Oil Prices in October 2023: WTI & Brent Daily Prices and Monthly Average
WTI averaged $85.64 per barrel in October 2023, down $3.79 (4.2%) from September 2023. It was close to its level a year earlier ($87.55 in October 2022).
Daily spot prices, October 2023
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| Oct 31, 2023 | $81.64 | $86.82 |
| Oct 30, 2023 | $83.03 | $90.73 |
| Oct 27, 2023 | $86.04 | $90.73 |
| Oct 26, 2023 | $83.80 | $88.45 |
| Oct 25, 2023 | $86.07 | $90.14 |
| Oct 24, 2023 | $84.58 | $88.00 |
| Oct 23, 2023 | $85.49 | $91.88 |
| Oct 20, 2023 | $89.12 | $93.72 |
| Oct 19, 2023 | $89.35 | $93.12 |
| Oct 18, 2023 | $88.35 | $91.99 |
| Oct 17, 2023 | $86.66 | $92.52 |
| Oct 16, 2023 | $86.65 | $90.99 |
| Oct 13, 2023 | $87.67 | $94.33 |
| Oct 12, 2023 | $82.87 | $88.40 |
| Oct 11, 2023 | $83.70 | $87.58 |
| Oct 10, 2023 | $85.89 | $90.70 |
| Oct 9, 2023 | — | $91.37 |
| Oct 6, 2023 | $82.83 | $87.86 |
| Oct 5, 2023 | $82.30 | $88.28 |
| Oct 4, 2023 | $84.32 | $89.83 |
| Oct 3, 2023 | $89.26 | $94.46 |
| Oct 2, 2023 | $88.81 | $91.21 |
Prices fell over the month, from $88.81 on Oct 2, 2023 to $81.64 on Oct 31, 2023. The largest one-day move was −$4.94 on Oct 4, 2023 (−5.5%).
Brent averaged $90.60; its premium over WTI on matched dates averaged $4.92, with the daily Brent − WTI difference ranging from +$2.40 to +$7.70.
It was the second-highest monthly average of 2023. Adjusted with CPI-U, the October 2023 average equals $93.79 in September 2026 dollars.
October 2023 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $85.64 | $90.60 |
| Change vs September 2023 | −$3.79 | −$3.12 |
| Change vs October 2022 | −$1.91 | −$2.73 |
| Highest daily price | $89.35 Oct 19, 2023 | $94.46 Oct 3, 2023 |
| Lowest daily price | $81.64 Oct 31, 2023 | $86.82 Oct 31, 2023 |
| Published daily observations | 21 | 22 |
| Average in September 2026 dollars (CPI-U) | $93.79 | $99.22 |
Monthly averages are EIA's published figures. Real figures use CPI-U for October 2023.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Oct 2, 2023 – Oct 31, 2023 | Oct 31, 2023 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Oct 2, 2023 – Oct 31, 2023 | Oct 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)