Oil Prices in 2023: WTI & Brent History and Monthly Averages
WTI average
$77.58
EIA annual average
WTI vs prior year
−18.3%
2022: $94.90
Brent average
$82.49
EIA annual average
Brent vs prior year
−18.3%
2022: $100.93
WTI averaged $77.58 per barrel in 2023, down $17.32 (18.3%) from 2022; that was the lowest annual average since 2021.
Monthly average prices in 2023
| Month | WTI avg | WTI high | WTI low | Brent avg | Brent − WTI (matched dates) | WTI (September 2026 $) | Brent (September 2026 $) |
|---|---|---|---|---|---|---|---|
| January | $78.12 | $81.62 | $72.82 | $82.50 | +$4.37 | $87.98 | $92.92 |
| February | $76.83 | $80.14 | $73.40 | $82.59 | +$5.74 | $86.05 | $92.50 |
| March | $73.28 | $80.39 | $66.61 | $78.43 | +$5.14 | $81.80 | $87.55 |
| April | $79.45 | $83.26 | $74.33 | $84.64 | +$5.21 | $88.24 | $94.01 |
| May | $71.58 | $75.65 | $68.11 | $75.47 | +$4.17 | $79.30 | $83.61 |
| June | $70.25 | $72.55 | $67.08 | $74.84 | +$4.53 | $77.58 | $82.65 |
| July | $76.07 | $81.80 | $69.71 | $80.11 | +$4.23 | $83.85 | $88.30 |
| August | $81.39 | $84.35 | $78.91 | $86.15 | +$4.73 | $89.32 | $94.54 |
| September | $89.43 | $93.67 | $85.52 | $93.72 | +$4.46 | $97.90 | $102.60 |
| October | $85.64 | $89.35 | $81.64 | $90.60 | +$4.92 | $93.79 | $99.22 |
| November | $77.69 | $83.04 | $73.50 | $82.94 | +$5.32 | $85.25 | $91.01 |
| December | $71.90 | $75.84 | $68.27 | $77.63 | +$5.94 | $78.98 | $85.27 |
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 $66.61 on Mar 17, 2023, WTI climbed to $93.67 by Sep 27, 2023, a 41% gain. The steepest fall within the year ran from $93.67 on Sep 27, 2023 to $68.27 on Dec 12, 2023, a 27% drop. The price moved by 5% or more in a single day 7 times. Between August and September the monthly average rose $8.04, the largest month-to-month change of the year.
Brent averaged $82.49, down $18.44 (18.3%) from 2022, with daily prices from $71.03 to $97.10; on 242 matched dates it was on average $4.89 above WTI.
The monthly average was lowest in June ($70.25) and highest in September ($89.43). In September 2026 dollars (CPI-U), the 2023 average is $85.79, higher than 2025's real average by $17.35 (25.4%). The 2020s as a whole averaged $72.25, so 2023 ran above its decade. Of 40 complete years with an EIA annual average, 2023 ranks 8th highest.
2023 summary statistics
| Measure | WTI | Brent | Brent − WTI |
|---|---|---|---|
| Average | $77.58 | $82.49 | +$4.89 |
| Change vs 2022 average | −$17.32 | −$18.44 | −$1.16 |
| Highest daily price | $93.67 Sep 27, 2023 | $97.10 Sep 27, 2023 | — |
| Lowest daily price | $66.61 Mar 17, 2023 | $71.03 Mar 17, 2023 | — |
| Highest daily spread | — | — | +$7.70 Oct 30, 2023 |
| Lowest daily spread | — | — | +$2.40 Oct 2, 2023 |
| First observation | $76.87 Jan 3, 2023 | $80.36 Jan 3, 2023 | — |
| Last observation | $71.89 Dec 29, 2023 | $77.69 Dec 29, 2023 | — |
| Published daily observations | 247 | 250 | 242 matched |
| Average in September 2026 dollars | $85.79 | $91.22 | — |
Daily spot prices in 2023
Show all 255 dates (Jan 3, 2023 – Dec 29, 2023)
| Date | WTI | Brent | Brent − WTI |
|---|---|---|---|
| Jan 3, 2023 | $76.87 | $80.36 | +$3.49 |
| Jan 4, 2023 | $72.82 | $75.31 | +$2.49 |
| Jan 5, 2023 | $73.61 | $76.73 | +$3.12 |
| Jan 6, 2023 | $73.77 | $76.41 | +$2.64 |
| Jan 9, 2023 | $74.69 | $77.50 | +$2.81 |
| Jan 10, 2023 | $75.11 | $78.40 | +$3.29 |
| Jan 11, 2023 | $77.46 | $81.11 | +$3.65 |
| Jan 12, 2023 | $78.32 | $82.59 | +$4.27 |
| Jan 13, 2023 | $79.90 | $83.43 | +$3.53 |
| Jan 16, 2023 | — | $82.65 | — |
| Jan 17, 2023 | $80.25 | $84.38 | +$4.13 |
| Jan 18, 2023 | $79.53 | $83.78 | +$4.25 |
| Jan 19, 2023 | $80.31 | $85.08 | +$4.77 |
| Jan 20, 2023 | $81.27 | $86.96 | +$5.69 |
| Jan 23, 2023 | $81.62 | $87.54 | +$5.92 |
| Jan 24, 2023 | $79.86 | $85.25 | +$5.39 |
| Jan 25, 2023 | $79.78 | $85.08 | +$5.30 |
| Jan 26, 2023 | $80.64 | $86.29 | +$5.65 |
| Jan 27, 2023 | $79.73 | $85.36 | +$5.63 |
| Jan 30, 2023 | $77.97 | $84.90 | +$6.93 |
| Jan 31, 2023 | $78.95 | $83.42 | +$4.47 |
| Feb 1, 2023 | $76.34 | $81.61 | +$5.27 |
| Feb 2, 2023 | $75.87 | $80.57 | +$4.70 |
| Feb 3, 2023 | $73.40 | $78.85 | +$5.45 |
| Feb 6, 2023 | $74.11 | $80.48 | +$6.37 |
| Feb 7, 2023 | $77.17 | $82.92 | +$5.75 |
| Feb 8, 2023 | $78.47 | $84.17 | +$5.70 |
| Feb 9, 2023 | $78.04 | $83.46 | +$5.42 |
| Feb 10, 2023 | $79.74 | $85.46 | +$5.72 |
| Feb 13, 2023 | $80.14 | $85.98 | +$5.84 |
| Feb 14, 2023 | $79.08 | $84.96 | +$5.88 |
| Feb 15, 2023 | $78.57 | $84.11 | +$5.54 |
| Feb 16, 2023 | $78.45 | $83.84 | +$5.39 |
| Feb 17, 2023 | $76.31 | $81.97 | +$5.66 |
| Feb 20, 2023 | — | $82.79 | — |
| Feb 21, 2023 | $76.28 | $82.14 | +$5.86 |
| Feb 22, 2023 | $73.95 | $79.55 | +$5.60 |
| Feb 23, 2023 | $75.26 | $82.08 | +$6.82 |
| Feb 24, 2023 | $76.19 | $82.31 | +$6.12 |
| Feb 27, 2023 | $75.57 | $81.24 | +$5.67 |
| Feb 28, 2023 | $76.88 | $83.21 | +$6.33 |
| Mar 1, 2023 | $77.57 | $83.68 | +$6.11 |
| Mar 2, 2023 | $78.05 | $84.15 | +$6.10 |
| Mar 3, 2023 | $79.62 | $85.74 | +$6.12 |
| Mar 6, 2023 | $80.39 | $85.86 | +$5.47 |
| Mar 8, 2023 | $76.56 | $82.10 | +$5.54 |
| Mar 9, 2023 | $75.60 | $81.00 | +$5.40 |
| Mar 10, 2023 | $76.55 | $82.30 | +$5.75 |
| Mar 13, 2023 | $74.68 | $79.67 | +$4.99 |
| Mar 14, 2023 | $71.18 | $76.77 | +$5.59 |
| Mar 15, 2023 | $67.38 | $74.30 | +$6.92 |
| Mar 16, 2023 | $68.15 | $73.12 | +$4.97 |
| Mar 17, 2023 | $66.61 | $71.03 | +$4.42 |
| Mar 20, 2023 | $67.56 | $72.42 | +$4.86 |
| Mar 21, 2023 | $69.40 | $74.78 | +$5.38 |
| Mar 22, 2023 | $70.71 | $76.08 | +$5.37 |
| Mar 23, 2023 | $69.77 | $74.31 | +$4.54 |
| Mar 24, 2023 | $69.22 | $73.63 | +$4.41 |
| Mar 27, 2023 | $72.87 | $76.80 | +$3.93 |
| Mar 28, 2023 | $73.12 | $78.07 | +$4.95 |
| Mar 29, 2023 | $72.95 | $77.51 | +$4.56 |
| Mar 30, 2023 | $74.32 | $78.45 | +$4.13 |
| Mar 31, 2023 | $75.68 | $79.19 | +$3.51 |
| Apr 3, 2023 | $80.40 | $85.81 | +$5.41 |
| Apr 4, 2023 | $80.70 | $85.70 | +$5.00 |
| Apr 5, 2023 | $80.69 | $85.89 | +$5.20 |
| Apr 6, 2023 | $80.70 | $86.56 | +$5.86 |
| Apr 10, 2023 | $79.79 | — | — |
| Apr 11, 2023 | $81.54 | $87.32 | +$5.78 |
| Apr 12, 2023 | $83.26 | $88.31 | +$5.05 |
| Apr 13, 2023 | $82.16 | $86.51 | +$4.35 |
| Apr 14, 2023 | $82.58 | $87.31 | +$4.73 |
| Apr 17, 2023 | $80.93 | $85.63 | +$4.70 |
| Apr 18, 2023 | $80.85 | $85.48 | +$4.63 |
| Apr 19, 2023 | $79.18 | $85.34 | +$6.16 |
| Apr 20, 2023 | $77.27 | $83.29 | +$6.02 |
| Apr 21, 2023 | $77.86 | $83.36 | +$5.50 |
| Apr 24, 2023 | $78.64 | $84.23 | +$5.59 |
| Apr 25, 2023 | $77.05 | $82.13 | +$5.08 |
| Apr 26, 2023 | $74.33 | $79.19 | +$4.86 |
| Apr 27, 2023 | $74.77 | $80.11 | +$5.34 |
| Apr 28, 2023 | $76.78 | $81.32 | +$4.54 |
| May 1, 2023 | $75.65 | — | — |
| May 2, 2023 | $71.71 | $76.71 | +$5.00 |
| May 3, 2023 | $68.62 | $72.91 | +$4.29 |
| May 4, 2023 | $68.52 | $73.00 | +$4.48 |
| May 5, 2023 | $71.32 | $75.85 | +$4.53 |
| May 8, 2023 | $73.13 | — | — |
| May 9, 2023 | $73.68 | $77.76 | +$4.08 |
| May 10, 2023 | $72.53 | $76.70 | +$4.17 |
| May 11, 2023 | $70.81 | $75.32 | +$4.51 |
| May 12, 2023 | $70.02 | $74.54 | +$4.52 |
| May 15, 2023 | $71.07 | $75.46 | +$4.39 |
| May 16, 2023 | $70.85 | $75.15 | +$4.30 |
| May 17, 2023 | $72.78 | $76.98 | +$4.20 |
| May 18, 2023 | $71.82 | $75.75 | +$3.93 |
| May 19, 2023 | $71.57 | $75.42 | +$3.85 |
| May 22, 2023 | $71.81 | $75.77 | +$3.96 |
| May 23, 2023 | $72.87 | $76.66 | +$3.79 |
| May 24, 2023 | $74.37 | $77.99 | +$3.62 |
| May 25, 2023 | $71.68 | $75.66 | +$3.98 |
| May 26, 2023 | $72.35 | $76.33 | +$3.98 |
| May 30, 2023 | $69.45 | $73.38 | +$3.93 |
| May 31, 2023 | $68.11 | $71.98 | +$3.87 |
| Jun 1, 2023 | $70.09 | $74.18 | +$4.09 |
| Jun 2, 2023 | $71.76 | $76.00 | +$4.24 |
| Jun 5, 2023 | $72.14 | $76.61 | +$4.47 |
| Jun 6, 2023 | $71.71 | $76.22 | +$4.51 |
| Jun 7, 2023 | $72.52 | $76.85 | +$4.33 |
| Jun 8, 2023 | $71.28 | $75.88 | +$4.60 |
| Jun 9, 2023 | $70.16 | $74.74 | +$4.58 |
| Jun 12, 2023 | $67.08 | $71.80 | +$4.72 |
| Jun 13, 2023 | $69.39 | $74.24 | +$4.85 |
| Jun 14, 2023 | $68.22 | $73.39 | +$5.17 |
| Jun 15, 2023 | $70.61 | $75.75 | +$5.14 |
| Jun 16, 2023 | $71.81 | $76.76 | +$4.95 |
| Jun 19, 2023 | — | $76.09 | — |
| Jun 20, 2023 | $70.94 | $75.79 | +$4.85 |
| Jun 21, 2023 | $72.55 | $76.92 | +$4.37 |
| Jun 22, 2023 | $69.22 | $73.93 | +$4.71 |
| Jun 23, 2023 | $68.91 | $73.56 | +$4.65 |
| Jun 26, 2023 | $69.09 | $73.86 | +$4.77 |
| Jun 27, 2023 | $67.68 | $71.88 | +$4.20 |
| Jun 28, 2023 | $69.54 | $73.64 | +$4.10 |
| Jun 29, 2023 | $69.85 | $73.86 | +$4.01 |
| Jun 30, 2023 | $70.66 | $74.51 | +$3.85 |
| Jul 3, 2023 | $69.71 | $74.52 | +$4.81 |
| Jul 4, 2023 | — | $76.23 | — |
| Jul 5, 2023 | $71.78 | $76.74 | +$4.96 |
| Jul 6, 2023 | $71.76 | $76.72 | +$4.96 |
| Jul 7, 2023 | $73.91 | $78.77 | +$4.86 |
| Jul 10, 2023 | $73.05 | $77.83 | +$4.78 |
| Jul 11, 2023 | $74.87 | $79.54 | +$4.67 |
| Jul 12, 2023 | $75.77 | $80.35 | +$4.58 |
| Jul 13, 2023 | $76.86 | $81.31 | +$4.45 |
| Jul 14, 2023 | $75.44 | $79.90 | +$4.46 |
| Jul 17, 2023 | $74.17 | $77.80 | +$3.63 |
| Jul 18, 2023 | $75.76 | $79.54 | +$3.78 |
| Jul 19, 2023 | $75.40 | $79.38 | +$3.98 |
| Jul 20, 2023 | $75.65 | $79.62 | +$3.97 |
| Jul 21, 2023 | $77.06 | $81.06 | +$4.00 |
| Jul 24, 2023 | $78.81 | $82.53 | +$3.72 |
| Jul 25, 2023 | $79.76 | $83.46 | +$3.70 |
| Jul 26, 2023 | $79.11 | $82.98 | +$3.87 |
| Jul 27, 2023 | $80.17 | $84.28 | +$4.11 |
| Jul 28, 2023 | $80.55 | $84.49 | +$3.94 |
| Jul 31, 2023 | $81.80 | $85.22 | +$3.42 |
| Aug 1, 2023 | $81.37 | $85.34 | +$3.97 |
| Aug 2, 2023 | $79.50 | $84.01 | +$4.51 |
| Aug 3, 2023 | $81.56 | $86.19 | +$4.63 |
| Aug 4, 2023 | $82.76 | $87.38 | +$4.62 |
| Aug 7, 2023 | $81.94 | $86.47 | +$4.53 |
| Aug 8, 2023 | $82.94 | $88.00 | +$5.06 |
| Aug 9, 2023 | $84.35 | $89.31 | +$4.96 |
| Aug 10, 2023 | $82.81 | $87.44 | +$4.63 |
| Aug 11, 2023 | $83.17 | $87.93 | +$4.76 |
| Aug 14, 2023 | $82.50 | $87.40 | +$4.90 |
| Aug 15, 2023 | $81.06 | $86.28 | +$5.22 |
| Aug 16, 2023 | $79.40 | $84.49 | +$5.09 |
| Aug 17, 2023 | $80.43 | $85.24 | +$4.81 |
| Aug 18, 2023 | $81.25 | $85.92 | +$4.67 |
| Aug 21, 2023 | $80.71 | $85.44 | +$4.73 |
| Aug 22, 2023 | $80.25 | $84.70 | +$4.45 |
| Aug 23, 2023 | $78.91 | $83.94 | +$5.03 |
| Aug 24, 2023 | $79.52 | $84.07 | +$4.55 |
| Aug 25, 2023 | $80.47 | $85.42 | +$4.95 |
| Aug 28, 2023 | $80.65 | — | — |
| Aug 29, 2023 | $81.14 | $86.37 | +$5.23 |
| Aug 30, 2023 | $81.64 | $86.62 | +$4.98 |
| Aug 31, 2023 | $83.55 | $87.29 | +$3.74 |
| Sep 1, 2023 | $85.52 | $89.98 | +$4.46 |
| Sep 4, 2023 | — | $90.42 | — |
| Sep 5, 2023 | $86.74 | $91.25 | +$4.51 |
| Sep 6, 2023 | $87.55 | $91.79 | +$4.24 |
| Sep 7, 2023 | $86.87 | $91.16 | +$4.29 |
| Sep 8, 2023 | $87.51 | $91.85 | +$4.34 |
| Sep 11, 2023 | $87.30 | $91.97 | +$4.67 |
| Sep 12, 2023 | $88.87 | $93.58 | +$4.71 |
| Sep 13, 2023 | $88.59 | $93.04 | +$4.45 |
| Sep 14, 2023 | $90.13 | $95.20 | +$5.07 |
| Sep 15, 2023 | $90.83 | $95.55 | +$4.72 |
| Sep 18, 2023 | $91.47 | $95.95 | +$4.48 |
| Sep 19, 2023 | $91.16 | $96.11 | +$4.95 |
| Sep 20, 2023 | $89.20 | $94.56 | +$5.36 |
| Sep 21, 2023 | $89.56 | $93.70 | +$4.14 |
| Sep 22, 2023 | $90.00 | $93.99 | +$3.99 |
| Sep 25, 2023 | $89.68 | $94.01 | +$4.33 |
| Sep 26, 2023 | $91.43 | $94.46 | +$3.03 |
| Sep 27, 2023 | $93.67 | $97.10 | +$3.43 |
| Sep 28, 2023 | $91.65 | $96.64 | +$4.99 |
| Sep 29, 2023 | $90.77 | $95.86 | +$5.09 |
| Oct 2, 2023 | $88.81 | $91.21 | +$2.40 |
| Oct 3, 2023 | $89.26 | $94.46 | +$5.20 |
| Oct 4, 2023 | $84.32 | $89.83 | +$5.51 |
| Oct 5, 2023 | $82.30 | $88.28 | +$5.98 |
| Oct 6, 2023 | $82.83 | $87.86 | +$5.03 |
| Oct 9, 2023 | — | $91.37 | — |
| Oct 10, 2023 | $85.89 | $90.70 | +$4.81 |
| Oct 11, 2023 | $83.70 | $87.58 | +$3.88 |
| Oct 12, 2023 | $82.87 | $88.40 | +$5.53 |
| Oct 13, 2023 | $87.67 | $94.33 | +$6.66 |
| Oct 16, 2023 | $86.65 | $90.99 | +$4.34 |
| Oct 17, 2023 | $86.66 | $92.52 | +$5.86 |
| Oct 18, 2023 | $88.35 | $91.99 | +$3.64 |
| Oct 19, 2023 | $89.35 | $93.12 | +$3.77 |
| Oct 20, 2023 | $89.12 | $93.72 | +$4.60 |
| Oct 23, 2023 | $85.49 | $91.88 | +$6.39 |
| Oct 24, 2023 | $84.58 | $88.00 | +$3.42 |
| Oct 25, 2023 | $86.07 | $90.14 | +$4.07 |
| Oct 26, 2023 | $83.80 | $88.45 | +$4.65 |
| Oct 27, 2023 | $86.04 | $90.73 | +$4.69 |
| Oct 30, 2023 | $83.03 | $90.73 | +$7.70 |
| Oct 31, 2023 | $81.64 | $86.82 | +$5.18 |
| Nov 1, 2023 | $81.05 | $86.92 | +$5.87 |
| Nov 2, 2023 | $83.04 | $89.02 | +$5.98 |
| Nov 3, 2023 | $81.19 | $87.55 | +$6.36 |
| Nov 6, 2023 | $81.54 | $87.31 | +$5.77 |
| Nov 7, 2023 | $77.96 | $83.43 | +$5.47 |
| Nov 8, 2023 | $75.85 | $81.46 | +$5.61 |
| Nov 9, 2023 | $76.34 | $81.74 | +$5.40 |
| Nov 10, 2023 | — | $83.66 | — |
| Nov 13, 2023 | $78.86 | $84.09 | +$5.23 |
| Nov 14, 2023 | $78.90 | $84.20 | +$5.30 |
| Nov 15, 2023 | $77.15 | $82.40 | +$5.25 |
| Nov 16, 2023 | $73.50 | $77.73 | +$4.23 |
| Nov 17, 2023 | $76.47 | $81.22 | +$4.75 |
| Nov 20, 2023 | $78.10 | $83.25 | +$5.15 |
| Nov 21, 2023 | $78.35 | $82.42 | +$4.07 |
| Nov 22, 2023 | $76.80 | $81.76 | +$4.96 |
| Nov 23, 2023 | — | $80.85 | — |
| Nov 24, 2023 | $74.83 | $79.82 | +$4.99 |
| Nov 27, 2023 | $74.46 | $79.49 | +$5.03 |
| Nov 28, 2023 | $76.09 | $81.66 | +$5.57 |
| Nov 29, 2023 | $77.56 | $82.98 | +$5.42 |
| Nov 30, 2023 | $75.66 | $81.72 | +$6.06 |
| Dec 1, 2023 | $73.70 | $78.72 | +$5.02 |
| Dec 4, 2023 | $72.73 | $78.16 | +$5.43 |
| Dec 5, 2023 | $71.95 | $77.27 | +$5.32 |
| Dec 6, 2023 | $68.98 | $74.33 | +$5.35 |
| Dec 7, 2023 | $69.00 | $74.21 | +$5.21 |
| Dec 8, 2023 | $70.87 | $75.94 | +$5.07 |
| Dec 11, 2023 | $70.95 | $75.75 | +$4.80 |
| Dec 12, 2023 | $68.27 | $74.11 | +$5.84 |
| Dec 13, 2023 | $69.09 | $74.14 | +$5.05 |
| Dec 14, 2023 | $71.21 | $77.05 | +$5.84 |
| Dec 15, 2023 | $71.05 | $76.84 | +$5.79 |
| Dec 18, 2023 | $72.16 | $78.89 | +$6.73 |
| Dec 19, 2023 | $73.23 | $79.82 | +$6.59 |
| Dec 20, 2023 | $73.87 | $81.10 | +$7.23 |
| Dec 21, 2023 | $73.59 | $80.73 | +$7.14 |
| Dec 22, 2023 | $73.29 | $80.23 | +$6.94 |
| Dec 26, 2023 | $75.84 | — | — |
| Dec 27, 2023 | $74.31 | $80.97 | +$6.66 |
| Dec 28, 2023 | $72.02 | $79.04 | +$7.02 |
| Dec 29, 2023 | $71.89 | $77.69 | +$5.80 |
“—” means EIA published no price for that benchmark on that date.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB | $/bbl | Jan 3, 2023 – Dec 29, 2023 | Dec 29, 2023 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB | $/bbl | Jan 3, 2023 – Dec 29, 2023 | Dec 29, 2023 |
| 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:2023 daily prices (CSV)