Oil Prices in October 2016: WTI & Brent Daily Prices and Monthly Average
WTI jumped in October 2016: the monthly average rose to $49.78, up $4.60 (10.2%) from September 2016, the highest monthly average in nominal terms since July 2015. A year earlier, in October 2015, it averaged $46.22, so the price was higher by $3.56 (7.7%) year over year.
Daily spot prices, October 2016
Chart data table (21 rows)
| Period | WTI | Brent |
|---|---|---|
| Oct 31, 2016 | $46.83 | $46.20 |
| Oct 28, 2016 | $48.72 | $47.78 |
| Oct 27, 2016 | $49.71 | $49.13 |
| Oct 26, 2016 | $48.75 | $48.98 |
| Oct 25, 2016 | $49.45 | $49.08 |
| Oct 24, 2016 | $50.18 | $49.80 |
| Oct 21, 2016 | $50.61 | $50.28 |
| Oct 20, 2016 | $50.31 | $50.42 |
| Oct 19, 2016 | $51.59 | $51.85 |
| Oct 18, 2016 | $50.30 | $49.81 |
| Oct 17, 2016 | $49.97 | $49.31 |
| Oct 14, 2016 | $50.35 | $48.87 |
| Oct 13, 2016 | $50.47 | $49.29 |
| Oct 12, 2016 | $50.14 | $49.53 |
| Oct 11, 2016 | $50.72 | $50.48 |
| Oct 10, 2016 | $49.76 | $51.54 |
| Oct 7, 2016 | $49.76 | $50.49 |
| Oct 6, 2016 | $50.44 | $50.14 |
| Oct 5, 2016 | $49.75 | $49.57 |
| Oct 4, 2016 | $48.67 | $48.81 |
| Oct 3, 2016 | $48.80 | $48.61 |
The month's range ran from $46.83 on Oct 31, 2016 to $51.59 on Oct 19, 2016; the last price was $46.83 on Oct 31, 2016.
Brent averaged $49.52, within a dollar of WTI on average across the 21 dates when both were published.
It was the second-highest monthly average of 2016. Adjusted with CPI-U, the October 2016 average equals $69.39 in September 2026 dollars.
October 2016 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $49.78 | $49.52 |
| Change vs September 2016 | +$4.60 | +$2.95 |
| Change vs October 2015 | +$3.56 | +$1.09 |
| Highest daily price | $51.59 Oct 19, 2016 | $51.85 Oct 19, 2016 |
| Lowest daily price | $46.83 Oct 31, 2016 | $46.20 Oct 31, 2016 |
| Published daily observations | 21 | 21 |
| Average in September 2026 dollars (CPI-U) | $69.39 | $69.02 |
Monthly averages are EIA's published figures. Real figures use CPI-U for October 2016.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Oct 3, 2016 – Oct 31, 2016 | Oct 31, 2016 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Oct 3, 2016 – Oct 31, 2016 | Oct 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)