Oil Prices in July 2023: WTI & Brent Daily Prices and Monthly Average
WTI average
$76.07
EIA monthly average
vs June 2023
+8.3%
$70.25
vs July 2022
−25.1%
$101.62
Brent average
$80.11
avg daily Brent − WTI +$4.23
WTI averaged $76.07 per barrel in July 2023, up $5.82 (8.3%) from June 2023. The average was 25% below the $101.62 of July 2022.
Daily spot prices, July 2023
Chart data table (21 rows)
| Period | WTI | Brent |
|---|---|---|
| Jul 31, 2023 | $81.80 | $85.22 |
| Jul 28, 2023 | $80.55 | $84.49 |
| Jul 27, 2023 | $80.17 | $84.28 |
| Jul 26, 2023 | $79.11 | $82.98 |
| Jul 25, 2023 | $79.76 | $83.46 |
| Jul 24, 2023 | $78.81 | $82.53 |
| Jul 21, 2023 | $77.06 | $81.06 |
| Jul 20, 2023 | $75.65 | $79.62 |
| Jul 19, 2023 | $75.40 | $79.38 |
| Jul 18, 2023 | $75.76 | $79.54 |
| Jul 17, 2023 | $74.17 | $77.80 |
| Jul 14, 2023 | $75.44 | $79.90 |
| Jul 13, 2023 | $76.86 | $81.31 |
| Jul 12, 2023 | $75.77 | $80.35 |
| Jul 11, 2023 | $74.87 | $79.54 |
| Jul 10, 2023 | $73.05 | $77.83 |
| Jul 7, 2023 | $73.91 | $78.77 |
| Jul 6, 2023 | $71.76 | $76.72 |
| Jul 5, 2023 | $71.78 | $76.74 |
| Jul 4, 2023 | — | $76.23 |
| Jul 3, 2023 | $69.71 | $74.52 |
Prices rose over the month, from $69.71 on Jul 3, 2023 to $81.80 on Jul 31, 2023, with gains on 13 of 20 trading days.
Brent averaged $80.11; its premium over WTI on matched dates averaged $4.23, with the daily Brent − WTI difference ranging from +$3.42 to +$4.96.
Adjusted with CPI-U, the July 2023 average equals $83.85 in September 2026 dollars.
July 2023 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $76.07 | $80.11 |
| Change vs June 2023 | +$5.82 | +$5.27 |
| Change vs July 2022 | −$25.55 | −$31.82 |
| Highest daily price | $81.80 Jul 31, 2023 | $85.22 Jul 31, 2023 |
| Lowest daily price | $69.71 Jul 3, 2023 | $74.52 Jul 3, 2023 |
| Published daily observations | 20 | 21 |
| Average in September 2026 dollars (CPI-U) | $83.85 | $88.30 |
Monthly averages are EIA's published figures. Real figures use CPI-U for July 2023.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Jul 3, 2023 – Jul 31, 2023 | Jul 31, 2023 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jul 3, 2023 – Jul 31, 2023 | Jul 31, 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)