Oil Prices in February 2008: WTI & Brent Daily Prices and Monthly Average
At $95.39 per barrel, February 2008's WTI average was the highest monthly average in nominal terms since EIA's records began in 1986, up $2.42 (2.6%) from January 2008. The average was 61% above the $59.28 of February 2007.
Daily spot prices, February 2008
Chart data table (20 rows)
| Period | WTI | Brent |
|---|---|---|
| Feb 29, 2008 | $101.78 | $100.90 |
| Feb 28, 2008 | $102.60 | $99.83 |
| Feb 27, 2008 | $99.59 | $98.28 |
| Feb 26, 2008 | $100.83 | $99.05 |
| Feb 25, 2008 | $99.40 | $97.43 |
| Feb 22, 2008 | $99.03 | $96.07 |
| Feb 21, 2008 | $98.57 | $97.52 |
| Feb 20, 2008 | $100.86 | $97.88 |
| Feb 19, 2008 | $99.99 | $97.03 |
| Feb 15, 2008 | $95.57 | $96.96 |
| Feb 14, 2008 | $95.42 | $95.92 |
| Feb 13, 2008 | $93.28 | $93.82 |
| Feb 12, 2008 | $92.82 | $94.28 |
| Feb 11, 2008 | $93.56 | $93.93 |
| Feb 8, 2008 | $91.77 | $91.45 |
| Feb 7, 2008 | $88.07 | $88.55 |
| Feb 6, 2008 | $87.16 | $88.73 |
| Feb 5, 2008 | $88.32 | $89.60 |
| Feb 4, 2008 | $90.07 | $91.09 |
| Feb 1, 2008 | $89.03 | $91.41 |
Prices rose over the month, from $89.03 on Feb 1, 2008 to $101.78 on Feb 29, 2008, with gains on 13 of 20 trading days. The largest one-day move was +$4.42 on Feb 19, 2008 (+4.6%).
Brent averaged $94.99, within a dollar of WTI on average across the 20 dates when both were published.
Adjusted with CPI-U, the February 2008 average equals $151.83 in September 2026 dollars.
February 2008 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $95.39 | $94.99 |
| Change vs January 2008 | +$2.42 | +$2.81 |
| Change vs February 2007 | +$36.11 | +$37.43 |
| Highest daily price | $102.60 Feb 28, 2008 | $100.90 Feb 29, 2008 |
| Lowest daily price | $87.16 Feb 6, 2008 | $88.55 Feb 7, 2008 |
| Published daily observations | 20 | 20 |
| Average in September 2026 dollars (CPI-U) | $151.83 | $151.19 |
Monthly averages are EIA's published figures. Real figures use CPI-U for February 2008.
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 | Feb 1, 2008 – Feb 29, 2008 | Feb 29, 2008 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Feb 1, 2008 – Feb 29, 2008 | Feb 29, 2008 |
| 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:2008 daily prices (CSV)