016 | $42.78 | $43.37 |
| Aug 8, 2016 | $43.06 | $43.24 |
| Aug 5, 2016 | $41.83 | $42.47 |
| Aug 4, 2016 | $41.92 | $41.33 |
| Aug 3, 2016 | $40.80 | $40.45 |
| Aug 2, 2016 | $39.50 | $40.00 |
| Aug 1, 2016 | $40.05 | $40.17 |
Prices dipped to $39.50 on Aug 2, 2016, then climbed to $48.48 on Aug 19, 2016 and ended at $44.68. The largest one-day move was +$1.76 on Aug 11, 2016 (+4.2%).
Brent averaged $45.84; its premium over WTI on matched dates averaged $1.12, with the daily Brent − WTI difference ranging from −$0.59 to +$3.26.
Adjusted with CPI-U, the August 2016 average equals $62.56 in September 2026 dollars.
August 2016 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $44.72 | $45.84 |
| Change vs July 2016 | +$0.07 | +$0.89 |
| Change vs August 2015 | +$1.85 | −$0.68 |
| Highest daily price | $48.48 Aug 19, 2016 | $49.66 Aug 26, 2016 |
| Lowest daily price | $39.50 Aug 2, 2016 | $40.00 Aug 2, 2016 |
| Published daily observations | 23 | 23 |
| Average in September 2026 dollars (CPI-U) | $62.56 | $64.13 |
Monthly averages are EIA's published figures. Real figures use CPI-U for August 2016.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Aug 1, 2016 – Aug 31, 2016 | Aug 31, 2016 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Aug 1, 2016 – Aug 31, 2016 | Aug 31, 2016 |
| 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:2016 daily prices (CSV)