Oil Prices in August 2020: WTI & Brent Daily Prices and Monthly Average
WTI averaged $42.34 per barrel in August 2020, up $1.63 (4.0%) from July 2020. A year earlier, in August 2019, it averaged $54.81, so the price was lower by $12.47 (22.8%) year over year.
Daily spot prices, August 2020
Chart data table (21 rows)
| Period | WTI | Brent |
|---|---|---|
| Aug 31, 2020 | $42.61 | — |
| Aug 28, 2020 | $42.96 | $45.22 |
| Aug 27, 2020 | $42.88 | $44.84 |
| Aug 26, 2020 | $43.21 | $45.79 |
| Aug 25, 2020 | $43.17 | $46.01 |
| Aug 24, 2020 | $42.44 | $44.43 |
| Aug 21, 2020 | $42.32 | $43.94 |
| Aug 20, 2020 | $42.62 | $44.56 |
| Aug 19, 2020 | $42.91 | $45.21 |
| Aug 18, 2020 | $42.89 | $45.34 |
| Aug 17, 2020 | $42.89 | $44.91 |
| Aug 14, 2020 | $42.05 | $44.86 |
| Aug 13, 2020 | $42.26 | $44.87 |
| Aug 12, 2020 | $42.60 | $45.09 |
| Aug 11, 2020 | $41.53 | $43.68 |
| Aug 10, 2020 | $41.94 | $44.19 |
| Aug 7, 2020 | $41.16 | $44.07 |
| Aug 6, 2020 | $41.93 | $45.04 |
| Aug 5, 2020 | $42.25 | $44.92 |
| Aug 4, 2020 | $41.67 | $43.99 |
| Aug 3, 2020 | $40.83 | $43.76 |
The month's range ran from $40.83 on Aug 3, 2020 to $43.21 on Aug 26, 2020; the last price was $42.61 on Aug 31, 2020.
Brent averaged $44.74; its premium over WTI on matched dates averaged $2.41, with the daily Brent − WTI difference ranging from +$1.62 to +$3.11.
Adjusted with CPI-U, the August 2020 average equals $54.89 in September 2026 dollars.
August 2020 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $42.34 | $44.74 |
| Change vs July 2020 | +$1.63 | +$1.50 |
| Change vs August 2019 | −$12.47 | −$14.30 |
| Highest daily price | $43.21 Aug 26, 2020 | $46.01 Aug 25, 2020 |
| Lowest daily price | $40.83 Aug 3, 2020 | $43.68 Aug 11, 2020 |
| Published daily observations | 21 | 20 |
| Average in September 2026 dollars (CPI-U) | $54.89 | $58.00 |
Monthly averages are EIA's published figures. Real figures use CPI-U for August 2020.
Part of the price episode: 2020 price crash
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Aug 3, 2020 – Aug 31, 2020 | Aug 31, 2020 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Aug 3, 2020 – Aug 28, 2020 | Aug 28, 2020 |
| 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:2020 daily prices (CSV)