The 2008 Oil Price Spike and Crash: WTI and Brent, 2007–2009
WTI, Jan 2, 2007
$60.77
Peak, Jul 3, 2008
$145.31
Low after the peak, Dec 23, 2008
$30.28
EIA's WTI spot price was $60.77 per barrel on Jan 2, 2007, the first published price in this window. It then peaked at $145.31 on Jul 3, 2008, a rise of $84.54 (139.1%) over 18 months. From that peak it fell to $30.28 by Dec 23, 2008, a fall of $115.03 (79.2%) over 6 months.
Daily spot prices, Jan 2, 2007 – Jun 30, 2009
Chart data table (629 rows)
| Period | WTI | Brent |
|---|---|---|
| Jun 30, 2009 | $69.82 | $68.11 |
| Jun 29, 2009 | $71.47 | $69.75 |
| Jun 26, 2009 | $69.16 | $68.10 |
| Jun 25, 2009 | $69.70 | $68.82 |
| Jun 24, 2009 | $68.14 | $68.47 |
| Jun 23, 2009 | $68.81 | $66.36 |
| Jun 22, 2009 | $67.09 | $66.13 |
| Jun 19, 2009 | $69.60 | $70.48 |
| Jun 18, 2009 | $71.42 | $69.96 |
| Jun 17, 2009 | $71.07 | $68.95 |
| Jun 16, 2009 | $70.47 | $70.52 |
| Jun 15, 2009 | $70.54 | $68.49 |
| Jun 12, 2009 | $72.13 | $70.62 |
| Jun 11, 2009 | $72.69 | $71.71 |
| Jun 10, 2009 | $71.38 | $70.52 |
| Jun 9, 2009 | $70.02 | $68.94 |
| Jun 8, 2009 | $68.05 | $67.61 |
| Jun 5, 2009 | $68.43 | $67.77 |
| Jun 4, 2009 | $68.80 | $67.68 |
| Jun 3, 2009 | $66.14 | $66.15 |
| Jun 2, 2009 | $68.58 | $67.67 |
| Jun 1, 2009 | $68.59 | $66.60 |
| May 29, 2009 | $66.31 | $64.98 |
| May 28, 2009 | $65.09 | $63.47 |
| May 27, 2009 | $63.41 | $61.28 |
| May 26, 2009 | $62.48 | $59.05 |
| May 22, 2009 | $61.15 | $58.70 |
| May 21, 2009 | $60.49 | $58.02 |
| May 20, 2009 | $61.45 | $59.10 |
| May 19, 2009 | $59.52 | $57.12 |
| May 18, 2009 | $58.99 | $56.51 |
| May 15, 2009 | $56.52 | $56.33 |
| May 14, 2009 | $58.58 | $56.25 |
| May 13, 2009 | $58.00 | $56.84 |
| May 12, 2009 | $58.81 | $56.52 |
| May 11, 2009 | $57.79 | $55.99 |
| May 8, 2009 | $58.58 | $56.02 |
| May 7, 2009 | $56.67 | $56.63 |
| May 6, 2009 | $56.29 | $55.07 |
| May 5, 2009 | $53.81 | $53.16 |
| May 4, 2009 | $54.45 | $53.26 |
| May 1, 2009 | $52.18 | $51.75 |
| Apr 30, 2009 | $50.35 | $50.30 |
| Apr 29, 2009 | $50.19 | $50.22 |
| Apr 28, 2009 | $49.01 | $48.64 |
| Apr 27, 2009 | $49.29 | $48.67 |
| Apr 24, 2009 | $50.65 | $50.29 |
| Apr 23, 2009 | $48.46 | $48.29 |
| Apr 22, 2009 | $47.41 | $48.50 |
| Apr 21, 2009 | $46.65 | $48.69 |
| Apr 20, 2009 | $45.82 | $49.06 |
| Apr 17, 2009 | $50.36 | $52.02 |
| Apr 16, 2009 | $49.97 | $51.83 |
| Apr 15, 2009 | $49.26 | $51.31 |
| Apr 14, 2009 | $49.51 | $52.06 |
| Apr 13, 2009 | $50.22 | $50.73 |
| Apr 9, 2009 | $52.24 | $52.33 |
| Apr 8, 2009 | $49.37 | $52.06 |
| Apr 7, 2009 | $49.13 | $50.62 |
| Apr 6, 2009 | $51.10 | $50.91 |
| Apr 3, 2009 | $52.52 | $50.48 |
| Apr 2, 2009 | $52.61 | $50.89 |
| Apr 1, 2009 | $48.46 | $45.92 |
| Mar 31, 2009 | $49.64 | $46.13 |
| Mar 30, 2009 | $48.49 | $49.05 |
| Mar 27, 2009 | $52.41 | $50.81 |
| Mar 26, 2009 | $53.87 | $51.89 |
| Mar 25, 2009 | $52.24 | $51.46 |
| Mar 24, 2009 | $53.36 | $51.32 |
| Mar 23, 2009 | $53.05 | $51.84 |
| Mar 20, 2009 | $51.55 | $49.27 |
| Mar 19, 2009 | $51.46 | $48.03 |
| Mar 18, 2009 | $48.12 | $45.22 |
| Mar 17, 2009 | $48.97 | $45.53 |
| Mar 16, 2009 | $47.33 | $44.12 |
| Mar 13, 2009 | $46.22 | $44.97 |
| Mar 12, 2009 | $46.91 | $42.19 |
| Mar 11, 2009 | $42.46 | $43.20 |
| Mar 10, 2009 | $45.68 | $44.99 |
| Mar 9, 2009 | $47.01 | $44.55 |
| Mar 6, 2009 | $45.43 | $43.48 |
| Mar 5, 2009 | $43.54 | $44.45 |
| Mar 4, 2009 | $45.28 | $46.07 |
| Mar 3, 2009 | $41.57 | $42.72 |
| Mar 2, 2009 | $40.07 | $42.60 |
| Feb 27, 2009 | $44.15 | $44.41 |
| Feb 26, 2009 | $43.18 | $45.15 |
| Feb 25, 2009 | $41.64 | $42.37 |
| Feb 24, 2009 | $38.86 | $40.18 |
| Feb 23, 2009 | $37.66 | $41.27 |
| Feb 20, 2009 | $39.35 | $42.19 |
| Feb 19, 2009 | $39.60 | $42.36 |
| Feb 18, 2009 | $34.67 | $39.41 |
| Feb 17, 2009 | $34.96 | $39.69 |
| Feb 13, 2009 | $37.63 | $43.36 |
| Feb 12, 2009 | $34.03 | $47.23 |
| Feb 11, 2009 | $35.93 | $44.24 |
| Feb 10, 2009 | $37.54 | $45.88 |
| Feb 9, 2009 | $39.58 | $47.23 |
| Feb 6, 2009 | $40.24 | $44.49 |
| Feb 5, 2009 | $41.15 | $43.92 |
| Feb 4, 2009 | $40.27 | $43.68 |
| Feb 3, 2009 | $40.87 | $43.15 |
| Feb 2, 2009 | $41.35 | $42.96 |
| Jan 30, 2009 | $41.73 | $44.17 |
| Jan 29, 2009 | $41.58 | $43.13 |
| Jan 28, 2009 | $42.04 | $42.86 |
| Jan 27, 2009 | $41.67 | $42.86 |
| Jan 26, 2009 | $46.50 | $48.00 |
| Jan 23, 2009 | $45.12 | $43.13 |
| Jan 22, 2009 | $42.33 | $42.42 |
| Jan 21, 2009 | $42.56 | $39.90 |
| Jan 20, 2009 | $38.57 | $41.22 |
| Jan 16, 2009 | $35.38 | $43.42 |
| Jan 15, 2009 | $35.41 | $42.32 |
| Jan 14, 2009 | $37.43 | $42.27 |
| Jan 13, 2009 | $37.77 | $43.05 |
| Jan 12, 2009 | $37.65 | $40.86 |
| Jan 9, 2009 | $40.69 | $42.34 |
| Jan 8, 2009 | $41.68 | $42.94 |
| Jan 7, 2009 | $42.75 | $46.23 |
| Jan 6, 2009 | $48.56 | $48.89 |
| Jan 5, 2009 | $48.61 | $45.84 |
| Jan 2, 2009 | $46.17 | $42.94 |
| Dec 31, 2008 | $44.60 | $35.82 |
| Dec 30, 2008 | $38.95 | $35.22 |
| Dec 29, 2008 | $39.89 | $34.16 |
| Dec 26, 2008 | $37.58 | $33.73 |
| Dec 24, 2008 | $32.94 | $34.45 |
| Dec 23, 2008 | $30.28 | $35.27 |
| Dec 22, 2008 | $31.10 | $38.08 |
| Dec 19, 2008 | $33.17 | $39.52 |
| Dec 18, 2008 | $36.73 | $40.19 |
| Dec 17, 2008 | $40.17 | $41.84 |
| Dec 16, 2008 | $43.84 | $42.00 |
| Dec 15, 2008 | $44.61 | $45.02 |
| Dec 12, 2008 | $46.27 | $42.38 |
| Dec 11, 2008 | $47.77 | $43.54 |
| Dec 10, 2008 | $43.10 | $39.34 |
| Dec 9, 2008 | $42.00 | $39.77 |
| Dec 8, 2008 | $43.69 | $40.02 |
| Dec 5, 2008 | $41.01 | $37.04 |
| Dec 4, 2008 | $43.80 | $43.83 |
| Dec 3, 2008 | $46.79 | $44.39 |
| Dec 2, 2008 | $47.05 | $45.64 |
| Dec 1, 2008 | $49.34 | $47.58 |
| Nov 28, 2008 | $55.21 | $47.72 |
| Nov 26, 2008 | $54.20 | $49.39 |
| Nov 25, 2008 | $50.02 | $47.51 |
| Nov 24, 2008 | $53.63 | $49.51 |
| Nov 21, 2008 | $49.22 | $44.91 |
| Nov 20, 2008 | $48.86 | $45.79 |
| Nov 19, 2008 | $53.64 | $48.35 |
| Nov 18, 2008 | $54.42 | $49.10 |
| Nov 17, 2008 | $55.14 | $50.82 |
| Nov 14, 2008 | $57.18 | $50.70 |
| Nov 13, 2008 | $58.31 | $51.32 |
| Nov 12, 2008 | $55.95 | $52.47 |
| Nov 11, 2008 | $59.38 | $54.76 |
| Nov 10, 2008 | $62.19 | $57.08 |
| Nov 7, 2008 | $61.06 | $56.84 |
| Nov 6, 2008 | $60.72 | $56.14 |
| Nov 5, 2008 | $65.41 | $61.09 |
| Nov 4, 2008 | $70.41 | $62.78 |
| Nov 3, 2008 | $63.93 | $60.32 |
| Oct 31, 2008 | $68.10 | $60.00 |
| Oct 30, 2008 | $65.79 | $60.86 |
| Oct 29, 2008 | $67.45 | $64.00 |
| Oct 28, 2008 | $62.80 | $58.87 |
| Oct 27, 2008 | $61.92 | $59.34 |
| Oct 24, 2008 | $63.34 | $60.57 |
| Oct 23, 2008 | $67.17 | $65.06 |
| Oct 22, 2008 | $66.92 | $62.95 |
| Oct 21, 2008 | $71.29 | $65.99 |
| Oct 20, 2008 | $74.08 | $67.45 |
| Oct 17, 2008 | $71.90 | $66.05 |
| Oct 16, 2008 | $69.81 | $64.14 |
| Oct 15, 2008 | $74.38 | $66.86 |
| Oct 14, 2008 | $78.69 | $74.98 |
| Oct 13, 2008 | $81.17 | $74.37 |
| Oct 10, 2008 | $77.44 | $74.58 |
| Oct 9, 2008 | $86.50 | $81.65 |
| Oct 8, 2008 | $88.94 | $80.77 |
| Oct 7, 2008 | $90.18 | $83.17 |
| Oct 6, 2008 | $88.15 | $84.71 |
| Oct 3, 2008 | $93.91 | $88.95 |
| Oct 2, 2008 | $93.84 | $88.88 |
| Oct 1, 2008 | $98.23 | $92.19 |
| Sep 30, 2008 | $100.70 | $93.52 |
| Sep 29, 2008 | $96.29 | $95.96 |
| Sep 26, 2008 | $106.77 | $100.88 |
| Sep 25, 2008 | $111.54 | $100.45 |
| Sep 24, 2008 | $106.84 | $102.09 |
| Sep 23, 2008 | $107.85 | $100.72 |
| Sep 22, 2008 | $122.61 | $100.43 |
| Sep 19, 2008 | $104.05 | $93.46 |
| Sep 18, 2008 | $97.50 | $90.89 |
| Sep 17, 2008 | $97.39 | $86.09 |
| Sep 16, 2008 | $91.49 | $85.85 |
| Sep 15, 2008 | $95.52 | $90.45 |
| Sep 12, 2008 | $101.19 | $94.37 |
| Sep 11, 2008 | $100.95 | $96.01 |
| Sep 10, 2008 | $102.66 | $96.00 |
| Sep 9, 2008 | $103.23 | $98.94 |
| Sep 8, 2008 | $106.35 | $101.08 |
| Sep 5, 2008 | $106.47 | $102.51 |
| Sep 4, 2008 | $107.99 | $103.41 |
| Sep 3, 2008 | $109.38 | $103.88 |
| Sep 2, 2008 | $109.63 | $104.94 |
| Aug 29, 2008 | $115.55 | $113.49 |
| Aug 28, 2008 | $115.58 | $113.54 |
| Aug 27, 2008 | $118.17 | $113.05 |
| Aug 26, 2008 | $116.31 | $112.20 |
| Aug 25, 2008 | $114.85 | $109.74 |
| Aug 22, 2008 | $114.48 | $113.99 |
| Aug 21, 2008 | $121.23 | $117.24 |
| Aug 20, 2008 | $115.48 | $108.72 |
| Aug 19, 2008 | $114.39 | $109.02 |
| Aug 18, 2008 | $112.92 | $109.33 |
| Aug 15, 2008 | $113.46 | $108.80 |
| Aug 14, 2008 | $115.05 | $111.82 |
| Aug 13, 2008 | $115.96 | $110.68 |
| Aug 12, 2008 | $113.10 | $108.98 |
| Aug 11, 2008 | $114.44 | $110.54 |
| Aug 8, 2008 | $115.42 | $113.03 |
| Aug 7, 2008 | $119.84 | $116.94 |
| Aug 6, 2008 | $118.57 | $114.47 |
| Aug 5, 2008 | $118.71 | $116.50 |
| Aug 4, 2008 | $121.45 | $121.87 |
| Aug 1, 2008 | $125.03 | $124.16 |
| Jul 31, 2008 | $124.17 | $124.10 |
| Jul 30, 2008 | $126.74 | $122.46 |
| Jul 29, 2008 | $122.21 | $125.77 |
| Jul 28, 2008 | $124.72 | $125.67 |
| Jul 25, 2008 | $122.59 | $124.70 |
| Jul 24, 2008 | $124.62 | $125.43 |
| Jul 23, 2008 | $123.73 | $126.86 |
| Jul 22, 2008 | $127.25 | $127.18 |
| Jul 21, 2008 | $131.43 | $129.34 |
| Jul 18, 2008 | $128.94 | $129.34 |
| Jul 17, 2008 | $129.43 | $134.16 |
| Jul 16, 2008 | $134.63 | $133.31 |
| Jul 15, 2008 | $138.68 | $136.02 |
| Jul 14, 2008 | $145.16 | $142.43 |
| Jul 11, 2008 | $144.96 | $143.68 |
| Jul 10, 2008 | $141.47 | $135.81 |
| Jul 9, 2008 | $135.88 | $133.91 |
| Jul 8, 2008 | $136.06 | $134.15 |
| Jul 7, 2008 | $141.38 | $139.62 |
| Jul 3, 2008 | $145.31 | $143.95 |
| Jul 2, 2008 | $143.74 | $141.24 |
| Jul 1, 2008 | $141.06 | $140.67 |
| Jun 30, 2008 | $139.96 | $138.40 |
| Jun 27, 2008 | $139.69 | $139.38 |
| Jun 26, 2008 | $138.91 | $136.82 |
| Jun 25, 2008 | $133.92 | $131.59 |
| Jun 24, 2008 | $136.49 | $135.37 |
| Jun 23, 2008 | $135.98 | $134.54 |
| Jun 20, 2008 | $134.78 | $134.28 |
| Jun 19, 2008 | $131.88 | $131.84 |
| Jun 18, 2008 | $136.54 | $129.12 |
| Jun 17, 2008 | $133.99 | $131.27 |
| Jun 16, 2008 | $134.52 | $133.90 |
| Jun 13, 2008 | $134.84 | $134.29 |
| Jun 12, 2008 | $136.91 | $132.11 |
| Jun 11, 2008 | $136.43 | $134.52 |
| Jun 10, 2008 | $131.38 | $135.24 |
| Jun 9, 2008 | $134.44 | $134.43 |
| Jun 6, 2008 | $138.51 | $132.81 |
| Jun 5, 2008 | $127.93 | $122.36 |
| Jun 4, 2008 | $122.30 | $121.72 |
| Jun 3, 2008 | $124.33 | $126.28 |
| Jun 2, 2008 | $127.75 | $128.50 |
| May 30, 2008 | $127.35 | $127.85 |
| May 29, 2008 | $126.70 | $129.33 |
| May 28, 2008 | $131.00 | $128.93 |
| May 27, 2008 | $128.81 | $128.92 |
| May 23, 2008 | $131.58 | $129.72 |
| May 22, 2008 | $130.04 | $129.04 |
| May 21, 2008 | $132.99 | $127.28 |
| May 20, 2008 | $128.93 | $124.12 |
| May 19, 2008 | $127.15 | $122.19 |
| May 16, 2008 | $126.50 | $122.98 |
| May 15, 2008 | $124.25 | $122.76 |
| May 14, 2008 | $124.21 | $121.18 |
| May 13, 2008 | $125.83 | $123.11 |
| May 12, 2008 | $124.02 | $122.89 |
| May 9, 2008 | $125.94 | $123.54 |
| May 8, 2008 | $123.77 | $119.85 |
| May 7, 2008 | $123.56 | $120.27 |
| May 6, 2008 | $121.82 | $119.88 |
| May 5, 2008 | $119.94 | $115.68 |
| May 2, 2008 | $116.36 | $111.92 |
| May 1, 2008 | $112.60 | $107.30 |
| Apr 30, 2008 | $113.70 | $111.12 |
| Apr 29, 2008 | $115.67 | $113.86 |
| Apr 28, 2008 | $118.78 | $115.70 |
| Apr 25, 2008 | $119.64 | $116.62 |
| Apr 24, 2008 | $117.10 | $114.85 |
| Apr 23, 2008 | $119.28 | $115.34 |
| Apr 22, 2008 | $119.17 | $113.54 |
| Apr 21, 2008 | $117.48 | $111.35 |
| Apr 18, 2008 | $116.56 | $110.67 |
| Apr 17, 2008 | $114.80 | $111.34 |
| Apr 16, 2008 | $114.80 | $110.95 |
| Apr 15, 2008 | $113.77 | $110.84 |
| Apr 14, 2008 | $111.71 | $108.32 |
| Apr 11, 2008 | $110.14 | $107.15 |
| Apr 10, 2008 | $110.07 | $107.37 |
| Apr 9, 2008 | $110.89 | $107.46 |
| Apr 8, 2008 | $108.54 | $105.05 |
| Apr 7, 2008 | $108.91 | $105.98 |
| Apr 4, 2008 | $106.09 | $102.21 |
| Apr 3, 2008 | $103.92 | $102.31 |
| Apr 2, 2008 | $104.83 | $98.85 |
| Apr 1, 2008 | $100.92 | $98.69 |
| Mar 31, 2008 | $101.54 | $102.33 |
| Mar 28, 2008 | $105.59 | $102.68 |
| Mar 27, 2008 | $107.56 | $103.89 |
| Mar 26, 2008 | $105.83 | $102.83 |
| Mar 25, 2008 | $101.78 | $99.91 |
| Mar 24, 2008 | $101.70 | $100.93 |
| Mar 20, 2008 | $102.57 | $99.78 |
| Mar 19, 2008 | $103.25 | $102.65 |
| Mar 18, 2008 | $109.57 | $105.35 |
| Mar 17, 2008 | $105.74 | $104.41 |
| Mar 14, 2008 | $110.03 | $109.16 |
| Mar 13, 2008 | $110.21 | $109.18 |
| Mar 12, 2008 | $109.86 | $107.99 |
| Mar 11, 2008 | $108.73 | $106.78 |
| Mar 10, 2008 | $107.90 | $105.33 |
| Mar 7, 2008 | $105.12 | $104.66 |
| Mar 6, 2008 | $105.51 | $103.47 |
| Mar 5, 2008 | $104.45 | $100.95 |
| Mar 4, 2008 | $99.72 | $98.60 |
| Mar 3, 2008 | $102.42 | $101.83 |
| Feb 29, 2008 | $101.78 | $100.90 |
| Feb 28, 2008 | $102.60 | $99.83 |
| Feb 27, 2008 | $99.59 | $98.28 |
| Feb 26, 2008 | $100.83 | $99.05 |
| Feb 25, 2008 | $99.40 | $97.43 |
| Feb 22, 2008 | $99.03 | $96.07 |
| Feb 21, 2008 | $98.57 | $97.52 |
| Feb 20, 2008 | $100.86 | $97.88 |
| Feb 19, 2008 | $99.99 | $97.03 |
| Feb 15, 2008 | $95.57 | $96.96 |
| Feb 14, 2008 | $95.42 | $95.92 |
| Feb 13, 2008 | $93.28 | $93.82 |
| Feb 12, 2008 | $92.82 | $94.28 |
| Feb 11, 2008 | $93.56 | $93.93 |
| Feb 8, 2008 | $91.77 | $91.45 |
| Feb 7, 2008 | $88.07 | $88.55 |
| Feb 6, 2008 | $87.16 | $88.73 |
| Feb 5, 2008 | $88.32 | $89.60 |
| Feb 4, 2008 | $90.07 | $91.09 |
| Feb 1, 2008 | $89.03 | $91.41 |
| Jan 31, 2008 | $91.67 | $91.58 |
| Jan 30, 2008 | $92.34 | $92.46 |
| Jan 29, 2008 | $91.66 | $92.49 |
| Jan 28, 2008 | $90.99 | $90.91 |
| Jan 25, 2008 | $90.37 | $90.96 |
| Jan 24, 2008 | $89.98 | $87.69 |
| Jan 23, 2008 | $87.65 | $87.06 |
| Jan 22, 2008 | $89.64 | $88.11 |
| Jan 18, 2008 | $90.55 | $89.66 |
| Jan 17, 2008 | $90.11 | $88.96 |
| Jan 16, 2008 | $90.80 | $88.10 |
| Jan 15, 2008 | $91.87 | $90.87 |
| Jan 14, 2008 | $94.23 | $92.58 |
| Jan 11, 2008 | $92.74 | $91.86 |
| Jan 10, 2008 | $93.92 | $92.80 |
| Jan 9, 2008 | $95.64 | $96.76 |
| Jan 8, 2008 | $96.43 | $96.37 |
| Jan 7, 2008 | $95.08 | $94.19 |
| Jan 4, 2008 | $97.90 | $96.87 |
| Jan 3, 2008 | $99.17 | $98.45 |
| Jan 2, 2008 | $99.64 | $97.01 |
| Dec 31, 2007 | $95.95 | $93.68 |
| Dec 28, 2007 | $96.03 | $95.92 |
| Dec 27, 2007 | $96.63 | $95.66 |
| Dec 26, 2007 | $95.89 | — |
| Dec 24, 2007 | $94.00 | $91.59 |
| Dec 21, 2007 | $93.19 | $91.03 |
| Dec 20, 2007 | $90.88 | $91.06 |
| Dec 19, 2007 | $91.11 | $90.98 |
| Dec 18, 2007 | $89.93 | $90.71 |
| Dec 17, 2007 | $90.69 | $90.32 |
| Dec 14, 2007 | $91.31 | $91.86 |
| Dec 13, 2007 | $92.35 | $92.57 |
| Dec 12, 2007 | $94.41 | $91.69 |
| Dec 11, 2007 | $90.12 | $87.77 |
| Dec 10, 2007 | $87.72 | $87.33 |
| Dec 7, 2007 | $88.23 | $88.46 |
| Dec 6, 2007 | $90.25 | $88.46 |
| Dec 5, 2007 | $87.45 | $90.70 |
| Dec 4, 2007 | $88.31 | $89.97 |
| Dec 3, 2007 | $89.29 | $87.85 |
| Nov 30, 2007 | $88.60 | $88.71 |
| Nov 29, 2007 | $90.98 | $92.34 |
| Nov 28, 2007 | $90.71 | $91.64 |
| Nov 27, 2007 | $94.39 | $93.23 |
| Nov 26, 2007 | $97.66 | $94.88 |
| Nov 23, 2007 | $98.24 | $95.33 |
| Nov 21, 2007 | $98.57 | $94.97 |
| Nov 20, 2007 | $99.16 | $94.13 |
| Nov 19, 2007 | $95.75 | $91.59 |
| Nov 16, 2007 | $94.81 | $91.99 |
| Nov 15, 2007 | $93.37 | $90.32 |
| Nov 14, 2007 | $94.02 | $90.73 |
| Nov 13, 2007 | $91.18 | $89.09 |
| Nov 12, 2007 | $94.40 | $91.56 |
| Nov 9, 2007 | $96.36 | $92.32 |
| Nov 8, 2007 | $95.51 | $94.40 |
| Nov 7, 2007 | $96.46 | $94.85 |
| Nov 6, 2007 | $96.65 | $93.99 |
| Nov 5, 2007 | $94.06 | $92.16 |
| Nov 2, 2007 | $95.81 | $92.11 |
| Nov 1, 2007 | $93.53 | $90.36 |
| Oct 31, 2007 | $94.16 | $89.87 |
| Oct 30, 2007 | $90.33 | $89.87 |
| Oct 29, 2007 | $93.45 | $89.87 |
| Oct 26, 2007 | $91.73 | $84.71 |
| Oct 25, 2007 | $92.09 | $85.40 |
| Oct 24, 2007 | $88.30 | $83.47 |
| Oct 23, 2007 | $86.45 | $82.31 |
| Oct 22, 2007 | $87.60 | $82.72 |
| Oct 19, 2007 | $88.58 | $84.25 |
| Oct 18, 2007 | $89.48 | $85.03 |
| Oct 17, 2007 | $87.19 | $85.24 |
| Oct 16, 2007 | $87.58 | $84.43 |
| Oct 15, 2007 | $86.19 | $82.50 |
| Oct 12, 2007 | $83.73 | $80.82 |
| Oct 11, 2007 | $83.05 | $80.83 |
| Oct 10, 2007 | $81.30 | $77.85 |
| Oct 9, 2007 | $80.23 | $77.82 |
| Oct 8, 2007 | $78.97 | $76.94 |
| Oct 5, 2007 | $81.20 | $79.05 |
| Oct 4, 2007 | $81.48 | $77.84 |
| Oct 3, 2007 | $79.97 | $77.80 |
| Oct 2, 2007 | $80.00 | $76.87 |
| Oct 1, 2007 | $80.31 | $78.33 |
| Sep 28, 2007 | $81.64 | $80.97 |
| Sep 27, 2007 | $82.86 | $78.88 |
| Sep 26, 2007 | $80.31 | $76.21 |
| Sep 25, 2007 | $81.20 | $76.82 |
| Sep 24, 2007 | $82.51 | $77.87 |
| Sep 21, 2007 | $83.38 | $78.91 |
| Sep 20, 2007 | $83.85 | $78.48 |
| Sep 19, 2007 | $81.99 | $78.47 |
| Sep 18, 2007 | $81.51 | $77.00 |
| Sep 17, 2007 | $80.55 | $77.99 |
| Sep 14, 2007 | $79.14 | $78.27 |
| Sep 13, 2007 | $80.05 | $77.84 |
| Sep 12, 2007 | $79.85 | $77.15 |
| Sep 11, 2007 | $78.16 | $76.23 |
| Sep 10, 2007 | $77.53 | $74.97 |
| Sep 7, 2007 | $76.70 | $75.08 |
| Sep 6, 2007 | $76.34 | $76.21 |
| Sep 5, 2007 | $75.74 | $74.72 |
| Sep 4, 2007 | $75.07 | $74.22 |
| Aug 31, 2007 | $73.98 | $72.29 |
| Aug 30, 2007 | $73.37 | $71.46 |
| Aug 29, 2007 | $73.52 | $70.48 |
| Aug 28, 2007 | $71.79 | $69.66 |
| Aug 27, 2007 | $71.98 | $68.85 |
| Aug 24, 2007 | $71.17 | $69.49 |
| Aug 23, 2007 | $69.86 | $68.73 |
| Aug 22, 2007 | $69.30 | $67.73 |
| Aug 21, 2007 | $69.49 | $67.88 |
| Aug 20, 2007 | $71.12 | $68.37 |
| Aug 17, 2007 | $71.90 | $69.80 |
| Aug 16, 2007 | $70.99 | $68.77 |
| Aug 15, 2007 | $73.36 | $71.30 |
| Aug 14, 2007 | $72.40 | $69.29 |
| Aug 13, 2007 | $71.60 | $71.30 |
| Aug 10, 2007 | $71.49 | $69.57 |
| Aug 9, 2007 | $71.62 | $70.08 |
| Aug 8, 2007 | $72.23 | $70.73 |
| Aug 7, 2007 | $72.25 | $70.42 |
| Aug 6, 2007 | $72.03 | $72.69 |
| Aug 3, 2007 | $75.41 | $75.36 |
| Aug 2, 2007 | $76.84 | $76.14 |
| Aug 1, 2007 | $76.49 | $77.11 |
| Jul 31, 2007 | $78.20 | $77.01 |
| Jul 30, 2007 | $76.82 | $76.07 |
| Jul 27, 2007 | $77.03 | $76.58 |
| Jul 26, 2007 | $74.96 | $77.28 |
| Jul 25, 2007 | $75.74 | $75.21 |
| Jul 24, 2007 | $73.38 | $75.88 |
| Jul 23, 2007 | $74.65 | $78.36 |
| Jul 20, 2007 | $75.53 | $79.09 |
| Jul 19, 2007 | $75.90 | $78.37 |
| Jul 18, 2007 | $75.03 | $78.00 |
| Jul 17, 2007 | $74.03 | $77.59 |
| Jul 16, 2007 | $74.11 | $78.17 |
| Jul 13, 2007 | $73.89 | $78.12 |
| Jul 12, 2007 | $72.55 | $78.24 |
| Jul 11, 2007 | $72.58 | $77.44 |
| Jul 10, 2007 | $72.80 | $77.88 |
| Jul 9, 2007 | $72.14 | $77.10 |
| Jul 6, 2007 | $72.80 | $76.58 |
| Jul 5, 2007 | $71.81 | $75.40 |
| Jul 3, 2007 | $71.41 | $74.26 |
| Jul 2, 2007 | $71.11 | $72.90 |
| Jun 29, 2007 | $70.47 | $72.22 |
| Jun 28, 2007 | $69.61 | $71.96 |
| Jun 27, 2007 | $68.98 | $71.84 |
| Jun 26, 2007 | $67.78 | $71.41 |
| Jun 25, 2007 | $68.83 | $71.36 |
| Jun 22, 2007 | $68.85 | $72.04 |
| Jun 21, 2007 | $68.35 | $71.81 |
| Jun 20, 2007 | $68.50 | $70.55 |
| Jun 19, 2007 | $69.15 | $72.17 |
| Jun 18, 2007 | $69.06 | $72.33 |
| Jun 15, 2007 | $68.04 | $71.63 |
| Jun 14, 2007 | $67.62 | $71.18 |
| Jun 13, 2007 | $66.17 | $69.24 |
| Jun 12, 2007 | $65.36 | $68.56 |
| Jun 11, 2007 | $65.93 | $68.85 |
| Jun 8, 2007 | $64.78 | $70.04 |
| Jun 7, 2007 | $66.93 | $72.36 |
| Jun 6, 2007 | $65.97 | $71.50 |
| Jun 5, 2007 | $65.63 | $71.36 |
| Jun 4, 2007 | $66.17 | $70.90 |
| Jun 1, 2007 | $65.09 | $68.65 |
| May 31, 2007 | $64.02 | $68.18 |
| May 30, 2007 | $63.47 | $67.64 |
| May 29, 2007 | $63.19 | $69.31 |
| May 25, 2007 | $64.59 | $70.72 |
| May 24, 2007 | $63.62 | $71.96 |
| May 23, 2007 | $65.10 | $71.01 |
| May 22, 2007 | $64.91 | $70.05 |
| May 21, 2007 | $66.25 | $69.51 |
| May 18, 2007 | $64.93 | $69.26 |
| May 17, 2007 | $64.83 | $69.08 |
| May 16, 2007 | $62.57 | $66.83 |
| May 15, 2007 | $63.16 | $66.74 |
| May 14, 2007 | $62.55 | $65.86 |
| May 11, 2007 | $62.35 | $65.18 |
| May 10, 2007 | $61.85 | $64.63 |
| May 9, 2007 | $61.54 | $63.50 |
| May 8, 2007 | $62.26 | $63.55 |
| May 7, 2007 | $61.48 | $62.70 |
| May 4, 2007 | $61.89 | $65.14 |
| May 3, 2007 | $63.23 | $64.85 |
| May 2, 2007 | $63.78 | $65.57 |
| May 1, 2007 | $64.43 | $67.40 |
| Apr 30, 2007 | $65.78 | $67.23 |
| Apr 27, 2007 | $66.45 | $67.28 |
| Apr 26, 2007 | $65.08 | $67.51 |
| Apr 25, 2007 | $65.33 | $67.44 |
| Apr 24, 2007 | $64.10 | $67.94 |
| Apr 23, 2007 | $65.33 | $66.80 |
| Apr 20, 2007 | $63.56 | $66.34 |
| Apr 19, 2007 | $61.81 | $66.17 |
| Apr 18, 2007 | $63.14 | $65.09 |
| Apr 17, 2007 | $63.14 | $66.34 |
| Apr 16, 2007 | $63.63 | $67.10 |
| Apr 13, 2007 | $63.63 | $68.78 |
| Apr 12, 2007 | $63.87 | $67.79 |
| Apr 11, 2007 | $61.98 | $68.60 |
| Apr 10, 2007 | $61.92 | $67.64 |
| Apr 9, 2007 | $61.51 | — |
| Apr 5, 2007 | $64.26 | $69.15 |
| Apr 4, 2007 | $64.40 | $68.09 |
| Apr 3, 2007 | $64.59 | $68.00 |
| Apr 2, 2007 | $66.03 | $68.94 |
| Mar 30, 2007 | $65.94 | $68.47 |
| Mar 29, 2007 | $66.10 | $67.19 |
| Mar 28, 2007 | $64.11 | $66.15 |
| Mar 27, 2007 | $62.98 | $64.25 |
| Mar 26, 2007 | $61.77 | $64.43 |
| Mar 23, 2007 | $61.07 | $63.10 |
| Mar 22, 2007 | $60.21 | $61.57 |
| Mar 21, 2007 | $56.98 | $60.18 |
| Mar 20, 2007 | $56.41 | $60.11 |
| Mar 19, 2007 | $56.65 | $60.49 |
| Mar 16, 2007 | $57.06 | $60.93 |
| Mar 15, 2007 | $57.52 | $60.40 |
| Mar 14, 2007 | $58.15 | $60.89 |
| Mar 13, 2007 | $58.03 | $61.52 |
| Mar 12, 2007 | $58.94 | $60.59 |
| Mar 9, 2007 | $60.06 | $60.25 |
| Mar 8, 2007 | $61.63 | $60.90 |
| Mar 7, 2007 | $61.85 | $61.13 |
| Mar 6, 2007 | $60.66 | $59.68 |
| Mar 5, 2007 | $60.05 | $59.78 |
| Mar 2, 2007 | $61.58 | $61.92 |
| Mar 1, 2007 | $61.97 | $61.18 |
| Feb 28, 2007 | $61.78 | $59.39 |
| Feb 27, 2007 | $61.46 | $60.28 |
| Feb 26, 2007 | $61.41 | $60.34 |
| Feb 23, 2007 | $60.28 | $60.38 |
| Feb 22, 2007 | $60.28 | $58.62 |
| Feb 21, 2007 | $59.40 | $57.74 |
| Feb 20, 2007 | $58.32 | $55.91 |
| Feb 16, 2007 | $59.38 | $56.78 |
| Feb 15, 2007 | $57.92 | $54.25 |
| Feb 14, 2007 | $58.00 | $55.05 |
| Feb 13, 2007 | $58.98 | $56.12 |
| Feb 12, 2007 | $57.76 | $55.52 |
| Feb 9, 2007 | $59.86 | $57.21 |
| Feb 8, 2007 | $59.76 | $57.24 |
| Feb 7, 2007 | $57.75 | $58.35 |
| Feb 6, 2007 | $58.91 | $58.04 |
| Feb 5, 2007 | $58.69 | $58.67 |
| Feb 2, 2007 | $59.01 | $56.93 |
| Feb 1, 2007 | $57.35 | $56.74 |
| Jan 31, 2007 | $58.17 | $56.52 |
| Jan 30, 2007 | $57.03 | $54.69 |
| Jan 29, 2007 | $54.01 | $54.71 |
| Jan 26, 2007 | $55.38 | $55.29 |
| Jan 25, 2007 | $53.49 | $55.67 |
| Jan 24, 2007 | $54.24 | $55.11 |
| Jan 23, 2007 | $53.61 | $53.93 |
| Jan 22, 2007 | $51.11 | $54.34 |
| Jan 19, 2007 | $51.98 | $52.29 |
| Jan 18, 2007 | $50.51 | $50.83 |
| Jan 17, 2007 | $52.30 | $51.19 |
| Jan 16, 2007 | $51.23 | $51.28 |
| Jan 12, 2007 | $52.96 | $49.95 |
| Jan 11, 2007 | $51.91 | $51.68 |
| Jan 10, 2007 | $53.95 | $52.11 |
| Jan 9, 2007 | $55.65 | $52.38 |
| Jan 8, 2007 | $56.08 | $52.82 |
| Jan 5, 2007 | $56.29 | $52.82 |
| Jan 4, 2007 | $55.65 | $54.58 |
| Jan 3, 2007 | $58.31 | $56.63 |
| Jan 2, 2007 | $60.77 | $58.49 |
Context
EIA attributed the run-up to record prices in July 2008 to strong global demand and low surplus production capacity.[1] Its 2006 analysis had already noted demand growth outpacing non-OPEC supply, China accounting for a third of world demand growth from 2003 to 2005, and spare production capacity of about 1.0–1.3 million barrels per day, down from 5.6 million in 2002.[2]
Research published by EIA in 2011 found evidence that stagnant supply, unexpected growth in China and other countries, low interest rates and a weak dollar were associated with, and may have contributed to, both the run-up and the decline, and some evidence that a price bubble may have amplified them; the role of speculation remained undetermined.[3]
By October 2008 EIA cited the economic slowdown, the demand response to very high prices, higher Saudi output and credit market problems.[1] The recession that began in December 2007 lasted until June 2009.[5] OPEC announced production cuts in November and December 2008, which had not yet lifted prices substantially by January 2009.[4]
Brent peaked at $143.95 on Jul 3, 2008 and fell to $33.73 by Dec 26, 2008. On dates when both were published, Brent averaged −$0.98 against WTI over the window, ranging from −$22.18 to +$13.20. The largest one-day moves in WTI were a rise of $18.56 on Sep 22, 2008 and a fall of $14.76 on Sep 23, 2008, each measured against the previous published price. WTI was at or above $100 on 146 published days in the window.
Adjusted with CPI-U to September 2026 dollars, WTI's high in the window was $222.59 (Jul 3, 2008) and its lowest positive price $48.53 (Dec 23, 2008). Annual averages: 2007 $72.34 (+9.5% on 2006); 2008 $99.67 (+37.8% on 2007); 2009 $61.95 (−37.8% on 2008).
Monthly averages
| Month | WTI | vs prior month | Brent | WTI real |
|---|---|---|---|---|
| January 2007 | $54.51 | — | $53.68 | $90.74 |
| February 2007 | $59.28 | +8.8% | $57.56 | $98.15 |
| March 2007 | $60.44 | +2.0% | $62.05 | $99.17 |
| April 2007 | $63.98 | +5.9% | $67.49 | $104.30 |
| May 2007 | $63.46 | −0.8% | $67.21 | $102.82 |
| June 2007 | $67.49 | +6.4% | $71.05 | $109.14 |
| July 2007 | $74.12 | +9.8% | $76.93 | $119.89 |
| August 2007 | $72.36 | −2.4% | $70.76 | $117.26 |
| September 2007 | $79.92 | +10.4% | $77.17 | $129.16 |
| October 2007 | $85.80 | +7.4% | $82.34 | $138.37 |
| November 2007 | $94.77 | +10.5% | $92.41 | $151.93 |
| December 2007 | $91.69 | −3.2% | $90.93 | $147.09 |
| January 2008 | $92.97 | +1.4% | $92.18 | $148.40 |
| February 2008 | $95.39 | +2.6% | $94.99 | $151.83 |
| March 2008 | $105.45 | +10.5% | $103.64 | $166.40 |
| April 2008 | $112.58 | +6.8% | $109.07 | $176.58 |
| May 2008 | $125.40 | +11.4% | $122.80 | $195.04 |
| June 2008 | $133.88 | +6.8% | $132.32 | $206.15 |
| July 2008 | $133.37 | −0.4% | $132.72 | $204.30 |
| August 2008 | $116.67 | −12.5% | $113.24 | $179.43 |
| September 2008 | $104.11 | −10.8% | $97.23 | $160.34 |
| October 2008 | $76.61 | −26.4% | $71.58 | $119.19 |
| November 2008 | $57.31 | −25.2% | $52.45 | $90.90 |
| December 2008 | $41.12 | −28.2% | $39.95 | $65.90 |
| January 2009 | $41.71 | +1.4% | $43.44 | $66.56 |
| February 2009 | $39.09 | −6.3% | $43.32 | $62.07 |
| March 2009 | $47.94 | +22.6% | $46.54 | $75.94 |
| April 2009 | $49.65 | +3.6% | $50.18 | $78.45 |
| May 2009 | $59.03 | +18.9% | $57.30 | $93.00 |
| June 2009 | $69.64 | +18.0% | $68.61 | $108.79 |
Linked months have their own page with daily prices (months with at least 15 published WTI prices).
Year pages: Oil prices in 2007 · Oil prices in 2008 · Oil prices in 2009
Sources for the context above
- Short-Term Energy Outlook, October 2008 — U.S. Energy Information Administration
- STEO Supplement: Why are oil prices so high? — U.S. Energy Information Administration
- Factors Influencing Oil Prices: A Survey of the Current State of Knowledge in the Context of the 2007-08 Oil Price Volatility — Ederington, Fernando, Lee, Linn and May (2011), research paper published by EIA; views are the authors'
- Short-Term Energy Outlook, January 2009 — U.S. Energy Information Administration
- The Great Recession — Federal Reserve History
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Jan 2, 2007 – Jun 30, 2009 | Jun 30, 2009 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jan 2, 2007 – Jun 30, 2009 | Jun 30, 2009 |
| 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.