Oil Prices in July 1992: WTI & Brent Daily Prices and Monthly Average
WTI averaged $21.78 per barrel in July 1992, down $0.61 (2.7%) from June 1992. It was within 3% of its level a year earlier ($21.40 in July 1991).
Daily spot prices, July 1992
Chart data table (23 rows; WTI on 23, Brent on 23)
| Period | WTI | Brent |
|---|---|---|
| Jul 31, 1992 | $21.83 | $20.38 |
| Jul 30, 1992 | $21.82 | $20.48 |
| Jul 29, 1992 | $21.98 | $20.68 |
| Jul 28, 1992 | $22.03 | $20.78 |
| Jul 27, 1992 | $22.09 | $20.58 |
| Jul 24, 1992 | $21.95 | $20.60 |
| Jul 23, 1992 | $22.11 | $20.48 |
| Jul 22, 1992 | $21.99 | $20.23 |
| Jul 21, 1992 | $21.91 | $20.03 |
| Jul 20, 1992 | $21.78 | $19.95 |
| Jul 17, 1992 | $21.56 | $20.20 |
| Jul 16, 1992 | $21.80 | $20.23 |
| Jul 15, 1992 | $21.73 | $19.85 |
| Jul 14, 1992 | $21.42 | $19.98 |
| Jul 13, 1992 | $21.38 | $19.83 |
| Jul 10, 1992 | $21.25 | $20.00 |
| Jul 9, 1992 | $21.38 | $19.78 |
| Jul 8, 1992 | $21.38 | $19.70 |
| Jul 7, 1992 | $21.51 | $19.80 |
| Jul 6, 1992 | $21.87 | $20.45 |
| Jul 3, 1992 | $22.08 | $20.65 |
| Jul 2, 1992 | $22.08 | $20.53 |
| Jul 1, 1992 | $21.90 | $20.25 |
Daily prices stayed within $0.86, from $21.25 (Jul 10, 1992) to $22.11 (Jul 23, 1992).
Brent averaged $20.24, on matched dates $1.54 below WTI on average across 23 dates.
Among the 41 July averages EIA has published, 1992's ranks 14th lowest. Within 1992 it ranks 3rd highest of the 12 monthly averages. In October 2026 dollars (CPI-U), the average equals $52.32 and the high of $22.11 equals $53.11.
July 1992 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $21.78 | $20.24 |
| Change vs June 1992 | −$0.61 | −$0.92 |
| Change vs July 1991 | +$0.38 | +$0.84 |
| Highest daily price | $22.11 Jul 23, 1992 | $20.78 Jul 28, 1992 |
| Lowest daily price | $21.25 Jul 10, 1992 | $19.70 Jul 8, 1992 |
| Published daily observations | 23 | 23 |
| Average in October 2026 dollars (CPI-U) | $52.32 | $48.62 |
Monthly averages are EIA's published figures. Real figures use CPI-U for July 1992.
July in other years
| Year | WTI average | vs July 1992 | Real |
|---|---|---|---|
| 2026 | $80.46 | +269.4% | $81.33 |
| 2025 | $68.39 | +214.0% | $71.45 |
| 2024 | $81.80 | +275.6% | $87.77 |
| 2023 | $76.07 | +249.3% | $83.99 |
| 2022 | $101.62 | +366.6% | $115.76 |
| 2021 | $72.49 | +232.8% | $89.62 |
| 2020 | $40.71 | +86.9% | $53.03 |
| 2019 | $57.35 | +163.3% | $75.44 |
| 2018 | $70.98 | +225.9% | $95.06 |
| 2017 | $46.63 | +114.1% | $64.29 |
| 2016 | $44.65 | +105.0% | $62.63 |
| 2015 | $50.90 | +133.7% | $71.98 |
| 2014 | $103.59 | +375.6% | $146.75 |
| 2013 | $104.67 | +380.6% | $151.23 |
| 2012 | $87.90 | +303.6% | $129.49 |
| 2011 | $97.30 | +346.7% | $145.36 |
| 2010 | $76.32 | +250.4% | $118.15 |
| 2009 | $64.15 | +194.5% | $100.54 |
| 2008 | $133.37 | +512.4% | $204.64 |
| 2007 | $74.12 | +240.3% | $120.10 |
| 2006 | $74.41 | +241.6% | $123.41 |
| 2005 | $59.00 | +170.9% | $101.91 |
| 2004 | $40.78 | +87.2% | $72.67 |
| 2003 | $30.76 | +41.2% | $56.45 |
| 2002 | $26.97 | +23.8% | $50.54 |
| 2001 | $26.43 | +21.3% | $50.26 |
| 2000 | $29.70 | +36.4% | $58.01 |
| 1999 | $20.10 | −7.7% | $40.70 |
| 1998 | $14.17 | −34.9% | $29.30 |
| 1997 | $19.66 | −9.7% | $41.34 |
| 1996 | $21.30 | −2.2% | $45.79 |
| 1995 | $17.33 | −20.4% | $38.35 |
| 1994 | $19.66 | −9.7% | $44.71 |
| 1993 | $17.89 | −17.9% | $41.81 |
| 1992 | $21.78 | — | $52.32 |
| 1991 | $21.40 | −1.7% | $53.03 |
| 1990 | $18.45 | −15.3% | $47.75 |
| 1989 | $19.78 | −9.2% | $53.67 |
| 1988 | $15.50 | −28.8% | $44.15 |
| 1987 | $21.34 | −2.0% | $63.29 |
| 1986 | $11.59 | −46.8% | $35.72 |
“—” 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 July 1992.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Jul 1, 1992 – Jul 31, 1992 | Jul 31, 1992 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jul 1, 1992 – Jul 31, 1992 | Jul 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)