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Oil Prices in 1993: WTI & Brent History and Monthly Averages

WTI average
$18.43
EIA annual average
WTI vs prior year
−10.4%
1992: $20.58
Brent average
$17.01
EIA annual average
Brent vs prior year
−12.0%
1992: $19.32

WTI averaged $18.43 per barrel in 1993, down $2.15 (10.4%) from 1992; that was the lowest annual average since 1988, and the 3rd consecutive annual decline.

Monthly average prices in 1993

Monthly averages and daily ranges, 1993 ($/bbl)
MonthWTI avgWTI highWTI lowBrent avgBrent − WTI (matched dates)WTI (September 2026 $)Brent (September 2026 $)
January$19.03$20.38$18.21$17.39−$1.65$44.96$41.09
February$20.09$20.63$19.30$18.47−$1.59$47.30$43.49
March$20.32$21.05$19.52$18.79−$1.54$47.68$44.09
April$20.25$20.67$19.79$18.67−$1.56$47.38$43.69
May$19.95$20.58$19.15$18.51−$1.41$46.62$43.25
June$19.09$20.20$18.35$17.65−$1.44$44.54$41.18
July$17.89$18.50$17.20$16.78−$1.12$41.74$39.15
August$18.01$18.82$17.30$16.70−$1.29$41.91$38.86
September$17.50$18.73$16.74$16.01−$1.50$40.64$37.18
October$18.15$18.76$16.97$16.61−$1.55$41.97$38.41
November$16.61$17.50$15.30$15.20−$1.37$38.39$35.13
December$14.52$15.45$13.98$13.73−$0.79$33.56$31.73

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.

It was below $20 on 188 days. The steepest fall within the year ran from $21.05 on Mar 4, 1993 to $13.98 on Dec 17, 1993, a 34% drop. The price finished the year 25% below its first 1993 close of $19.03. From $18.21 on Jan 12, 1993, WTI climbed to $21.05 by Mar 4, 1993, a 16% gain.

Brent traded below WTI throughout 1993: its monthly average was lower in every month, and on the 245 matched dates it averaged $1.40 less. Brent averaged $17.01, down $2.31 (12.0%) from 1992.

Monthly averages peaked early, at $20.32 in March, and bottomed at $14.52 in December. In September 2026 dollars (CPI-U), the 1993 average is $42.97, lower than 2025's real average by $25.46 (37.2%). The 1990s as a whole averaged $19.70, so 1993 ran below its decade. Of 40 complete years with an EIA annual average, 1993 ranks 5th lowest, tied with 1995.

1993 summary statistics

MeasureWTIBrentBrent − WTI
Average$18.43$17.01−$1.40
Change vs 1992 average−$2.15−$2.31−$0.14
Highest daily price$21.05 Mar 4, 1993$19.60 Mar 5, 1993—
Lowest daily price$13.98 Dec 17, 1993$13.13 Dec 29, 1993—
Highest daily spread——+$0.31 Dec 14, 1993
Lowest daily spread——−$2.23 Jan 28, 1993
First observation$19.03 Jan 4, 1993$17.73 Jan 4, 1993—
Last observation$14.19 Dec 30, 1993$13.18 Dec 31, 1993—
Published daily observations250252245 matched
Average in September 2026 dollars$42.97$39.66—

Daily spot prices in 1993

Show all 257 dates (Jan 4, 1993 – Dec 31, 1993)
DateWTIBrentBrent − WTI
Jan 4, 1993$19.03$17.73−$1.30
Jan 5, 1993$19.13$17.48−$1.65
Jan 6, 1993$19.03$17.53−$1.50
Jan 7, 1993$18.92$17.58−$1.34
Jan 8, 1993$18.90$17.23−$1.67
Jan 11, 1993$18.78$17.28−$1.50
Jan 12, 1993$18.21$16.85−$1.36
Jan 13, 1993$18.51$16.85−$1.66
Jan 14, 1993$18.71$17.00−$1.71
Jan 15, 1993$18.89$17.28−$1.61
Jan 18, 1993$18.94$17.25−$1.69
Jan 19, 1993$18.40$16.98−$1.42
Jan 20, 1993$18.35$16.70−$1.65
Jan 21, 1993$18.71$16.88−$1.83
Jan 22, 1993$18.64$17.08−$1.56
Jan 25, 1993$19.51$17.58−$1.93
Jan 26, 1993$19.67$17.93−$1.74
Jan 27, 1993$19.66$17.88−$1.78
Jan 28, 1993$20.38$18.15−$2.23
Jan 29, 1993$20.27$18.48−$1.79
Feb 1, 1993$20.32$18.55−$1.77
Feb 2, 1993$20.00$18.40−$1.60
Feb 4, 1993$20.29$18.65−$1.64
Feb 5, 1993$20.27$18.70−$1.57
Feb 8, 1993$20.07$18.55−$1.52
Feb 9, 1993$20.12$18.33−$1.79
Feb 10, 1993$20.20$18.48−$1.72
Feb 11, 1993$20.29$18.43−$1.86
Feb 12, 1993$19.96$18.48−$1.48
Feb 15, 1993—$17.98—
Feb 16, 1993$19.59$18.20−$1.39
Feb 17, 1993$19.30$17.93−$1.37
Feb 18, 1993$19.44$17.83−$1.61
Feb 19, 1993$19.69$18.30−$1.39
Feb 22, 1993$20.08$18.63−$1.45
Feb 23, 1993$20.49$18.88−$1.61
Feb 24, 1993$20.28$18.88−$1.40
Feb 25, 1993$20.63$18.83−$1.80
Feb 26, 1993$20.53$18.83−$1.70
Mar 1, 1993$20.62$19.03−$1.59
Mar 2, 1993$20.48$18.83−$1.65
Mar 3, 1993$20.46$18.93−$1.53
Mar 4, 1993$21.05$19.35−$1.70
Mar 5, 1993$20.85$19.60−$1.25
Mar 8, 1993$20.63$19.28−$1.35
Mar 9, 1993$20.71$19.23−$1.48
Mar 10, 1993$20.42$19.08−$1.34
Mar 11, 1993$20.12$18.70−$1.42
Mar 12, 1993$20.38$18.83−$1.55
Mar 15, 1993$20.18$18.88−$1.30
Mar 16, 1993$20.04$18.55−$1.49
Mar 17, 1993$20.14$18.60−$1.54
Mar 18, 1993$20.29$18.70−$1.59
Mar 19, 1993$20.05$18.58−$1.47
Mar 22, 1993$19.52$18.18−$1.34
Mar 23, 1993$19.98$18.23−$1.75
Mar 24, 1993$19.97$18.53−$1.44
Mar 25, 1993$20.12$18.60−$1.52
Mar 26, 1993$20.42$18.55−$1.87
Mar 29, 1993$20.27$18.65−$1.62
Mar 30, 1993$20.27$18.45−$1.82
Mar 31, 1993$20.44$18.70−$1.74
Apr 1, 1993$20.54$18.98−$1.56
Apr 2, 1993$20.67$18.88−$1.79
Apr 5, 1993$20.59$18.95−$1.64
Apr 6, 1993$20.33$18.65−$1.68
Apr 7, 1993$20.35$18.70−$1.65
Apr 8, 1993$20.22$18.53−$1.69
Apr 12, 1993$20.43——
Apr 13, 1993$20.28$18.80−$1.48
Apr 14, 1993$20.38$18.73−$1.65
Apr 15, 1993$20.21$18.63−$1.58
Apr 16, 1993$20.09$18.50−$1.59
Apr 19, 1993$19.99$18.48−$1.51
Apr 20, 1993$20.05$18.53−$1.52
Apr 21, 1993$19.99$18.68−$1.31
Apr 22, 1993$19.79$18.48−$1.31
Apr 23, 1993$19.93$18.63−$1.30
Apr 26, 1993$19.83$18.63−$1.20
Apr 27, 1993$20.21$18.58−$1.63
Apr 28, 1993—$18.48—
Apr 29, 1993$20.63$18.80−$1.83
Apr 30, 1993$20.54$18.85−$1.69
May 3, 1993$20.58——
May 4, 1993$20.40$18.90−$1.50
May 5, 1993$20.46$18.85−$1.61
May 6, 1993$20.49$19.13−$1.36
May 7, 1993$20.43$18.98−$1.45
May 10, 1993$20.42$18.98−$1.44
May 11, 1993$20.38$18.83−$1.55
May 12, 1993$20.19$18.90−$1.29
May 13, 1993$19.80$18.70−$1.10
May 14, 1993$19.51$18.40−$1.11
May 17, 1993$19.51$18.28−$1.23
May 18, 1993$19.32$18.18−$1.14
May 19, 1993$19.15$18.13−$1.02
May 20, 1993$19.56$18.10−$1.46
May 21, 1993$19.60$18.05−$1.55
May 24, 1993$19.43$18.15−$1.28
May 25, 1993$19.75$18.15−$1.60
May 26, 1993$19.92$18.08−$1.84
May 27, 1993$20.05$18.43−$1.62
May 28, 1993$20.04$18.43−$1.61
Jun 1, 1993$20.20$18.48−$1.72
Jun 2, 1993$20.05$18.48−$1.57
Jun 3, 1993$19.77$18.15−$1.62
Jun 4, 1993$19.79$18.25−$1.54
Jun 7, 1993$19.60$18.00−$1.60
Jun 8, 1993$19.65$18.23−$1.42
Jun 9, 1993$19.66$18.23−$1.43
Jun 10, 1993$19.27$18.20−$1.07
Jun 11, 1993$18.99$17.63−$1.36
Jun 14, 1993$18.90$17.58−$1.32
Jun 15, 1993$18.60$17.30−$1.30
Jun 16, 1993$18.87$17.33−$1.54
Jun 17, 1993$18.70$17.23−$1.47
Jun 18, 1993$18.71$17.13−$1.58
Jun 21, 1993$18.63$17.18−$1.45
Jun 22, 1993$18.35$17.18−$1.17
Jun 23, 1993$18.44$17.18−$1.26
Jun 24, 1993$18.36$17.23−$1.13
Jun 25, 1993$18.83$17.23−$1.60
Jun 28, 1993$18.89$17.23−$1.66
Jun 29, 1993$18.99$17.48−$1.51
Jun 30, 1993$18.82$17.43−$1.39
Jul 1, 1993$18.44$16.98−$1.46
Jul 2, 1993$17.93$16.63−$1.30
Jul 5, 1993—$16.88—
Jul 6, 1993$18.29$17.13−$1.16
Jul 7, 1993$18.06$16.90−$1.16
Jul 8, 1993$17.79$16.55−$1.24
Jul 9, 1993$17.92$16.53−$1.39
Jul 12, 1993$18.12$16.78−$1.34
Jul 13, 1993$18.05$16.95−$1.10
Jul 14, 1993$17.43$16.50−$0.93
Jul 15, 1993$17.73$16.48−$1.25
Jul 16, 1993$17.29$16.60−$0.69
Jul 19, 1993$17.68$16.58−$1.10
Jul 20, 1993$17.20$16.58−$0.62
Jul 21, 1993$17.60$16.73−$0.87
Jul 22, 1993$17.57$16.65−$0.92
Jul 23, 1993$17.67$16.85−$0.82
Jul 26, 1993$18.11$16.85−$1.26
Jul 27, 1993$18.50$16.85−$1.65
Jul 28, 1993$18.25$17.13−$1.12
Jul 29, 1993$18.12$17.08−$1.04
Jul 30, 1993$17.94$16.85−$1.09
Aug 2, 1993$17.90$16.85−$1.05
Aug 3, 1993$17.81$16.53−$1.28
Aug 4, 1993$17.82$16.63−$1.19
Aug 5, 1993$17.54$16.60−$0.94
Aug 6, 1993$17.30$16.38−$0.92
Aug 9, 1993$17.58$16.45−$1.13
Aug 10, 1993$17.58$16.30−$1.28
Aug 11, 1993$17.87$16.58−$1.29
Aug 12, 1993$18.16$16.78−$1.38
Aug 13, 1993$18.14$16.93−$1.21
Aug 16, 1993$17.84$16.80−$1.04
Aug 17, 1993$17.95$16.88−$1.07
Aug 18, 1993$17.68$16.63−$1.05
Aug 19, 1993$17.64$16.63−$1.01
Aug 20, 1993$18.09$16.68−$1.41
Aug 23, 1993$18.42$16.83−$1.59
Aug 24, 1993$18.38$16.93−$1.45
Aug 25, 1993$18.45$16.68−$1.77
Aug 26, 1993$18.40$16.75−$1.65
Aug 27, 1993$18.82$17.05−$1.77
Aug 30, 1993$18.63——
Aug 31, 1993$18.24$16.73−$1.51
Sep 1, 1993$17.92$16.55−$1.37
Sep 2, 1993$17.97$16.50−$1.47
Sep 3, 1993$17.72$16.33−$1.39
Sep 6, 1993—$16.23—
Sep 7, 1993$17.14$15.85−$1.29
Sep 8, 1993$17.00$15.65−$1.35
Sep 9, 1993$16.97$15.73−$1.24
Sep 10, 1993$16.74$15.43−$1.31
Sep 13, 1993$16.98$15.43−$1.55
Sep 14, 1993$16.94$15.58−$1.36
Sep 15, 1993$16.85$15.35−$1.50
Sep 16, 1993$16.85$15.43−$1.42
Sep 17, 1993$17.10$15.55−$1.55
Sep 20, 1993$17.68$16.03−$1.65
Sep 21, 1993$18.12$16.25−$1.87
Sep 22, 1993$17.53$15.88−$1.65
Sep 23, 1993$17.52$15.88−$1.64
Sep 24, 1993$17.52$16.10−$1.42
Sep 27, 1993$17.52$16.10−$1.42
Sep 28, 1993$18.07$16.40−$1.67
Sep 29, 1993$18.73$16.78−$1.95
Sep 30, 1993$18.72$17.23−$1.49
Oct 1, 1993$18.63$17.08−$1.55
Oct 4, 1993$18.40$16.90−$1.50
Oct 5, 1993$18.43$16.78−$1.65
Oct 6, 1993$18.43$16.98−$1.45
Oct 7, 1993$18.49$16.88−$1.61
Oct 8, 1993$18.53$16.98−$1.55
Oct 11, 1993$18.76$17.13−$1.63
Oct 12, 1993$18.70$17.15−$1.55
Oct 13, 1993$18.65$17.00−$1.65
Oct 14, 1993$18.50$16.80−$1.70
Oct 15, 1993$18.24$16.70−$1.54
Oct 18, 1993$18.13$16.50−$1.63
Oct 19, 1993$18.04$16.53−$1.51
Oct 20, 1993$18.25$16.68−$1.57
Oct 21, 1993$18.28$16.88−$1.40
Oct 22, 1993$17.92$16.48−$1.44
Oct 25, 1993$17.36$16.13−$1.23
Oct 26, 1993$17.55$15.95−$1.60
Oct 27, 1993$17.66$15.95−$1.71
Oct 28, 1993$17.30$15.83−$1.47
Oct 29, 1993$16.97$15.43−$1.54
Nov 1, 1993$17.50$15.83−$1.67
Nov 2, 1993$17.03$15.63−$1.40
Nov 3, 1993$17.47$15.83−$1.64
Nov 4, 1993$17.38$15.78−$1.60
Nov 5, 1993$17.09$15.73−$1.36
Nov 8, 1993$16.69$15.28−$1.41
Nov 9, 1993$16.71$15.33−$1.38
Nov 10, 1993$16.54$15.23−$1.31
Nov 11, 1993$16.91$15.18−$1.73
Nov 12, 1993$16.72$15.08−$1.64
Nov 15, 1993$16.78$15.25−$1.53
Nov 16, 1993$16.69$15.33−$1.36
Nov 17, 1993$17.08$15.55−$1.53
Nov 18, 1993$16.67$15.40−$1.27
Nov 19, 1993$16.55$15.25−$1.30
Nov 22, 1993$16.67$15.35−$1.32
Nov 23, 1993$16.39$15.25−$1.14
Nov 24, 1993$15.73$15.13−$0.60
Nov 25, 1993—$14.35—
Nov 26, 1993$15.53$14.28−$1.25
Nov 29, 1993$15.30$14.05−$1.25
Nov 30, 1993$15.36$14.23−$1.13
Dec 1, 1993$15.45$14.43−$1.02
Dec 2, 1993$14.93$14.15−$0.78
Dec 3, 1993$15.03$13.95−$1.08
Dec 6, 1993$14.57$13.90−$0.67
Dec 7, 1993$14.53$13.88−$0.65
Dec 8, 1993$14.61$13.45−$1.16
Dec 9, 1993$14.65$13.60−$1.05
Dec 10, 1993$15.04$13.80−$1.24
Dec 13, 1993$14.50$13.90−$0.60
Dec 14, 1993$14.47$14.78+$0.31
Dec 15, 1993$14.39$13.80−$0.59
Dec 16, 1993$14.21$13.63−$0.58
Dec 17, 1993$13.98$13.85−$0.13
Dec 20, 1993$14.20$13.63−$0.57
Dec 21, 1993$14.32$13.45−$0.87
Dec 22, 1993$14.61$13.60−$1.01
Dec 23, 1993$14.48$13.55−$0.93
Dec 24, 1993—$13.38—
Dec 27, 1993$14.09——
Dec 28, 1993$14.11——
Dec 29, 1993$14.45$13.13−$1.32
Dec 30, 1993$14.19$13.20−$0.99
Dec 31, 1993—$13.18—

“—” 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$/bblJan 4, 1993 – Dec 30, 1993Dec 30, 1993
U.S. Energy Information AdministrationRBRTE — Brent spot price FOB$/bblJan 4, 1993 – Dec 31, 1993Dec 31, 1993
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:1993 daily prices (CSV)