Oil Prices in February 1999: WTI & Brent Daily Prices and Monthly Average
WTI averaged $12.01 per barrel in February 1999, down $0.51 (4.1%) from January 1999. The average was 25% below the $16.06 of February 1998.
Daily spot prices, February 1999
Chart data table (19 rows; WTI on 19, Brent on 19)
| Period | WTI | Brent |
|---|---|---|
| Feb 26, 1999 | $12.31 | $10.58 |
| Feb 25, 1999 | $12.61 | $10.84 |
| Feb 24, 1999 | $12.49 | $10.64 |
| Feb 23, 1999 | $12.44 | $10.58 |
| Feb 22, 1999 | $11.97 | $10.24 |
| Feb 19, 1999 | $11.79 | $10.29 |
| Feb 18, 1999 | $11.97 | $9.93 |
| Feb 17, 1999 | $11.49 | $10.09 |
| Feb 16, 1999 | $11.38 | $9.98 |
| Feb 12, 1999 | $11.90 | $9.97 |
| Feb 11, 1999 | $11.94 | $9.82 |
| Feb 10, 1999 | $11.88 | $9.88 |
| Feb 9, 1999 | $11.66 | $9.77 |
| Feb 8, 1999 | $11.65 | $9.97 |
| Feb 5, 1999 | $11.85 | $10.18 |
| Feb 4, 1999 | $11.94 | $10.42 |
| Feb 3, 1999 | $12.42 | $10.78 |
| Feb 2, 1999 | $12.21 | $10.39 |
| Feb 1, 1999 | $12.36 | $10.81 |
Prices dipped to $11.38 on Feb 16, 1999, then climbed to $12.61 on Feb 25, 1999 and ended at $12.31. The largest one-day move was −$0.52 on Feb 16, 1999 (−4.4%).
Brent averaged $10.27, on matched dates $1.74 below WTI on average across 19 dates.
Among the 41 February averages EIA has published, 1999's ranks the lowest. Within 1999 it ranks the lowest of the 12 monthly averages. In October 2026 dollars (CPI-U), the average equals $24.64 and the high of $12.61 equals $25.87.
February 1999 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $12.01 | $10.27 |
| Change vs January 1999 | −$0.51 | −$0.84 |
| Change vs February 1998 | −$4.05 | −$3.80 |
| Highest daily price | $12.61 Feb 25, 1999 | $10.84 Feb 25, 1999 |
| Lowest daily price | $11.38 Feb 16, 1999 | $9.77 Feb 9, 1999 |
| Published daily observations | 19 | 19 |
| Average in October 2026 dollars (CPI-U) | $24.64 | $21.07 |
Monthly averages are EIA's published figures. Real figures use CPI-U for February 1999.
February in other years
| Year | WTI average | vs February 1999 | Real |
|---|---|---|---|
| 2026 | $64.51 | +437.1% | $66.63 |
| 2025 | $71.53 | +495.6% | $75.66 |
| 2024 | $77.25 | +543.2% | $84.02 |
| 2023 | $76.83 | +539.7% | $86.20 |
| 2022 | $91.64 | +663.0% | $109.02 |
| 2021 | $59.04 | +391.6% | $75.76 |
| 2020 | $50.54 | +320.8% | $65.94 |
| 2019 | $54.95 | +357.5% | $73.37 |
| 2018 | $62.23 | +418.2% | $84.35 |
| 2017 | $53.47 | +345.2% | $74.08 |
| 2016 | $30.32 | +152.5% | $43.16 |
| 2015 | $50.58 | +321.1% | $72.73 |
| 2014 | $100.82 | +739.5% | $144.93 |
| 2013 | $95.31 | +693.6% | $138.56 |
| 2012 | $102.20 | +751.0% | $151.51 |
| 2011 | $88.58 | +637.6% | $135.09 |
| 2010 | $76.39 | +536.1% | $118.96 |
| 2009 | $39.09 | +225.5% | $62.18 |
| 2008 | $95.39 | +694.3% | $152.08 |
| 2007 | $59.28 | +393.6% | $98.32 |
| 2006 | $61.63 | +413.2% | $104.68 |
| 2005 | $48.15 | +300.9% | $84.73 |
| 2004 | $34.69 | +188.8% | $62.88 |
| 2003 | $35.83 | +198.3% | $66.05 |
| 2002 | $20.72 | +72.5% | $39.33 |
| 2001 | $29.61 | +146.5% | $56.85 |
| 2000 | $29.37 | +144.5% | $58.38 |
| 1999 | $12.01 | — | $24.64 |
| 1998 | $16.06 | +33.7% | $33.48 |
| 1997 | $22.18 | +84.7% | $46.90 |
| 1996 | $19.09 | +59.0% | $41.60 |
| 1995 | $18.57 | +54.6% | $41.53 |
| 1994 | $14.78 | +23.1% | $34.00 |
| 1993 | $20.09 | +67.3% | $47.38 |
| 1992 | $19.01 | +58.3% | $46.29 |
| 1991 | $20.48 | +70.5% | $51.28 |
| 1990 | $22.11 | +84.1% | $58.30 |
| 1989 | $17.94 | +49.4% | $49.79 |
| 1988 | $16.80 | +39.9% | $48.88 |
| 1987 | $17.75 | +47.8% | $53.68 |
| 1986 | $15.46 | +28.7% | $47.74 |
“—” 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 February 1999.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Feb 1, 1999 – Feb 26, 1999 | Feb 26, 1999 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Feb 1, 1999 – Feb 26, 1999 | Feb 26, 1999 |
| 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:1999 daily prices (CSV)