Oil Prices in January 2020: WTI & Brent Daily Prices and Monthly Average
WTI averaged $57.52 per barrel in January 2020, down $2.36 (3.9%) from December 2019. A year earlier, in January 2019, it averaged $51.38, so the price was higher by $6.14 (12.0%) year over year.
Daily spot prices, January 2020
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| Jan 31, 2020 | $51.58 | $57.77 |
| Jan 30, 2020 | $52.19 | $57.72 |
| Jan 29, 2020 | $53.29 | $59.46 |
| Jan 28, 2020 | $53.33 | $59.37 |
| Jan 27, 2020 | $53.09 | $58.54 |
| Jan 24, 2020 | $54.09 | $59.34 |
| Jan 23, 2020 | $55.51 | $61.26 |
| Jan 22, 2020 | $56.76 | $62.11 |
| Jan 21, 2020 | $58.25 | $63.66 |
| Jan 20, 2020 | — | $64.63 |
| Jan 17, 2020 | $58.55 | $64.05 |
| Jan 16, 2020 | $58.52 | $64.63 |
| Jan 15, 2020 | $57.86 | $63.29 |
| Jan 14, 2020 | $58.34 | $64.45 |
| Jan 13, 2020 | $58.17 | $64.14 |
| Jan 10, 2020 | $59.02 | $66.77 |
| Jan 9, 2020 | $59.56 | $66.58 |
| Jan 8, 2020 | $59.65 | $67.31 |
| Jan 7, 2020 | $62.70 | $68.74 |
| Jan 6, 2020 | $63.27 | $70.25 |
| Jan 3, 2020 | $63.00 | $69.08 |
| Jan 2, 2020 | $61.17 | $67.05 |
Prices fell over the month, from $61.17 on Jan 2, 2020 to $51.58 on Jan 31, 2020, with declines on 14 of 21 trading days. The largest one-day move was −$3.05 on Jan 8, 2020 (−4.9%).
Brent averaged $63.65; its premium over WTI on matched dates averaged $6.08, with the daily Brent − WTI difference ranging from +$5.25 to +$7.75.
It was the highest monthly average of 2020. Adjusted with CPI-U, the January 2020 average equals $75.13 in September 2026 dollars.
January 2020 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $57.52 | $63.65 |
| Change vs December 2019 | −$2.36 | −$3.66 |
| Change vs January 2019 | +$6.14 | +$4.24 |
| Highest daily price | $63.27 Jan 6, 2020 | $70.25 Jan 6, 2020 |
| Lowest daily price | $51.58 Jan 31, 2020 | $57.72 Jan 30, 2020 |
| Published daily observations | 21 | 22 |
| Average in September 2026 dollars (CPI-U) | $75.13 | $83.13 |
Monthly averages are EIA's published figures. Real figures use CPI-U for January 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 | Jan 2, 2020 – Jan 31, 2020 | Jan 31, 2020 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jan 2, 2020 – Jan 31, 2020 | Jan 31, 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)