Oil Prices in December 2014: WTI & Brent Daily Prices and Monthly Average
WTI dropped in December 2014: the monthly average fell to $59.29, down $16.50 (21.8%) from November 2014, the lowest monthly average in nominal terms since May 2009. The average was 39% below the $97.63 of December 2013.
Daily spot prices, December 2014
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| Dec 31, 2014 | $53.45 | $55.27 |
| Dec 30, 2014 | $54.14 | $55.60 |
| Dec 29, 2014 | $53.46 | $57.86 |
| Dec 26, 2014 | $54.59 | $58.72 |
| Dec 24, 2014 | $55.70 | $58.67 |
| Dec 23, 2014 | $56.78 | $59.07 |
| Dec 22, 2014 | $55.25 | $58.31 |
| Dec 19, 2014 | $56.91 | $58.87 |
| Dec 18, 2014 | $54.18 | $58.81 |
| Dec 17, 2014 | $56.43 | $59.84 |
| Dec 16, 2014 | $55.97 | $60.26 |
| Dec 15, 2014 | $55.96 | $61.09 |
| Dec 12, 2014 | $57.81 | $61.67 |
| Dec 11, 2014 | $60.01 | $63.65 |
| Dec 10, 2014 | $60.99 | $63.32 |
| Dec 9, 2014 | $63.74 | $66.11 |
| Dec 8, 2014 | $63.13 | $65.64 |
| Dec 5, 2014 | $65.89 | $68.00 |
| Dec 4, 2014 | $66.73 | $68.48 |
| Dec 3, 2014 | $67.30 | $70.13 |
| Dec 2, 2014 | $66.99 | $71.13 |
| Dec 1, 2014 | $68.98 | $70.87 |
Prices fell over the month, from $68.98 on Dec 1, 2014 to $53.45 on Dec 31, 2014, with declines on 14 of 22 trading days. The largest one-day move was +$3.04 on Dec 1, 2014 (+4.6%).
Brent averaged $62.34; its premium over WTI on matched dates averaged $3.04, with the daily Brent − WTI difference ranging from +$1.46 to +$5.13.
It was the lowest monthly average of 2014. Adjusted with CPI-U, the December 2014 average equals $85.08 in September 2026 dollars.
December 2014 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $59.29 | $62.34 |
| Change vs November 2014 | −$16.50 | −$17.10 |
| Change vs December 2013 | −$38.34 | −$48.42 |
| Highest daily price | $68.98 Dec 1, 2014 | $71.13 Dec 2, 2014 |
| Lowest daily price | $53.45 Dec 31, 2014 | $55.27 Dec 31, 2014 |
| Published daily observations | 22 | 22 |
| Average in September 2026 dollars (CPI-U) | $85.08 | $89.45 |
Monthly averages are EIA's published figures. Real figures use CPI-U for December 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 | Dec 1, 2014 – Dec 31, 2014 | Dec 31, 2014 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Dec 1, 2014 – Dec 31, 2014 | Dec 31, 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)