Oil Prices in March 2022: WTI & Brent Daily Prices and Monthly Average
WTI jumped in March 2022: the monthly average rose to $108.50, up $16.86 (18.4%) from February 2022, the highest monthly average in nominal terms since April 2011. The average was 74% above the $62.33 of March 2021.
Daily spot prices, March 2022
Chart data table (23 rows)
| Period | WTI | Brent |
|---|---|---|
| Mar 31, 2022 | $100.53 | $107.29 |
| Mar 30, 2022 | $107.81 | $115.59 |
| Mar 29, 2022 | $104.25 | $112.79 |
| Mar 28, 2022 | $107.55 | $114.50 |
| Mar 25, 2022 | $116.20 | $122.67 |
| Mar 24, 2022 | $114.20 | $123.98 |
| Mar 23, 2022 | $114.89 | $127.52 |
| Mar 22, 2022 | $111.03 | $121.53 |
| Mar 21, 2022 | $112.14 | $122.29 |
| Mar 18, 2022 | $104.69 | $114.32 |
| Mar 17, 2022 | $102.97 | $113.50 |
| Mar 16, 2022 | $94.85 | $104.61 |
| Mar 15, 2022 | $96.42 | $105.14 |
| Mar 14, 2022 | $103.22 | $110.39 |
| Mar 11, 2022 | $109.31 | $118.11 |
| Mar 10, 2022 | $105.93 | $114.54 |
| Mar 9, 2022 | $108.81 | $116.58 |
| Mar 8, 2022 | $123.64 | $133.18 |
| Mar 7, 2022 | $119.26 | $129.02 |
| Mar 4, 2022 | $115.77 | $123.86 |
| Mar 3, 2022 | $107.69 | $115.36 |
| Mar 2, 2022 | $110.74 | $118.94 |
| Mar 1, 2022 | $103.66 | $110.93 |
Prices peaked at $123.64 on Mar 8, 2022, then fell to $94.85 on Mar 16, 2022 and ended at $100.53. The largest one-day move was −$14.83 on Mar 9, 2022 (−12.0%).
Brent averaged $117.25; its premium over WTI on matched dates averaged $8.74, with the daily Brent − WTI difference ranging from +$6.47 to +$12.63.
Adjusted with CPI-U, the March 2022 average equals $127.16 in September 2026 dollars.
March 2022 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $108.50 | $117.25 |
| Change vs February 2022 | +$16.86 | +$20.12 |
| Change vs March 2021 | +$46.17 | +$51.84 |
| Highest daily price | $123.64 Mar 8, 2022 | $133.18 Mar 8, 2022 |
| Lowest daily price | $94.85 Mar 16, 2022 | $104.61 Mar 16, 2022 |
| Published daily observations | 23 | 23 |
| Average in September 2026 dollars (CPI-U) | $127.16 | $137.41 |
Monthly averages are EIA's published figures. Real figures use CPI-U for March 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 | Mar 1, 2022 – Mar 31, 2022 | Mar 31, 2022 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Mar 1, 2022 – Mar 31, 2022 | Mar 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)