Oil Prices in February 1991: WTI & Brent Daily Prices and Monthly Average
WTI's monthly average fell to $20.48 in February 1991, down $4.75 (18.8%) from January 1991. A year earlier, in February 1990, it averaged $22.11, so the price was lower by $1.63 (7.4%) year over year.
Daily spot prices, February 1991
Chart data table (20 rows; WTI on 20, Brent on 20)
| Period | WTI | Brent |
|---|---|---|
| Feb 28, 1991 | $19.28 | $19.50 |
| Feb 27, 1991 | $19.03 | $18.65 |
| Feb 26, 1991 | $18.48 | $18.00 |
| Feb 25, 1991 | $17.43 | $17.83 |
| Feb 22, 1991 | $17.43 | $17.80 |
| Feb 21, 1991 | $18.48 | $18.55 |
| Feb 20, 1991 | $20.18 | $18.75 |
| Feb 19, 1991 | $20.08 | $17.85 |
| Feb 18, 1991 | $20.73 | $17.68 |
| Feb 15, 1991 | $20.73 | $18.35 |
| Feb 14, 1991 | $22.25 | $20.50 |
| Feb 13, 1991 | $22.38 | $21.00 |
| Feb 12, 1991 | $22.78 | $21.10 |
| Feb 11, 1991 | $22.44 | $21.23 |
| Feb 8, 1991 | $21.78 | $20.65 |
| Feb 7, 1991 | $21.33 | $20.90 |
| Feb 6, 1991 | $21.48 | $20.93 |
| Feb 5, 1991 | $20.70 | $20.20 |
| Feb 4, 1991 | $21.23 | $20.45 |
| Feb 1, 1991 | $21.33 | $20.80 |
Prices peaked at $22.78 on Feb 12, 1991, then fell to $17.43 on Feb 22, 1991 and ended at $19.28. The largest one-day move was −$1.70 on Feb 21, 1991 (−8.4%).
Brent averaged $19.54, within a dollar of WTI on average across the 20 dates when both were published.
Among the 41 February averages EIA has published, 1991's ranks 12th lowest. Within 1991 it ranks 4th lowest of the 12 monthly averages. WTI moved 5% or more from the previous published price on 4 days. In October 2026 dollars (CPI-U), the average equals $51.28 and the high of $22.78 equals $57.04.
February 1991 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $20.48 | $19.54 |
| Change vs January 1991 | −$4.75 | −$4.03 |
| Change vs February 1990 | −$1.63 | −$0.27 |
| Highest daily price | $22.78 Feb 12, 1991 | $21.23 Feb 11, 1991 |
| Lowest daily price | $17.43 Feb 22, 1991 | $17.68 Feb 18, 1991 |
| Published daily observations | 20 | 20 |
| Average in October 2026 dollars (CPI-U) | $51.28 | $48.92 |
Monthly averages are EIA's published figures. Real figures use CPI-U for February 1991.
February in other years
| Year | WTI average | vs February 1991 | Real |
|---|---|---|---|
| 2026 | $64.51 | +215.0% | $66.63 |
| 2025 | $71.53 | +249.3% | $75.66 |
| 2024 | $77.25 | +277.2% | $84.02 |
| 2023 | $76.83 | +275.1% | $86.20 |
| 2022 | $91.64 | +347.5% | $109.02 |
| 2021 | $59.04 | +188.3% | $75.76 |
| 2020 | $50.54 | +146.8% | $65.94 |
| 2019 | $54.95 | +168.3% | $73.37 |
| 2018 | $62.23 | +203.9% | $84.35 |
| 2017 | $53.47 | +161.1% | $74.08 |
| 2016 | $30.32 | +48.0% | $43.16 |
| 2015 | $50.58 | +147.0% | $72.73 |
| 2014 | $100.82 | +392.3% | $144.93 |
| 2013 | $95.31 | +365.4% | $138.56 |
| 2012 | $102.20 | +399.0% | $151.51 |
| 2011 | $88.58 | +332.5% | $135.09 |
| 2010 | $76.39 | +273.0% | $118.96 |
| 2009 | $39.09 | +90.9% | $62.18 |
| 2008 | $95.39 | +365.8% | $152.08 |
| 2007 | $59.28 | +189.5% | $98.32 |
| 2006 | $61.63 | +200.9% | $104.68 |
| 2005 | $48.15 | +135.1% | $84.73 |
| 2004 | $34.69 | +69.4% | $62.88 |
| 2003 | $35.83 | +75.0% | $66.05 |
| 2002 | $20.72 | +1.2% | $39.33 |
| 2001 | $29.61 | +44.6% | $56.85 |
| 2000 | $29.37 | +43.4% | $58.38 |
| 1999 | $12.01 | −41.4% | $24.64 |
| 1998 | $16.06 | −21.6% | $33.48 |
| 1997 | $22.18 | +8.3% | $46.90 |
| 1996 | $19.09 | −6.8% | $41.60 |
| 1995 | $18.57 | −9.3% | $41.53 |
| 1994 | $14.78 | −27.8% | $34.00 |
| 1993 | $20.09 | −1.9% | $47.38 |
| 1992 | $19.01 | −7.2% | $46.29 |
| 1991 | $20.48 | — | $51.28 |
| 1990 | $22.11 | +8.0% | $58.30 |
| 1989 | $17.94 | −12.4% | $49.79 |
| 1988 | $16.80 | −18.0% | $48.88 |
| 1987 | $17.75 | −13.3% | $53.68 |
| 1986 | $15.46 | −24.5% | $47.74 |
“—” 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 February 1991.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Feb 1, 1991 – Feb 28, 1991 | Feb 28, 1991 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Feb 1, 1991 – Feb 28, 1991 | Feb 28, 1991 |
| 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:1991 daily prices (CSV)