Oil Prices in November 1993: WTI & Brent Daily Prices and Monthly Average
At $16.61 per barrel, November 1993's WTI average was the lowest monthly average in nominal terms since December 1988, down $1.54 (8.5%) from October 1993. A year earlier, in November 1992, it averaged $20.34, so the price was lower by $3.73 (18.3%) year over year.
Daily spot prices, November 1993
Chart data table (22 rows; WTI on 21, Brent on 22)
| Period | WTI | Brent |
|---|---|---|
| Nov 30, 1993 | $15.36 | $14.23 |
| Nov 29, 1993 | $15.30 | $14.05 |
| Nov 26, 1993 | $15.53 | $14.28 |
| Nov 25, 1993 | — | $14.35 |
| Nov 24, 1993 | $15.73 | $15.13 |
| Nov 23, 1993 | $16.39 | $15.25 |
| Nov 22, 1993 | $16.67 | $15.35 |
| Nov 19, 1993 | $16.55 | $15.25 |
| Nov 18, 1993 | $16.67 | $15.40 |
| Nov 17, 1993 | $17.08 | $15.55 |
| Nov 16, 1993 | $16.69 | $15.33 |
| Nov 15, 1993 | $16.78 | $15.25 |
| Nov 12, 1993 | $16.72 | $15.08 |
| Nov 11, 1993 | $16.91 | $15.18 |
| Nov 10, 1993 | $16.54 | $15.23 |
| Nov 9, 1993 | $16.71 | $15.33 |
| Nov 8, 1993 | $16.69 | $15.28 |
| Nov 5, 1993 | $17.09 | $15.73 |
| Nov 4, 1993 | $17.38 | $15.78 |
| Nov 3, 1993 | $17.47 | $15.83 |
| Nov 2, 1993 | $17.03 | $15.63 |
| Nov 1, 1993 | $17.50 | $15.83 |
Prices fell over the month, from $17.50 on Nov 1, 1993 to $15.36 on Nov 30, 1993, with declines on 13 of 21 trading days. The largest one-day move was −$0.66 on Nov 24, 1993 (−4.0%).
Brent averaged $15.20, on matched dates $1.37 below WTI on average across 21 dates.
Among the 40 November averages EIA has published, 1993's ranks 4th lowest. Within 1993 it ranks 2nd lowest of the 12 monthly averages. The high was $17.50 on Nov 1, 1993 and the low $15.30 on Nov 29, 1993. In October 2026 dollars (CPI-U), the average equals $38.45 and the high of $17.50 equals $40.51.
November 1993 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $16.61 | $15.20 |
| Change vs October 1993 | −$1.54 | −$1.41 |
| Change vs November 1992 | −$3.73 | −$4.01 |
| Highest daily price | $17.50 Nov 1, 1993 | $15.83 Nov 1, 1993 |
| Lowest daily price | $15.30 Nov 29, 1993 | $14.05 Nov 29, 1993 |
| Published daily observations | 21 | 22 |
| Average in October 2026 dollars (CPI-U) | $38.45 | $35.19 |
Monthly averages are EIA's published figures. Real figures use CPI-U for November 1993.
November in other years
| Year | WTI average | vs November 1993 | Real |
|---|---|---|---|
| 2026 (to date) | $99.85 | +501.1% | — |
| 2025 | $60.06 | +261.6% | $62.54 |
| 2024 | $69.95 | +321.1% | $74.83 |
| 2023 | $77.69 | +367.7% | $85.40 |
| 2022 | $84.37 | +407.9% | $95.65 |
| 2021 | $79.15 | +376.5% | $96.11 |
| 2020 | $40.94 | +146.5% | $53.10 |
| 2019 | $57.03 | +243.3% | $74.84 |
| 2018 | $56.96 | +242.9% | $76.28 |
| 2017 | $56.64 | +241.0% | $77.50 |
| 2016 | $45.66 | +174.9% | $63.85 |
| 2015 | $42.44 | +155.5% | $60.35 |
| 2014 | $75.79 | +356.3% | $108.32 |
| 2013 | $93.86 | +465.1% | $135.92 |
| 2012 | $86.53 | +421.0% | $126.86 |
| 2011 | $97.16 | +484.9% | $144.95 |
| 2010 | $84.25 | +407.2% | $129.96 |
| 2009 | $77.99 | +369.5% | $121.68 |
| 2008 | $57.31 | +245.0% | $91.06 |
| 2007 | $94.77 | +470.6% | $152.19 |
| 2006 | $59.08 | +255.7% | $98.96 |
| 2005 | $58.32 | +251.1% | $99.61 |
| 2004 | $48.47 | +191.8% | $85.65 |
| 2003 | $31.11 | +87.3% | $56.91 |
| 2002 | $26.35 | +58.6% | $49.05 |
| 2001 | $19.64 | +18.2% | $37.37 |
| 2000 | $34.42 | +107.2% | $66.73 |
| 1999 | $25.00 | +50.5% | $50.14 |
| 1998 | $13.00 | −21.7% | $26.75 |
| 1997 | $20.19 | +21.6% | $42.19 |
| 1996 | $23.71 | +42.7% | $50.46 |
| 1995 | $17.99 | +8.3% | $39.53 |
| 1994 | $18.07 | +8.8% | $40.74 |
| 1993 | $16.61 | — | $38.45 |
| 1992 | $20.34 | +22.5% | $48.34 |
| 1991 | $22.46 | +35.2% | $55.01 |
| 1990 | $32.33 | +94.6% | $81.55 |
| 1989 | $19.86 | +19.6% | $53.24 |
| 1988 | $14.14 | −14.9% | $39.67 |
| 1987 | $18.85 | +13.5% | $55.13 |
| 1986 | $15.22 | −8.4% | $46.53 |
“—” 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 November 1993.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Nov 1, 1993 – Nov 30, 1993 | Nov 30, 1993 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Nov 1, 1993 – Nov 30, 1993 | Nov 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)