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Oil Prices in November 2017: WTI & Brent Daily Prices and Monthly Average

WTI average
$56.64
EIA monthly average
vs October 2017
+9.8%
$51.58
vs November 2016
+24.0%
$45.66
Brent average
$62.71
avg daily Brent − WTI +$6.05

At $56.64 per barrel, November 2017's WTI average was the highest monthly average in nominal terms since June 2015, up $5.06 (9.8%) from October 2017. A year earlier, in November 2016, it averaged $45.66, so the price was higher by $10.98 (24.0%) year over year.

Daily spot prices, November 2017

Chart data table (22 rows)
Daily spot prices, November 2017 ($/bbl)
PeriodWTIBrent
Nov 30, 2017$57.40$63.53
Nov 29, 2017$57.25$63.74
Nov 28, 2017$57.96$63.56
Nov 27, 2017$58.10$63.25
Nov 24, 2017$58.94$63.58
Nov 23, 2017—$63.27
Nov 22, 2017$57.88$62.92
Nov 21, 2017$56.84$62.28
Nov 20, 2017$56.21$61.34
Nov 17, 2017$56.21$61.34
Nov 16, 2017$55.14$61.18
Nov 15, 2017$55.28$61.25
Nov 14, 2017$55.67$60.91
Nov 13, 2017$56.77$62.94
Nov 10, 2017$56.75$64.35
Nov 9, 2017$57.16$64.49
Nov 8, 2017$56.82$63.96
Nov 7, 2017$57.19$64.36
Nov 6, 2017$57.34$64.27
Nov 3, 2017$55.63$61.42
Nov 2, 2017$54.55$60.79
Nov 1, 2017$54.32$60.98

Prices rose over the month, from $54.32 on Nov 1, 2017 to $57.40 on Nov 30, 2017.

Brent averaged $62.71; its premium over WTI on matched dates averaged $6.05, with the daily Brent − WTI difference ranging from +$4.64 to +$7.60.

It was the second-highest monthly average of 2017. Adjusted with CPI-U, the November 2017 average equals $77.37 in September 2026 dollars.

November 2017 summary

MeasureWTIBrent
Monthly average$56.64$62.71
Change vs October 2017+$5.06+$5.20
Change vs November 2016+$10.98+$17.98
Highest daily price$58.94 Nov 24, 2017$64.49 Nov 9, 2017
Lowest daily price$54.32 Nov 1, 2017$60.79 Nov 2, 2017
Published daily observations2122
Average in September 2026 dollars (CPI-U)$77.37$85.66

Monthly averages are EIA's published figures. Real figures use CPI-U for November 2017.

Source and methodology

ProviderSeriesUnitsCoverageLatest observation
U.S. Energy Information AdministrationRWTC — WTI spot price FOB (daily, monthly)$/bblNov 1, 2017 – Nov 30, 2017Nov 30, 2017
U.S. Energy Information AdministrationRBRTE — Brent spot price FOB (daily, monthly)$/bblNov 1, 2017 – Nov 30, 2017Nov 30, 2017
U.S. Bureau of Labor StatisticsCUUR0000SA0 — CPI-U, all items, NSAindex, 1982–84=100monthlySeptember 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:2017 daily prices (CSV)