Oil Prices in December 2023: WTI & Brent Daily Prices and Monthly Average
WTI averaged $71.90 per barrel in December 2023, down $5.79 (7.5%) from November 2023. A year earlier, in December 2022, it averaged $76.44, so the price was lower by $4.54 (5.9%) year over year.
Daily spot prices, December 2023
Chart data table (20 rows)
| Period | WTI | Brent |
|---|---|---|
| Dec 29, 2023 | $71.89 | $77.69 |
| Dec 28, 2023 | $72.02 | $79.04 |
| Dec 27, 2023 | $74.31 | $80.97 |
| Dec 26, 2023 | $75.84 | — |
| Dec 22, 2023 | $73.29 | $80.23 |
| Dec 21, 2023 | $73.59 | $80.73 |
| Dec 20, 2023 | $73.87 | $81.10 |
| Dec 19, 2023 | $73.23 | $79.82 |
| Dec 18, 2023 | $72.16 | $78.89 |
| Dec 15, 2023 | $71.05 | $76.84 |
| Dec 14, 2023 | $71.21 | $77.05 |
| Dec 13, 2023 | $69.09 | $74.14 |
| Dec 12, 2023 | $68.27 | $74.11 |
| Dec 11, 2023 | $70.95 | $75.75 |
| Dec 8, 2023 | $70.87 | $75.94 |
| Dec 7, 2023 | $69.00 | $74.21 |
| Dec 6, 2023 | $68.98 | $74.33 |
| Dec 5, 2023 | $71.95 | $77.27 |
| Dec 4, 2023 | $72.73 | $78.16 |
| Dec 1, 2023 | $73.70 | $78.72 |
Prices dipped to $68.27 on Dec 12, 2023, then climbed to $75.84 on Dec 26, 2023 and ended at $71.89. The largest one-day move was −$2.97 on Dec 6, 2023 (−4.1%).
Brent averaged $77.63; its premium over WTI on matched dates averaged $5.94, with the daily Brent − WTI difference ranging from +$4.80 to +$7.23.
Adjusted with CPI-U, the December 2023 average equals $78.98 in September 2026 dollars.
December 2023 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $71.90 | $77.63 |
| Change vs November 2023 | −$5.79 | −$5.31 |
| Change vs December 2022 | −$4.54 | −$3.29 |
| Highest daily price | $75.84 Dec 26, 2023 | $81.10 Dec 20, 2023 |
| Lowest daily price | $68.27 Dec 12, 2023 | $74.11 Dec 12, 2023 |
| Published daily observations | 20 | 19 |
| Average in September 2026 dollars (CPI-U) | $78.98 | $85.27 |
Monthly averages are EIA's published figures. Real figures use CPI-U for December 2023.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Dec 1, 2023 – Dec 29, 2023 | Dec 29, 2023 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Dec 1, 2023 – Dec 29, 2023 | Dec 29, 2023 |
| 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:2023 daily prices (CSV)