Oil Prices in 2022: WTI & Brent History and Monthly Averages
WTI average
$94.90
EIA annual average
WTI vs prior year
+39.3%
2021: $68.13
Brent average
$100.93
EIA annual average
Brent vs prior year
+42.4%
2021: $70.86
WTI averaged $94.90 per barrel in 2022, up $26.77 (39.3%) from 2021; that was the highest annual average since 2013.
Monthly average prices in 2022
| Month | WTI avg | WTI high | WTI low | Brent avg | Brent − WTI (matched dates) | WTI (September 2026 $) | Brent (September 2026 $) |
|---|---|---|---|---|---|---|---|
| January | $83.22 | $89.16 | $75.99 | $86.51 | +$3.22 | $99.73 | $103.68 |
| February | $91.64 | $96.13 | $88.16 | $97.13 | +$5.39 | $108.83 | $115.35 |
| March | $108.50 | $123.64 | $94.85 | $117.25 | +$8.74 | $127.16 | $137.41 |
| April | $101.78 | $108.24 | $94.22 | $104.58 | +$3.14 | $118.62 | $121.88 |
| May | $109.55 | $116.19 | $99.74 | $113.34 | +$3.08 | $126.28 | $130.65 |
| June | $114.84 | $121.94 | $105.75 | $122.71 | +$8.20 | $130.59 | $139.54 |
| July | $101.62 | $110.30 | $97.69 | $111.93 | +$9.81 | $115.57 | $127.29 |
| August | $93.67 | $97.40 | $89.23 | $100.45 | +$6.95 | $106.56 | $114.28 |
| September | $84.26 | $88.88 | $77.17 | $89.76 | +$5.38 | $95.65 | $101.90 |
| October | $87.55 | $93.07 | $83.29 | $93.33 | +$5.82 | $98.99 | $105.52 |
| November | $84.37 | $92.58 | $76.45 | $91.42 | +$7.32 | $95.49 | $103.47 |
| December | $76.44 | $81.06 | $71.05 | $80.92 | +$4.63 | $86.78 | $91.86 |
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.
From $75.99 on Jan 3, 2022, WTI climbed to $123.64 by Mar 8, 2022, a 63% gain. The largest one-day move was −$14.83 on Mar 9, 2022 (−12.0%), the 5th largest daily dollar move in the record. The price moved by 5% or more in a single day 26 times. The steepest fall within the year ran from $123.64 on Mar 8, 2022 to $71.05 on Dec 9, 2022, a 43% drop.
Brent carried a wide premium over WTI in 2022, averaging $6.04 more on 243 matched dates, with the widest daily gap $14.37 on Jul 21, 2022. Brent averaged $100.93, up $30.07 (42.4%) from 2021.
Monthly averages peaked early, at $114.84 in June, and bottomed at $76.44 in December. In September 2026 dollars (CPI-U), the 2022 average is $109.26, higher than 2025's real average by $40.82 (59.7%). The 2020s as a whole averaged $72.25, so 2022 ran above its decade. Of 40 complete years with an EIA annual average, 2022 ranks 3rd highest.
2022 summary statistics
| Measure | WTI | Brent | Brent − WTI |
|---|---|---|---|
| Average | $94.90 | $100.93 | +$6.04 |
| Change vs 2021 average | +$26.77 | +$30.07 | +$3.32 |
| Highest daily price | $123.64 Mar 8, 2022 | $133.18 Mar 8, 2022 | — |
| Lowest daily price | $71.05 Dec 9, 2022 | $76.02 Dec 8, 2022 | — |
| Highest daily spread | — | — | +$14.37 Jul 21, 2022 |
| Lowest daily spread | — | — | −$0.33 Apr 25, 2022 |
| First observation | $75.99 Jan 3, 2022 | $78.25 Jan 3, 2022 | — |
| Last observation | $80.16 Dec 30, 2022 | $82.82 Dec 30, 2022 | — |
| Published daily observations | 249 | 250 | 243 matched |
| Average in September 2026 dollars | $109.26 | $116.20 | — |
Daily spot prices in 2022
Show all 256 dates (Jan 3, 2022 – Dec 30, 2022)
| Date | WTI | Brent | Brent − WTI |
|---|---|---|---|
| Jan 3, 2022 | $75.99 | $78.25 | +$2.26 |
| Jan 4, 2022 | $77.00 | $79.39 | +$2.39 |
| Jan 5, 2022 | $77.83 | $80.60 | +$2.77 |
| Jan 6, 2022 | $79.47 | $81.99 | +$2.52 |
| Jan 7, 2022 | $79.00 | $82.28 | +$3.28 |
| Jan 10, 2022 | $78.11 | $81.56 | +$3.45 |
| Jan 11, 2022 | $81.17 | $84.98 | +$3.81 |
| Jan 12, 2022 | $82.51 | $85.83 | +$3.32 |
| Jan 13, 2022 | $81.97 | $85.80 | +$3.83 |
| Jan 14, 2022 | $83.82 | $87.17 | +$3.35 |
| Jan 17, 2022 | — | $87.82 | — |
| Jan 18, 2022 | $85.42 | $88.83 | +$3.41 |
| Jan 19, 2022 | $86.84 | $89.64 | +$2.80 |
| Jan 20, 2022 | $86.29 | $89.75 | +$3.46 |
| Jan 21, 2022 | $85.16 | $89.75 | +$4.59 |
| Jan 24, 2022 | $84.48 | $87.74 | +$3.26 |
| Jan 25, 2022 | $86.61 | $89.49 | +$2.88 |
| Jan 26, 2022 | $88.33 | $91.22 | +$2.89 |
| Jan 27, 2022 | $87.61 | $90.70 | +$3.09 |
| Jan 28, 2022 | $87.67 | $91.47 | +$3.80 |
| Jan 31, 2022 | $89.16 | $92.35 | +$3.19 |
| Feb 1, 2022 | $88.22 | $90.24 | +$2.02 |
| Feb 2, 2022 | $88.16 | $91.43 | +$3.27 |
| Feb 3, 2022 | $90.17 | $92.99 | +$2.82 |
| Feb 4, 2022 | $92.27 | $96.86 | +$4.59 |
| Feb 7, 2022 | $91.25 | $97.28 | +$6.03 |
| Feb 8, 2022 | $89.32 | $96.07 | +$6.75 |
| Feb 9, 2022 | $89.57 | $94.95 | +$5.38 |
| Feb 10, 2022 | $89.83 | $96.37 | +$6.54 |
| Feb 11, 2022 | $93.10 | $97.50 | +$4.40 |
| Feb 14, 2022 | $95.52 | $101.66 | +$6.14 |
| Feb 15, 2022 | $92.07 | $98.43 | +$6.36 |
| Feb 16, 2022 | $93.83 | $97.44 | +$3.61 |
| Feb 17, 2022 | $91.78 | $95.28 | +$3.50 |
| Feb 18, 2022 | $91.26 | $96.18 | +$4.92 |
| Feb 21, 2022 | — | $98.95 | — |
| Feb 22, 2022 | $92.11 | $98.73 | +$6.62 |
| Feb 23, 2022 | $92.14 | $99.29 | +$7.15 |
| Feb 24, 2022 | $92.77 | $101.29 | +$8.52 |
| Feb 25, 2022 | $91.68 | $98.56 | +$6.88 |
| Feb 28, 2022 | $96.13 | $103.08 | +$6.95 |
| Mar 1, 2022 | $103.66 | $110.93 | +$7.27 |
| Mar 2, 2022 | $110.74 | $118.94 | +$8.20 |
| Mar 3, 2022 | $107.69 | $115.36 | +$7.67 |
| Mar 4, 2022 | $115.77 | $123.86 | +$8.09 |
| Mar 7, 2022 | $119.26 | $129.02 | +$9.76 |
| Mar 8, 2022 | $123.64 | $133.18 | +$9.54 |
| Mar 9, 2022 | $108.81 | $116.58 | +$7.77 |
| Mar 10, 2022 | $105.93 | $114.54 | +$8.61 |
| Mar 11, 2022 | $109.31 | $118.11 | +$8.80 |
| Mar 14, 2022 | $103.22 | $110.39 | +$7.17 |
| Mar 15, 2022 | $96.42 | $105.14 | +$8.72 |
| Mar 16, 2022 | $94.85 | $104.61 | +$9.76 |
| Mar 17, 2022 | $102.97 | $113.50 | +$10.53 |
| Mar 18, 2022 | $104.69 | $114.32 | +$9.63 |
| Mar 21, 2022 | $112.14 | $122.29 | +$10.15 |
| Mar 22, 2022 | $111.03 | $121.53 | +$10.50 |
| Mar 23, 2022 | $114.89 | $127.52 | +$12.63 |
| Mar 24, 2022 | $114.20 | $123.98 | +$9.78 |
| Mar 25, 2022 | $116.20 | $122.67 | +$6.47 |
| Mar 28, 2022 | $107.55 | $114.50 | +$6.95 |
| Mar 29, 2022 | $104.25 | $112.79 | +$8.54 |
| Mar 30, 2022 | $107.81 | $115.59 | +$7.78 |
| Mar 31, 2022 | $100.53 | $107.29 | +$6.76 |
| Apr 1, 2022 | $99.32 | $106.13 | +$6.81 |
| Apr 4, 2022 | $103.29 | $108.15 | +$4.86 |
| Apr 5, 2022 | $101.98 | $106.60 | +$4.62 |
| Apr 6, 2022 | $96.39 | $100.81 | +$4.42 |
| Apr 7, 2022 | $96.05 | $99.83 | +$3.78 |
| Apr 8, 2022 | $98.35 | $101.26 | +$2.91 |
| Apr 11, 2022 | $94.22 | $97.92 | +$3.70 |
| Apr 12, 2022 | $100.52 | $104.42 | +$3.90 |
| Apr 13, 2022 | $104.26 | $108.49 | +$4.23 |
| Apr 14, 2022 | $106.84 | $110.83 | +$3.99 |
| Apr 18, 2022 | $108.24 | — | — |
| Apr 19, 2022 | $102.54 | $105.49 | +$2.95 |
| Apr 20, 2022 | $102.56 | $105.05 | +$2.49 |
| Apr 21, 2022 | $103.89 | $107.20 | +$3.31 |
| Apr 22, 2022 | $102.86 | $105.15 | +$2.29 |
| Apr 25, 2022 | $99.60 | $99.27 | −$0.33 |
| Apr 26, 2022 | $102.62 | $102.89 | +$0.27 |
| Apr 27, 2022 | $101.96 | $103.30 | +$1.34 |
| Apr 28, 2022 | $105.47 | $105.78 | +$0.31 |
| Apr 29, 2022 | $104.59 | $108.36 | +$3.77 |
| May 2, 2022 | $105.18 | — | — |
| May 3, 2022 | $102.53 | $104.94 | +$2.41 |
| May 4, 2022 | $107.84 | $110.53 | +$2.69 |
| May 5, 2022 | $108.17 | $112.11 | +$3.94 |
| May 6, 2022 | $109.72 | $113.86 | +$4.14 |
| May 9, 2022 | $103.08 | $106.67 | +$3.59 |
| May 10, 2022 | $99.74 | $102.61 | +$2.87 |
| May 11, 2022 | $105.50 | $107.70 | +$2.20 |
| May 12, 2022 | $106.15 | $108.06 | +$1.91 |
| May 13, 2022 | $110.52 | $112.12 | +$1.60 |
| May 16, 2022 | $114.07 | $114.86 | +$0.79 |
| May 17, 2022 | $112.31 | $112.89 | +$0.58 |
| May 18, 2022 | $109.67 | $110.04 | +$0.37 |
| May 19, 2022 | $112.21 | $113.22 | +$1.01 |
| May 20, 2022 | $112.63 | $113.63 | +$1.00 |
| May 23, 2022 | $110.32 | $115.13 | +$4.81 |
| May 24, 2022 | $112.55 | $115.77 | +$3.22 |
| May 25, 2022 | $112.88 | $116.41 | +$3.53 |
| May 26, 2022 | $116.19 | $119.81 | +$3.62 |
| May 27, 2022 | $114.96 | $121.19 | +$6.23 |
| May 30, 2022 | — | $123.01 | — |
| May 31, 2022 | $114.38 | $125.53 | +$11.15 |
| Jun 1, 2022 | $115.26 | $122.20 | +$6.94 |
| Jun 2, 2022 | $116.88 | — | — |
| Jun 3, 2022 | $118.97 | $125.68 | +$6.71 |
| Jun 6, 2022 | $118.41 | $124.99 | +$6.58 |
| Jun 7, 2022 | $119.55 | $126.89 | +$7.34 |
| Jun 8, 2022 | $121.94 | $129.20 | +$7.26 |
| Jun 9, 2022 | $121.52 | $128.47 | +$6.95 |
| Jun 10, 2022 | $120.73 | $127.44 | +$6.71 |
| Jun 13, 2022 | $120.92 | $128.44 | +$7.52 |
| Jun 14, 2022 | $118.92 | $127.02 | +$8.10 |
| Jun 15, 2022 | $115.32 | $124.96 | +$9.64 |
| Jun 16, 2022 | $117.56 | $125.78 | +$8.22 |
| Jun 17, 2022 | $109.56 | $119.22 | +$9.66 |
| Jun 20, 2022 | — | $118.25 | — |
| Jun 21, 2022 | $110.49 | $118.51 | +$8.02 |
| Jun 22, 2022 | $106.22 | $115.54 | +$9.32 |
| Jun 23, 2022 | $105.75 | $114.50 | +$8.75 |
| Jun 24, 2022 | $109.07 | $117.36 | +$8.29 |
| Jun 27, 2022 | $111.44 | $119.69 | +$8.25 |
| Jun 28, 2022 | $113.66 | $122.21 | +$8.55 |
| Jun 29, 2022 | $111.65 | $120.80 | +$9.15 |
| Jun 30, 2022 | $107.76 | $119.78 | +$12.02 |
| Jul 1, 2022 | $110.30 | $119.21 | +$8.91 |
| Jul 4, 2022 | — | $121.80 | — |
| Jul 5, 2022 | $101.55 | $110.49 | +$8.94 |
| Jul 6, 2022 | $100.31 | $108.54 | +$8.23 |
| Jul 7, 2022 | $104.62 | $113.40 | +$8.78 |
| Jul 8, 2022 | $106.78 | $113.95 | +$7.17 |
| Jul 11, 2022 | $106.09 | $114.85 | +$8.76 |
| Jul 12, 2022 | $97.69 | $106.98 | +$9.29 |
| Jul 13, 2022 | $98.44 | $107.17 | +$8.73 |
| Jul 14, 2022 | $97.79 | $107.74 | +$9.95 |
| Jul 15, 2022 | $99.59 | $112.26 | +$12.67 |
| Jul 18, 2022 | $104.48 | $117.27 | +$12.79 |
| Jul 19, 2022 | $106.12 | $114.96 | +$8.84 |
| Jul 20, 2022 | $104.45 | $115.86 | +$11.41 |
| Jul 21, 2022 | $98.44 | $112.81 | +$14.37 |
| Jul 22, 2022 | $97.71 | $106.77 | +$9.06 |
| Jul 25, 2022 | $99.83 | $108.23 | +$8.40 |
| Jul 26, 2022 | $97.74 | $107.32 | +$9.58 |
| Jul 27, 2022 | $100.03 | $109.64 | +$9.61 |
| Jul 28, 2022 | $99.11 | $109.68 | +$10.57 |
| Jul 29, 2022 | $101.31 | $111.51 | +$10.20 |
| Aug 1, 2022 | $96.59 | $106.09 | +$9.50 |
| Aug 2, 2022 | $97.14 | $106.51 | +$9.37 |
| Aug 3, 2022 | $93.25 | $101.82 | +$8.57 |
| Aug 4, 2022 | $91.29 | $97.99 | +$6.70 |
| Aug 5, 2022 | $91.77 | $100.31 | +$8.54 |
| Aug 8, 2022 | $93.52 | $103.46 | +$9.94 |
| Aug 9, 2022 | $93.18 | $103.81 | +$10.63 |
| Aug 10, 2022 | $94.68 | $105.06 | +$10.38 |
| Aug 11, 2022 | $97.02 | $107.19 | +$10.17 |
| Aug 12, 2022 | $94.86 | $103.70 | +$8.84 |
| Aug 15, 2022 | $92.24 | $98.25 | +$6.01 |
| Aug 16, 2022 | $89.23 | $95.36 | +$6.13 |
| Aug 17, 2022 | $90.85 | $97.22 | +$6.37 |
| Aug 18, 2022 | $93.20 | $96.35 | +$3.15 |
| Aug 19, 2022 | $93.55 | $96.45 | +$2.90 |
| Aug 22, 2022 | $93.42 | $95.06 | +$1.64 |
| Aug 23, 2022 | $96.46 | $99.49 | +$3.03 |
| Aug 24, 2022 | $95.52 | $99.87 | +$4.35 |
| Aug 25, 2022 | $93.33 | $98.81 | +$5.48 |
| Aug 26, 2022 | $93.63 | $101.13 | +$7.50 |
| Aug 29, 2022 | $97.40 | — | — |
| Aug 30, 2022 | $92.08 | $99.34 | +$7.26 |
| Aug 31, 2022 | $90.09 | $96.55 | +$6.46 |
| Sep 1, 2022 | $87.09 | $92.24 | +$5.15 |
| Sep 2, 2022 | $87.29 | $93.09 | +$5.80 |
| Sep 5, 2022 | — | $94.22 | — |
| Sep 6, 2022 | $87.35 | $91.43 | +$4.08 |
| Sep 7, 2022 | $82.50 | $86.83 | +$4.33 |
| Sep 8, 2022 | $84.04 | $87.99 | +$3.95 |
| Sep 9, 2022 | $87.27 | $91.68 | +$4.41 |
| Sep 12, 2022 | $88.18 | $93.45 | +$5.27 |
| Sep 13, 2022 | $87.84 | $92.04 | +$4.20 |
| Sep 14, 2022 | $88.88 | $92.83 | +$3.95 |
| Sep 15, 2022 | $85.72 | $89.28 | +$3.56 |
| Sep 16, 2022 | $85.57 | $89.43 | +$3.86 |
| Sep 19, 2022 | $86.15 | — | — |
| Sep 20, 2022 | $84.69 | $89.62 | +$4.93 |
| Sep 21, 2022 | $83.38 | $89.86 | +$6.48 |
| Sep 22, 2022 | $84.02 | $90.40 | +$6.38 |
| Sep 23, 2022 | $79.07 | $84.29 | +$5.22 |
| Sep 26, 2022 | $77.17 | $82.55 | +$5.38 |
| Sep 27, 2022 | $78.91 | $85.97 | +$7.06 |
| Sep 28, 2022 | $82.61 | $89.55 | +$6.94 |
| Sep 29, 2022 | $81.78 | $89.41 | +$7.63 |
| Sep 30, 2022 | $79.91 | $88.90 | +$8.99 |
| Oct 3, 2022 | $84.05 | $90.68 | +$6.63 |
| Oct 4, 2022 | $86.87 | $93.74 | +$6.87 |
| Oct 5, 2022 | $88.22 | $94.35 | +$6.13 |
| Oct 6, 2022 | $88.90 | $95.65 | +$6.75 |
| Oct 7, 2022 | $93.07 | $98.88 | +$5.81 |
| Oct 10, 2022 | $91.60 | $97.13 | +$5.53 |
| Oct 11, 2022 | $89.75 | $95.17 | +$5.42 |
| Oct 12, 2022 | $87.83 | $93.44 | +$5.61 |
| Oct 13, 2022 | $89.59 | $95.16 | +$5.57 |
| Oct 14, 2022 | $86.10 | $92.22 | +$6.12 |
| Oct 17, 2022 | $86.00 | $91.04 | +$5.04 |
| Oct 18, 2022 | $83.29 | $89.46 | +$6.17 |
| Oct 19, 2022 | $86.00 | $91.34 | +$5.34 |
| Oct 20, 2022 | $86.02 | $91.52 | +$5.50 |
| Oct 21, 2022 | $85.47 | $91.82 | +$6.35 |
| Oct 24, 2022 | $86.12 | $91.57 | +$5.45 |
| Oct 26, 2022 | $89.39 | $92.93 | +$3.54 |
| Oct 27, 2022 | $89.06 | $94.17 | +$5.11 |
| Oct 28, 2022 | $87.85 | $94.64 | +$6.79 |
| Oct 31, 2022 | $86.54 | $93.30 | +$6.76 |
| Nov 1, 2022 | $88.36 | $95.12 | +$6.76 |
| Nov 2, 2022 | $90.06 | $96.07 | +$6.01 |
| Nov 3, 2022 | $88.14 | $95.29 | +$7.15 |
| Nov 4, 2022 | $92.58 | $99.53 | +$6.95 |
| Nov 7, 2022 | $91.80 | $99.87 | +$8.07 |
| Nov 8, 2022 | $88.80 | $96.85 | +$8.05 |
| Nov 9, 2022 | $85.79 | $93.05 | +$7.26 |
| Nov 10, 2022 | $86.52 | $94.25 | +$7.73 |
| Nov 11, 2022 | $89.14 | $96.37 | +$7.23 |
| Nov 14, 2022 | $85.85 | $93.59 | +$7.74 |
| Nov 15, 2022 | $86.87 | $94.30 | +$7.43 |
| Nov 16, 2022 | $85.62 | $92.61 | +$6.99 |
| Nov 17, 2022 | $81.69 | $91.00 | +$9.31 |
| Nov 18, 2022 | $80.07 | $88.93 | +$8.86 |
| Nov 21, 2022 | $79.74 | $88.44 | +$8.70 |
| Nov 22, 2022 | $80.83 | $88.65 | +$7.82 |
| Nov 23, 2022 | $77.93 | $85.90 | +$7.97 |
| Nov 24, 2022 | — | $85.59 | — |
| Nov 25, 2022 | $76.45 | $83.40 | +$6.95 |
| Nov 28, 2022 | $77.10 | $83.50 | +$6.40 |
| Nov 29, 2022 | $77.96 | $83.22 | +$5.26 |
| Nov 30, 2022 | $80.48 | $85.61 | +$5.13 |
| Dec 1, 2022 | $81.06 | $86.28 | +$5.22 |
| Dec 2, 2022 | $79.86 | $86.54 | +$6.68 |
| Dec 5, 2022 | $76.83 | $83.36 | +$6.53 |
| Dec 6, 2022 | $74.21 | $79.92 | +$5.71 |
| Dec 7, 2022 | $71.93 | $77.11 | +$5.18 |
| Dec 8, 2022 | $71.30 | $76.02 | +$4.72 |
| Dec 9, 2022 | $71.05 | $76.37 | +$5.32 |
| Dec 12, 2022 | $72.96 | $78.00 | +$5.04 |
| Dec 14, 2022 | $77.14 | $83.33 | +$6.19 |
| Dec 15, 2022 | $75.89 | $82.34 | +$6.45 |
| Dec 16, 2022 | $74.19 | $80.20 | +$6.01 |
| Dec 19, 2022 | $75.05 | $81.66 | +$6.61 |
| Dec 20, 2022 | $75.92 | $79.45 | +$3.53 |
| Dec 21, 2022 | $78.17 | $80.25 | +$2.08 |
| Dec 22, 2022 | $77.68 | $79.58 | +$1.90 |
| Dec 23, 2022 | $79.57 | $82.45 | +$2.88 |
| Dec 27, 2022 | $79.45 | — | — |
| Dec 28, 2022 | $78.89 | $81.70 | +$2.81 |
| Dec 29, 2022 | $78.43 | $80.96 | +$2.53 |
| Dec 30, 2022 | $80.16 | $82.82 | +$2.66 |
“—” means EIA published no price for that benchmark on that date.
Price episode covering 2022: 2022 price spike
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB | $/bbl | Jan 3, 2022 – Dec 30, 2022 | Dec 30, 2022 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB | $/bbl | Jan 3, 2022 – Dec 30, 2022 | Dec 30, 2022 |
| 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:2022 daily prices (CSV)