Oil Prices in October 2007: WTI & Brent Daily Prices and Monthly Average
At $85.80 per barrel, October 2007's WTI average was the highest monthly average in nominal terms since EIA's records began in 1986, up $5.88 (7.4%) from September 2007. The average was 46% above the $58.89 of October 2006.
Daily spot prices, October 2007
Chart data table (23 rows)
| Period | WTI | Brent |
|---|---|---|
| Oct 31, 2007 | $94.16 | $89.87 |
| Oct 30, 2007 | $90.33 | $89.87 |
| Oct 29, 2007 | $93.45 | $89.87 |
| Oct 26, 2007 | $91.73 | $84.71 |
| Oct 25, 2007 | $92.09 | $85.40 |
| Oct 24, 2007 | $88.30 | $83.47 |
| Oct 23, 2007 | $86.45 | $82.31 |
| Oct 22, 2007 | $87.60 | $82.72 |
| Oct 19, 2007 | $88.58 | $84.25 |
| Oct 18, 2007 | $89.48 | $85.03 |
| Oct 17, 2007 | $87.19 | $85.24 |
| Oct 16, 2007 | $87.58 | $84.43 |
| Oct 15, 2007 | $86.19 | $82.50 |
| Oct 12, 2007 | $83.73 | $80.82 |
| Oct 11, 2007 | $83.05 | $80.83 |
| Oct 10, 2007 | $81.30 | $77.85 |
| Oct 9, 2007 | $80.23 | $77.82 |
| Oct 8, 2007 | $78.97 | $76.94 |
| Oct 5, 2007 | $81.20 | $79.05 |
| Oct 4, 2007 | $81.48 | $77.84 |
| Oct 3, 2007 | $79.97 | $77.80 |
| Oct 2, 2007 | $80.00 | $76.87 |
| Oct 1, 2007 | $80.31 | $78.33 |
Prices rose over the month, from $80.31 on Oct 1, 2007 to $94.16 on Oct 31, 2007. The largest one-day move was +$3.83 on Oct 31, 2007 (+4.2%).
Brent traded below WTI on average this month: $82.34 for the month, $3.46 under WTI across 23 matched dates.
Adjusted with CPI-U, the October 2007 average equals $138.37 in September 2026 dollars.
October 2007 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $85.80 | $82.34 |
| Change vs September 2007 | +$5.88 | +$5.17 |
| Change vs October 2006 | +$26.91 | +$24.53 |
| Highest daily price | $94.16 Oct 31, 2007 | $89.87 Oct 29, 2007 |
| Lowest daily price | $78.97 Oct 8, 2007 | $76.87 Oct 2, 2007 |
| Published daily observations | 23 | 23 |
| Average in September 2026 dollars (CPI-U) | $138.37 | $132.79 |
Monthly averages are EIA's published figures. Real figures use CPI-U for October 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 | Oct 1, 2007 – Oct 31, 2007 | Oct 31, 2007 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Oct 1, 2007 – Oct 31, 2007 | Oct 31, 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)