Oil Prices in March 2007: WTI & Brent Daily Prices and Monthly Average
WTI averaged $60.44 per barrel in March 2007, up $1.16 (2.0%) from February 2007. A year earlier, in March 2006, it averaged $62.69, so the price was lower by $2.25 (3.6%) year over year.
Daily spot prices, March 2007
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| Mar 30, 2007 | $65.94 | $68.47 |
| Mar 29, 2007 | $66.10 | $67.19 |
| Mar 28, 2007 | $64.11 | $66.15 |
| Mar 27, 2007 | $62.98 | $64.25 |
| Mar 26, 2007 | $61.77 | $64.43 |
| Mar 23, 2007 | $61.07 | $63.10 |
| Mar 22, 2007 | $60.21 | $61.57 |
| Mar 21, 2007 | $56.98 | $60.18 |
| Mar 20, 2007 | $56.41 | $60.11 |
| Mar 19, 2007 | $56.65 | $60.49 |
| Mar 16, 2007 | $57.06 | $60.93 |
| Mar 15, 2007 | $57.52 | $60.40 |
| Mar 14, 2007 | $58.15 | $60.89 |
| Mar 13, 2007 | $58.03 | $61.52 |
| Mar 12, 2007 | $58.94 | $60.59 |
| Mar 9, 2007 | $60.06 | $60.25 |
| Mar 8, 2007 | $61.63 | $60.90 |
| Mar 7, 2007 | $61.85 | $61.13 |
| Mar 6, 2007 | $60.66 | $59.68 |
| Mar 5, 2007 | $60.05 | $59.78 |
| Mar 2, 2007 | $61.58 | $61.92 |
| Mar 1, 2007 | $61.97 | $61.18 |
Prices rose over the month, from $61.97 on Mar 1, 2007 to $65.94 on Mar 30, 2007. The largest one-day move was +$3.23 on Mar 22, 2007 (+5.7%).
Brent averaged $62.05; its premium over WTI on matched dates averaged $1.61, with the daily Brent − WTI difference ranging from −$0.98 to +$3.87.
Adjusted with CPI-U, the March 2007 average equals $99.17 in September 2026 dollars.
March 2007 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $60.44 | $62.05 |
| Change vs February 2007 | +$1.16 | +$4.49 |
| Change vs March 2006 | −$2.25 | −$0.01 |
| Highest daily price | $66.10 Mar 29, 2007 | $68.47 Mar 30, 2007 |
| Lowest daily price | $56.41 Mar 20, 2007 | $59.68 Mar 6, 2007 |
| Published daily observations | 22 | 22 |
| Average in September 2026 dollars (CPI-U) | $99.17 | $101.81 |
Monthly averages are EIA's published figures. Real figures use CPI-U for March 2007.
Part of the price episode: 2008 spike and crash
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Mar 1, 2007 – Mar 30, 2007 | Mar 30, 2007 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Mar 1, 2007 – Mar 30, 2007 | Mar 30, 2007 |
| 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:2007 daily prices (CSV)