Oil Prices in January 2022: WTI & Brent Daily Prices and Monthly Average
WTI jumped in January 2022: the monthly average rose to $83.22, up $11.51 (16.1%) from December 2021, the highest monthly average in nominal terms since October 2014. The average was 60% above the $52.00 of January 2021.
Daily spot prices, January 2022
Chart data table (21 rows)
| Period | WTI | Brent |
|---|---|---|
| Jan 31, 2022 | $89.16 | $92.35 |
| Jan 28, 2022 | $87.67 | $91.47 |
| Jan 27, 2022 | $87.61 | $90.70 |
| Jan 26, 2022 | $88.33 | $91.22 |
| Jan 25, 2022 | $86.61 | $89.49 |
| Jan 24, 2022 | $84.48 | $87.74 |
| Jan 21, 2022 | $85.16 | $89.75 |
| Jan 20, 2022 | $86.29 | $89.75 |
| Jan 19, 2022 | $86.84 | $89.64 |
| Jan 18, 2022 | $85.42 | $88.83 |
| Jan 17, 2022 | — | $87.82 |
| Jan 14, 2022 | $83.82 | $87.17 |
| Jan 13, 2022 | $81.97 | $85.80 |
| Jan 12, 2022 | $82.51 | $85.83 |
| Jan 11, 2022 | $81.17 | $84.98 |
| Jan 10, 2022 | $78.11 | $81.56 |
| Jan 7, 2022 | $79.00 | $82.28 |
| Jan 6, 2022 | $79.47 | $81.99 |
| Jan 5, 2022 | $77.83 | $80.60 |
| Jan 4, 2022 | $77.00 | $79.39 |
| Jan 3, 2022 | $75.99 | $78.25 |
Prices rose over the month, from $75.99 on Jan 3, 2022 to $89.16 on Jan 31, 2022, with gains on 13 of 20 trading days. The largest one-day move was +$3.06 on Jan 11, 2022 (+3.9%).
Brent averaged $86.51; its premium over WTI on matched dates averaged $3.22, with the daily Brent − WTI difference ranging from +$2.26 to +$4.59.
It was the second-lowest monthly average of 2022. Adjusted with CPI-U, the January 2022 average equals $99.73 in September 2026 dollars.
January 2022 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $83.22 | $86.51 |
| Change vs December 2021 | +$11.51 | +$12.34 |
| Change vs January 2021 | +$31.22 | +$31.74 |
| Highest daily price | $89.16 Jan 31, 2022 | $92.35 Jan 31, 2022 |
| Lowest daily price | $75.99 Jan 3, 2022 | $78.25 Jan 3, 2022 |
| Published daily observations | 20 | 21 |
| Average in September 2026 dollars (CPI-U) | $99.73 | $103.68 |
Monthly averages are EIA's published figures. Real figures use CPI-U for January 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 | Jan 3, 2022 – Jan 31, 2022 | Jan 31, 2022 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jan 3, 2022 – Jan 31, 2022 | Jan 31, 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)