Oil Prices in July 2018: WTI & Brent Daily Prices and Monthly Average
At $70.98 per barrel, July 2018's WTI average was the highest monthly average in nominal terms since November 2014, up $3.11 (4.6%) from June 2018. The average was 52% above the $46.63 of July 2017.
Daily spot prices, July 2018
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| Jul 31, 2018 | $69.88 | $74.16 |
| Jul 30, 2018 | $71.19 | $74.99 |
| Jul 27, 2018 | $68.66 | $74.84 |
| Jul 26, 2018 | $71.59 | $74.51 |
| Jul 25, 2018 | $71.13 | $73.67 |
| Jul 24, 2018 | $70.77 | $73.53 |
| Jul 23, 2018 | $67.90 | $73.45 |
| Jul 20, 2018 | $70.31 | $71.99 |
| Jul 19, 2018 | $69.42 | $71.94 |
| Jul 18, 2018 | $68.78 | $70.52 |
| Jul 17, 2018 | $68.03 | $70.87 |
| Jul 16, 2018 | $68.22 | $71.03 |
| Jul 13, 2018 | $71.03 | $74.11 |
| Jul 12, 2018 | $70.28 | $72.11 |
| Jul 11, 2018 | $70.47 | $75.35 |
| Jul 10, 2018 | $74.11 | $77.80 |
| Jul 9, 2018 | $73.93 | $77.08 |
| Jul 6, 2018 | $73.78 | $74.98 |
| Jul 5, 2018 | $73.05 | $77.09 |
| Jul 4, 2018 | — | $76.99 |
| Jul 3, 2018 | $74.19 | $75.87 |
| Jul 2, 2018 | $73.89 | $76.71 |
Prices fell over the month, from $73.89 on Jul 2, 2018 to $69.88 on Jul 31, 2018. The largest one-day move was −$3.64 on Jul 11, 2018 (−4.9%).
Brent averaged $74.25; its premium over WTI on matched dates averaged $3.14, with the daily Brent − WTI difference ranging from +$1.20 to +$6.18.
It was the highest monthly average of 2018. Adjusted with CPI-U, the July 2018 average equals $94.90 in September 2026 dollars.
July 2018 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $70.98 | $74.25 |
| Change vs June 2018 | +$3.11 | −$0.16 |
| Change vs July 2017 | +$24.35 | +$25.77 |
| Highest daily price | $74.19 Jul 3, 2018 | $77.80 Jul 10, 2018 |
| Lowest daily price | $67.90 Jul 23, 2018 | $70.52 Jul 18, 2018 |
| Published daily observations | 21 | 22 |
| Average in September 2026 dollars (CPI-U) | $94.90 | $99.27 |
Monthly averages are EIA's published figures. Real figures use CPI-U for July 2018.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Jul 2, 2018 – Jul 31, 2018 | Jul 31, 2018 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jul 2, 2018 – Jul 31, 2018 | Jul 31, 2018 |
| 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:2018 daily prices (CSV)