Oil Prices in July 2022: WTI & Brent Daily Prices and Monthly Average
WTI dropped in July 2022: the monthly average fell to $101.62, down $13.22 (11.5%) from June 2022. The average was 40% above the $72.49 of July 2021.
Daily spot prices, July 2022
Chart data table (21 rows)
| Period | WTI | Brent |
|---|---|---|
| Jul 29, 2022 | $101.31 | $111.51 |
| Jul 28, 2022 | $99.11 | $109.68 |
| Jul 27, 2022 | $100.03 | $109.64 |
| Jul 26, 2022 | $97.74 | $107.32 |
| Jul 25, 2022 | $99.83 | $108.23 |
| Jul 22, 2022 | $97.71 | $106.77 |
| Jul 21, 2022 | $98.44 | $112.81 |
| Jul 20, 2022 | $104.45 | $115.86 |
| Jul 19, 2022 | $106.12 | $114.96 |
| Jul 18, 2022 | $104.48 | $117.27 |
| Jul 15, 2022 | $99.59 | $112.26 |
| Jul 14, 2022 | $97.79 | $107.74 |
| Jul 13, 2022 | $98.44 | $107.17 |
| Jul 12, 2022 | $97.69 | $106.98 |
| Jul 11, 2022 | $106.09 | $114.85 |
| Jul 8, 2022 | $106.78 | $113.95 |
| Jul 7, 2022 | $104.62 | $113.40 |
| Jul 6, 2022 | $100.31 | $108.54 |
| Jul 5, 2022 | $101.55 | $110.49 |
| Jul 4, 2022 | — | $121.80 |
| Jul 1, 2022 | $110.30 | $119.21 |
Prices fell over the month, from $110.30 on Jul 1, 2022 to $101.31 on Jul 29, 2022. The largest one-day move was −$8.75 on Jul 5, 2022 (−7.9%).
Brent averaged $111.93; its premium over WTI on matched dates averaged $9.81, with the daily Brent − WTI difference ranging from +$7.17 to +$14.37.
Adjusted with CPI-U, the July 2022 average equals $115.57 in September 2026 dollars.
July 2022 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $101.62 | $111.93 |
| Change vs June 2022 | −$13.22 | −$10.78 |
| Change vs July 2021 | +$29.13 | +$36.76 |
| Highest daily price | $110.30 Jul 1, 2022 | $121.80 Jul 4, 2022 |
| Lowest daily price | $97.69 Jul 12, 2022 | $106.77 Jul 22, 2022 |
| Published daily observations | 20 | 21 |
| Average in September 2026 dollars (CPI-U) | $115.57 | $127.29 |
Monthly averages are EIA's published figures. Real figures use CPI-U for July 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 | Jul 1, 2022 – Jul 29, 2022 | Jul 29, 2022 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jul 1, 2022 – Jul 29, 2022 | Jul 29, 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)