Oil Prices in October 2020: WTI & Brent Daily Prices and Monthly Average
WTI averaged $39.40 per barrel in October 2020, little changed from September 2020 ($39.63). The average was 27% below the $53.96 of October 2019.
Daily spot prices, October 2020
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| Oct 30, 2020 | $35.64 | $36.33 |
| Oct 29, 2020 | $35.94 | $36.56 |
| Oct 28, 2020 | $37.27 | $37.86 |
| Oct 27, 2020 | $39.34 | $39.72 |
| Oct 26, 2020 | $38.39 | $39.06 |
| Oct 23, 2020 | $39.73 | $40.71 |
| Oct 22, 2020 | $40.46 | $41.28 |
| Oct 21, 2020 | $39.88 | $40.09 |
| Oct 20, 2020 | $41.37 | $41.62 |
| Oct 19, 2020 | $40.69 | $41.29 |
| Oct 16, 2020 | $40.70 | $41.34 |
| Oct 15, 2020 | $40.84 | $41.61 |
| Oct 14, 2020 | $40.86 | $41.81 |
| Oct 13, 2020 | $40.03 | $41.34 |
| Oct 12, 2020 | $39.22 | $40.50 |
| Oct 9, 2020 | $40.44 | $41.63 |
| Oct 8, 2020 | $41.04 | $42.00 |
| Oct 7, 2020 | $39.82 | $40.62 |
| Oct 6, 2020 | $40.52 | $41.27 |
| Oct 5, 2020 | $39.12 | $39.78 |
| Oct 2, 2020 | $36.90 | $38.00 |
| Oct 1, 2020 | $38.51 | $39.75 |
Prices fell over the month, from $38.51 on Oct 1, 2020 to $35.64 on Oct 30, 2020, with declines on 14 of 22 trading days. The largest one-day move was +$2.22 on Oct 5, 2020 (+6.0%).
Brent averaged $40.19, within a dollar of WTI on average across the 22 dates when both were published.
Adjusted with CPI-U, the October 2020 average equals $50.98 in September 2026 dollars.
October 2020 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $39.40 | $40.19 |
| Change vs September 2020 | −$0.23 | −$0.72 |
| Change vs October 2019 | −$14.56 | −$19.52 |
| Highest daily price | $41.37 Oct 20, 2020 | $42.00 Oct 8, 2020 |
| Lowest daily price | $35.64 Oct 30, 2020 | $36.33 Oct 30, 2020 |
| Published daily observations | 22 | 22 |
| Average in September 2026 dollars (CPI-U) | $50.98 | $52.01 |
Monthly averages are EIA's published figures. Real figures use CPI-U for October 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 | Oct 1, 2020 – Oct 30, 2020 | Oct 30, 2020 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Oct 1, 2020 – Oct 30, 2020 | Oct 30, 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)