Oil Prices in July 1993: WTI & Brent Daily Prices and Monthly Average
At $17.89 per barrel, July 1993's WTI average was the lowest monthly average in nominal terms since June 1990, down $1.20 (6.3%) from June 1993. A year earlier, in July 1992, it averaged $21.78, so the price was lower by $3.89 (17.9%) year over year.
Daily spot prices, July 1993
Chart data table (22 rows; WTI on 21, Brent on 22)
| Period | WTI | Brent |
|---|---|---|
| Jul 30, 1993 | $17.94 | $16.85 |
| Jul 29, 1993 | $18.12 | $17.08 |
| Jul 28, 1993 | $18.25 | $17.13 |
| Jul 27, 1993 | $18.50 | $16.85 |
| Jul 26, 1993 | $18.11 | $16.85 |
| Jul 23, 1993 | $17.67 | $16.85 |
| Jul 22, 1993 | $17.57 | $16.65 |
| Jul 21, 1993 | $17.60 | $16.73 |
| Jul 20, 1993 | $17.20 | $16.58 |
| Jul 19, 1993 | $17.68 | $16.58 |
| Jul 16, 1993 | $17.29 | $16.60 |
| Jul 15, 1993 | $17.73 | $16.48 |
| Jul 14, 1993 | $17.43 | $16.50 |
| Jul 13, 1993 | $18.05 | $16.95 |
| Jul 12, 1993 | $18.12 | $16.78 |
| Jul 9, 1993 | $17.92 | $16.53 |
| Jul 8, 1993 | $17.79 | $16.55 |
| Jul 7, 1993 | $18.06 | $16.90 |
| Jul 6, 1993 | $18.29 | $17.13 |
| Jul 5, 1993 | — | $16.88 |
| Jul 2, 1993 | $17.93 | $16.63 |
| Jul 1, 1993 | $18.44 | $16.98 |
Prices dipped to $17.20 on Jul 20, 1993, then climbed to $18.50 on Jul 27, 1993 and ended at $17.94.
Brent averaged $16.78, on matched dates $1.12 below WTI on average across 21 dates.
Among the 41 July averages EIA has published, 1993's ranks 5th lowest. Within 1993 it ranks 4th lowest of the 12 monthly averages. In October 2026 dollars (CPI-U), the average equals $41.81 and the high of $18.50 equals $43.24.
July 1993 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $17.89 | $16.78 |
| Change vs June 1993 | −$1.20 | −$0.87 |
| Change vs July 1992 | −$3.89 | −$3.46 |
| Highest daily price | $18.50 Jul 27, 1993 | $17.13 Jul 6, 1993 |
| Lowest daily price | $17.20 Jul 20, 1993 | $16.48 Jul 15, 1993 |
| Published daily observations | 21 | 22 |
| Average in October 2026 dollars (CPI-U) | $41.81 | $39.22 |
Monthly averages are EIA's published figures. Real figures use CPI-U for July 1993.
July in other years
| Year | WTI average | vs July 1993 | Real |
|---|---|---|---|
| 2026 | $80.46 | +349.7% | $81.33 |
| 2025 | $68.39 | +282.3% | $71.45 |
| 2024 | $81.80 | +357.2% | $87.77 |
| 2023 | $76.07 | +325.2% | $83.99 |
| 2022 | $101.62 | +468.0% | $115.76 |
| 2021 | $72.49 | +305.2% | $89.62 |
| 2020 | $40.71 | +127.6% | $53.03 |
| 2019 | $57.35 | +220.6% | $75.44 |
| 2018 | $70.98 | +296.8% | $95.06 |
| 2017 | $46.63 | +160.6% | $64.29 |
| 2016 | $44.65 | +149.6% | $62.63 |
| 2015 | $50.90 | +184.5% | $71.98 |
| 2014 | $103.59 | +479.0% | $146.75 |
| 2013 | $104.67 | +485.1% | $151.23 |
| 2012 | $87.90 | +391.3% | $129.49 |
| 2011 | $97.30 | +443.9% | $145.36 |
| 2010 | $76.32 | +326.6% | $118.15 |
| 2009 | $64.15 | +258.6% | $100.54 |
| 2008 | $133.37 | +645.5% | $204.64 |
| 2007 | $74.12 | +314.3% | $120.10 |
| 2006 | $74.41 | +315.9% | $123.41 |
| 2005 | $59.00 | +229.8% | $101.91 |
| 2004 | $40.78 | +127.9% | $72.67 |
| 2003 | $30.76 | +71.9% | $56.45 |
| 2002 | $26.97 | +50.8% | $50.54 |
| 2001 | $26.43 | +47.7% | $50.26 |
| 2000 | $29.70 | +66.0% | $58.01 |
| 1999 | $20.10 | +12.4% | $40.70 |
| 1998 | $14.17 | −20.8% | $29.30 |
| 1997 | $19.66 | +9.9% | $41.34 |
| 1996 | $21.30 | +19.1% | $45.79 |
| 1995 | $17.33 | −3.1% | $38.35 |
| 1994 | $19.66 | +9.9% | $44.71 |
| 1993 | $17.89 | — | $41.81 |
| 1992 | $21.78 | +21.7% | $52.32 |
| 1991 | $21.40 | +19.6% | $53.03 |
| 1990 | $18.45 | +3.1% | $47.75 |
| 1989 | $19.78 | +10.6% | $53.67 |
| 1988 | $15.50 | −13.4% | $44.15 |
| 1987 | $21.34 | +19.3% | $63.29 |
| 1986 | $11.59 | −35.2% | $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 1993.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Jul 1, 1993 – Jul 30, 1993 | Jul 30, 1993 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jul 1, 1993 – Jul 30, 1993 | Jul 30, 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)