Oil Prices in June 1989: WTI & Brent Daily Prices and Monthly Average
WTI averaged $20.05 per barrel in June 1989, little changed from May 1989 ($20.12). A year earlier, in June 1988, it averaged $16.53, so the price was higher by $3.52 (21.3%) year over year.
Daily spot prices, June 1989
Chart data table (22 rows; WTI on 22, Brent on 22)
| Period | WTI | Brent |
|---|---|---|
| Jun 30, 1989 | $20.29 | $18.28 |
| Jun 29, 1989 | $20.27 | $18.20 |
| Jun 28, 1989 | $20.04 | $18.00 |
| Jun 27, 1989 | $20.38 | $18.20 |
| Jun 26, 1989 | $20.28 | $18.23 |
| Jun 23, 1989 | $19.71 | $18.03 |
| Jun 22, 1989 | $19.53 | $17.30 |
| Jun 21, 1989 | $19.74 | $17.13 |
| Jun 20, 1989 | $19.88 | $16.88 |
| Jun 19, 1989 | $20.88 | $16.85 |
| Jun 16, 1989 | $19.98 | $16.65 |
| Jun 15, 1989 | $20.56 | $16.95 |
| Jun 14, 1989 | $20.37 | $16.90 |
| Jun 13, 1989 | $19.50 | $16.80 |
| Jun 12, 1989 | $19.30 | $17.18 |
| Jun 9, 1989 | $19.87 | $17.95 |
| Jun 8, 1989 | $19.94 | $17.80 |
| Jun 7, 1989 | $19.70 | $18.15 |
| Jun 6, 1989 | $20.38 | $18.50 |
| Jun 5, 1989 | $20.50 | $18.55 |
| Jun 2, 1989 | $20.18 | $18.15 |
| Jun 1, 1989 | $19.83 | $18.08 |
Prices dipped to $19.30 on Jun 12, 1989, then climbed to $20.88 on Jun 19, 1989 and ended at $20.29. The largest one-day move was −$1.00 on Jun 20, 1989 (−4.8%).
Brent averaged $17.67, on matched dates $2.38 below WTI on average across 22 dates.
Among the 41 June averages EIA has published, 1989's ranks 10th lowest. Within 1989 it ranks 5th highest of the 12 monthly averages. In October 2026 dollars (CPI-U), the average equals $54.53 and the high of $20.88 equals $56.79.
June 1989 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $20.05 | $17.67 |
| Change vs May 1989 | −$0.07 | −$0.96 |
| Change vs June 1988 | +$3.52 | +$2.13 |
| Highest daily price | $20.88 Jun 19, 1989 | $18.55 Jun 5, 1989 |
| Lowest daily price | $19.30 Jun 12, 1989 | $16.65 Jun 16, 1989 |
| Published daily observations | 22 | 22 |
| Average in October 2026 dollars (CPI-U) | $54.53 | $48.06 |
Monthly averages are EIA's published figures. Real figures use CPI-U for June 1989.
June in other years
| Year | WTI average | vs June 1989 | Real |
|---|---|---|---|
| 2026 | $84.81 | +323.0% | $85.71 |
| 2025 | $68.17 | +240.0% | $71.33 |
| 2024 | $79.77 | +297.9% | $85.70 |
| 2023 | $70.25 | +250.4% | $77.71 |
| 2022 | $114.84 | +472.8% | $130.81 |
| 2021 | $71.38 | +256.0% | $88.67 |
| 2020 | $38.31 | +91.1% | $50.16 |
| 2019 | $54.66 | +172.6% | $72.02 |
| 2018 | $67.87 | +238.5% | $90.90 |
| 2017 | $45.18 | +125.3% | $62.25 |
| 2016 | $48.76 | +143.2% | $68.28 |
| 2015 | $59.82 | +198.4% | $84.60 |
| 2014 | $105.79 | +427.6% | $149.81 |
| 2013 | $95.77 | +377.7% | $138.43 |
| 2012 | $82.30 | +310.5% | $121.04 |
| 2011 | $96.26 | +380.1% | $143.93 |
| 2010 | $75.34 | +275.8% | $116.66 |
| 2009 | $69.64 | +247.3% | $108.97 |
| 2008 | $133.88 | +567.7% | $206.50 |
| 2007 | $67.49 | +236.6% | $109.33 |
| 2006 | $70.95 | +253.9% | $118.02 |
| 2005 | $56.35 | +181.0% | $97.78 |
| 2004 | $38.03 | +89.7% | $67.66 |
| 2003 | $30.66 | +52.9% | $56.33 |
| 2002 | $25.52 | +27.3% | $47.88 |
| 2001 | $27.60 | +37.7% | $52.33 |
| 2000 | $31.82 | +58.7% | $62.29 |
| 1999 | $17.92 | −10.6% | $36.39 |
| 1998 | $13.72 | −31.6% | $28.41 |
| 1997 | $19.26 | −3.9% | $40.55 |
| 1996 | $20.42 | +1.8% | $43.98 |
| 1995 | $18.45 | −8.0% | $40.83 |
| 1994 | $19.06 | −4.9% | $43.47 |
| 1993 | $19.09 | −4.8% | $44.62 |
| 1992 | $22.39 | +11.7% | $53.90 |
| 1991 | $20.19 | +0.7% | $50.11 |
| 1990 | $16.70 | −16.7% | $43.39 |
| 1989 | $20.05 | — | $54.53 |
| 1988 | $16.53 | −17.6% | $47.28 |
| 1987 | $20.07 | +0.1% | $59.68 |
| 1986 | $13.43 | −33.0% | $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 1989.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Jun 1, 1989 – Jun 30, 1989 | Jun 30, 1989 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jun 1, 1989 – Jun 30, 1989 | Jun 30, 1989 |
| 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:1989 daily prices (CSV)