Oil Prices in June 1988: WTI & Brent Daily Prices and Monthly Average
WTI averaged $16.53 per barrel in June 1988, down $0.89 (5.1%) from May 1988. A year earlier, in June 1987, it averaged $20.07, so the price was lower by $3.54 (17.6%) year over year.
Daily spot prices, June 1988
Chart data table (22 rows; WTI on 22, Brent on 22)
| Period | WTI | Brent |
|---|---|---|
| Jun 30, 1988 | $15.20 | $14.18 |
| Jun 29, 1988 | $15.37 | $14.55 |
| Jun 28, 1988 | $16.01 | $14.83 |
| Jun 27, 1988 | $15.86 | $14.93 |
| Jun 24, 1988 | $16.03 | $15.15 |
| Jun 23, 1988 | $15.86 | $15.18 |
| Jun 22, 1988 | $16.03 | $15.13 |
| Jun 21, 1988 | $15.82 | $15.00 |
| Jun 20, 1988 | $16.02 | $15.00 |
| Jun 17, 1988 | $16.43 | $15.48 |
| Jun 16, 1988 | $16.62 | $15.43 |
| Jun 15, 1988 | $16.56 | $15.70 |
| Jun 14, 1988 | $16.85 | $15.85 |
| Jun 13, 1988 | $16.43 | $15.53 |
| Jun 10, 1988 | $16.70 | $15.85 |
| Jun 9, 1988 | $17.09 | $16.30 |
| Jun 8, 1988 | $17.35 | $16.28 |
| Jun 7, 1988 | $17.32 | $16.23 |
| Jun 6, 1988 | $17.28 | $16.25 |
| Jun 3, 1988 | $17.51 | $16.45 |
| Jun 2, 1988 | $17.67 | $16.33 |
| Jun 1, 1988 | $17.60 | $16.33 |
Prices fell over the month, from $17.60 on Jun 1, 1988 to $15.20 on Jun 30, 1988.
Brent averaged $15.54, within a dollar of WTI on average across the 22 dates when both were published.
Among the 41 June averages EIA has published, 1988's ranks 3rd lowest. Within 1988 it ranks 5th highest of the 12 monthly averages. The high was $17.67 on Jun 2, 1988 and the low $15.20 on Jun 30, 1988. In October 2026 dollars (CPI-U), the average equals $47.28 and the high of $17.67 equals $50.54.
June 1988 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $16.53 | $15.54 |
| Change vs May 1988 | −$0.89 | −$0.77 |
| Change vs June 1987 | −$3.54 | −$3.32 |
| Highest daily price | $17.67 Jun 2, 1988 | $16.45 Jun 3, 1988 |
| Lowest daily price | $15.20 Jun 30, 1988 | $14.18 Jun 30, 1988 |
| Published daily observations | 22 | 22 |
| Average in October 2026 dollars (CPI-U) | $47.28 | $44.45 |
Monthly averages are EIA's published figures. Real figures use CPI-U for June 1988.
June in other years
| Year | WTI average | vs June 1988 | Real |
|---|---|---|---|
| 2026 | $84.81 | +413.1% | $85.71 |
| 2025 | $68.17 | +312.4% | $71.33 |
| 2024 | $79.77 | +382.6% | $85.70 |
| 2023 | $70.25 | +325.0% | $77.71 |
| 2022 | $114.84 | +594.7% | $130.81 |
| 2021 | $71.38 | +331.8% | $88.67 |
| 2020 | $38.31 | +131.8% | $50.16 |
| 2019 | $54.66 | +230.7% | $72.02 |
| 2018 | $67.87 | +310.6% | $90.90 |
| 2017 | $45.18 | +173.3% | $62.25 |
| 2016 | $48.76 | +195.0% | $68.28 |
| 2015 | $59.82 | +261.9% | $84.60 |
| 2014 | $105.79 | +540.0% | $149.81 |
| 2013 | $95.77 | +479.4% | $138.43 |
| 2012 | $82.30 | +397.9% | $121.04 |
| 2011 | $96.26 | +482.3% | $143.93 |
| 2010 | $75.34 | +355.8% | $116.66 |
| 2009 | $69.64 | +321.3% | $108.97 |
| 2008 | $133.88 | +709.9% | $206.50 |
| 2007 | $67.49 | +308.3% | $109.33 |
| 2006 | $70.95 | +329.2% | $118.02 |
| 2005 | $56.35 | +240.9% | $97.78 |
| 2004 | $38.03 | +130.1% | $67.66 |
| 2003 | $30.66 | +85.5% | $56.33 |
| 2002 | $25.52 | +54.4% | $47.88 |
| 2001 | $27.60 | +67.0% | $52.33 |
| 2000 | $31.82 | +92.5% | $62.29 |
| 1999 | $17.92 | +8.4% | $36.39 |
| 1998 | $13.72 | −17.0% | $28.41 |
| 1997 | $19.26 | +16.5% | $40.55 |
| 1996 | $20.42 | +23.5% | $43.98 |
| 1995 | $18.45 | +11.6% | $40.83 |
| 1994 | $19.06 | +15.3% | $43.47 |
| 1993 | $19.09 | +15.5% | $44.62 |
| 1992 | $22.39 | +35.5% | $53.90 |
| 1991 | $20.19 | +22.1% | $50.11 |
| 1990 | $16.70 | +1.0% | $43.39 |
| 1989 | $20.05 | +21.3% | $54.53 |
| 1988 | $16.53 | — | $47.28 |
| 1987 | $20.07 | +21.4% | $59.68 |
| 1986 | $13.43 | −18.8% | $41.40 |
“—” in the real column means BLS has published no CPI-U for that month. The comparison column shows how far that year's average was from June 1988.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Jun 1, 1988 – Jun 30, 1988 | Jun 30, 1988 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jun 1, 1988 – Jun 30, 1988 | Jun 30, 1988 |
| U.S. Bureau of Labor Statistics | CUUR0000SA0 — CPI-U, all items, NSA | index, 1982–84=100 | monthly | October 2026 |
Last updated: Nov 10, 2026, 7:01 PM CST. Raw values are shown in source units; any conversion is labeled. See methodology and data sources.
Download:1988 daily prices (CSV)