Oil Prices in January 1993: WTI & Brent Daily Prices and Monthly Average
WTI averaged $19.03 per barrel in January 1993, down $0.38 (2.0%) from December 1992. It was within 3% of its level a year earlier ($18.79 in January 1992).
Daily spot prices, January 1993
Chart data table (20 rows; WTI on 20, Brent on 20)
| Period | WTI | Brent |
|---|---|---|
| Jan 29, 1993 | $20.27 | $18.48 |
| Jan 28, 1993 | $20.38 | $18.15 |
| Jan 27, 1993 | $19.66 | $17.88 |
| Jan 26, 1993 | $19.67 | $17.93 |
| Jan 25, 1993 | $19.51 | $17.58 |
| Jan 22, 1993 | $18.64 | $17.08 |
| Jan 21, 1993 | $18.71 | $16.88 |
| Jan 20, 1993 | $18.35 | $16.70 |
| Jan 19, 1993 | $18.40 | $16.98 |
| Jan 18, 1993 | $18.94 | $17.25 |
| Jan 15, 1993 | $18.89 | $17.28 |
| Jan 14, 1993 | $18.71 | $17.00 |
| Jan 13, 1993 | $18.51 | $16.85 |
| Jan 12, 1993 | $18.21 | $16.85 |
| Jan 11, 1993 | $18.78 | $17.28 |
| Jan 8, 1993 | $18.90 | $17.23 |
| Jan 7, 1993 | $18.92 | $17.58 |
| Jan 6, 1993 | $19.03 | $17.53 |
| Jan 5, 1993 | $19.13 | $17.48 |
| Jan 4, 1993 | $19.03 | $17.73 |
Prices rose over the month, from $19.03 on Jan 4, 1993 to $20.27 on Jan 29, 1993. The largest one-day move was +$0.87 on Jan 25, 1993 (+4.7%).
Brent averaged $17.39, on matched dates $1.65 below WTI on average across 20 dates.
Among the 41 January averages EIA has published, 1993's ranks 10th lowest. Within 1993 it ranks 6th highest of the 12 monthly averages. The high was $20.38 on Jan 28, 1993 and the low $18.21 on Jan 12, 1993. In October 2026 dollars (CPI-U), the average equals $45.04 and the high of $20.38 equals $48.24.
January 1993 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $19.03 | $17.39 |
| Change vs December 1992 | −$0.38 | −$0.75 |
| Change vs January 1992 | +$0.24 | −$0.77 |
| Highest daily price | $20.38 Jan 28, 1993 | $18.48 Jan 29, 1993 |
| Lowest daily price | $18.21 Jan 12, 1993 | $16.70 Jan 20, 1993 |
| Published daily observations | 20 | 20 |
| Average in October 2026 dollars (CPI-U) | $45.04 | $41.16 |
Monthly averages are EIA's published figures. Real figures use CPI-U for January 1993.
January in other years
| Year | WTI average | vs January 1993 | Real |
|---|---|---|---|
| 2026 | $60.04 | +215.5% | $62.30 |
| 2025 | $75.74 | +298.0% | $80.47 |
| 2024 | $74.15 | +289.6% | $81.14 |
| 2023 | $78.12 | +310.5% | $88.13 |
| 2022 | $83.22 | +337.3% | $99.90 |
| 2021 | $52.00 | +173.3% | $67.09 |
| 2020 | $57.52 | +202.3% | $75.26 |
| 2019 | $51.38 | +170.0% | $68.89 |
| 2018 | $63.70 | +234.7% | $86.74 |
| 2017 | $52.50 | +175.9% | $72.97 |
| 2016 | $31.68 | +66.5% | $45.13 |
| 2015 | $47.22 | +148.1% | $68.19 |
| 2014 | $94.62 | +397.2% | $136.52 |
| 2013 | $94.76 | +398.0% | $138.89 |
| 2012 | $100.27 | +426.9% | $149.31 |
| 2011 | $89.17 | +368.6% | $136.66 |
| 2010 | $78.33 | +311.6% | $122.01 |
| 2009 | $41.71 | +119.2% | $66.67 |
| 2008 | $92.97 | +388.5% | $148.66 |
| 2007 | $54.51 | +186.4% | $90.89 |
| 2006 | $65.49 | +244.1% | $111.47 |
| 2005 | $46.84 | +146.1% | $82.90 |
| 2004 | $34.31 | +80.3% | $62.53 |
| 2003 | $32.95 | +73.1% | $61.21 |
| 2002 | $19.72 | +3.6% | $37.58 |
| 2001 | $29.59 | +55.5% | $57.04 |
| 2000 | $27.26 | +43.2% | $54.51 |
| 1999 | $12.52 | −34.2% | $25.72 |
| 1998 | $16.72 | −12.1% | $34.92 |
| 1997 | $25.13 | +32.1% | $53.31 |
| 1996 | $18.86 | −0.9% | $41.23 |
| 1995 | $18.04 | −5.2% | $40.51 |
| 1994 | $15.03 | −21.0% | $34.70 |
| 1993 | $19.03 | — | $45.04 |
| 1992 | $18.79 | −1.3% | $45.92 |
| 1991 | $25.23 | +32.6% | $63.26 |
| 1990 | $22.86 | +20.1% | $60.56 |
| 1989 | $18.02 | −5.3% | $50.22 |
| 1988 | $17.13 | −10.0% | $49.97 |
| 1987 | $18.65 | −2.0% | $56.61 |
| 1986 | $22.93 | +20.5% | $70.61 |
“—” 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 January 1993.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Jan 4, 1993 – Jan 29, 1993 | Jan 29, 1993 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jan 4, 1993 – Jan 29, 1993 | Jan 29, 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)