Oil Prices in June 1997: WTI & Brent Daily Prices and Monthly Average
At $19.26 per barrel, June 1997's WTI average was the lowest monthly average in nominal terms since February 1996, down $1.56 (7.5%) from May 1997. A year earlier, in June 1996, it averaged $20.42, so the price was lower by $1.16 (5.7%) year over year.
Daily spot prices, June 1997
Chart data table (21 rows; WTI on 21, Brent on 21)
| Period | WTI | Brent |
|---|---|---|
| Jun 30, 1997 | $19.82 | $18.22 |
| Jun 27, 1997 | $19.42 | $18.00 |
| Jun 26, 1997 | $18.84 | $17.60 |
| Jun 25, 1997 | $19.12 | $17.65 |
| Jun 24, 1997 | $18.71 | $17.65 |
| Jun 23, 1997 | $18.90 | $17.80 |
| Jun 20, 1997 | $18.60 | $17.09 |
| Jun 19, 1997 | $18.75 | $17.34 |
| Jun 18, 1997 | $18.90 | $17.22 |
| Jun 17, 1997 | $19.30 | $17.55 |
| Jun 16, 1997 | $19.10 | $17.15 |
| Jun 13, 1997 | $18.95 | $16.83 |
| Jun 12, 1997 | $19.00 | $16.79 |
| Jun 11, 1997 | $18.75 | $16.69 |
| Jun 10, 1997 | $18.85 | $17.01 |
| Jun 9, 1997 | $18.85 | $17.08 |
| Jun 6, 1997 | $19.00 | $17.43 |
| Jun 5, 1997 | $19.80 | $17.96 |
| Jun 4, 1997 | $20.30 | $18.36 |
| Jun 3, 1997 | $20.35 | $18.59 |
| Jun 2, 1997 | $21.15 | $19.17 |
The month's range ran from $18.60 on Jun 20, 1997 to $21.15 on Jun 2, 1997; the last price was $19.82 on Jun 30, 1997. The largest one-day move was −$0.80 on Jun 6, 1997 (−4.0%).
Brent averaged $17.58, on matched dates $1.68 below WTI on average across 21 dates.
Among the 41 June averages EIA has published, 1997's ranks 9th lowest. Within 1997 it ranks 2nd lowest of the 12 monthly averages. In October 2026 dollars (CPI-U), the average equals $40.55 and the high of $21.15 equals $44.53.
June 1997 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $19.26 | $17.58 |
| Change vs May 1997 | −$1.56 | −$1.44 |
| Change vs June 1996 | −$1.16 | −$0.88 |
| Highest daily price | $21.15 Jun 2, 1997 | $19.17 Jun 2, 1997 |
| Lowest daily price | $18.60 Jun 20, 1997 | $16.69 Jun 11, 1997 |
| Published daily observations | 21 | 21 |
| Average in October 2026 dollars (CPI-U) | $40.55 | $37.01 |
Monthly averages are EIA's published figures. Real figures use CPI-U for June 1997.
June in other years
| Year | WTI average | vs June 1997 | Real |
|---|---|---|---|
| 2026 | $84.81 | +340.3% | $85.71 |
| 2025 | $68.17 | +253.9% | $71.33 |
| 2024 | $79.77 | +314.2% | $85.70 |
| 2023 | $70.25 | +264.7% | $77.71 |
| 2022 | $114.84 | +496.3% | $130.81 |
| 2021 | $71.38 | +270.6% | $88.67 |
| 2020 | $38.31 | +98.9% | $50.16 |
| 2019 | $54.66 | +183.8% | $72.02 |
| 2018 | $67.87 | +252.4% | $90.90 |
| 2017 | $45.18 | +134.6% | $62.25 |
| 2016 | $48.76 | +153.2% | $68.28 |
| 2015 | $59.82 | +210.6% | $84.60 |
| 2014 | $105.79 | +449.3% | $149.81 |
| 2013 | $95.77 | +397.2% | $138.43 |
| 2012 | $82.30 | +327.3% | $121.04 |
| 2011 | $96.26 | +399.8% | $143.93 |
| 2010 | $75.34 | +291.2% | $116.66 |
| 2009 | $69.64 | +261.6% | $108.97 |
| 2008 | $133.88 | +595.1% | $206.50 |
| 2007 | $67.49 | +250.4% | $109.33 |
| 2006 | $70.95 | +268.4% | $118.02 |
| 2005 | $56.35 | +192.6% | $97.78 |
| 2004 | $38.03 | +97.5% | $67.66 |
| 2003 | $30.66 | +59.2% | $56.33 |
| 2002 | $25.52 | +32.5% | $47.88 |
| 2001 | $27.60 | +43.3% | $52.33 |
| 2000 | $31.82 | +65.2% | $62.29 |
| 1999 | $17.92 | −7.0% | $36.39 |
| 1998 | $13.72 | −28.8% | $28.41 |
| 1997 | $19.26 | — | $40.55 |
| 1996 | $20.42 | +6.0% | $43.98 |
| 1995 | $18.45 | −4.2% | $40.83 |
| 1994 | $19.06 | −1.0% | $43.47 |
| 1993 | $19.09 | −0.9% | $44.62 |
| 1992 | $22.39 | +16.3% | $53.90 |
| 1991 | $20.19 | +4.8% | $50.11 |
| 1990 | $16.70 | −13.3% | $43.39 |
| 1989 | $20.05 | +4.1% | $54.53 |
| 1988 | $16.53 | −14.2% | $47.28 |
| 1987 | $20.07 | +4.2% | $59.68 |
| 1986 | $13.43 | −30.3% | $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 1997.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Jun 2, 1997 – Jun 30, 1997 | Jun 30, 1997 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jun 2, 1997 – Jun 30, 1997 | Jun 30, 1997 |
| 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:1997 daily prices (CSV)