Oil Prices in June 2023: WTI & Brent Daily Prices and Monthly Average
At $70.25 per barrel, June 2023's WTI average was the lowest monthly average in nominal terms since August 2021, down $1.33 (1.9%) from May 2023. The average was 39% below the $114.84 of June 2022.
Daily spot prices, June 2023
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| Jun 30, 2023 | $70.66 | $74.51 |
| Jun 29, 2023 | $69.85 | $73.86 |
| Jun 28, 2023 | $69.54 | $73.64 |
| Jun 27, 2023 | $67.68 | $71.88 |
| Jun 26, 2023 | $69.09 | $73.86 |
| Jun 23, 2023 | $68.91 | $73.56 |
| Jun 22, 2023 | $69.22 | $73.93 |
| Jun 21, 2023 | $72.55 | $76.92 |
| Jun 20, 2023 | $70.94 | $75.79 |
| Jun 19, 2023 | — | $76.09 |
| Jun 16, 2023 | $71.81 | $76.76 |
| Jun 15, 2023 | $70.61 | $75.75 |
| Jun 14, 2023 | $68.22 | $73.39 |
| Jun 13, 2023 | $69.39 | $74.24 |
| Jun 12, 2023 | $67.08 | $71.80 |
| Jun 9, 2023 | $70.16 | $74.74 |
| Jun 8, 2023 | $71.28 | $75.88 |
| Jun 7, 2023 | $72.52 | $76.85 |
| Jun 6, 2023 | $71.71 | $76.22 |
| Jun 5, 2023 | $72.14 | $76.61 |
| Jun 2, 2023 | $71.76 | $76.00 |
| Jun 1, 2023 | $70.09 | $74.18 |
Prices dipped to $67.08 on Jun 12, 2023, then climbed to $72.55 on Jun 21, 2023 and ended at $70.66. The largest one-day move was −$3.33 on Jun 22, 2023 (−4.6%).
Brent averaged $74.84; its premium over WTI on matched dates averaged $4.53, with the daily Brent − WTI difference ranging from +$3.85 to +$5.17.
It was the lowest monthly average of 2023. Adjusted with CPI-U, the June 2023 average equals $77.58 in September 2026 dollars.
June 2023 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $70.25 | $74.84 |
| Change vs May 2023 | −$1.33 | −$0.63 |
| Change vs June 2022 | −$44.59 | −$47.87 |
| Highest daily price | $72.55 Jun 21, 2023 | $76.92 Jun 21, 2023 |
| Lowest daily price | $67.08 Jun 12, 2023 | $71.80 Jun 12, 2023 |
| Published daily observations | 21 | 22 |
| Average in September 2026 dollars (CPI-U) | $77.58 | $82.65 |
Monthly averages are EIA's published figures. Real figures use CPI-U for June 2023.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Jun 1, 2023 – Jun 30, 2023 | Jun 30, 2023 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jun 1, 2023 – Jun 30, 2023 | Jun 30, 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)