Oil Prices in March 1993: WTI & Brent Daily Prices and Monthly Average
WTI averaged $20.32 per barrel in March 1993, little changed from February 1993 ($20.09). A year earlier, in March 1992, it averaged $18.92, so the price was higher by $1.40 (7.4%) year over year.
Daily spot prices, March 1993
Chart data table (23 rows; WTI on 23, Brent on 23)
| Period | WTI | Brent |
|---|---|---|
| Mar 31, 1993 | $20.44 | $18.70 |
| Mar 30, 1993 | $20.27 | $18.45 |
| Mar 29, 1993 | $20.27 | $18.65 |
| Mar 26, 1993 | $20.42 | $18.55 |
| Mar 25, 1993 | $20.12 | $18.60 |
| Mar 24, 1993 | $19.97 | $18.53 |
| Mar 23, 1993 | $19.98 | $18.23 |
| Mar 22, 1993 | $19.52 | $18.18 |
| Mar 19, 1993 | $20.05 | $18.58 |
| Mar 18, 1993 | $20.29 | $18.70 |
| Mar 17, 1993 | $20.14 | $18.60 |
| Mar 16, 1993 | $20.04 | $18.55 |
| Mar 15, 1993 | $20.18 | $18.88 |
| Mar 12, 1993 | $20.38 | $18.83 |
| Mar 11, 1993 | $20.12 | $18.70 |
| Mar 10, 1993 | $20.42 | $19.08 |
| Mar 9, 1993 | $20.71 | $19.23 |
| Mar 8, 1993 | $20.63 | $19.28 |
| Mar 5, 1993 | $20.85 | $19.60 |
| Mar 4, 1993 | $21.05 | $19.35 |
| Mar 3, 1993 | $20.46 | $18.93 |
| Mar 2, 1993 | $20.48 | $18.83 |
| Mar 1, 1993 | $20.62 | $19.03 |
Prices peaked at $21.05 on Mar 4, 1993, then fell to $19.52 on Mar 22, 1993 and ended at $20.44.
Brent averaged $18.79, on matched dates $1.54 below WTI on average across 23 dates.
Among the 41 March averages EIA has published, 1993's ranks 11th lowest. Within 1993 it ranks the highest of the 12 monthly averages. In October 2026 dollars (CPI-U), the average equals $47.76 and the high of $21.05 equals $49.47.
March 1993 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $20.32 | $18.79 |
| Change vs February 1993 | +$0.23 | +$0.32 |
| Change vs March 1992 | +$1.40 | +$1.16 |
| Highest daily price | $21.05 Mar 4, 1993 | $19.60 Mar 5, 1993 |
| Lowest daily price | $19.52 Mar 22, 1993 | $18.18 Mar 22, 1993 |
| Published daily observations | 23 | 23 |
| Average in October 2026 dollars (CPI-U) | $47.76 | $44.16 |
Monthly averages are EIA's published figures. Real figures use CPI-U for March 1993.
March in other years
| Year | WTI average | vs March 1993 | Real |
|---|---|---|---|
| 2026 | $91.38 | +349.7% | $93.40 |
| 2025 | $68.24 | +235.8% | $72.02 |
| 2024 | $81.28 | +300.0% | $87.83 |
| 2023 | $73.28 | +260.6% | $81.94 |
| 2022 | $108.50 | +434.0% | $127.37 |
| 2021 | $62.33 | +206.7% | $79.42 |
| 2020 | $29.21 | +43.8% | $38.19 |
| 2019 | $58.15 | +186.2% | $77.21 |
| 2018 | $62.73 | +208.7% | $84.84 |
| 2017 | $49.33 | +142.8% | $68.29 |
| 2016 | $37.55 | +84.8% | $53.22 |
| 2015 | $47.82 | +135.3% | $68.35 |
| 2014 | $100.80 | +396.1% | $143.98 |
| 2013 | $92.94 | +357.4% | $134.76 |
| 2012 | $106.16 | +422.4% | $156.20 |
| 2011 | $102.86 | +406.2% | $155.35 |
| 2010 | $81.20 | +299.6% | $125.93 |
| 2009 | $47.94 | +135.9% | $76.07 |
| 2008 | $105.45 | +418.9% | $166.68 |
| 2007 | $60.44 | +197.4% | $99.34 |
| 2006 | $62.69 | +208.5% | $105.90 |
| 2005 | $54.19 | +166.7% | $94.62 |
| 2004 | $36.74 | +80.8% | $66.17 |
| 2003 | $33.51 | +64.9% | $61.40 |
| 2002 | $24.53 | +20.7% | $46.30 |
| 2001 | $27.25 | +34.1% | $52.20 |
| 2000 | $29.84 | +46.9% | $58.83 |
| 1999 | $14.68 | −27.8% | $30.03 |
| 1998 | $15.12 | −25.6% | $31.46 |
| 1997 | $20.97 | +3.2% | $44.24 |
| 1996 | $21.33 | +5.0% | $46.24 |
| 1995 | $18.54 | −8.8% | $41.33 |
| 1994 | $14.68 | −27.8% | $33.66 |
| 1993 | $20.32 | — | $47.76 |
| 1992 | $18.92 | −6.9% | $45.84 |
| 1991 | $19.90 | −2.1% | $49.75 |
| 1990 | $20.39 | +0.3% | $53.47 |
| 1989 | $19.48 | −4.1% | $53.76 |
| 1988 | $16.20 | −20.3% | $46.93 |
| 1987 | $18.30 | −9.9% | $55.10 |
| 1986 | $12.61 | −37.9% | $39.12 |
“—” 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 March 1993.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Mar 1, 1993 – Mar 31, 1993 | Mar 31, 1993 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Mar 1, 1993 – Mar 31, 1993 | Mar 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)