Oil Prices in August 2014: WTI & Brent Daily Prices and Monthly Average
WTI averaged $96.54 per barrel in August 2014, down $7.05 (6.8%) from July 2014. A year earlier, in August 2013, it averaged $106.57, so the price was lower by $10.03 (9.4%) year over year.
Daily spot prices, August 2014
Chart data table (21 rows)
| Period | WTI | Brent |
|---|---|---|
| Aug 29, 2014 | $97.86 | $101.12 |
| Aug 28, 2014 | $96.44 | $100.71 |
| Aug 27, 2014 | $95.82 | $100.40 |
| Aug 26, 2014 | $95.78 | $100.50 |
| Aug 25, 2014 | $95.39 | $100.49 |
| Aug 22, 2014 | $93.61 | $100.09 |
| Aug 21, 2014 | $93.97 | $100.28 |
| Aug 20, 2014 | $96.40 | $99.92 |
| Aug 19, 2014 | $94.35 | $99.74 |
| Aug 18, 2014 | $96.44 | $99.37 |
| Aug 15, 2014 | $97.30 | $101.13 |
| Aug 14, 2014 | $95.54 | $101.15 |
| Aug 13, 2014 | $97.57 | $102.27 |
| Aug 12, 2014 | $97.36 | $101.68 |
| Aug 11, 2014 | $98.09 | $103.47 |
| Aug 8, 2014 | $97.61 | $103.36 |
| Aug 7, 2014 | $97.34 | $104.02 |
| Aug 6, 2014 | $96.93 | $104.17 |
| Aug 5, 2014 | $97.34 | $102.82 |
| Aug 4, 2014 | $98.26 | $103.63 |
| Aug 1, 2014 | $97.86 | $103.45 |
Daily prices stayed in a narrow $4.65 band, from $93.61 (Aug 22, 2014) to $98.26 (Aug 4, 2014).
Brent averaged $101.61; its premium over WTI on matched dates averaged $5.07, with the daily Brent − WTI difference ranging from +$2.93 to +$7.24.
Adjusted with CPI-U, the August 2014 average equals $136.76 in September 2026 dollars.
August 2014 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $96.54 | $101.61 |
| Change vs July 2014 | −$7.05 | −$5.16 |
| Change vs August 2013 | −$10.03 | −$9.67 |
| Highest daily price | $98.26 Aug 4, 2014 | $104.17 Aug 6, 2014 |
| Lowest daily price | $93.61 Aug 22, 2014 | $99.37 Aug 18, 2014 |
| Published daily observations | 21 | 21 |
| Average in September 2026 dollars (CPI-U) | $136.76 | $143.94 |
Monthly averages are EIA's published figures. Real figures use CPI-U for August 2014.
Part of the price episode: 2014–16 price decline
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Aug 1, 2014 – Aug 29, 2014 | Aug 29, 2014 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Aug 1, 2014 – Aug 29, 2014 | Aug 29, 2014 |
| 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:2014 daily prices (CSV)