Oil Prices in December 1992: WTI & Brent Daily Prices and Monthly Average

WTI average

$19.41

EIA monthly average

vs November 1992

−4.6%

$20.34

vs December 1991

−0.5%

$19.50

Brent average

$18.14

avg daily Brent − WTI on matched dates −$1.26

WTI averaged $19.41 per barrel in December 1992, down $0.93 (4.6%) from November 1992. It was within 3% of its level a year earlier ($19.50 in December 1991).

Daily spot prices, December 1992

Chart data table (22 rows; WTI on 22, Brent on 21)

Daily spot prices, December 1992 ($/bbl)
Period	WTI	Brent
Dec 31, 1992	$19.49	$17.85
Dec 30, 1992	$19.63	$17.83
Dec 29, 1992	$19.62	$17.93
Dec 28, 1992	$19.77	—
Dec 24, 1992	$19.97	$18.28
Dec 23, 1992	$19.97	$18.23
Dec 22, 1992	$19.79	$18.08
Dec 21, 1992	$19.92	$18.33
Dec 18, 1992	$19.81	$18.30
Dec 17, 1992	$19.68	$18.18
Dec 16, 1992	$19.42	$17.90
Dec 15, 1992	$18.94	$17.80
Dec 14, 1992	$19.06	$18.03
Dec 11, 1992	$19.09	$18.20
Dec 10, 1992	$19.26	$18.28
Dec 9, 1992	$18.86	$17.80
Dec 8, 1992	$18.69	$18.08
Dec 7, 1992	$19.17	$18.25
Dec 4, 1992	$18.95	$18.35
Dec 3, 1992	$19.08	$18.20
Dec 2, 1992	$19.38	$18.38
Dec 1, 1992	$19.56	$18.65

Prices dipped to $18.69 on Dec 8, 1992, then climbed to $19.97 on Dec 23, 1992 and ended at $19.49.

Brent averaged $18.14, on matched dates $1.26 below WTI on average across 21 dates.

Among the 40 December averages EIA has published, 1992's ranks 10th lowest. Within 1992 it ranks 4th lowest of the 12 monthly averages. In October 2026 dollars (CPI-U), the average equals $46.17 and the high of $19.97 equals $47.50.

December 1992 summary

Measure	WTI	Brent
Monthly average	$19.41	$18.14
Change vs November 1992	−$0.93	−$1.07
Change vs December 1991	−$0.09	−$0.27
Highest daily price	$19.97 Dec 23, 1992	$18.65 Dec 1, 1992
Lowest daily price	$18.69 Dec 8, 1992	$17.80 Dec 9, 1992
Published daily observations	22	21
Average in October 2026 dollars (CPI-U)	$46.17	$43.15

Monthly averages are EIA's published figures. Real figures use CPI-U for December 1992.

December in other years

WTI monthly average, $/bbl; real in October 2026 dollars
Year	WTI average	vs December 1992	Real
2025	$57.97	+198.7%	$60.38
2024	$70.12	+261.3%	$74.99
2023	$71.90	+270.4%	$79.11
2022	$76.44	+293.8%	$86.93
2021	$71.71	+269.4%	$86.81
2020	$47.02	+142.2%	$60.93
2019	$59.88	+208.5%	$78.65
2018	$49.52	+155.1%	$66.53
2017	$57.88	+198.2%	$79.24
2016	$51.97	+167.7%	$72.65
2015	$37.19	+91.6%	$53.07
2014	$59.29	+205.5%	$85.22
2013	$97.63	+403.0%	$141.39
2012	$87.86	+352.7%	$129.15
2011	$98.56	+407.8%	$147.40
2010	$89.15	+359.3%	$137.28
2009	$74.47	+283.7%	$116.39
2008	$41.12	+111.8%	$66.02
2007	$91.69	+372.4%	$147.34
2006	$61.96	+219.2%	$103.63
2005	$59.41	+206.1%	$101.89
2004	$43.15	+122.3%	$76.53
2003	$32.13	+65.5%	$58.84
2002	$29.46	+51.8%	$54.96
2001	$19.39	−0.1%	$37.04
2000	$28.44	+46.5%	$55.17
1999	$26.10	+34.5%	$52.34
1998	$11.35	−41.5%	$23.37
1997	$18.33	−5.6%	$38.35
1996	$25.23	+30.0%	$53.69
1995	$19.03	−2.0%	$41.84
1994	$17.16	−11.6%	$38.69
1993	$14.52	−25.2%	$33.61
1992	$19.41	—	$46.17
1991	$19.50	+0.5%	$47.73
1990	$27.28	+40.5%	$68.81
1989	$21.10	+8.7%	$56.47
1988	$16.38	−15.6%	$45.88
1987	$17.28	−11.0%	$50.54
1986	$16.11	−17.0%	$49.21

“—” 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 December 1992.

Source and methodology

Provider	Series	Units	Coverage	Latest observation
U.S. Energy Information Administration	RWTC — WTI spot price FOB (daily, monthly)	$/bbl	Dec 1, 1992 – Dec 31, 1992	Dec 31, 1992
U.S. Energy Information Administration	RBRTE — Brent spot price FOB (daily, monthly)	$/bbl	Dec 1, 1992 – Dec 31, 1992	Dec 31, 1992
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:1992 daily prices (CSV)