Oil Prices in August 1993: WTI & Brent Daily Prices and Monthly Average
WTI averaged $18.01 per barrel in August 1993, little changed from July 1993 ($17.89). A year earlier, in August 1992, it averaged $21.34, so the price was lower by $3.33 (15.6%) year over year.
Daily spot prices, August 1993
Chart data table (22 rows; WTI on 22, Brent on 21)
| Period | WTI | Brent |
|---|---|---|
| Aug 31, 1993 | $18.24 | $16.73 |
| Aug 30, 1993 | $18.63 | — |
| Aug 27, 1993 | $18.82 | $17.05 |
| Aug 26, 1993 | $18.40 | $16.75 |
| Aug 25, 1993 | $18.45 | $16.68 |
| Aug 24, 1993 | $18.38 | $16.93 |
| Aug 23, 1993 | $18.42 | $16.83 |
| Aug 20, 1993 | $18.09 | $16.68 |
| Aug 19, 1993 | $17.64 | $16.63 |
| Aug 18, 1993 | $17.68 | $16.63 |
| Aug 17, 1993 | $17.95 | $16.88 |
| Aug 16, 1993 | $17.84 | $16.80 |
| Aug 13, 1993 | $18.14 | $16.93 |
| Aug 12, 1993 | $18.16 | $16.78 |
| Aug 11, 1993 | $17.87 | $16.58 |
| Aug 10, 1993 | $17.58 | $16.30 |
| Aug 9, 1993 | $17.58 | $16.45 |
| Aug 6, 1993 | $17.30 | $16.38 |
| Aug 5, 1993 | $17.54 | $16.60 |
| Aug 4, 1993 | $17.82 | $16.63 |
| Aug 3, 1993 | $17.81 | $16.53 |
| Aug 2, 1993 | $17.90 | $16.85 |
Prices dipped to $17.30 on Aug 6, 1993, then climbed to $18.82 on Aug 27, 1993 and ended at $18.24.
Brent averaged $16.70, on matched dates $1.29 below WTI on average across 21 dates.
Among the 41 August averages EIA has published, 1993's ranks 4th lowest. Within 1993 it ranks 5th lowest of the 12 monthly averages. In October 2026 dollars (CPI-U), the average equals $41.98 and the high of $18.82 equals $43.87.
August 1993 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $18.01 | $16.70 |
| Change vs July 1993 | +$0.12 | −$0.08 |
| Change vs August 1992 | −$3.33 | −$3.04 |
| Highest daily price | $18.82 Aug 27, 1993 | $17.05 Aug 27, 1993 |
| Lowest daily price | $17.30 Aug 6, 1993 | $16.30 Aug 10, 1993 |
| Published daily observations | 22 | 21 |
| Average in October 2026 dollars (CPI-U) | $41.98 | $38.93 |
Monthly averages are EIA's published figures. Real figures use CPI-U for August 1993.
August in other years
| Year | WTI average | vs August 1993 | Real |
|---|---|---|---|
| 2026 | $83.90 | +365.9% | $84.53 |
| 2025 | $64.86 | +260.1% | $67.57 |
| 2024 | $76.68 | +325.8% | $82.21 |
| 2023 | $81.39 | +351.9% | $89.47 |
| 2022 | $93.67 | +420.1% | $106.74 |
| 2021 | $67.70 | +275.9% | $83.52 |
| 2020 | $42.34 | +135.1% | $54.98 |
| 2019 | $54.81 | +204.3% | $72.10 |
| 2018 | $68.06 | +277.9% | $91.10 |
| 2017 | $48.04 | +166.7% | $66.04 |
| 2016 | $44.72 | +148.3% | $62.67 |
| 2015 | $42.87 | +138.0% | $60.71 |
| 2014 | $96.54 | +436.0% | $136.99 |
| 2013 | $106.57 | +491.7% | $153.79 |
| 2012 | $94.13 | +422.7% | $137.90 |
| 2011 | $86.33 | +379.3% | $128.62 |
| 2010 | $76.60 | +325.3% | $118.42 |
| 2009 | $71.05 | +294.5% | $111.10 |
| 2008 | $116.67 | +547.8% | $179.73 |
| 2007 | $72.36 | +301.8% | $117.46 |
| 2006 | $73.04 | +305.6% | $120.90 |
| 2005 | $64.99 | +260.9% | $111.68 |
| 2004 | $44.90 | +149.3% | $79.97 |
| 2003 | $31.57 | +75.3% | $57.72 |
| 2002 | $28.39 | +57.6% | $53.03 |
| 2001 | $27.37 | +52.0% | $52.04 |
| 2000 | $31.26 | +73.6% | $61.06 |
| 1999 | $21.28 | +18.2% | $42.98 |
| 1998 | $13.47 | −25.2% | $27.82 |
| 1997 | $19.95 | +10.8% | $41.87 |
| 1996 | $21.90 | +21.6% | $46.99 |
| 1995 | $18.02 | +0.1% | $39.78 |
| 1994 | $18.38 | +2.1% | $41.63 |
| 1993 | $18.01 | — | $41.98 |
| 1992 | $21.34 | +18.5% | $51.12 |
| 1991 | $21.69 | +20.4% | $53.59 |
| 1990 | $27.31 | +51.6% | $70.04 |
| 1989 | $18.58 | +3.2% | $50.33 |
| 1988 | $15.52 | −13.8% | $44.02 |
| 1987 | $20.31 | +12.8% | $59.92 |
| 1986 | $15.10 | −16.2% | $46.46 |
“—” 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 August 1993.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Aug 2, 1993 – Aug 31, 1993 | Aug 31, 1993 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Aug 2, 1993 – Aug 31, 1993 | Aug 31, 1993 |
| 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:1993 daily prices (CSV)