Oil Prices in July 2006: WTI & Brent Daily Prices and Monthly Average
At $74.41 per barrel, July 2006's WTI average was the highest monthly average in nominal terms since EIA's records began in 1986, up $3.46 (4.9%) from June 2006. The average was 26% above the $59.00 of July 2005.
Daily spot prices, July 2006
Chart data table (21 rows)
| Period | WTI | Brent |
|---|---|---|
| Jul 31, 2006 | $74.56 | $74.75 |
| Jul 28, 2006 | $73.30 | $73.95 |
| Jul 27, 2006 | $74.50 | $75.36 |
| Jul 26, 2006 | $73.82 | $73.76 |
| Jul 25, 2006 | $73.46 | $72.49 |
| Jul 24, 2006 | $74.29 | $72.09 |
| Jul 21, 2006 | $73.52 | $72.96 |
| Jul 20, 2006 | $74.00 | $72.56 |
| Jul 19, 2006 | $72.79 | $71.62 |
| Jul 18, 2006 | $73.87 | $75.32 |
| Jul 17, 2006 | $75.70 | $75.12 |
| Jul 14, 2006 | $76.80 | $76.13 |
| Jul 13, 2006 | $76.70 | $75.23 |
| Jul 12, 2006 | $74.99 | $73.04 |
| Jul 11, 2006 | $74.05 | $73.14 |
| Jul 10, 2006 | $73.50 | $72.39 |
| Jul 7, 2006 | $73.76 | $74.14 |
| Jul 6, 2006 | $75.00 | $73.12 |
| Jul 5, 2006 | $75.20 | $72.88 |
| Jul 4, 2006 | — | $73.17 |
| Jul 3, 2006 | — | $73.94 |
Prices peaked at $76.80 on Jul 14, 2006, then fell to $72.79 on Jul 19, 2006 and ended at $74.56.
Brent averaged $73.67, within a dollar of WTI on average across the 19 dates when both were published.
It was the highest monthly average of 2006. Adjusted with CPI-U, the July 2006 average equals $123.20 in September 2026 dollars.
July 2006 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $74.41 | $73.67 |
| Change vs June 2006 | +$3.46 | +$5.11 |
| Change vs July 2005 | +$15.41 | +$16.15 |
| Highest daily price | $76.80 Jul 14, 2006 | $76.13 Jul 14, 2006 |
| Lowest daily price | $72.79 Jul 19, 2006 | $71.62 Jul 19, 2006 |
| Published daily observations | 19 | 21 |
| Average in September 2026 dollars (CPI-U) | $123.20 | $121.98 |
Monthly averages are EIA's published figures. Real figures use CPI-U for July 2006.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Jul 5, 2006 – Jul 31, 2006 | Jul 31, 2006 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jul 3, 2006 – Jul 31, 2006 | Jul 31, 2006 |
| 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:2006 daily prices (CSV)