Oil Prices in April 1994: WTI & Brent Daily Prices and Monthly Average
WTI's monthly average rose to $16.42 in April 1994, up $1.74 (11.9%) from March 1994. A year earlier, in April 1993, it averaged $20.25, so the price was lower by $3.83 (18.9%) year over year.
Daily spot prices, April 1994
Chart data table (20 rows; WTI on 20, Brent on 19)
| Period | WTI | Brent |
|---|---|---|
| Apr 29, 1994 | $16.92 | $15.35 |
| Apr 28, 1994 | $16.57 | $15.65 |
| Apr 27, 1994 | $16.70 | $15.75 |
| Apr 26, 1994 | $16.82 | $16.05 |
| Apr 25, 1994 | $17.66 | $16.38 |
| Apr 22, 1994 | $17.84 | $16.28 |
| Apr 21, 1994 | $17.56 | $15.63 |
| Apr 20, 1994 | $16.65 | $15.30 |
| Apr 19, 1994 | $16.43 | $15.13 |
| Apr 18, 1994 | $16.64 | $15.48 |
| Apr 15, 1994 | $16.58 | $15.23 |
| Apr 14, 1994 | $16.20 | $15.28 |
| Apr 13, 1994 | $15.96 | $15.00 |
| Apr 12, 1994 | $15.74 | $14.80 |
| Apr 11, 1994 | $15.86 | $14.73 |
| Apr 8, 1994 | $15.57 | $14.30 |
| Apr 7, 1994 | $15.59 | $14.40 |
| Apr 6, 1994 | $15.77 | $14.33 |
| Apr 5, 1994 | $15.67 | $14.33 |
| Apr 4, 1994 | $15.67 | — |
Prices dipped to $15.57 on Apr 8, 1994, then climbed to $17.84 on Apr 22, 1994 and ended at $16.92. The largest one-day move was +$0.91 on Apr 21, 1994 (+5.5%).
Brent averaged $15.23, on matched dates $1.23 below WTI on average across 19 dates.
Among the 41 April averages EIA has published, 1994's ranks 3rd lowest. Within 1994 it ranks 4th lowest of the 12 monthly averages. WTI moved 5% or more from the previous published price on 2 days. In October 2026 dollars (CPI-U), the average equals $37.60 and the high of $17.84 equals $40.85.
April 1994 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $16.42 | $15.23 |
| Change vs March 1994 | +$1.74 | +$1.41 |
| Change vs April 1993 | −$3.83 | −$3.44 |
| Highest daily price | $17.84 Apr 22, 1994 | $16.38 Apr 25, 1994 |
| Lowest daily price | $15.57 Apr 8, 1994 | $14.30 Apr 8, 1994 |
| Published daily observations | 20 | 19 |
| Average in October 2026 dollars (CPI-U) | $37.60 | $34.87 |
Monthly averages are EIA's published figures. Real figures use CPI-U for April 1994.
April in other years
| Year | WTI average | vs April 1994 | Real |
|---|---|---|---|
| 2026 | $100.32 | +511.0% | $101.67 |
| 2025 | $63.54 | +287.0% | $66.85 |
| 2024 | $85.35 | +419.8% | $91.87 |
| 2023 | $79.45 | +383.9% | $88.39 |
| 2022 | $101.78 | +519.9% | $118.82 |
| 2021 | $61.72 | +275.9% | $78.00 |
| 2020 | $16.55 | +0.8% | $21.79 |
| 2019 | $63.86 | +288.9% | $84.34 |
| 2018 | $66.25 | +303.5% | $89.25 |
| 2017 | $51.06 | +211.0% | $70.48 |
| 2016 | $40.75 | +148.2% | $57.48 |
| 2015 | $54.45 | +231.6% | $77.67 |
| 2014 | $102.07 | +521.6% | $145.31 |
| 2013 | $92.02 | +460.4% | $133.56 |
| 2012 | $103.32 | +529.2% | $151.56 |
| 2011 | $109.53 | +567.1% | $164.37 |
| 2010 | $84.29 | +413.3% | $130.49 |
| 2009 | $49.65 | +202.4% | $78.58 |
| 2008 | $112.58 | +585.6% | $176.88 |
| 2007 | $63.98 | +289.6% | $104.48 |
| 2006 | $69.44 | +322.9% | $116.31 |
| 2005 | $52.98 | +222.7% | $91.89 |
| 2004 | $36.75 | +123.8% | $65.98 |
| 2003 | $28.17 | +71.6% | $51.73 |
| 2002 | $26.18 | +59.4% | $49.14 |
| 2001 | $27.49 | +67.4% | $52.45 |
| 2000 | $25.72 | +56.6% | $50.68 |
| 1999 | $17.31 | +5.4% | $35.15 |
| 1998 | $15.35 | −6.5% | $31.88 |
| 1997 | $19.70 | +20.0% | $41.50 |
| 1996 | $23.50 | +43.1% | $50.75 |
| 1995 | $19.90 | +21.2% | $44.22 |
| 1994 | $16.42 | — | $37.60 |
| 1993 | $20.25 | +23.3% | $47.46 |
| 1992 | $20.23 | +23.2% | $48.95 |
| 1991 | $20.83 | +26.9% | $52.00 |
| 1990 | $18.43 | +12.2% | $48.26 |
| 1989 | $21.07 | +28.3% | $57.77 |
| 1988 | $17.86 | +8.8% | $51.48 |
| 1987 | $18.68 | +13.8% | $55.94 |
| 1986 | $12.84 | −21.8% | $39.90 |
“—” 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 April 1994.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Apr 4, 1994 – Apr 29, 1994 | Apr 29, 1994 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Apr 5, 1994 – Apr 29, 1994 | Apr 29, 1994 |
| 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:1994 daily prices (CSV)