Oil Prices in January 1995: WTI & Brent Daily Prices and Monthly Average
WTI averaged $18.04 per barrel in January 1995, up $0.88 (5.1%) from December 1994. A year earlier, in January 1994, it averaged $15.03, so the price was higher by $3.01 (20.0%) year over year.
Daily spot prices, January 1995
Chart data table (21 rows; WTI on 21, Brent on 21)
| Period | WTI | Brent |
|---|---|---|
| Jan 31, 1995 | $18.48 | $16.80 |
| Jan 30, 1995 | $18.20 | $16.68 |
| Jan 27, 1995 | $17.95 | $16.38 |
| Jan 26, 1995 | $18.23 | $16.73 |
| Jan 25, 1995 | $18.82 | $16.98 |
| Jan 24, 1995 | $18.53 | $17.15 |
| Jan 23, 1995 | $18.16 | $17.00 |
| Jan 20, 1995 | $18.46 | $17.23 |
| Jan 19, 1995 | $18.70 | $17.08 |
| Jan 18, 1995 | $18.72 | $16.95 |
| Jan 17, 1995 | $18.47 | $16.78 |
| Jan 16, 1995 | $17.89 | $16.38 |
| Jan 13, 1995 | $17.52 | $16.20 |
| Jan 12, 1995 | $17.72 | $16.48 |
| Jan 11, 1995 | $17.70 | $16.40 |
| Jan 10, 1995 | $17.42 | $16.00 |
| Jan 9, 1995 | $17.40 | $16.08 |
| Jan 6, 1995 | $17.69 | $16.35 |
| Jan 5, 1995 | $17.76 | $16.13 |
| Jan 4, 1995 | $17.56 | $15.93 |
| Jan 3, 1995 | $17.45 | $15.88 |
Prices rose over the month, from $17.45 on Jan 3, 1995 to $18.48 on Jan 31, 1995.
Brent averaged $16.55, on matched dates $1.49 below WTI on average across 21 dates.
Among the 41 January averages EIA has published, 1995's ranks 6th lowest. Within 1995 it ranks 5th lowest of the 12 monthly averages. The high was $18.82 on Jan 25, 1995 and the low $17.40 on Jan 9, 1995. In October 2026 dollars (CPI-U), the average equals $40.51 and the high of $18.82 equals $42.26.
January 1995 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $18.04 | $16.55 |
| Change vs December 1994 | +$0.88 | +$0.62 |
| Change vs January 1994 | +$3.01 | +$2.26 |
| Highest daily price | $18.82 Jan 25, 1995 | $17.23 Jan 20, 1995 |
| Lowest daily price | $17.40 Jan 9, 1995 | $15.88 Jan 3, 1995 |
| Published daily observations | 21 | 21 |
| Average in October 2026 dollars (CPI-U) | $40.51 | $37.16 |
Monthly averages are EIA's published figures. Real figures use CPI-U for January 1995.
January in other years
| Year | WTI average | vs January 1995 | Real |
|---|---|---|---|
| 2026 | $60.04 | +232.8% | $62.30 |
| 2025 | $75.74 | +319.8% | $80.47 |
| 2024 | $74.15 | +311.0% | $81.14 |
| 2023 | $78.12 | +333.0% | $88.13 |
| 2022 | $83.22 | +361.3% | $99.90 |
| 2021 | $52.00 | +188.2% | $67.09 |
| 2020 | $57.52 | +218.8% | $75.26 |
| 2019 | $51.38 | +184.8% | $68.89 |
| 2018 | $63.70 | +253.1% | $86.74 |
| 2017 | $52.50 | +191.0% | $72.97 |
| 2016 | $31.68 | +75.6% | $45.13 |
| 2015 | $47.22 | +161.8% | $68.19 |
| 2014 | $94.62 | +424.5% | $136.52 |
| 2013 | $94.76 | +425.3% | $138.89 |
| 2012 | $100.27 | +455.8% | $149.31 |
| 2011 | $89.17 | +394.3% | $136.66 |
| 2010 | $78.33 | +334.2% | $122.01 |
| 2009 | $41.71 | +131.2% | $66.67 |
| 2008 | $92.97 | +415.4% | $148.66 |
| 2007 | $54.51 | +202.2% | $90.89 |
| 2006 | $65.49 | +263.0% | $111.47 |
| 2005 | $46.84 | +159.6% | $82.90 |
| 2004 | $34.31 | +90.2% | $62.53 |
| 2003 | $32.95 | +82.6% | $61.21 |
| 2002 | $19.72 | +9.3% | $37.58 |
| 2001 | $29.59 | +64.0% | $57.04 |
| 2000 | $27.26 | +51.1% | $54.51 |
| 1999 | $12.52 | −30.6% | $25.72 |
| 1998 | $16.72 | −7.3% | $34.92 |
| 1997 | $25.13 | +39.3% | $53.31 |
| 1996 | $18.86 | +4.5% | $41.23 |
| 1995 | $18.04 | — | $40.51 |
| 1994 | $15.03 | −16.7% | $34.70 |
| 1993 | $19.03 | +5.5% | $45.04 |
| 1992 | $18.79 | +4.2% | $45.92 |
| 1991 | $25.23 | +39.9% | $63.26 |
| 1990 | $22.86 | +26.7% | $60.56 |
| 1989 | $18.02 | −0.1% | $50.22 |
| 1988 | $17.13 | −5.0% | $49.97 |
| 1987 | $18.65 | +3.4% | $56.61 |
| 1986 | $22.93 | +27.1% | $70.61 |
“—” 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 January 1995.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Jan 3, 1995 – Jan 31, 1995 | Jan 31, 1995 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jan 3, 1995 – Jan 31, 1995 | Jan 31, 1995 |
| 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:1995 daily prices (CSV)