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Oil Prices in 1992: WTI & Brent History and Monthly Averages

WTI average
$20.58
EIA annual average
WTI vs prior year
−4.5%
1991: $21.54
Brent average
$19.32
EIA annual average
Brent vs prior year
−3.6%
1991: $20.04

WTI averaged $20.58 per barrel in 1992, down $0.96 (4.5%) from 1991; that was the lowest annual average since 1989.

Monthly average prices in 1992

Monthly averages and daily ranges, 1992 ($/bbl)
MonthWTI avgWTI highWTI lowBrent avgBrent − WTI (matched dates)WTI (September 2026 $)Brent (September 2026 $)
January$18.79$19.43$17.89$18.16−$0.62$45.84$44.31
February$19.01$19.91$18.14$18.05−$0.96$46.21$43.88
March$18.92$19.49$18.36$17.63−$1.29$45.76$42.64
April$20.23$20.88$19.79$18.92−$1.31$48.86$45.70
May$20.98$22.13$20.12$19.89−$1.09$50.60$47.97
June$22.39$23.03$21.84$21.16−$1.23$53.81$50.85
July$21.78$22.11$21.25$20.24−$1.54$52.23$48.54
August$21.34$21.85$21.00$19.74−$1.60$51.03$47.21
September$21.88$22.39$21.51$20.27−$1.61$52.17$48.34
October$21.69$22.37$20.68$20.26−$1.42$51.54$48.14
November$20.34$20.77$19.91$19.21−$1.11$48.26$45.58
December$19.41$19.97$18.69$18.14−$1.26$46.09$43.07

Monthly averages are EIA's published figures. Brent − WTI is the average over dates with both prices published, so it can differ from the difference between the two monthly averages. Inflation-adjusted columns use CPI-U for each month, expressed in September 2026 dollars; “—” means CPI-U for that month is not available.

From $17.89 on Jan 9, 1992, WTI climbed to $23.03 by Jun 24, 1992, a 29% gain. It was below $20 on 93 days. The steepest fall within the year ran from $23.03 on Jun 24, 1992 to $18.69 on Dec 8, 1992, a 19% drop. Between May and June the monthly average rose $1.41, the largest month-to-month change of the year.

Brent traded below WTI throughout 1992: its monthly average was lower in every month, and on the 256 matched dates it averaged $1.26 less. Brent averaged $19.32, down $0.72 (3.6%) from 1991.

The monthly average was lowest in January ($18.79) and highest in June ($22.39). In September 2026 dollars (CPI-U), the 1992 average is $49.42, lower than 2025's real average by $19.01 (27.8%). The 1990s as a whole averaged $19.70, so 1992 ran above its decade. Of 40 complete years with an EIA annual average, 1992 ranks 10th lowest.

1992 summary statistics

MeasureWTIBrentBrent − WTI
Average$20.58$19.32−$1.26
Change vs 1991 average−$0.96−$0.72+$0.25
Highest daily price$23.03 Jun 24, 1992$21.55 Jun 24, 1992—
Lowest daily price$17.89 Jan 9, 1992$17.05 Mar 3, 1992—
Highest daily spread——−$0.17 Jan 14, 1992
Lowest daily spread——−$2.20 Aug 24, 1992
First observation$19.43 Jan 2, 1992$18.45 Jan 2, 1992—
Last observation$19.49 Dec 31, 1992$17.85 Dec 31, 1992—
Published daily observations257257256 matched
Average in September 2026 dollars$49.42$46.40—

Daily spot prices in 1992

Show all 258 dates (Jan 2, 1992 – Dec 31, 1992)
DateWTIBrentBrent − WTI
Jan 2, 1992$19.43$18.45−$0.98
Jan 3, 1992$19.22$18.50−$0.72
Jan 6, 1992$19.24$18.75−$0.49
Jan 7, 1992$18.72$18.40−$0.32
Jan 8, 1992$17.95$17.30−$0.65
Jan 9, 1992$17.89$17.18−$0.71
Jan 10, 1992$18.26$17.23−$1.03
Jan 13, 1992$18.77$18.08−$0.69
Jan 14, 1992$18.40$18.23−$0.17
Jan 15, 1992$18.83$18.38−$0.45
Jan 16, 1992$18.94$18.68−$0.26
Jan 17, 1992$19.11$18.48−$0.63
Jan 20, 1992$18.92$18.45−$0.47
Jan 21, 1992$18.50$17.85−$0.65
Jan 22, 1992$18.73$17.83−$0.90
Jan 23, 1992$18.38$18.10−$0.28
Jan 24, 1992$18.75$18.33−$0.42
Jan 27, 1992$19.35$18.55−$0.80
Jan 28, 1992$19.09$18.43−$0.66
Jan 29, 1992$18.92$18.15−$0.77
Jan 30, 1992$18.95$18.10−$0.85
Jan 31, 1992$18.93$18.15−$0.78
Feb 3, 1992$18.97$18.35−$0.62
Feb 4, 1992$19.26$18.40−$0.86
Feb 5, 1992$19.50$18.48−$1.02
Feb 6, 1992$19.48$18.53−$0.95
Feb 7, 1992$19.91$18.58−$1.33
Feb 10, 1992$19.69$18.95−$0.74
Feb 11, 1992$19.36$18.48−$0.88
Feb 12, 1992$19.29$18.33−$0.96
Feb 13, 1992$19.70$18.53−$1.17
Feb 14, 1992$19.42$18.63−$0.79
Feb 17, 1992$19.42$17.65−$1.77
Feb 18, 1992$18.14$17.70−$0.44
Feb 19, 1992$18.42$17.50−$0.92
Feb 20, 1992$18.52$17.85−$0.67
Feb 21, 1992$18.60$18.00−$0.60
Feb 24, 1992$18.37$17.40−$0.97
Feb 25, 1992$18.30$17.43−$0.87
Feb 26, 1992$18.44$17.28−$1.16
Feb 27, 1992$18.77$17.55−$1.22
Feb 28, 1992$18.69$17.45−$1.24
Mar 2, 1992$18.36$17.35−$1.01
Mar 3, 1992$18.67$17.05−$1.62
Mar 4, 1992$18.62$17.28−$1.34
Mar 5, 1992$18.58$17.43−$1.15
Mar 6, 1992$18.53$17.30−$1.23
Mar 9, 1992$18.65$17.35−$1.30
Mar 10, 1992$18.62$17.35−$1.27
Mar 11, 1992$18.50$17.20−$1.30
Mar 12, 1992$18.86$17.35−$1.51
Mar 13, 1992$19.16$17.73−$1.43
Mar 16, 1992$19.15$17.73−$1.42
Mar 17, 1992$19.27$17.88−$1.39
Mar 18, 1992$19.05$17.65−$1.40
Mar 19, 1992$19.27$17.65−$1.62
Mar 20, 1992$18.78$17.75−$1.03
Mar 23, 1992$18.91$17.58−$1.33
Mar 24, 1992$19.06$17.65−$1.41
Mar 25, 1992$19.00$17.70−$1.30
Mar 26, 1992$19.31$17.98−$1.33
Mar 27, 1992$19.19$17.85−$1.34
Mar 30, 1992$19.25$17.98−$1.27
Mar 31, 1992$19.49$19.09−$0.40
Apr 1, 1992$19.85$18.38−$1.47
Apr 2, 1992$19.79$18.53−$1.26
Apr 3, 1992$20.25$18.63−$1.62
Apr 6, 1992$20.44$18.93−$1.51
Apr 7, 1992$20.29$18.93−$1.36
Apr 8, 1992$20.64$19.18−$1.46
Apr 9, 1992$20.33$18.95−$1.38
Apr 10, 1992$20.45$19.05−$1.40
Apr 13, 1992$20.24$19.03−$1.21
Apr 14, 1992$19.81$18.85−$0.96
Apr 15, 1992$19.93$18.60−$1.33
Apr 16, 1992$20.25$18.95−$1.30
Apr 20, 1992$20.26$18.95−$1.31
Apr 21, 1992$20.17$19.00−$1.17
Apr 22, 1992$19.92$18.73−$1.19
Apr 23, 1992$19.91$18.70−$1.21
Apr 24, 1992$20.05$18.90−$1.15
Apr 27, 1992$20.31$18.90−$1.41
Apr 28, 1992$20.29$19.18−$1.11
Apr 29, 1992$20.77$19.28−$1.49
Apr 30, 1992$20.88$19.65−$1.23
May 1, 1992$20.88$19.83−$1.05
May 4, 1992$21.13$19.88−$1.25
May 5, 1992$20.78$19.98−$0.80
May 6, 1992$20.79$19.68−$1.11
May 7, 1992$20.73$19.65−$1.08
May 8, 1992$20.85$19.63−$1.22
May 11, 1992$21.02$19.73−$1.29
May 12, 1992$20.98$19.80−$1.18
May 13, 1992$20.75$19.95−$0.80
May 14, 1992$20.56$19.75−$0.81
May 15, 1992$20.70$19.70−$1.00
May 18, 1992$20.54$19.70−$0.84
May 19, 1992$20.12$19.30−$0.82
May 20, 1992$20.20$19.28−$0.92
May 21, 1992$20.79$19.60−$1.19
May 22, 1992$20.79$19.58−$1.21
May 26, 1992$21.80$20.50−$1.30
May 27, 1992$22.00$20.80−$1.20
May 28, 1992$21.97$20.73−$1.24
May 29, 1992$22.13$20.70−$1.43
Jun 1, 1992$22.07$20.90−$1.17
Jun 2, 1992$22.20$20.85−$1.35
Jun 3, 1992$22.45$21.23−$1.22
Jun 4, 1992$22.53$21.08−$1.45
Jun 5, 1992$22.65$21.35−$1.30
Jun 8, 1992$22.43$21.25−$1.18
Jun 9, 1992$22.23$21.13−$1.10
Jun 10, 1992$22.49$21.05−$1.44
Jun 11, 1992$22.33$21.33−$1.00
Jun 12, 1992$22.28$21.28−$1.00
Jun 15, 1992$22.38$21.30−$1.08
Jun 16, 1992$22.23$21.13−$1.10
Jun 17, 1992$22.30$21.03−$1.27
Jun 18, 1992$22.23$21.23−$1.00
Jun 19, 1992$22.16$21.13−$1.03
Jun 22, 1992$22.47$20.83−$1.64
Jun 23, 1992$22.74$21.35−$1.39
Jun 24, 1992$23.03$21.55−$1.48
Jun 25, 1992$22.73$21.50−$1.23
Jun 26, 1992$22.42$21.30−$1.12
Jun 29, 1992$22.27$21.08−$1.19
Jun 30, 1992$21.84$20.60−$1.24
Jul 1, 1992$21.90$20.25−$1.65
Jul 2, 1992$22.08$20.53−$1.55
Jul 3, 1992$22.08$20.65−$1.43
Jul 6, 1992$21.87$20.45−$1.42
Jul 7, 1992$21.51$19.80−$1.71
Jul 8, 1992$21.38$19.70−$1.68
Jul 9, 1992$21.38$19.78−$1.60
Jul 10, 1992$21.25$20.00−$1.25
Jul 13, 1992$21.38$19.83−$1.55
Jul 14, 1992$21.42$19.98−$1.44
Jul 15, 1992$21.73$19.85−$1.88
Jul 16, 1992$21.80$20.23−$1.57
Jul 17, 1992$21.56$20.20−$1.36
Jul 20, 1992$21.78$19.95−$1.83
Jul 21, 1992$21.91$20.03−$1.88
Jul 22, 1992$21.99$20.23−$1.76
Jul 23, 1992$22.11$20.48−$1.63
Jul 24, 1992$21.95$20.60−$1.35
Jul 27, 1992$22.09$20.58−$1.51
Jul 28, 1992$22.03$20.78−$1.25
Jul 29, 1992$21.98$20.68−$1.30
Jul 30, 1992$21.82$20.48−$1.34
Jul 31, 1992$21.83$20.38−$1.45
Aug 3, 1992$21.60$20.33−$1.27
Aug 4, 1992$21.23$19.85−$1.38
Aug 5, 1992$21.18$19.68−$1.50
Aug 6, 1992$21.41$19.78−$1.63
Aug 7, 1992$21.27$19.75−$1.52
Aug 10, 1992$21.12$19.55−$1.57
Aug 11, 1992$21.00$19.48−$1.52
Aug 12, 1992$21.13$19.65−$1.48
Aug 13, 1992$21.35$19.83−$1.52
Aug 14, 1992$21.31$19.88−$1.43
Aug 17, 1992$21.47$19.95−$1.52
Aug 18, 1992$21.54$19.90−$1.64
Aug 19, 1992$21.33$19.80−$1.53
Aug 20, 1992$21.40$19.63−$1.77
Aug 21, 1992$21.19$19.68−$1.51
Aug 24, 1992$21.85$19.65−$2.20
Aug 25, 1992$21.60$19.68−$1.92
Aug 26, 1992$21.24$19.63−$1.61
Aug 27, 1992$21.14$19.50−$1.64
Aug 28, 1992$21.30$19.65−$1.65
Aug 31, 1992$21.46$19.65−$1.81
Sep 1, 1992$21.72$19.88−$1.84
Sep 2, 1992$21.65$20.00−$1.65
Sep 3, 1992$21.69$19.95−$1.74
Sep 4, 1992$21.77$20.03−$1.74
Sep 7, 1992$21.77$20.13−$1.64
Sep 8, 1992$21.98$20.30−$1.68
Sep 9, 1992$22.00$20.33−$1.67
Sep 10, 1992$21.93$20.30−$1.63
Sep 11, 1992$22.00$20.35−$1.65
Sep 14, 1992$22.35$20.68−$1.67
Sep 15, 1992$22.13$20.50−$1.63
Sep 16, 1992$22.39$20.43−$1.96
Sep 17, 1992$22.23$20.35−$1.88
Sep 18, 1992$21.96$20.30−$1.66
Sep 21, 1992$21.91$20.15−$1.76
Sep 22, 1992$21.78$20.33−$1.45
Sep 23, 1992$21.78$20.53−$1.25
Sep 24, 1992$21.57$20.43−$1.14
Sep 25, 1992$21.51$20.33−$1.18
Sep 28, 1992$21.78$20.28−$1.50
Sep 29, 1992$21.66$20.18−$1.48
Sep 30, 1992$21.83$20.18−$1.65
Oct 1, 1992$21.83$20.28−$1.55
Oct 2, 1992$21.93$20.40−$1.53
Oct 5, 1992$21.76$20.20−$1.56
Oct 6, 1992$21.85$20.23−$1.62
Oct 7, 1992$21.89$20.28−$1.61
Oct 8, 1992$21.99$20.48−$1.51
Oct 9, 1992$21.99$20.48−$1.51
Oct 12, 1992$22.28$20.80−$1.48
Oct 13, 1992$22.12$20.83−$1.29
Oct 14, 1992$22.16$20.68−$1.48
Oct 15, 1992$22.37$20.73−$1.64
Oct 16, 1992$22.31$20.78−$1.53
Oct 19, 1992$22.18$20.73−$1.45
Oct 20, 1992$21.88$20.68−$1.20
Oct 21, 1992$21.49$20.28−$1.21
Oct 22, 1992$21.22$20.13−$1.09
Oct 23, 1992$21.11$20.03−$1.08
Oct 26, 1992$21.14$19.78−$1.36
Oct 27, 1992$21.03$19.78−$1.25
Oct 28, 1992$21.17$19.65−$1.52
Oct 29, 1992$20.71$19.40−$1.31
Oct 30, 1992$20.68$19.13−$1.55
Nov 2, 1992$20.77$19.25−$1.52
Nov 3, 1992$20.60$19.35−$1.25
Nov 4, 1992$20.33$19.03−$1.30
Nov 5, 1992$20.62$19.20−$1.42
Nov 6, 1992$20.26$19.13−$1.13
Nov 9, 1992$20.63$19.10−$1.53
Nov 10, 1992$20.54$19.53−$1.01
Nov 11, 1992$20.46$19.40−$1.06
Nov 12, 1992$20.19$19.18−$1.01
Nov 13, 1992$20.04$19.05−$0.99
Nov 16, 1992$20.37$19.20−$1.17
Nov 17, 1992$20.32$19.15−$1.17
Nov 18, 1992$20.21$19.10−$1.11
Nov 19, 1992$20.50$19.48−$1.02
Nov 20, 1992$20.37$19.48−$0.89
Nov 23, 1992$20.01$19.15−$0.86
Nov 24, 1992$20.06$19.18−$0.88
Nov 25, 1992$20.29$19.28−$1.01
Nov 26, 1992—$18.93—
Nov 27, 1992$20.29$19.08−$1.21
Nov 30, 1992$19.91$19.25−$0.66
Dec 1, 1992$19.56$18.65−$0.91
Dec 2, 1992$19.38$18.38−$1.00
Dec 3, 1992$19.08$18.20−$0.88
Dec 4, 1992$18.95$18.35−$0.60
Dec 7, 1992$19.17$18.25−$0.92
Dec 8, 1992$18.69$18.08−$0.61
Dec 9, 1992$18.86$17.80−$1.06
Dec 10, 1992$19.26$18.28−$0.98
Dec 11, 1992$19.09$18.20−$0.89
Dec 14, 1992$19.06$18.03−$1.03
Dec 15, 1992$18.94$17.80−$1.14
Dec 16, 1992$19.42$17.90−$1.52
Dec 17, 1992$19.68$18.18−$1.50
Dec 18, 1992$19.81$18.30−$1.51
Dec 21, 1992$19.92$18.33−$1.59
Dec 22, 1992$19.79$18.08−$1.71
Dec 23, 1992$19.97$18.23−$1.74
Dec 24, 1992$19.97$18.28−$1.69
Dec 28, 1992$19.77——
Dec 29, 1992$19.62$17.93−$1.69
Dec 30, 1992$19.63$17.83−$1.80
Dec 31, 1992$19.49$17.85−$1.64

“—” means EIA published no price for that benchmark on that date.

Source and methodology

ProviderSeriesUnitsCoverageLatest observation
U.S. Energy Information AdministrationRWTC — WTI spot price FOB$/bblJan 2, 1992 – Dec 31, 1992Dec 31, 1992
U.S. Energy Information AdministrationRBRTE — Brent spot price FOB$/bblJan 2, 1992 – Dec 31, 1992Dec 31, 1992
U.S. Bureau of Labor StatisticsCUUR0000SA0 — CPI-U, all items, NSAindex, 1982–84=100monthly and annual averageSeptember 2026

Inflation adjustment: real = nominal × CPI-U(September 2026) ÷ CPI-U(period). Annual figures use the BLS annual average CPI-U; a year without one uses the mean of the months published so far.

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.

Download:1992 daily prices (CSV)