Oil Prices in August 2017: WTI & Brent Daily Prices and Monthly Average
WTI averaged $48.04 per barrel in August 2017, up $1.41 (3.0%) from July 2017. A year earlier, in August 2016, it averaged $44.72, so the price was higher by $3.32 (7.4%) year over year.
Daily spot prices, August 2017
Chart data table (23 rows)
| Period | WTI | Brent |
|---|---|---|
| Aug 31, 2017 | $47.26 | $52.69 |
| Aug 30, 2017 | $45.96 | $51.91 |
| Aug 29, 2017 | $46.46 | $51.64 |
| Aug 28, 2017 | $46.40 | $51.87 |
| Aug 25, 2017 | $47.65 | $51.87 |
| Aug 24, 2017 | $47.24 | $51.73 |
| Aug 23, 2017 | $48.45 | $52.31 |
| Aug 22, 2017 | $47.65 | $52.29 |
| Aug 21, 2017 | $47.39 | $51.94 |
| Aug 18, 2017 | $48.59 | $50.96 |
| Aug 17, 2017 | $47.07 | $50.37 |
| Aug 16, 2017 | $46.80 | $50.39 |
| Aug 15, 2017 | $47.57 | $49.90 |
| Aug 14, 2017 | $47.59 | $51.29 |
| Aug 11, 2017 | $48.81 | $51.47 |
| Aug 10, 2017 | $48.54 | $52.59 |
| Aug 9, 2017 | $49.59 | $52.16 |
| Aug 8, 2017 | $49.07 | $52.18 |
| Aug 7, 2017 | $49.37 | $51.42 |
| Aug 4, 2017 | $49.57 | $52.48 |
| Aug 3, 2017 | $49.03 | $52.88 |
| Aug 2, 2017 | $49.60 | $52.09 |
| Aug 1, 2017 | $49.19 | $50.77 |
Prices peaked at $49.60 on Aug 2, 2017, then fell to $45.96 on Aug 30, 2017 and ended at $47.26.
Brent averaged $51.70; its premium over WTI on matched dates averaged $3.67, with the daily Brent − WTI difference ranging from +$1.58 to +$5.95.
Adjusted with CPI-U, the August 2017 average equals $65.93 in September 2026 dollars.
August 2017 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $48.04 | $51.70 |
| Change vs July 2017 | +$1.41 | +$3.22 |
| Change vs August 2016 | +$3.32 | +$5.86 |
| Highest daily price | $49.60 Aug 2, 2017 | $52.88 Aug 3, 2017 |
| Lowest daily price | $45.96 Aug 30, 2017 | $49.90 Aug 15, 2017 |
| Published daily observations | 23 | 23 |
| Average in September 2026 dollars (CPI-U) | $65.93 | $70.95 |
Monthly averages are EIA's published figures. Real figures use CPI-U for August 2017.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Aug 1, 2017 – Aug 31, 2017 | Aug 31, 2017 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Aug 1, 2017 – Aug 31, 2017 | Aug 31, 2017 |
| 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:2017 daily prices (CSV)