Oil Prices in February 2016: WTI & Brent Daily Prices and Monthly Average
At $30.32 per barrel, February 2016's WTI average was the lowest monthly average in nominal terms since September 2003, down $1.36 (4.3%) from January 2016. The average was 40% below the $50.58 of February 2015.
Daily spot prices, February 2016
Chart data table (20 rows)
| Period | WTI | Brent |
|---|---|---|
| Feb 29, 2016 | $32.74 | $35.92 |
| Feb 26, 2016 | $31.65 | $35.76 |
| Feb 25, 2016 | $31.40 | $32.83 |
| Feb 24, 2016 | $30.35 | $31.50 |
| Feb 23, 2016 | $31.84 | $31.90 |
| Feb 22, 2016 | $31.37 | $33.59 |
| Feb 19, 2016 | $29.59 | $31.66 |
| Feb 18, 2016 | $30.77 | $33.20 |
| Feb 17, 2016 | $30.68 | $33.21 |
| Feb 16, 2016 | $29.05 | $31.09 |
| Feb 12, 2016 | $29.32 | $31.80 |
| Feb 11, 2016 | $26.19 | $28.82 |
| Feb 10, 2016 | $27.54 | $29.64 |
| Feb 9, 2016 | $27.96 | $30.15 |
| Feb 8, 2016 | $29.71 | $31.64 |
| Feb 5, 2016 | $30.86 | $32.35 |
| Feb 4, 2016 | $31.63 | $32.76 |
| Feb 3, 2016 | $32.29 | $32.38 |
| Feb 2, 2016 | $29.90 | $30.98 |
| Feb 1, 2016 | $31.62 | $32.45 |
The month's range ran from $26.19 on Feb 11, 2016 to $32.74 on Feb 29, 2016; the last price was $32.74 on Feb 29, 2016. The largest one-day move was +$3.13 on Feb 12, 2016 (+12.0%).
Brent averaged $32.18; its premium over WTI on matched dates averaged $1.86, with the daily Brent − WTI difference ranging from +$0.06 to +$4.11.
It was the lowest monthly average of 2016. Adjusted with CPI-U, the February 2016 average equals $43.09 in September 2026 dollars.
February 2016 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $30.32 | $32.18 |
| Change vs January 2016 | −$1.36 | +$1.48 |
| Change vs February 2015 | −$20.26 | −$25.92 |
| Highest daily price | $32.74 Feb 29, 2016 | $35.92 Feb 29, 2016 |
| Lowest daily price | $26.19 Feb 11, 2016 | $28.82 Feb 11, 2016 |
| Published daily observations | 20 | 20 |
| Average in September 2026 dollars (CPI-U) | $43.09 | $45.73 |
Monthly averages are EIA's published figures. Real figures use CPI-U for February 2016.
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 | Feb 1, 2016 – Feb 29, 2016 | Feb 29, 2016 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Feb 1, 2016 – Feb 29, 2016 | Feb 29, 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)