Oil Prices in September 1994: WTI & Brent Daily Prices and Monthly Average
WTI averaged $17.45 per barrel in September 1994, down $0.93 (5.1%) from August 1994. It was within 3% of its level a year earlier ($17.50 in September 1993).
Daily spot prices, September 1994
Chart data table (22 rows; WTI on 21, Brent on 22)
| Period | WTI | Brent |
|---|---|---|
| Sep 30, 1994 | $18.36 | $16.73 |
| Sep 29, 1994 | $17.96 | $16.60 |
| Sep 28, 1994 | $17.69 | $16.20 |
| Sep 27, 1994 | $17.48 | $16.10 |
| Sep 26, 1994 | $17.68 | $16.10 |
| Sep 23, 1994 | $17.76 | $16.30 |
| Sep 22, 1994 | $17.65 | $15.90 |
| Sep 21, 1994 | $17.06 | $15.80 |
| Sep 20, 1994 | $17.24 | $15.78 |
| Sep 19, 1994 | $17.21 | $15.45 |
| Sep 16, 1994 | $16.84 | $15.30 |
| Sep 15, 1994 | $16.72 | $15.25 |
| Sep 14, 1994 | $16.72 | $15.40 |
| Sep 13, 1994 | $17.00 | $15.48 |
| Sep 12, 1994 | $17.39 | $15.83 |
| Sep 9, 1994 | $17.53 | $15.93 |
| Sep 8, 1994 | $17.62 | $16.05 |
| Sep 7, 1994 | $17.84 | $16.03 |
| Sep 6, 1994 | $17.62 | $15.95 |
| Sep 5, 1994 | — | $15.60 |
| Sep 2, 1994 | $17.52 | $15.88 |
| Sep 1, 1994 | $17.47 | $16.03 |
Prices rose over the month, from $17.47 on Sep 1, 1994 to $18.36 on Sep 30, 1994.
Brent averaged $15.90, on matched dates $1.54 below WTI on average across 21 dates.
Among the 41 September averages EIA has published, 1994's ranks 4th lowest. Within 1994 it ranks 6th lowest of the 12 monthly averages. The high was $18.36 on Sep 30, 1994 and the low $16.72 on Sep 14, 1994. In October 2026 dollars (CPI-U), the average equals $39.42 and the high of $18.36 equals $41.48.
September 1994 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $17.45 | $15.90 |
| Change vs August 1994 | −$0.93 | −$0.99 |
| Change vs September 1993 | −$0.05 | −$0.11 |
| Highest daily price | $18.36 Sep 30, 1994 | $16.73 Sep 30, 1994 |
| Lowest daily price | $16.72 Sep 14, 1994 | $15.25 Sep 15, 1994 |
| Published daily observations | 21 | 22 |
| Average in October 2026 dollars (CPI-U) | $39.42 | $35.92 |
Monthly averages are EIA's published figures. Real figures use CPI-U for September 1994.
September in other years
| Year | WTI average | vs September 1994 | Real |
|---|---|---|---|
| 2026 | $97.31 | +457.7% | $97.47 |
| 2025 | $63.96 | +266.5% | $66.46 |
| 2024 | $70.24 | +302.5% | $75.19 |
| 2023 | $89.43 | +412.5% | $98.07 |
| 2022 | $84.26 | +382.9% | $95.82 |
| 2021 | $71.65 | +310.6% | $88.16 |
| 2020 | $39.63 | +127.1% | $51.39 |
| 2019 | $56.95 | +226.4% | $74.86 |
| 2018 | $70.23 | +302.5% | $93.90 |
| 2017 | $49.82 | +185.5% | $68.13 |
| 2016 | $45.18 | +158.9% | $63.16 |
| 2015 | $45.48 | +160.6% | $64.51 |
| 2014 | $93.21 | +434.2% | $132.17 |
| 2013 | $106.29 | +509.1% | $153.21 |
| 2012 | $94.51 | +441.6% | $137.84 |
| 2011 | $85.52 | +390.1% | $127.22 |
| 2010 | $75.24 | +331.2% | $116.25 |
| 2009 | $69.41 | +297.8% | $108.47 |
| 2008 | $104.11 | +496.6% | $160.61 |
| 2007 | $79.92 | +358.0% | $129.38 |
| 2006 | $63.80 | +265.6% | $106.13 |
| 2005 | $65.59 | +275.9% | $111.35 |
| 2004 | $45.94 | +163.3% | $81.65 |
| 2003 | $28.31 | +62.2% | $51.59 |
| 2002 | $29.66 | +70.0% | $55.31 |
| 2001 | $26.20 | +50.1% | $49.59 |
| 2000 | $33.88 | +94.2% | $65.83 |
| 1999 | $23.80 | +36.4% | $47.84 |
| 1998 | $15.03 | −13.9% | $31.01 |
| 1997 | $19.80 | +13.5% | $41.46 |
| 1996 | $23.97 | +37.4% | $51.27 |
| 1995 | $18.23 | +4.5% | $40.16 |
| 1994 | $17.45 | — | $39.42 |
| 1993 | $17.50 | +0.3% | $40.71 |
| 1992 | $21.88 | +25.4% | $52.26 |
| 1991 | $21.89 | +25.4% | $53.85 |
| 1990 | $33.51 | +92.0% | $85.23 |
| 1989 | $19.59 | +12.3% | $52.89 |
| 1988 | $14.54 | −16.7% | $40.96 |
| 1987 | $19.53 | +11.9% | $57.32 |
| 1986 | $14.87 | −14.8% | $45.54 |
“—” 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 September 1994.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Sep 1, 1994 – Sep 30, 1994 | Sep 30, 1994 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Sep 1, 1994 – Sep 30, 1994 | Sep 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)