Oil Prices in November 2002: WTI & Brent Daily Prices and Monthly Average
WTI averaged $26.35 per barrel in November 2002, down $2.49 (8.6%) from October 2002. The average was 34% above the $19.64 of November 2001.
Daily spot prices, November 2002
Chart data table (21 rows)
| Period | WTI | Brent |
|---|---|---|
| Nov 29, 2002 | — | $25.74 |
| Nov 28, 2002 | — | $25.70 |
| Nov 27, 2002 | $26.87 | $25.11 |
| Nov 26, 2002 | $26.60 | $24.56 |
| Nov 25, 2002 | $27.01 | $24.85 |
| Nov 22, 2002 | $27.73 | $24.79 |
| Nov 21, 2002 | $27.07 | $24.52 |
| Nov 20, 2002 | $27.00 | $24.05 |
| Nov 19, 2002 | $26.41 | $24.05 |
| Nov 18, 2002 | $26.71 | $23.41 |
| Nov 15, 2002 | $25.50 | $23.33 |
| Nov 14, 2002 | $25.40 | $22.82 |
| Nov 13, 2002 | $25.28 | $22.96 |
| Nov 12, 2002 | $26.19 | $24.01 |
| Nov 11, 2002 | $26.02 | $23.86 |
| Nov 8, 2002 | $25.83 | $23.54 |
| Nov 7, 2002 | $25.36 | $24.36 |
| Nov 6, 2002 | $25.72 | $23.73 |
| Nov 5, 2002 | $26.06 | $24.66 |
| Nov 4, 2002 | $26.89 | $25.21 |
| Nov 1, 2002 | $27.04 | $25.78 |
Prices dipped to $25.28 on Nov 13, 2002, then climbed to $27.73 on Nov 22, 2002 and ended at $26.87. The largest one-day move was +$1.21 on Nov 18, 2002 (+4.7%).
Brent traded below WTI on average this month: $24.34 for the month, $2.16 under WTI across 19 matched dates.
Adjusted with CPI-U, the November 2002 average equals $48.97 in September 2026 dollars.
November 2002 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $26.35 | $24.34 |
| Change vs October 2002 | −$2.49 | −$3.20 |
| Change vs November 2001 | +$6.71 | +$5.54 |
| Highest daily price | $27.73 Nov 22, 2002 | $25.78 Nov 1, 2002 |
| Lowest daily price | $25.28 Nov 13, 2002 | $22.82 Nov 14, 2002 |
| Published daily observations | 19 | 21 |
| Average in September 2026 dollars (CPI-U) | $48.97 | $45.24 |
Monthly averages are EIA's published figures. Real figures use CPI-U for November 2002.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Nov 1, 2002 – Nov 27, 2002 | Nov 27, 2002 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Nov 1, 2002 – Nov 29, 2002 | Nov 29, 2002 |
| U.S. Bureau of Labor Statistics | CUUR0000SA0 — CPI-U, all items, NSA | index, 1982–84=100 | monthly | September 2026 |
Last updated: Oct 21, 2026, 5:27 PM CDT. Raw values are shown in source units; any conversion is labeled. See methodology and data sources.
Download:2002 daily prices (CSV)