Oil Prices in October 2004: WTI & Brent Daily Prices and Monthly Average
WTI jumped in October 2004: the monthly average rose to $53.28, up $7.34 (16.0%) from September 2004, the highest monthly average in nominal terms since EIA's records began in 1986. The average was 76% above the $30.34 of October 2003.
Daily spot prices, October 2004
Chart data table (21 rows)
| Period | WTI | Brent |
|---|---|---|
| Oct 29, 2004 | $51.78 | $48.16 |
| Oct 28, 2004 | $50.95 | $48.88 |
| Oct 27, 2004 | $52.52 | $49.99 |
| Oct 26, 2004 | $56.37 | $52.04 |
| Oct 25, 2004 | $55.52 | $51.68 |
| Oct 22, 2004 | $55.83 | $52.28 |
| Oct 21, 2004 | $54.51 | $51.06 |
| Oct 20, 2004 | $54.93 | $50.78 |
| Oct 19, 2004 | $53.28 | $49.21 |
| Oct 18, 2004 | $53.59 | $49.16 |
| Oct 15, 2004 | $54.89 | $51.02 |
| Oct 14, 2004 | $54.69 | $51.31 |
| Oct 13, 2004 | $53.86 | $50.42 |
| Oct 12, 2004 | $53.49 | $51.28 |
| Oct 11, 2004 | $53.65 | $50.75 |
| Oct 8, 2004 | $53.40 | $49.41 |
| Oct 7, 2004 | $52.56 | $48.98 |
| Oct 6, 2004 | $51.98 | $47.95 |
| Oct 5, 2004 | $51.08 | $47.10 |
| Oct 4, 2004 | $49.85 | $46.99 |
| Oct 1, 2004 | $50.16 | $46.86 |
Prices dipped to $49.85 on Oct 4, 2004, then climbed to $56.37 on Oct 26, 2004 and ended at $51.78. The largest one-day move was −$3.85 on Oct 27, 2004 (−6.8%).
Brent traded below WTI on average this month: $49.78 for the month, $3.50 under WTI across 21 matched dates.
It was the highest monthly average of 2004. Adjusted with CPI-U, the October 2004 average equals $94.04 in September 2026 dollars.
October 2004 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $53.28 | $49.78 |
| Change vs September 2004 | +$7.34 | +$6.58 |
| Change vs October 2003 | +$22.94 | +$20.17 |
| Highest daily price | $56.37 Oct 26, 2004 | $52.28 Oct 22, 2004 |
| Lowest daily price | $49.85 Oct 4, 2004 | $46.86 Oct 1, 2004 |
| Published daily observations | 21 | 21 |
| Average in September 2026 dollars (CPI-U) | $94.04 | $87.86 |
Monthly averages are EIA's published figures. Real figures use CPI-U for October 2004.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Oct 1, 2004 – Oct 29, 2004 | Oct 29, 2004 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Oct 1, 2004 – Oct 29, 2004 | Oct 29, 2004 |
| 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:2004 daily prices (CSV)