Oil Prices in June 2016: WTI & Brent Daily Prices and Monthly Average
WTI averaged $48.76 per barrel in June 2016, up $2.05 (4.4%) from May 2016. A year earlier, in June 2015, it averaged $59.82, so the price was lower by $11.06 (18.5%) year over year.
Daily spot prices, June 2016
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| Jun 30, 2016 | $48.27 | $48.05 |
| Jun 29, 2016 | $49.85 | $48.40 |
| Jun 28, 2016 | $47.93 | $46.29 |
| Jun 27, 2016 | $45.80 | $45.07 |
| Jun 24, 2016 | $46.70 | $46.69 |
| Jun 23, 2016 | $49.34 | $48.63 |
| Jun 22, 2016 | $49.16 | $48.43 |
| Jun 21, 2016 | $48.95 | $48.18 |
| Jun 20, 2016 | $49.40 | $48.68 |
| Jun 17, 2016 | $48.00 | $46.57 |
| Jun 16, 2016 | $46.14 | $45.66 |
| Jun 15, 2016 | $47.92 | $47.47 |
| Jun 14, 2016 | $48.49 | $47.88 |
| Jun 13, 2016 | $48.89 | $49.36 |
| Jun 10, 2016 | $49.09 | $49.70 |
| Jun 9, 2016 | $50.52 | $50.59 |
| Jun 8, 2016 | $51.23 | $50.73 |
| Jun 7, 2016 | $50.37 | $49.76 |
| Jun 6, 2016 | $49.71 | $48.94 |
| Jun 3, 2016 | $48.69 | $48.50 |
| Jun 2, 2016 | $49.14 | $49.05 |
| Jun 1, 2016 | $49.07 | $48.81 |
Prices peaked at $51.23 on Jun 8, 2016, then fell to $45.80 on Jun 27, 2016 and ended at $48.27. The largest one-day move was −$2.64 on Jun 24, 2016 (−5.4%).
Brent averaged $48.25, within a dollar of WTI on average across the 22 dates when both were published.
Adjusted with CPI-U, the June 2016 average equals $68.17 in September 2026 dollars.
June 2016 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $48.76 | $48.25 |
| Change vs May 2016 | +$2.05 | +$1.51 |
| Change vs June 2015 | −$11.06 | −$13.23 |
| Highest daily price | $51.23 Jun 8, 2016 | $50.73 Jun 8, 2016 |
| Lowest daily price | $45.80 Jun 27, 2016 | $45.07 Jun 27, 2016 |
| Published daily observations | 22 | 22 |
| Average in September 2026 dollars (CPI-U) | $68.17 | $67.45 |
Monthly averages are EIA's published figures. Real figures use CPI-U for June 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 | Jun 1, 2016 – Jun 30, 2016 | Jun 30, 2016 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jun 1, 2016 – Jun 30, 2016 | Jun 30, 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)