Oil Prices in October 1993: WTI & Brent Daily Prices and Monthly Average
WTI averaged $18.15 per barrel in October 1993, up $0.65 (3.7%) from September 1993. A year earlier, in October 1992, it averaged $21.69, so the price was lower by $3.54 (16.3%) year over year.
Daily spot prices, October 1993
Chart data table (21 rows; WTI on 21, Brent on 21)
| Period | WTI | Brent |
|---|---|---|
| Oct 29, 1993 | $16.97 | $15.43 |
| Oct 28, 1993 | $17.30 | $15.83 |
| Oct 27, 1993 | $17.66 | $15.95 |
| Oct 26, 1993 | $17.55 | $15.95 |
| Oct 25, 1993 | $17.36 | $16.13 |
| Oct 22, 1993 | $17.92 | $16.48 |
| Oct 21, 1993 | $18.28 | $16.88 |
| Oct 20, 1993 | $18.25 | $16.68 |
| Oct 19, 1993 | $18.04 | $16.53 |
| Oct 18, 1993 | $18.13 | $16.50 |
| Oct 15, 1993 | $18.24 | $16.70 |
| Oct 14, 1993 | $18.50 | $16.80 |
| Oct 13, 1993 | $18.65 | $17.00 |
| Oct 12, 1993 | $18.70 | $17.15 |
| Oct 11, 1993 | $18.76 | $17.13 |
| Oct 8, 1993 | $18.53 | $16.98 |
| Oct 7, 1993 | $18.49 | $16.88 |
| Oct 6, 1993 | $18.43 | $16.98 |
| Oct 5, 1993 | $18.43 | $16.78 |
| Oct 4, 1993 | $18.40 | $16.90 |
| Oct 1, 1993 | $18.63 | $17.08 |
Prices fell over the month, from $18.63 on Oct 1, 1993 to $16.97 on Oct 29, 1993.
Brent averaged $16.61, on matched dates $1.55 below WTI on average across 21 dates.
Among the 41 October averages EIA has published, 1993's ranks 6th lowest. Within 1993 it ranks 6th lowest of the 12 monthly averages. The high was $18.76 on Oct 11, 1993 and the low $16.97 on Oct 29, 1993. In October 2026 dollars (CPI-U), the average equals $42.04 and the high of $18.76 equals $43.46.
October 1993 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $18.15 | $16.61 |
| Change vs September 1993 | +$0.65 | +$0.60 |
| Change vs October 1992 | −$3.54 | −$3.65 |
| Highest daily price | $18.76 Oct 11, 1993 | $17.15 Oct 12, 1993 |
| Lowest daily price | $16.97 Oct 29, 1993 | $15.43 Oct 29, 1993 |
| Published daily observations | 21 | 21 |
| Average in October 2026 dollars (CPI-U) | $42.04 | $38.48 |
Monthly averages are EIA's published figures. Real figures use CPI-U for October 1993.
October in other years
| Year | WTI average | vs October 1993 | Real |
|---|---|---|---|
| 2026 | $102.07 | +462.4% | $102.07 |
| 2025 | $60.89 | +235.5% | — |
| 2024 | $71.99 | +296.6% | $76.97 |
| 2023 | $85.64 | +371.8% | $93.95 |
| 2022 | $87.55 | +382.4% | $99.15 |
| 2021 | $81.48 | +348.9% | $99.43 |
| 2020 | $39.40 | +117.1% | $51.07 |
| 2019 | $53.96 | +197.3% | $70.77 |
| 2018 | $70.75 | +289.8% | $94.43 |
| 2017 | $51.58 | +184.2% | $70.58 |
| 2016 | $49.78 | +174.3% | $69.50 |
| 2015 | $46.22 | +154.7% | $65.59 |
| 2014 | $84.40 | +365.0% | $119.97 |
| 2013 | $100.54 | +453.9% | $145.30 |
| 2012 | $89.49 | +393.1% | $130.57 |
| 2011 | $86.32 | +375.6% | $128.67 |
| 2010 | $81.89 | +351.2% | $126.37 |
| 2009 | $75.72 | +317.2% | $118.22 |
| 2008 | $76.61 | +322.1% | $119.39 |
| 2007 | $85.80 | +372.7% | $138.60 |
| 2006 | $58.89 | +224.5% | $98.49 |
| 2005 | $62.26 | +243.0% | $105.49 |
| 2004 | $53.28 | +193.6% | $94.20 |
| 2003 | $30.34 | +67.2% | $55.35 |
| 2002 | $28.84 | +58.9% | $53.69 |
| 2001 | $22.17 | +22.1% | $42.11 |
| 2000 | $33.11 | +82.4% | $64.22 |
| 1999 | $22.69 | +25.0% | $45.53 |
| 1998 | $14.46 | −20.3% | $29.76 |
| 1997 | $21.33 | +17.5% | $44.55 |
| 1996 | $24.88 | +37.1% | $53.05 |
| 1995 | $17.43 | −4.0% | $38.27 |
| 1994 | $17.72 | −2.4% | $40.00 |
| 1993 | $18.15 | — | $42.04 |
| 1992 | $21.69 | +19.5% | $51.63 |
| 1991 | $23.23 | +28.0% | $57.06 |
| 1990 | $36.04 | +98.6% | $91.12 |
| 1989 | $20.10 | +10.7% | $54.01 |
| 1988 | $13.77 | −24.1% | $38.66 |
| 1987 | $19.86 | +9.4% | $58.14 |
| 1986 | $14.90 | −17.9% | $45.59 |
“—” 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 October 1993.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Oct 1, 1993 – Oct 29, 1993 | Oct 29, 1993 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Oct 1, 1993 – Oct 29, 1993 | Oct 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)