Oil Prices in November 1999: WTI & Brent Daily Prices and Monthly Average
WTI's monthly average rose to $25.00 in November 1999, up $2.31 (10.2%) from October 1999, the highest monthly average in nominal terms since January 1997. The average was 92% above the $13.00 of November 1998.
Daily spot prices, November 1999
Chart data table (22 rows; WTI on 21, Brent on 22)
| Period | WTI | Brent |
|---|---|---|
| Nov 30, 1999 | $24.87 | $25.20 |
| Nov 29, 1999 | $25.84 | $25.67 |
| Nov 26, 1999 | $27.22 | $25.85 |
| Nov 25, 1999 | — | $25.94 |
| Nov 24, 1999 | $27.22 | $25.77 |
| Nov 23, 1999 | $26.91 | $25.66 |
| Nov 22, 1999 | $28.03 | $25.86 |
| Nov 19, 1999 | $26.61 | $25.14 |
| Nov 18, 1999 | $25.71 | $25.02 |
| Nov 17, 1999 | $26.57 | $24.98 |
| Nov 16, 1999 | $26.04 | $24.88 |
| Nov 15, 1999 | $25.31 | $25.93 |
| Nov 12, 1999 | $24.91 | $25.39 |
| Nov 11, 1999 | $24.33 | $24.96 |
| Nov 10, 1999 | $24.37 | $25.42 |
| Nov 9, 1999 | $24.21 | $24.44 |
| Nov 8, 1999 | $23.28 | $23.62 |
| Nov 5, 1999 | $22.93 | $22.80 |
| Nov 4, 1999 | $23.17 | $22.64 |
| Nov 3, 1999 | $22.59 | $22.38 |
| Nov 2, 1999 | $22.49 | $21.98 |
| Nov 1, 1999 | $22.44 | $21.32 |
The month's range ran from $22.44 on Nov 1, 1999 to $28.03 on Nov 22, 1999; the last price was $24.87 on Nov 30, 1999. The largest one-day move was +$1.42 on Nov 22, 1999 (+5.3%).
Brent averaged $24.58, within a dollar of WTI on average across the 21 dates when both were published.
Among the 40 November averages EIA has published, 1999's ranks 14th lowest. Within 1999 it ranks 2nd 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 $50.14 and the high of $28.03 equals $56.21.
November 1999 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $25.00 | $24.58 |
| Change vs October 1999 | +$2.31 | +$2.58 |
| Change vs November 1998 | +$12.00 | +$13.54 |
| Highest daily price | $28.03 Nov 22, 1999 | $25.94 Nov 25, 1999 |
| Lowest daily price | $22.44 Nov 1, 1999 | $21.32 Nov 1, 1999 |
| Published daily observations | 21 | 22 |
| Average in October 2026 dollars (CPI-U) | $50.14 | $49.29 |
Monthly averages are EIA's published figures. Real figures use CPI-U for November 1999.
November in other years
| Year | WTI average | vs November 1999 | Real |
|---|---|---|---|
| 2026 (to date) | $99.85 | +299.4% | — |
| 2025 | $60.06 | +140.2% | $62.54 |
| 2024 | $69.95 | +179.8% | $74.83 |
| 2023 | $77.69 | +210.8% | $85.40 |
| 2022 | $84.37 | +237.5% | $95.65 |
| 2021 | $79.15 | +216.6% | $96.11 |
| 2020 | $40.94 | +63.8% | $53.10 |
| 2019 | $57.03 | +128.1% | $74.84 |
| 2018 | $56.96 | +127.8% | $76.28 |
| 2017 | $56.64 | +126.6% | $77.50 |
| 2016 | $45.66 | +82.6% | $63.85 |
| 2015 | $42.44 | +69.8% | $60.35 |
| 2014 | $75.79 | +203.2% | $108.32 |
| 2013 | $93.86 | +275.4% | $135.92 |
| 2012 | $86.53 | +246.1% | $126.86 |
| 2011 | $97.16 | +288.6% | $144.95 |
| 2010 | $84.25 | +237.0% | $129.96 |
| 2009 | $77.99 | +212.0% | $121.68 |
| 2008 | $57.31 | +129.2% | $91.06 |
| 2007 | $94.77 | +279.1% | $152.19 |
| 2006 | $59.08 | +136.3% | $98.96 |
| 2005 | $58.32 | +133.3% | $99.61 |
| 2004 | $48.47 | +93.9% | $85.65 |
| 2003 | $31.11 | +24.4% | $56.91 |
| 2002 | $26.35 | +5.4% | $49.05 |
| 2001 | $19.64 | −21.4% | $37.37 |
| 2000 | $34.42 | +37.7% | $66.73 |
| 1999 | $25.00 | — | $50.14 |
| 1998 | $13.00 | −48.0% | $26.75 |
| 1997 | $20.19 | −19.2% | $42.19 |
| 1996 | $23.71 | −5.2% | $50.46 |
| 1995 | $17.99 | −28.0% | $39.53 |
| 1994 | $18.07 | −27.7% | $40.74 |
| 1993 | $16.61 | −33.6% | $38.45 |
| 1992 | $20.34 | −18.6% | $48.34 |
| 1991 | $22.46 | −10.2% | $55.01 |
| 1990 | $32.33 | +29.3% | $81.55 |
| 1989 | $19.86 | −20.6% | $53.24 |
| 1988 | $14.14 | −43.4% | $39.67 |
| 1987 | $18.85 | −24.6% | $55.13 |
| 1986 | $15.22 | −39.1% | $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 1999.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Nov 1, 1999 – Nov 30, 1999 | Nov 30, 1999 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Nov 1, 1999 – Nov 30, 1999 | Nov 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)