Oil Prices in 2018: WTI & Brent History and Monthly Averages
WTI averaged $65.23 per barrel in 2018, up $14.43 (28.4%) from 2017; that was the highest annual average since 2014.
Monthly average prices in 2018
| Month | WTI avg | WTI high | WTI low | Brent avg | Brent − WTI (matched dates) | WTI (September 2026 $) | Brent (September 2026 $) |
|---|---|---|---|---|---|---|---|
| January | $63.70 | $66.27 | $60.37 | $69.08 | +$5.32 | $86.59 | $93.90 |
| February | $62.23 | $65.92 | $59.20 | $65.32 | +$3.11 | $84.21 | $88.39 |
| March | $62.73 | $65.80 | $60.13 | $66.02 | +$3.29 | $84.70 | $89.14 |
| April | $66.25 | $68.56 | $62.03 | $72.11 | +$5.76 | $89.09 | $96.98 |
| May | $69.98 | $72.26 | $66.80 | $76.98 | +$6.90 | $93.72 | $103.10 |
| June | $67.87 | $77.41 | $64.75 | $74.41 | +$6.53 | $90.75 | $99.50 |
| July | $70.98 | $74.19 | $67.90 | $74.25 | +$3.14 | $94.90 | $99.27 |
| August | $68.06 | $70.25 | $65.07 | $72.53 | +$4.47 | $90.95 | $96.92 |
| September | $70.23 | $73.40 | $67.55 | $78.89 | +$8.72 | $93.74 | $105.30 |
| October | $70.75 | $76.40 | $65.31 | $81.03 | +$10.28 | $94.27 | $107.96 |
| November | $56.96 | $63.67 | $50.06 | $64.75 | +$8.32 | $76.15 | $86.56 |
| December | $49.52 | $53.21 | $44.48 | $57.36 | +$7.63 | $66.41 | $76.93 |
Monthly averages are EIA's published figures. Brent − WTI is the average over dates with both prices published, so it can differ from the difference between the two monthly averages. Inflation-adjusted columns use CPI-U for each month, expressed in September 2026 dollars; “—” means CPI-U for that month is not available.
The steepest fall within the year ran from $77.41 on Jun 27, 2018 to $44.48 on Dec 27, 2018, a 43% drop. Although the annual average rose, prices ended the year lower than they started: $60.37 on Jan 2, 2018 against $45.15 on Dec 28, 2018. From $59.20 on Feb 9, 2018, WTI climbed to $77.41 by Jun 27, 2018, a 31% gain. Between October and November the monthly average fell $13.79, the largest month-to-month change of the year.
Brent carried a wide premium over WTI in 2018, averaging $6.12 more on 248 matched dates, with the widest daily gap $12.18 on Oct 23, 2018. Brent averaged $71.34, up $17.21 (31.8%) from 2017.
Monthly averages peaked early, at $70.98 in July, and bottomed at $49.52 in December. In September 2026 dollars (CPI-U), the 2018 average is $87.53, higher than 2025's real average by $19.09 (27.9%). The 2010s as a whole averaged $72.42, so 2018 ran below its decade. Of 40 complete years with an EIA annual average, 2018 ranks 14th highest.
2018 summary statistics
| Measure | WTI | Brent | Brent − WTI |
|---|---|---|---|
| Average | $65.23 | $71.34 | +$6.12 |
| Change vs 2017 average | +$14.43 | +$17.21 | +$2.75 |
| Highest daily price | $77.41 Jun 27, 2018 | $86.07 Oct 4, 2018 | — |
| Lowest daily price | $44.48 Dec 27, 2018 | $50.57 Dec 28, 2018 | — |
| Highest daily spread | — | — | +$12.18 Oct 23, 2018 |
| Lowest daily spread | — | — | −$1.65 Jun 26, 2018 |
| First observation | $60.37 Jan 2, 2018 | $66.65 Jan 2, 2018 | — |
| Last observation | $45.15 Dec 28, 2018 | $50.57 Dec 28, 2018 | — |
| Published daily observations | 249 | 254 | 248 matched |
| Average in September 2026 dollars | $87.53 | $95.73 | — |
Daily spot prices in 2018
Show all 255 dates (Jan 2, 2018 – Dec 28, 2018)
| Date | WTI | Brent | Brent − WTI |
|---|---|---|---|
| Jan 2, 2018 | $60.37 | $66.65 | +$6.28 |
| Jan 3, 2018 | $61.61 | $67.85 | +$6.24 |
| Jan 4, 2018 | $61.98 | $68.73 | +$6.75 |
| Jan 5, 2018 | $61.49 | $68.01 | +$6.52 |
| Jan 8, 2018 | $61.73 | $68.48 | +$6.75 |
| Jan 9, 2018 | $62.92 | $69.08 | +$6.16 |
| Jan 10, 2018 | $63.60 | $69.79 | +$6.19 |
| Jan 11, 2018 | $63.81 | $70.36 | +$6.55 |
| Jan 12, 2018 | $64.22 | $69.64 | +$5.42 |
| Jan 15, 2018 | — | $70.31 | — |
| Jan 16, 2018 | $63.82 | $69.40 | +$5.58 |
| Jan 17, 2018 | $63.92 | $69.19 | +$5.27 |
| Jan 18, 2018 | $63.96 | $69.48 | +$5.52 |
| Jan 19, 2018 | $63.38 | $68.56 | +$5.18 |
| Jan 22, 2018 | $63.66 | $69.32 | +$5.66 |
| Jan 23, 2018 | $64.45 | $69.81 | +$5.36 |
| Jan 24, 2018 | $65.69 | $69.91 | +$4.22 |
| Jan 25, 2018 | $65.62 | $71.08 | +$5.46 |
| Jan 26, 2018 | $66.27 | $70.08 | +$3.81 |
| Jan 29, 2018 | $65.71 | $68.41 | +$2.70 |
| Jan 30, 2018 | $64.64 | $67.78 | +$3.14 |
| Jan 31, 2018 | $64.82 | $67.78 | +$2.96 |
| Feb 1, 2018 | $65.92 | $68.60 | +$2.68 |
| Feb 2, 2018 | $65.50 | $67.45 | +$1.95 |
| Feb 5, 2018 | $64.18 | $67.69 | +$3.51 |
| Feb 6, 2018 | $63.48 | $66.75 | +$3.27 |
| Feb 7, 2018 | $61.91 | $65.74 | +$3.83 |
| Feb 8, 2018 | $61.30 | $64.26 | +$2.96 |
| Feb 9, 2018 | $59.20 | $63.04 | +$3.84 |
| Feb 12, 2018 | $59.41 | $62.20 | +$2.79 |
| Feb 13, 2018 | $59.33 | $61.94 | +$2.61 |
| Feb 14, 2018 | $60.70 | $62.29 | +$1.59 |
| Feb 15, 2018 | $61.48 | $62.86 | +$1.38 |
| Feb 16, 2018 | $61.89 | $64.30 | +$2.41 |
| Feb 19, 2018 | — | $64.95 | — |
| Feb 20, 2018 | $61.91 | $64.68 | +$2.77 |
| Feb 21, 2018 | $61.73 | $64.81 | +$3.08 |
| Feb 22, 2018 | $62.72 | $66.12 | +$3.40 |
| Feb 23, 2018 | $63.52 | $67.04 | +$3.52 |
| Feb 26, 2018 | $63.81 | $67.96 | +$4.15 |
| Feb 27, 2018 | $62.94 | $67.59 | +$4.65 |
| Feb 28, 2018 | $61.43 | $66.08 | +$4.65 |
| Mar 1, 2018 | $60.98 | $64.23 | +$3.25 |
| Mar 2, 2018 | $61.19 | $64.26 | +$3.07 |
| Mar 5, 2018 | $62.49 | $65.78 | +$3.29 |
| Mar 6, 2018 | $62.54 | $65.67 | +$3.13 |
| Mar 7, 2018 | $61.09 | $65.09 | +$4.00 |
| Mar 8, 2018 | $60.13 | $63.87 | +$3.74 |
| Mar 9, 2018 | $62.02 | $65.19 | +$3.17 |
| Mar 12, 2018 | $61.35 | $64.53 | +$3.18 |
| Mar 13, 2018 | $60.69 | $64.20 | +$3.51 |
| Mar 14, 2018 | $60.89 | $63.61 | +$2.72 |
| Mar 15, 2018 | $61.16 | $63.67 | +$2.51 |
| Mar 16, 2018 | $62.29 | $64.68 | +$2.39 |
| Mar 19, 2018 | $62.01 | $64.82 | +$2.81 |
| Mar 20, 2018 | $63.37 | $66.00 | +$2.63 |
| Mar 21, 2018 | $65.10 | $68.15 | +$3.05 |
| Mar 22, 2018 | $64.25 | $68.98 | +$4.73 |
| Mar 23, 2018 | $65.80 | $69.03 | +$3.23 |
| Mar 26, 2018 | $65.49 | $68.81 | +$3.32 |
| Mar 27, 2018 | $65.21 | $68.63 | +$3.42 |
| Mar 28, 2018 | $64.30 | $68.13 | +$3.83 |
| Mar 29, 2018 | $64.87 | $69.02 | +$4.15 |
| Apr 2, 2018 | $63.05 | $69.02 | +$5.97 |
| Apr 3, 2018 | $63.41 | $69.02 | +$5.61 |
| Apr 4, 2018 | $63.35 | $66.04 | +$2.69 |
| Apr 5, 2018 | $63.53 | $66.54 | +$3.01 |
| Apr 6, 2018 | $62.03 | $66.51 | +$4.48 |
| Apr 9, 2018 | $63.40 | $68.19 | +$4.79 |
| Apr 10, 2018 | $65.48 | $70.67 | +$5.19 |
| Apr 11, 2018 | $66.81 | $72.74 | +$5.93 |
| Apr 12, 2018 | $67.07 | $71.44 | +$4.37 |
| Apr 13, 2018 | $67.35 | $73.18 | +$5.83 |
| Apr 16, 2018 | $66.23 | $73.18 | +$6.95 |
| Apr 17, 2018 | $66.50 | $71.71 | +$5.21 |
| Apr 18, 2018 | $68.44 | $73.73 | +$5.29 |
| Apr 19, 2018 | $68.30 | $74.85 | +$6.55 |
| Apr 20, 2018 | $68.26 | $74.62 | +$6.36 |
| Apr 23, 2018 | $67.61 | $74.54 | +$6.93 |
| Apr 24, 2018 | $67.66 | $75.86 | +$8.20 |
| Apr 25, 2018 | $68.00 | $73.79 | +$5.79 |
| Apr 26, 2018 | $68.18 | $75.39 | +$7.21 |
| Apr 27, 2018 | $68.11 | $75.33 | +$7.22 |
| Apr 30, 2018 | $68.56 | $75.92 | +$7.36 |
| May 1, 2018 | $67.28 | $74.85 | +$7.57 |
| May 2, 2018 | $67.91 | $73.14 | +$5.23 |
| May 3, 2018 | $68.45 | $73.45 | +$5.00 |
| May 4, 2018 | $69.71 | $74.75 | +$5.04 |
| May 7, 2018 | $70.74 | $74.75 | +$4.01 |
| May 8, 2018 | $68.83 | $74.16 | +$5.33 |
| May 9, 2018 | $71.16 | $77.60 | +$6.44 |
| May 10, 2018 | $71.36 | $77.59 | +$6.23 |
| May 11, 2018 | $70.69 | $77.37 | +$6.68 |
| May 14, 2018 | $71.01 | $78.17 | +$7.16 |
| May 15, 2018 | $71.34 | $78.94 | +$7.60 |
| May 16, 2018 | $71.43 | $78.19 | +$6.76 |
| May 17, 2018 | $71.47 | $80.09 | +$8.62 |
| May 18, 2018 | $71.23 | $78.38 | +$7.15 |
| May 21, 2018 | $72.26 | $78.34 | +$6.08 |
| May 22, 2018 | $72.09 | $80.42 | +$8.33 |
| May 23, 2018 | $71.85 | $78.69 | +$6.84 |
| May 24, 2018 | $70.77 | $78.90 | +$8.13 |
| May 25, 2018 | $67.92 | $76.60 | +$8.68 |
| May 29, 2018 | $66.80 | $74.51 | +$7.71 |
| May 30, 2018 | $68.24 | $75.89 | +$7.65 |
| May 31, 2018 | $66.98 | $76.45 | +$9.47 |
| Jun 1, 2018 | $65.81 | $74.54 | +$8.73 |
| Jun 4, 2018 | $64.76 | $73.41 | +$8.65 |
| Jun 5, 2018 | $65.51 | $72.91 | +$7.40 |
| Jun 6, 2018 | $64.75 | $73.23 | +$8.48 |
| Jun 7, 2018 | $65.96 | $75.23 | +$9.27 |
| Jun 8, 2018 | $65.77 | $75.11 | +$9.34 |
| Jun 11, 2018 | $66.10 | $74.58 | +$8.48 |
| Jun 12, 2018 | $66.38 | $74.86 | +$8.48 |
| Jun 13, 2018 | $66.63 | $75.07 | +$8.44 |
| Jun 14, 2018 | $66.91 | $74.77 | +$7.86 |
| Jun 15, 2018 | $65.01 | $72.02 | +$7.01 |
| Jun 18, 2018 | $65.91 | $74.87 | +$8.96 |
| Jun 19, 2018 | $65.09 | $74.92 | +$9.83 |
| Jun 20, 2018 | $65.92 | $74.25 | +$8.33 |
| Jun 21, 2018 | $65.68 | $72.87 | +$7.19 |
| Jun 22, 2018 | $69.02 | $73.67 | +$4.65 |
| Jun 25, 2018 | $69.91 | $72.82 | +$2.91 |
| Jun 26, 2018 | $75.23 | $73.58 | −$1.65 |
| Jun 27, 2018 | $77.41 | $76.09 | −$1.32 |
| Jun 28, 2018 | $73.45 | $76.26 | +$2.81 |
| Jun 29, 2018 | $74.13 | $77.44 | +$3.31 |
| Jul 2, 2018 | $73.89 | $76.71 | +$2.82 |
| Jul 3, 2018 | $74.19 | $75.87 | +$1.68 |
| Jul 4, 2018 | — | $76.99 | — |
| Jul 5, 2018 | $73.05 | $77.09 | +$4.04 |
| Jul 6, 2018 | $73.78 | $74.98 | +$1.20 |
| Jul 9, 2018 | $73.93 | $77.08 | +$3.15 |
| Jul 10, 2018 | $74.11 | $77.80 | +$3.69 |
| Jul 11, 2018 | $70.47 | $75.35 | +$4.88 |
| Jul 12, 2018 | $70.28 | $72.11 | +$1.83 |
| Jul 13, 2018 | $71.03 | $74.11 | +$3.08 |
| Jul 16, 2018 | $68.22 | $71.03 | +$2.81 |
| Jul 17, 2018 | $68.03 | $70.87 | +$2.84 |
| Jul 18, 2018 | $68.78 | $70.52 | +$1.74 |
| Jul 19, 2018 | $69.42 | $71.94 | +$2.52 |
| Jul 20, 2018 | $70.31 | $71.99 | +$1.68 |
| Jul 23, 2018 | $67.90 | $73.45 | +$5.55 |
| Jul 24, 2018 | $70.77 | $73.53 | +$2.76 |
| Jul 25, 2018 | $71.13 | $73.67 | +$2.54 |
| Jul 26, 2018 | $71.59 | $74.51 | +$2.92 |
| Jul 27, 2018 | $68.66 | $74.84 | +$6.18 |
| Jul 30, 2018 | $71.19 | $74.99 | +$3.80 |
| Jul 31, 2018 | $69.88 | $74.16 | +$4.28 |
| Aug 1, 2018 | $68.80 | $72.28 | +$3.48 |
| Aug 2, 2018 | $68.95 | $72.95 | +$4.00 |
| Aug 3, 2018 | $68.49 | $72.48 | +$3.99 |
| Aug 6, 2018 | $69.01 | $72.51 | +$3.50 |
| Aug 7, 2018 | $69.17 | $72.31 | +$3.14 |
| Aug 8, 2018 | $66.92 | $70.71 | +$3.79 |
| Aug 9, 2018 | $66.81 | $70.55 | +$3.74 |
| Aug 10, 2018 | $67.61 | $71.00 | +$3.39 |
| Aug 13, 2018 | $67.25 | $70.62 | +$3.37 |
| Aug 14, 2018 | $67.04 | $70.77 | +$3.73 |
| Aug 15, 2018 | $65.07 | $68.38 | +$3.31 |
| Aug 16, 2018 | $65.44 | $69.21 | +$3.77 |
| Aug 17, 2018 | $65.93 | $70.14 | +$4.21 |
| Aug 20, 2018 | $66.50 | $71.11 | +$4.61 |
| Aug 21, 2018 | $67.32 | $71.65 | +$4.33 |
| Aug 22, 2018 | $67.85 | $72.96 | +$5.11 |
| Aug 23, 2018 | $69.13 | $73.73 | +$4.60 |
| Aug 24, 2018 | $69.71 | $74.41 | +$4.70 |
| Aug 27, 2018 | $69.97 | $74.41 | +$4.44 |
| Aug 28, 2018 | $68.54 | $75.91 | +$7.37 |
| Aug 29, 2018 | $69.68 | $76.07 | +$6.39 |
| Aug 30, 2018 | $70.25 | $77.05 | +$6.80 |
| Aug 31, 2018 | $69.84 | $76.94 | +$7.10 |
| Sep 3, 2018 | — | $77.81 | — |
| Sep 4, 2018 | $69.82 | $77.51 | +$7.69 |
| Sep 5, 2018 | $68.69 | $76.68 | +$7.99 |
| Sep 6, 2018 | $67.81 | $75.67 | +$7.86 |
| Sep 7, 2018 | $67.73 | $75.55 | +$7.82 |
| Sep 10, 2018 | $67.55 | $76.77 | +$9.22 |
| Sep 11, 2018 | $69.29 | $78.22 | +$8.93 |
| Sep 12, 2018 | $70.37 | $80.02 | +$9.65 |
| Sep 13, 2018 | $68.60 | $77.66 | +$9.06 |
| Sep 14, 2018 | $68.98 | $77.87 | +$8.89 |
| Sep 17, 2018 | $68.86 | $78.22 | +$9.36 |
| Sep 18, 2018 | $69.87 | $79.25 | +$9.38 |
| Sep 19, 2018 | $71.08 | $79.43 | +$8.35 |
| Sep 20, 2018 | $70.77 | $79.03 | +$8.26 |
| Sep 21, 2018 | $70.80 | $78.90 | +$8.10 |
| Sep 24, 2018 | $73.23 | $80.89 | +$7.66 |
| Sep 25, 2018 | $73.40 | $82.21 | +$8.81 |
| Sep 26, 2018 | $72.22 | $81.87 | +$9.65 |
| Sep 27, 2018 | $72.18 | $81.54 | +$9.36 |
| Sep 28, 2018 | $73.16 | $82.72 | +$9.56 |
| Oct 1, 2018 | $75.37 | $84.94 | +$9.57 |
| Oct 2, 2018 | $75.16 | $85.63 | +$10.47 |
| Oct 3, 2018 | $76.40 | $85.45 | +$9.05 |
| Oct 4, 2018 | $74.44 | $86.07 | +$11.63 |
| Oct 5, 2018 | $74.26 | $85.12 | +$10.86 |
| Oct 8, 2018 | $74.27 | $84.22 | +$9.95 |
| Oct 9, 2018 | $74.95 | $85.16 | +$10.21 |
| Oct 10, 2018 | $73.18 | $83.82 | +$10.64 |
| Oct 11, 2018 | $70.97 | $81.35 | +$10.38 |
| Oct 12, 2018 | $71.41 | $80.71 | +$9.30 |
| Oct 15, 2018 | $71.84 | $80.91 | +$9.07 |
| Oct 16, 2018 | $71.93 | $80.53 | +$8.60 |
| Oct 17, 2018 | $69.63 | $79.91 | +$10.28 |
| Oct 18, 2018 | $68.63 | $80.30 | +$11.67 |
| Oct 19, 2018 | $69.16 | $80.38 | +$11.22 |
| Oct 22, 2018 | $69.25 | $80.45 | +$11.20 |
| Oct 23, 2018 | $66.49 | $78.67 | +$12.18 |
| Oct 24, 2018 | $66.56 | $77.34 | +$10.78 |
| Oct 25, 2018 | $67.25 | $77.30 | +$10.05 |
| Oct 26, 2018 | $67.58 | $77.40 | +$9.82 |
| Oct 29, 2018 | $67.00 | $77.56 | +$10.56 |
| Oct 30, 2018 | $66.18 | $75.68 | +$9.50 |
| Oct 31, 2018 | $65.31 | $74.84 | +$9.53 |
| Nov 1, 2018 | $63.67 | $71.25 | +$7.58 |
| Nov 2, 2018 | $63.12 | $71.11 | +$7.99 |
| Nov 5, 2018 | $63.12 | $72.68 | +$9.56 |
| Nov 6, 2018 | $62.16 | $70.64 | +$8.48 |
| Nov 7, 2018 | $61.69 | $70.10 | +$8.41 |
| Nov 8, 2018 | $60.71 | $69.29 | +$8.58 |
| Nov 9, 2018 | $60.19 | $69.01 | +$8.82 |
| Nov 12, 2018 | $59.85 | $69.81 | +$9.96 |
| Nov 13, 2018 | $55.63 | $65.45 | +$9.82 |
| Nov 14, 2018 | $56.16 | $64.88 | +$8.72 |
| Nov 15, 2018 | $56.45 | $65.61 | +$9.16 |
| Nov 16, 2018 | $56.49 | $65.29 | +$8.80 |
| Nov 19, 2018 | $57.16 | $64.14 | +$6.98 |
| Nov 20, 2018 | $53.39 | $61.50 | +$8.11 |
| Nov 21, 2018 | $54.41 | $61.65 | +$7.24 |
| Nov 22, 2018 | — | $61.11 | — |
| Nov 23, 2018 | — | $57.69 | — |
| Nov 26, 2018 | $51.46 | $59.70 | +$8.24 |
| Nov 27, 2018 | $51.31 | $59.58 | +$8.27 |
| Nov 28, 2018 | $50.06 | $57.97 | +$7.91 |
| Nov 29, 2018 | $51.46 | $58.29 | +$6.83 |
| Nov 30, 2018 | $50.78 | $57.71 | +$6.93 |
| Dec 3, 2018 | $52.98 | $60.17 | +$7.19 |
| Dec 4, 2018 | $53.21 | $61.22 | +$8.01 |
| Dec 5, 2018 | $52.64 | $61.40 | +$8.76 |
| Dec 6, 2018 | $51.54 | $57.83 | +$6.29 |
| Dec 7, 2018 | $52.76 | $61.71 | +$8.95 |
| Dec 10, 2018 | $51.07 | $60.29 | +$9.22 |
| Dec 11, 2018 | $51.65 | $59.73 | +$8.08 |
| Dec 12, 2018 | $51.04 | $59.94 | +$8.90 |
| Dec 13, 2018 | $52.69 | $59.03 | +$6.34 |
| Dec 14, 2018 | $51.26 | $58.56 | +$7.30 |
| Dec 17, 2018 | $49.80 | $57.59 | +$7.79 |
| Dec 18, 2018 | $46.12 | $55.26 | +$9.14 |
| Dec 19, 2018 | $47.96 | $55.60 | +$7.64 |
| Dec 20, 2018 | $45.64 | $52.84 | +$7.20 |
| Dec 21, 2018 | $45.38 | $51.93 | +$6.55 |
| Dec 26, 2018 | $46.04 | — | — |
| Dec 27, 2018 | $44.48 | $51.49 | +$7.01 |
| Dec 28, 2018 | $45.15 | $50.57 | +$5.42 |
“—” means EIA published no price for that benchmark on that date.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB | $/bbl | Jan 2, 2018 – Dec 28, 2018 | Dec 28, 2018 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB | $/bbl | Jan 2, 2018 – Dec 28, 2018 | Dec 28, 2018 |
| U.S. Bureau of Labor Statistics | CUUR0000SA0 — CPI-U, all items, NSA | index, 1982–84=100 | monthly and annual average | September 2026 |
Inflation adjustment: real = nominal × CPI-U(September 2026) ÷ CPI-U(period). Annual figures use the BLS annual average CPI-U; a year without one uses the mean of the months published so far.
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:2018 daily prices (CSV)