Oil Prices in January 2005: WTI & Brent Daily Prices and Monthly Average
WTI averaged $46.84 per barrel in January 2005, up $3.69 (8.6%) from December 2004. The average was 37% above the $34.31 of January 2004.
Daily spot prices, January 2005
Chart data table (21 rows)
| Period | WTI | Brent |
|---|---|---|
| Jan 31, 2005 | $48.25 | $44.51 |
| Jan 28, 2005 | $47.15 | $44.75 |
| Jan 27, 2005 | $48.80 | $46.51 |
| Jan 26, 2005 | $48.80 | $45.94 |
| Jan 25, 2005 | $49.43 | $46.14 |
| Jan 24, 2005 | $48.61 | $45.74 |
| Jan 21, 2005 | $48.31 | $45.88 |
| Jan 20, 2005 | $47.01 | $44.06 |
| Jan 19, 2005 | $47.61 | $45.16 |
| Jan 18, 2005 | $48.46 | $45.18 |
| Jan 17, 2005 | — | $45.10 |
| Jan 14, 2005 | $48.41 | $45.26 |
| Jan 13, 2005 | $48.11 | $45.76 |
| Jan 12, 2005 | $46.46 | $43.75 |
| Jan 11, 2005 | $45.66 | $43.45 |
| Jan 10, 2005 | $45.31 | $44.71 |
| Jan 7, 2005 | $45.32 | $43.28 |
| Jan 6, 2005 | $45.51 | $43.25 |
| Jan 5, 2005 | $43.41 | $41.00 |
| Jan 4, 2005 | $43.96 | $40.75 |
| Jan 3, 2005 | $42.16 | — |
Prices rose over the month, from $42.16 on Jan 3, 2005 to $48.25 on Jan 31, 2005. The largest one-day move was +$2.10 on Jan 6, 2005 (+4.8%).
Brent traded below WTI on average this month: $44.51 for the month, $2.61 under WTI across 19 matched dates.
It was the lowest monthly average of 2005. Adjusted with CPI-U, the January 2005 average equals $82.76 in September 2026 dollars.
January 2005 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $46.84 | $44.51 |
| Change vs December 2004 | +$3.69 | +$4.91 |
| Change vs January 2004 | +$12.53 | +$13.23 |
| Highest daily price | $49.43 Jan 25, 2005 | $46.51 Jan 27, 2005 |
| Lowest daily price | $42.16 Jan 3, 2005 | $40.75 Jan 4, 2005 |
| Published daily observations | 20 | 20 |
| Average in September 2026 dollars (CPI-U) | $82.76 | $78.64 |
Monthly averages are EIA's published figures. Real figures use CPI-U for January 2005.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Jan 3, 2005 – Jan 31, 2005 | Jan 31, 2005 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jan 4, 2005 – Jan 31, 2005 | Jan 31, 2005 |
| 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:2005 daily prices (CSV)