Oil Prices in December 2022: WTI & Brent Daily Prices and Monthly Average
WTI averaged $76.44 per barrel in December 2022, down $7.93 (9.4%) from November 2022. A year earlier, in December 2021, it averaged $71.71, so the price was higher by $4.73 (6.6%) year over year.
Daily spot prices, December 2022
Chart data table (20 rows)
| Period | WTI | Brent |
|---|---|---|
| Dec 30, 2022 | $80.16 | $82.82 |
| Dec 29, 2022 | $78.43 | $80.96 |
| Dec 28, 2022 | $78.89 | $81.70 |
| Dec 27, 2022 | $79.45 | — |
| Dec 23, 2022 | $79.57 | $82.45 |
| Dec 22, 2022 | $77.68 | $79.58 |
| Dec 21, 2022 | $78.17 | $80.25 |
| Dec 20, 2022 | $75.92 | $79.45 |
| Dec 19, 2022 | $75.05 | $81.66 |
| Dec 16, 2022 | $74.19 | $80.20 |
| Dec 15, 2022 | $75.89 | $82.34 |
| Dec 14, 2022 | $77.14 | $83.33 |
| Dec 12, 2022 | $72.96 | $78.00 |
| Dec 9, 2022 | $71.05 | $76.37 |
| Dec 8, 2022 | $71.30 | $76.02 |
| Dec 7, 2022 | $71.93 | $77.11 |
| Dec 6, 2022 | $74.21 | $79.92 |
| Dec 5, 2022 | $76.83 | $83.36 |
| Dec 2, 2022 | $79.86 | $86.54 |
| Dec 1, 2022 | $81.06 | $86.28 |
The month's range ran from $71.05 on Dec 9, 2022 to $81.06 on Dec 1, 2022; the last price was $80.16 on Dec 30, 2022. The largest one-day move was +$4.18 on Dec 14, 2022 (+5.7%).
Brent averaged $80.92; its premium over WTI on matched dates averaged $4.63, with the daily Brent − WTI difference ranging from +$1.90 to +$6.68.
It was the lowest monthly average of 2022. Adjusted with CPI-U, the December 2022 average equals $86.78 in September 2026 dollars.
December 2022 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $76.44 | $80.92 |
| Change vs November 2022 | −$7.93 | −$10.50 |
| Change vs December 2021 | +$4.73 | +$6.75 |
| Highest daily price | $81.06 Dec 1, 2022 | $86.54 Dec 2, 2022 |
| Lowest daily price | $71.05 Dec 9, 2022 | $76.02 Dec 8, 2022 |
| Published daily observations | 20 | 19 |
| Average in September 2026 dollars (CPI-U) | $86.78 | $91.86 |
Monthly averages are EIA's published figures. Real figures use CPI-U for December 2022.
Part of the price episode: 2022 price spike
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Dec 1, 2022 – Dec 30, 2022 | Dec 30, 2022 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Dec 1, 2022 – Dec 30, 2022 | Dec 30, 2022 |
| 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:2022 daily prices (CSV)