Oil Prices in May 1993: WTI & Brent Daily Prices and Monthly Average
WTI averaged $19.95 per barrel in May 1993, little changed from April 1993 ($20.25). A year earlier, in May 1992, it averaged $20.98, so the price was lower by $1.03 (4.9%) year over year.
Daily spot prices, May 1993
Chart data table (20 rows; WTI on 20, Brent on 19)
| Period | WTI | Brent |
|---|---|---|
| May 28, 1993 | $20.04 | $18.43 |
| May 27, 1993 | $20.05 | $18.43 |
| May 26, 1993 | $19.92 | $18.08 |
| May 25, 1993 | $19.75 | $18.15 |
| May 24, 1993 | $19.43 | $18.15 |
| May 21, 1993 | $19.60 | $18.05 |
| May 20, 1993 | $19.56 | $18.10 |
| May 19, 1993 | $19.15 | $18.13 |
| May 18, 1993 | $19.32 | $18.18 |
| May 17, 1993 | $19.51 | $18.28 |
| May 14, 1993 | $19.51 | $18.40 |
| May 13, 1993 | $19.80 | $18.70 |
| May 12, 1993 | $20.19 | $18.90 |
| May 11, 1993 | $20.38 | $18.83 |
| May 10, 1993 | $20.42 | $18.98 |
| May 7, 1993 | $20.43 | $18.98 |
| May 6, 1993 | $20.49 | $19.13 |
| May 5, 1993 | $20.46 | $18.85 |
| May 4, 1993 | $20.40 | $18.90 |
| May 3, 1993 | $20.58 | — |
The month's range ran from $19.15 on May 19, 1993 to $20.58 on May 3, 1993; the last price was $20.04 on May 28, 1993.
Brent averaged $18.51, on matched dates $1.41 below WTI on average across 19 dates.
Among the 41 May averages EIA has published, 1993's ranks 9th lowest. Within 1993 it ranks 4th highest of the 12 monthly averages. In October 2026 dollars (CPI-U), the average equals $46.69 and the high of $20.58 equals $48.17.
May 1993 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $19.95 | $18.51 |
| Change vs April 1993 | −$0.30 | −$0.16 |
| Change vs May 1992 | −$1.03 | −$1.38 |
| Highest daily price | $20.58 May 3, 1993 | $19.13 May 6, 1993 |
| Lowest daily price | $19.15 May 19, 1993 | $18.05 May 21, 1993 |
| Published daily observations | 20 | 19 |
| Average in October 2026 dollars (CPI-U) | $46.69 | $43.32 |
Monthly averages are EIA's published figures. Real figures use CPI-U for May 1993.
May in other years
| Year | WTI average | vs May 1993 | Real |
|---|---|---|---|
| 2026 | $102.13 | +411.9% | $102.86 |
| 2025 | $62.17 | +211.6% | $65.27 |
| 2024 | $80.02 | +301.1% | $85.99 |
| 2023 | $71.58 | +258.8% | $79.44 |
| 2022 | $109.55 | +449.1% | $126.50 |
| 2021 | $65.17 | +226.7% | $81.71 |
| 2020 | $28.56 | +43.2% | $37.60 |
| 2019 | $60.83 | +204.9% | $80.17 |
| 2018 | $69.98 | +250.8% | $93.88 |
| 2017 | $48.48 | +143.0% | $66.86 |
| 2016 | $46.71 | +134.1% | $65.63 |
| 2015 | $59.27 | +197.1% | $84.12 |
| 2014 | $102.18 | +412.2% | $144.96 |
| 2013 | $94.51 | +373.7% | $136.93 |
| 2012 | $94.66 | +374.5% | $139.02 |
| 2011 | $100.90 | +405.8% | $150.71 |
| 2010 | $73.74 | +269.6% | $114.07 |
| 2009 | $59.03 | +195.9% | $93.16 |
| 2008 | $125.40 | +528.6% | $195.37 |
| 2007 | $63.46 | +218.1% | $103.00 |
| 2006 | $70.84 | +255.1% | $118.07 |
| 2005 | $49.83 | +149.8% | $86.51 |
| 2004 | $40.28 | +101.9% | $71.89 |
| 2003 | $28.11 | +40.9% | $51.70 |
| 2002 | $27.04 | +35.5% | $50.76 |
| 2001 | $28.63 | +43.5% | $54.38 |
| 2000 | $28.79 | +44.3% | $56.66 |
| 1999 | $17.72 | −11.2% | $35.98 |
| 1998 | $14.91 | −25.3% | $30.91 |
| 1997 | $20.82 | +4.4% | $43.89 |
| 1996 | $21.17 | +6.1% | $45.63 |
| 1995 | $19.74 | −1.1% | $43.77 |
| 1994 | $17.89 | −10.3% | $40.94 |
| 1993 | $19.95 | — | $46.69 |
| 1992 | $20.98 | +5.2% | $50.69 |
| 1991 | $21.23 | +6.4% | $52.84 |
| 1990 | $18.20 | −8.8% | $47.54 |
| 1989 | $20.12 | +0.9% | $54.85 |
| 1988 | $17.42 | −12.7% | $50.04 |
| 1987 | $19.44 | −2.6% | $58.01 |
| 1986 | $15.38 | −22.9% | $47.67 |
“—” 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 May 1993.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | May 3, 1993 – May 28, 1993 | May 28, 1993 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | May 4, 1993 – May 28, 1993 | May 28, 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)