Oil Prices in March 1999: WTI & Brent Daily Prices and Monthly Average
WTI's monthly average rose to $14.68 in March 1999, up $2.67 (22.2%) from February 1999. It was within 3% of its level a year earlier ($15.12 in March 1998).
Daily spot prices, March 1999
Chart data table (23 rows; WTI on 23, Brent on 23)
| Period | WTI | Brent |
|---|---|---|
| Mar 31, 1999 | $16.66 | $15.02 |
| Mar 30, 1999 | $16.66 | $14.50 |
| Mar 29, 1999 | $16.46 | $14.34 |
| Mar 26, 1999 | $16.16 | $13.97 |
| Mar 25, 1999 | $15.66 | $13.50 |
| Mar 24, 1999 | $15.18 | $13.37 |
| Mar 23, 1999 | $15.36 | $13.64 |
| Mar 22, 1999 | $15.39 | $13.37 |
| Mar 19, 1999 | $15.26 | $13.15 |
| Mar 18, 1999 | $15.11 | $13.35 |
| Mar 17, 1999 | $15.11 | $12.95 |
| Mar 16, 1999 | $14.60 | $12.11 |
| Mar 15, 1999 | $14.48 | $12.17 |
| Mar 12, 1999 | $14.51 | $12.30 |
| Mar 11, 1999 | $14.30 | $11.86 |
| Mar 10, 1999 | $14.74 | $11.46 |
| Mar 9, 1999 | $13.78 | $11.25 |
| Mar 8, 1999 | $13.63 | $11.49 |
| Mar 5, 1999 | $13.33 | $11.02 |
| Mar 4, 1999 | $13.32 | $11.20 |
| Mar 3, 1999 | $12.92 | $10.81 |
| Mar 2, 1999 | $12.66 | $10.41 |
| Mar 1, 1999 | $12.28 | $10.52 |
Prices rose over the month, from $12.28 on Mar 1, 1999 to $16.66 on Mar 31, 1999, with gains on 16 of 21 trading days. The largest one-day move was +$0.96 on Mar 10, 1999 (+7.0%).
Brent averaged $12.51, on matched dates $2.17 below WTI on average across 23 dates.
Among the 41 March averages EIA has published, 1999's ranks 3rd lowest, tied with 1994. Within 1999 it ranks 3rd lowest of the 12 monthly averages. WTI moved 5% or more from the previous published price on 1 day. In October 2026 dollars (CPI-U), the average equals $30.03 and the high of $16.66 equals $34.08.
March 1999 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $14.68 | $12.51 |
| Change vs February 1999 | +$2.67 | +$2.24 |
| Change vs March 1998 | −$0.44 | −$0.59 |
| Highest daily price | $16.66 Mar 30, 1999 | $15.02 Mar 31, 1999 |
| Lowest daily price | $12.28 Mar 1, 1999 | $10.41 Mar 2, 1999 |
| Published daily observations | 23 | 23 |
| Average in October 2026 dollars (CPI-U) | $30.03 | $25.59 |
Monthly averages are EIA's published figures. Real figures use CPI-U for March 1999.
March in other years
| Year | WTI average | vs March 1999 | Real |
|---|---|---|---|
| 2026 | $91.38 | +522.5% | $93.40 |
| 2025 | $68.24 | +364.9% | $72.02 |
| 2024 | $81.28 | +453.7% | $87.83 |
| 2023 | $73.28 | +399.2% | $81.94 |
| 2022 | $108.50 | +639.1% | $127.37 |
| 2021 | $62.33 | +324.6% | $79.42 |
| 2020 | $29.21 | +99.0% | $38.19 |
| 2019 | $58.15 | +296.1% | $77.21 |
| 2018 | $62.73 | +327.3% | $84.84 |
| 2017 | $49.33 | +236.0% | $68.29 |
| 2016 | $37.55 | +155.8% | $53.22 |
| 2015 | $47.82 | +225.7% | $68.35 |
| 2014 | $100.80 | +586.6% | $143.98 |
| 2013 | $92.94 | +533.1% | $134.76 |
| 2012 | $106.16 | +623.2% | $156.20 |
| 2011 | $102.86 | +600.7% | $155.35 |
| 2010 | $81.20 | +453.1% | $125.93 |
| 2009 | $47.94 | +226.6% | $76.07 |
| 2008 | $105.45 | +618.3% | $166.68 |
| 2007 | $60.44 | +311.7% | $99.34 |
| 2006 | $62.69 | +327.0% | $105.90 |
| 2005 | $54.19 | +269.1% | $94.62 |
| 2004 | $36.74 | +150.3% | $66.17 |
| 2003 | $33.51 | +128.3% | $61.40 |
| 2002 | $24.53 | +67.1% | $46.30 |
| 2001 | $27.25 | +85.6% | $52.20 |
| 2000 | $29.84 | +103.3% | $58.83 |
| 1999 | $14.68 | — | $30.03 |
| 1998 | $15.12 | +3.0% | $31.46 |
| 1997 | $20.97 | +42.8% | $44.24 |
| 1996 | $21.33 | +45.3% | $46.24 |
| 1995 | $18.54 | +26.3% | $41.33 |
| 1994 | $14.68 | 0.0% | $33.66 |
| 1993 | $20.32 | +38.4% | $47.76 |
| 1992 | $18.92 | +28.9% | $45.84 |
| 1991 | $19.90 | +35.6% | $49.75 |
| 1990 | $20.39 | +38.9% | $53.47 |
| 1989 | $19.48 | +32.7% | $53.76 |
| 1988 | $16.20 | +10.4% | $46.93 |
| 1987 | $18.30 | +24.7% | $55.10 |
| 1986 | $12.61 | −14.1% | $39.12 |
“—” 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 March 1999.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Mar 1, 1999 – Mar 31, 1999 | Mar 31, 1999 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Mar 1, 1999 – Mar 31, 1999 | Mar 31, 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)