Oil Prices in November 1989: WTI & Brent Daily Prices and Monthly Average
WTI averaged $19.86 per barrel in November 1989, little changed from October 1989 ($20.10). The average was 40% above the $14.14 of November 1988.
Daily spot prices, November 1989
Chart data table (22 rows; WTI on 22, Brent on 22)
| Period | WTI | Brent |
|---|---|---|
| Nov 30, 1989 | $19.87 | $18.48 |
| Nov 29, 1989 | $19.40 | $18.15 |
| Nov 28, 1989 | $19.33 | $18.23 |
| Nov 27, 1989 | $19.65 | $18.50 |
| Nov 24, 1989 | $19.84 | $18.48 |
| Nov 23, 1989 | $19.80 | $18.40 |
| Nov 22, 1989 | $19.80 | $18.60 |
| Nov 21, 1989 | $20.52 | $18.68 |
| Nov 20, 1989 | $20.13 | $18.80 |
| Nov 17, 1989 | $19.93 | $18.75 |
| Nov 16, 1989 | $19.88 | $18.65 |
| Nov 15, 1989 | $19.69 | $18.65 |
| Nov 14, 1989 | $19.58 | $18.70 |
| Nov 13, 1989 | $19.62 | $18.85 |
| Nov 10, 1989 | $19.84 | $19.05 |
| Nov 9, 1989 | $19.62 | $18.85 |
| Nov 8, 1989 | $19.97 | $18.90 |
| Nov 7, 1989 | $19.97 | $18.90 |
| Nov 6, 1989 | $20.06 | $18.95 |
| Nov 3, 1989 | $20.23 | $19.00 |
| Nov 2, 1989 | $20.01 | $19.20 |
| Nov 1, 1989 | $20.09 | $19.23 |
Prices peaked at $20.52 on Nov 21, 1989, then fell to $19.33 on Nov 28, 1989 and ended at $19.87.
Brent averaged $18.73, on matched dates $1.13 below WTI on average across 22 dates.
Among the 40 November averages EIA has published, 1989's ranks 9th lowest. Within 1989 it ranks 6th highest of the 12 monthly averages. In October 2026 dollars (CPI-U), the average equals $53.24 and the high of $20.52 equals $55.01.
November 1989 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $19.86 | $18.73 |
| Change vs October 1989 | −$0.24 | −$0.18 |
| Change vs November 1988 | +$5.72 | +$5.71 |
| Highest daily price | $20.52 Nov 21, 1989 | $19.23 Nov 1, 1989 |
| Lowest daily price | $19.33 Nov 28, 1989 | $18.15 Nov 29, 1989 |
| Published daily observations | 22 | 22 |
| Average in October 2026 dollars (CPI-U) | $53.24 | $50.21 |
Monthly averages are EIA's published figures. Real figures use CPI-U for November 1989.
November in other years
| Year | WTI average | vs November 1989 | Real |
|---|---|---|---|
| 2026 (to date) | $99.85 | +402.8% | — |
| 2025 | $60.06 | +202.4% | $62.54 |
| 2024 | $69.95 | +252.2% | $74.83 |
| 2023 | $77.69 | +291.2% | $85.40 |
| 2022 | $84.37 | +324.8% | $95.65 |
| 2021 | $79.15 | +298.5% | $96.11 |
| 2020 | $40.94 | +106.1% | $53.10 |
| 2019 | $57.03 | +187.2% | $74.84 |
| 2018 | $56.96 | +186.8% | $76.28 |
| 2017 | $56.64 | +185.2% | $77.50 |
| 2016 | $45.66 | +129.9% | $63.85 |
| 2015 | $42.44 | +113.7% | $60.35 |
| 2014 | $75.79 | +281.6% | $108.32 |
| 2013 | $93.86 | +372.6% | $135.92 |
| 2012 | $86.53 | +335.7% | $126.86 |
| 2011 | $97.16 | +389.2% | $144.95 |
| 2010 | $84.25 | +324.2% | $129.96 |
| 2009 | $77.99 | +292.7% | $121.68 |
| 2008 | $57.31 | +188.6% | $91.06 |
| 2007 | $94.77 | +377.2% | $152.19 |
| 2006 | $59.08 | +197.5% | $98.96 |
| 2005 | $58.32 | +193.7% | $99.61 |
| 2004 | $48.47 | +144.1% | $85.65 |
| 2003 | $31.11 | +56.6% | $56.91 |
| 2002 | $26.35 | +32.7% | $49.05 |
| 2001 | $19.64 | −1.1% | $37.37 |
| 2000 | $34.42 | +73.3% | $66.73 |
| 1999 | $25.00 | +25.9% | $50.14 |
| 1998 | $13.00 | −34.5% | $26.75 |
| 1997 | $20.19 | +1.7% | $42.19 |
| 1996 | $23.71 | +19.4% | $50.46 |
| 1995 | $17.99 | −9.4% | $39.53 |
| 1994 | $18.07 | −9.0% | $40.74 |
| 1993 | $16.61 | −16.4% | $38.45 |
| 1992 | $20.34 | +2.4% | $48.34 |
| 1991 | $22.46 | +13.1% | $55.01 |
| 1990 | $32.33 | +62.8% | $81.55 |
| 1989 | $19.86 | — | $53.24 |
| 1988 | $14.14 | −28.8% | $39.67 |
| 1987 | $18.85 | −5.1% | $55.13 |
| 1986 | $15.22 | −23.4% | $46.53 |
“—” 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 November 1989.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Nov 1, 1989 – Nov 30, 1989 | Nov 30, 1989 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Nov 1, 1989 – Nov 30, 1989 | Nov 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)