Oil Prices in March 2016: WTI & Brent Daily Prices and Monthly Average
WTI jumped in March 2016: the monthly average rose to $37.55, up $7.23 (23.8%) from February 2016. A year earlier, in March 2015, it averaged $47.82, so the price was lower by $10.27 (21.5%) year over year.
Daily spot prices, March 2016
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| Mar 31, 2016 | $36.94 | $36.75 |
| Mar 30, 2016 | $36.91 | $36.75 |
| Mar 29, 2016 | $36.91 | $36.75 |
| Mar 28, 2016 | $37.99 | $38.33 |
| Mar 24, 2016 | $38.14 | $38.33 |
| Mar 23, 2016 | $38.28 | $38.84 |
| Mar 22, 2016 | $41.45 | $40.54 |
| Mar 21, 2016 | $39.91 | $39.91 |
| Mar 18, 2016 | $39.47 | $39.26 |
| Mar 17, 2016 | $40.17 | $39.29 |
| Mar 16, 2016 | $38.43 | $38.38 |
| Mar 15, 2016 | $36.32 | $37.49 |
| Mar 14, 2016 | $37.20 | $38.06 |
| Mar 11, 2016 | $38.51 | $39.41 |
| Mar 10, 2016 | $37.77 | $38.63 |
| Mar 9, 2016 | $37.62 | $40.26 |
| Mar 8, 2016 | $36.67 | $39.16 |
| Mar 7, 2016 | $37.90 | $39.02 |
| Mar 4, 2016 | $35.91 | $37.61 |
| Mar 3, 2016 | $34.56 | $35.75 |
| Mar 2, 2016 | $34.57 | $36.38 |
| Mar 1, 2016 | $34.39 | $35.73 |
The month's range ran from $34.39 on Mar 1, 2016 to $41.45 on Mar 22, 2016; the last price was $36.94 on Mar 31, 2016. The largest one-day move was −$3.17 on Mar 23, 2016 (−7.6%).
Brent averaged $38.21, within a dollar of WTI on average across the 22 dates when both were published.
Adjusted with CPI-U, the March 2016 average equals $53.13 in September 2026 dollars.
March 2016 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $37.55 | $38.21 |
| Change vs February 2016 | +$7.23 | +$6.03 |
| Change vs March 2015 | −$10.27 | −$17.68 |
| Highest daily price | $41.45 Mar 22, 2016 | $40.54 Mar 22, 2016 |
| Lowest daily price | $34.39 Mar 1, 2016 | $35.73 Mar 1, 2016 |
| Published daily observations | 22 | 22 |
| Average in September 2026 dollars (CPI-U) | $53.13 | $54.06 |
Monthly averages are EIA's published figures. Real figures use CPI-U for March 2016.
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 | Mar 1, 2016 – Mar 31, 2016 | Mar 31, 2016 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Mar 1, 2016 – Mar 31, 2016 | Mar 31, 2016 |
| 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:2016 daily prices (CSV)