Oil Prices in June 1994: WTI & Brent Daily Prices and Monthly Average
WTI averaged $19.06 per barrel in June 1994, up $1.17 (6.5%) from May 1994. It was within 3% of its level a year earlier ($19.09 in June 1993).
Daily spot prices, June 1994
Chart data table (22 rows; WTI on 22, Brent on 22)
| Period | WTI | Brent |
|---|---|---|
| Jun 30, 1994 | $19.37 | $17.45 |
| Jun 29, 1994 | $18.82 | $17.23 |
| Jun 28, 1994 | $19.14 | $16.98 |
| Jun 27, 1994 | $18.96 | $17.40 |
| Jun 24, 1994 | $19.28 | $17.40 |
| Jun 23, 1994 | $19.38 | $17.30 |
| Jun 22, 1994 | $19.59 | $17.48 |
| Jun 21, 1994 | $20.08 | $17.63 |
| Jun 20, 1994 | $20.68 | $17.38 |
| Jun 17, 1994 | $20.72 | $17.13 |
| Jun 16, 1994 | $19.83 | $16.88 |
| Jun 15, 1994 | $19.75 | $16.73 |
| Jun 14, 1994 | $18.94 | $16.40 |
| Jun 13, 1994 | $18.82 | $16.23 |
| Jun 10, 1994 | $18.48 | $16.38 |
| Jun 9, 1994 | $18.67 | $16.13 |
| Jun 8, 1994 | $18.28 | $15.65 |
| Jun 7, 1994 | $17.78 | $15.95 |
| Jun 6, 1994 | $18.10 | $16.18 |
| Jun 3, 1994 | $18.11 | $16.13 |
| Jun 2, 1994 | $18.25 | $16.35 |
| Jun 1, 1994 | $18.29 | $16.40 |
Prices dipped to $17.78 on Jun 7, 1994, then climbed to $20.72 on Jun 17, 1994 and ended at $19.37. The largest one-day move was +$0.89 on Jun 17, 1994 (+4.5%).
Brent averaged $16.76, on matched dates $2.30 below WTI on average across 22 dates.
Among the 41 June averages EIA has published, 1994's ranks 7th lowest. Within 1994 it ranks 2nd highest of the 12 monthly averages. In October 2026 dollars (CPI-U), the average equals $43.47 and the high of $20.72 equals $47.25.
June 1994 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $19.06 | $16.76 |
| Change vs May 1994 | +$1.17 | +$0.57 |
| Change vs June 1993 | −$0.03 | −$0.89 |
| Highest daily price | $20.72 Jun 17, 1994 | $17.63 Jun 21, 1994 |
| Lowest daily price | $17.78 Jun 7, 1994 | $15.65 Jun 8, 1994 |
| Published daily observations | 22 | 22 |
| Average in October 2026 dollars (CPI-U) | $43.47 | $38.22 |
Monthly averages are EIA's published figures. Real figures use CPI-U for June 1994.
June in other years
| Year | WTI average | vs June 1994 | Real |
|---|---|---|---|
| 2026 | $84.81 | +345.0% | $85.71 |
| 2025 | $68.17 | +257.7% | $71.33 |
| 2024 | $79.77 | +318.5% | $85.70 |
| 2023 | $70.25 | +268.6% | $77.71 |
| 2022 | $114.84 | +502.5% | $130.81 |
| 2021 | $71.38 | +274.5% | $88.67 |
| 2020 | $38.31 | +101.0% | $50.16 |
| 2019 | $54.66 | +186.8% | $72.02 |
| 2018 | $67.87 | +256.1% | $90.90 |
| 2017 | $45.18 | +137.0% | $62.25 |
| 2016 | $48.76 | +155.8% | $68.28 |
| 2015 | $59.82 | +213.9% | $84.60 |
| 2014 | $105.79 | +455.0% | $149.81 |
| 2013 | $95.77 | +402.5% | $138.43 |
| 2012 | $82.30 | +331.8% | $121.04 |
| 2011 | $96.26 | +405.0% | $143.93 |
| 2010 | $75.34 | +295.3% | $116.66 |
| 2009 | $69.64 | +265.4% | $108.97 |
| 2008 | $133.88 | +602.4% | $206.50 |
| 2007 | $67.49 | +254.1% | $109.33 |
| 2006 | $70.95 | +272.2% | $118.02 |
| 2005 | $56.35 | +195.6% | $97.78 |
| 2004 | $38.03 | +99.5% | $67.66 |
| 2003 | $30.66 | +60.9% | $56.33 |
| 2002 | $25.52 | +33.9% | $47.88 |
| 2001 | $27.60 | +44.8% | $52.33 |
| 2000 | $31.82 | +66.9% | $62.29 |
| 1999 | $17.92 | −6.0% | $36.39 |
| 1998 | $13.72 | −28.0% | $28.41 |
| 1997 | $19.26 | +1.0% | $40.55 |
| 1996 | $20.42 | +7.1% | $43.98 |
| 1995 | $18.45 | −3.2% | $40.83 |
| 1994 | $19.06 | — | $43.47 |
| 1993 | $19.09 | +0.2% | $44.62 |
| 1992 | $22.39 | +17.5% | $53.90 |
| 1991 | $20.19 | +5.9% | $50.11 |
| 1990 | $16.70 | −12.4% | $43.39 |
| 1989 | $20.05 | +5.2% | $54.53 |
| 1988 | $16.53 | −13.3% | $47.28 |
| 1987 | $20.07 | +5.3% | $59.68 |
| 1986 | $13.43 | −29.5% | $41.40 |
“—” 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 June 1994.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Jun 1, 1994 – Jun 30, 1994 | Jun 30, 1994 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jun 1, 1994 – Jun 30, 1994 | Jun 30, 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)