Oil Prices in November 1996: WTI & Brent Daily Prices and Monthly Average
WTI averaged $23.71 per barrel in November 1996, down $1.17 (4.7%) from October 1996. The average was 32% above the $17.99 of November 1995.
Daily spot prices, November 1996
Chart data table (21 rows; WTI on 20, Brent on 21)
| Period | WTI | Brent |
|---|---|---|
| Nov 29, 1996 | $23.70 | $23.17 |
| Nov 28, 1996 | — | $23.00 |
| Nov 27, 1996 | $23.70 | $23.07 |
| Nov 26, 1996 | $23.70 | $22.78 |
| Nov 25, 1996 | $25.75 | $23.22 |
| Nov 22, 1996 | $24.15 | $23.86 |
| Nov 21, 1996 | $23.90 | $22.90 |
| Nov 20, 1996 | $23.75 | $23.40 |
| Nov 19, 1996 | $24.50 | $23.13 |
| Nov 18, 1996 | $23.85 | $22.75 |
| Nov 15, 1996 | $24.15 | $23.28 |
| Nov 14, 1996 | $24.35 | $23.18 |
| Nov 13, 1996 | $24.25 | $22.88 |
| Nov 12, 1996 | $23.40 | $22.38 |
| Nov 11, 1996 | $23.35 | $22.70 |
| Nov 8, 1996 | $23.60 | $22.40 |
| Nov 7, 1996 | $22.80 | $21.75 |
| Nov 6, 1996 | $22.75 | $21.85 |
| Nov 5, 1996 | $22.65 | $21.85 |
| Nov 4, 1996 | $22.80 | $22.10 |
| Nov 1, 1996 | $23.00 | $22.30 |
Prices dipped to $22.65 on Nov 5, 1996, then climbed to $25.75 on Nov 25, 1996 and ended at $23.70. The largest one-day move was −$2.05 on Nov 26, 1996 (−8.0%).
Brent averaged $22.76, within a dollar of WTI on average across the 20 dates when both were published.
Among the 40 November averages EIA has published, 1996's ranks 13th lowest. Within 1996 it ranks 4th highest 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 $50.46 and the high of $25.75 equals $54.80.
November 1996 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $23.71 | $22.76 |
| Change vs October 1996 | −$1.17 | −$1.40 |
| Change vs November 1995 | +$5.72 | +$5.90 |
| Highest daily price | $25.75 Nov 25, 1996 | $23.86 Nov 22, 1996 |
| Lowest daily price | $22.65 Nov 5, 1996 | $21.75 Nov 7, 1996 |
| Published daily observations | 20 | 21 |
| Average in October 2026 dollars (CPI-U) | $50.46 | $48.43 |
Monthly averages are EIA's published figures. Real figures use CPI-U for November 1996.
November in other years
| Year | WTI average | vs November 1996 | Real |
|---|---|---|---|
| 2026 (to date) | $99.85 | +321.1% | — |
| 2025 | $60.06 | +153.3% | $62.54 |
| 2024 | $69.95 | +195.0% | $74.83 |
| 2023 | $77.69 | +227.7% | $85.40 |
| 2022 | $84.37 | +255.8% | $95.65 |
| 2021 | $79.15 | +233.8% | $96.11 |
| 2020 | $40.94 | +72.7% | $53.10 |
| 2019 | $57.03 | +140.5% | $74.84 |
| 2018 | $56.96 | +140.2% | $76.28 |
| 2017 | $56.64 | +138.9% | $77.50 |
| 2016 | $45.66 | +92.6% | $63.85 |
| 2015 | $42.44 | +79.0% | $60.35 |
| 2014 | $75.79 | +219.7% | $108.32 |
| 2013 | $93.86 | +295.9% | $135.92 |
| 2012 | $86.53 | +265.0% | $126.86 |
| 2011 | $97.16 | +309.8% | $144.95 |
| 2010 | $84.25 | +255.3% | $129.96 |
| 2009 | $77.99 | +228.9% | $121.68 |
| 2008 | $57.31 | +141.7% | $91.06 |
| 2007 | $94.77 | +299.7% | $152.19 |
| 2006 | $59.08 | +149.2% | $98.96 |
| 2005 | $58.32 | +146.0% | $99.61 |
| 2004 | $48.47 | +104.4% | $85.65 |
| 2003 | $31.11 | +31.2% | $56.91 |
| 2002 | $26.35 | +11.1% | $49.05 |
| 2001 | $19.64 | −17.2% | $37.37 |
| 2000 | $34.42 | +45.2% | $66.73 |
| 1999 | $25.00 | +5.4% | $50.14 |
| 1998 | $13.00 | −45.2% | $26.75 |
| 1997 | $20.19 | −14.8% | $42.19 |
| 1996 | $23.71 | — | $50.46 |
| 1995 | $17.99 | −24.1% | $39.53 |
| 1994 | $18.07 | −23.8% | $40.74 |
| 1993 | $16.61 | −29.9% | $38.45 |
| 1992 | $20.34 | −14.2% | $48.34 |
| 1991 | $22.46 | −5.3% | $55.01 |
| 1990 | $32.33 | +36.4% | $81.55 |
| 1989 | $19.86 | −16.2% | $53.24 |
| 1988 | $14.14 | −40.4% | $39.67 |
| 1987 | $18.85 | −20.5% | $55.13 |
| 1986 | $15.22 | −35.8% | $46.53 |
“—” 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 November 1996.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Nov 1, 1996 – Nov 29, 1996 | Nov 29, 1996 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Nov 1, 1996 – Nov 29, 1996 | Nov 29, 1996 |
| 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:1996 daily prices (CSV)