Oil Prices in July 1999: WTI & Brent Daily Prices and Monthly Average
WTI's monthly average rose to $20.10 in July 1999, up $2.18 (12.2%) from June 1999, the highest monthly average in nominal terms since November 1997. The average was 42% above the $14.17 of July 1998.
Daily spot prices, July 1999
Chart data table (21 rows; WTI on 21, Brent on 21)
| Period | WTI | Brent |
|---|---|---|
| Jul 30, 1999 | $20.52 | $19.97 |
| Jul 29, 1999 | $21.09 | $19.97 |
| Jul 28, 1999 | $20.61 | $19.65 |
| Jul 27, 1999 | $20.40 | $19.46 |
| Jul 26, 1999 | $20.49 | $19.73 |
| Jul 23, 1999 | $20.41 | $19.69 |
| Jul 22, 1999 | $19.84 | $19.01 |
| Jul 21, 1999 | $19.54 | $18.62 |
| Jul 20, 1999 | $19.38 | $19.33 |
| Jul 19, 1999 | $20.28 | $19.75 |
| Jul 16, 1999 | $20.66 | $19.42 |
| Jul 15, 1999 | $20.26 | $18.90 |
| Jul 14, 1999 | $19.89 | $19.48 |
| Jul 13, 1999 | $20.33 | $19.49 |
| Jul 12, 1999 | $19.92 | $18.94 |
| Jul 9, 1999 | $19.94 | $18.90 |
| Jul 8, 1999 | $19.76 | $18.74 |
| Jul 7, 1999 | $19.98 | $18.36 |
| Jul 6, 1999 | $19.78 | $18.47 |
| Jul 2, 1999 | $19.70 | $17.55 |
| Jul 1, 1999 | $19.39 | $17.25 |
Prices rose over the month, from $19.39 on Jul 1, 1999 to $20.52 on Jul 30, 1999, with gains on 14 of 21 trading days. The largest one-day move was −$0.90 on Jul 20, 1999 (−4.4%).
Brent averaged $19.08, on matched dates $1.02 below WTI on average across 21 dates.
Among the 41 July averages EIA has published, 1999's ranks 10th lowest. Within 1999 it ranks 6th highest of the 12 monthly averages. The high was $21.09 on Jul 29, 1999 and the low $19.38 on Jul 20, 1999. In October 2026 dollars (CPI-U), the average equals $40.70 and the high of $21.09 equals $42.70.
July 1999 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $20.10 | $19.08 |
| Change vs June 1999 | +$2.18 | +$3.22 |
| Change vs July 1998 | +$5.93 | +$7.00 |
| Highest daily price | $21.09 Jul 29, 1999 | $19.97 Jul 29, 1999 |
| Lowest daily price | $19.38 Jul 20, 1999 | $17.25 Jul 1, 1999 |
| Published daily observations | 21 | 21 |
| Average in October 2026 dollars (CPI-U) | $40.70 | $38.63 |
Monthly averages are EIA's published figures. Real figures use CPI-U for July 1999.
July in other years
| Year | WTI average | vs July 1999 | Real |
|---|---|---|---|
| 2026 | $80.46 | +300.3% | $81.33 |
| 2025 | $68.39 | +240.2% | $71.45 |
| 2024 | $81.80 | +307.0% | $87.77 |
| 2023 | $76.07 | +278.5% | $83.99 |
| 2022 | $101.62 | +405.6% | $115.76 |
| 2021 | $72.49 | +260.6% | $89.62 |
| 2020 | $40.71 | +102.5% | $53.03 |
| 2019 | $57.35 | +185.3% | $75.44 |
| 2018 | $70.98 | +253.1% | $95.06 |
| 2017 | $46.63 | +132.0% | $64.29 |
| 2016 | $44.65 | +122.1% | $62.63 |
| 2015 | $50.90 | +153.2% | $71.98 |
| 2014 | $103.59 | +415.4% | $146.75 |
| 2013 | $104.67 | +420.7% | $151.23 |
| 2012 | $87.90 | +337.3% | $129.49 |
| 2011 | $97.30 | +384.1% | $145.36 |
| 2010 | $76.32 | +279.7% | $118.15 |
| 2009 | $64.15 | +219.2% | $100.54 |
| 2008 | $133.37 | +563.5% | $204.64 |
| 2007 | $74.12 | +268.8% | $120.10 |
| 2006 | $74.41 | +270.2% | $123.41 |
| 2005 | $59.00 | +193.5% | $101.91 |
| 2004 | $40.78 | +102.9% | $72.67 |
| 2003 | $30.76 | +53.0% | $56.45 |
| 2002 | $26.97 | +34.2% | $50.54 |
| 2001 | $26.43 | +31.5% | $50.26 |
| 2000 | $29.70 | +47.8% | $58.01 |
| 1999 | $20.10 | — | $40.70 |
| 1998 | $14.17 | −29.5% | $29.30 |
| 1997 | $19.66 | −2.2% | $41.34 |
| 1996 | $21.30 | +6.0% | $45.79 |
| 1995 | $17.33 | −13.8% | $38.35 |
| 1994 | $19.66 | −2.2% | $44.71 |
| 1993 | $17.89 | −11.0% | $41.81 |
| 1992 | $21.78 | +8.4% | $52.32 |
| 1991 | $21.40 | +6.5% | $53.03 |
| 1990 | $18.45 | −8.2% | $47.75 |
| 1989 | $19.78 | −1.6% | $53.67 |
| 1988 | $15.50 | −22.9% | $44.15 |
| 1987 | $21.34 | +6.2% | $63.29 |
| 1986 | $11.59 | −42.3% | $35.72 |
“—” 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 July 1999.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Jul 1, 1999 – Jul 30, 1999 | Jul 30, 1999 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jul 1, 1999 – Jul 30, 1999 | Jul 30, 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)