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Oil Prices in 2018: WTI & Brent History and Monthly Averages

WTI average
$65.23
EIA annual average
WTI vs prior year
+28.4%
2017: $50.80
Brent average
$71.34
EIA annual average
Brent vs prior year
+31.8%
2017: $54.13

WTI averaged $65.23 per barrel in 2018, up $14.43 (28.4%) from 2017; that was the highest annual average since 2014.

Monthly average prices in 2018

Monthly averages and daily ranges, 2018 ($/bbl)
MonthWTI avgWTI highWTI lowBrent avgBrent − WTI (matched dates)WTI (September 2026 $)Brent (September 2026 $)
January$63.70$66.27$60.37$69.08+$5.32$86.59$93.90
February$62.23$65.92$59.20$65.32+$3.11$84.21$88.39
March$62.73$65.80$60.13$66.02+$3.29$84.70$89.14
April$66.25$68.56$62.03$72.11+$5.76$89.09$96.98
May$69.98$72.26$66.80$76.98+$6.90$93.72$103.10
June$67.87$77.41$64.75$74.41+$6.53$90.75$99.50
July$70.98$74.19$67.90$74.25+$3.14$94.90$99.27
August$68.06$70.25$65.07$72.53+$4.47$90.95$96.92
September$70.23$73.40$67.55$78.89+$8.72$93.74$105.30
October$70.75$76.40$65.31$81.03+$10.28$94.27$107.96
November$56.96$63.67$50.06$64.75+$8.32$76.15$86.56
December$49.52$53.21$44.48$57.36+$7.63$66.41$76.93

Monthly averages are EIA's published figures. Brent − WTI is the average over dates with both prices published, so it can differ from the difference between the two monthly averages. Inflation-adjusted columns use CPI-U for each month, expressed in September 2026 dollars; “—” means CPI-U for that month is not available.

The steepest fall within the year ran from $77.41 on Jun 27, 2018 to $44.48 on Dec 27, 2018, a 43% drop. Although the annual average rose, prices ended the year lower than they started: $60.37 on Jan 2, 2018 against $45.15 on Dec 28, 2018. From $59.20 on Feb 9, 2018, WTI climbed to $77.41 by Jun 27, 2018, a 31% gain. Between October and November the monthly average fell $13.79, the largest month-to-month change of the year.

Brent carried a wide premium over WTI in 2018, averaging $6.12 more on 248 matched dates, with the widest daily gap $12.18 on Oct 23, 2018. Brent averaged $71.34, up $17.21 (31.8%) from 2017.

Monthly averages peaked early, at $70.98 in July, and bottomed at $49.52 in December. In September 2026 dollars (CPI-U), the 2018 average is $87.53, higher than 2025's real average by $19.09 (27.9%). The 2010s as a whole averaged $72.42, so 2018 ran below its decade. Of 40 complete years with an EIA annual average, 2018 ranks 14th highest.

2018 summary statistics

MeasureWTIBrentBrent − WTI
Average$65.23$71.34+$6.12
Change vs 2017 average+$14.43+$17.21+$2.75
Highest daily price$77.41 Jun 27, 2018$86.07 Oct 4, 2018—
Lowest daily price$44.48 Dec 27, 2018$50.57 Dec 28, 2018—
Highest daily spread——+$12.18 Oct 23, 2018
Lowest daily spread——−$1.65 Jun 26, 2018
First observation$60.37 Jan 2, 2018$66.65 Jan 2, 2018—
Last observation$45.15 Dec 28, 2018$50.57 Dec 28, 2018—
Published daily observations249254248 matched
Average in September 2026 dollars$87.53$95.73—

Daily spot prices in 2018

Show all 255 dates (Jan 2, 2018 – Dec 28, 2018)
DateWTIBrentBrent − WTI
Jan 2, 2018$60.37$66.65+$6.28
Jan 3, 2018$61.61$67.85+$6.24
Jan 4, 2018$61.98$68.73+$6.75
Jan 5, 2018$61.49$68.01+$6.52
Jan 8, 2018$61.73$68.48+$6.75
Jan 9, 2018$62.92$69.08+$6.16
Jan 10, 2018$63.60$69.79+$6.19
Jan 11, 2018$63.81$70.36+$6.55
Jan 12, 2018$64.22$69.64+$5.42
Jan 15, 2018—$70.31—
Jan 16, 2018$63.82$69.40+$5.58
Jan 17, 2018$63.92$69.19+$5.27
Jan 18, 2018$63.96$69.48+$5.52
Jan 19, 2018$63.38$68.56+$5.18
Jan 22, 2018$63.66$69.32+$5.66
Jan 23, 2018$64.45$69.81+$5.36
Jan 24, 2018$65.69$69.91+$4.22
Jan 25, 2018$65.62$71.08+$5.46
Jan 26, 2018$66.27$70.08+$3.81
Jan 29, 2018$65.71$68.41+$2.70
Jan 30, 2018$64.64$67.78+$3.14
Jan 31, 2018$64.82$67.78+$2.96
Feb 1, 2018$65.92$68.60+$2.68
Feb 2, 2018$65.50$67.45+$1.95
Feb 5, 2018$64.18$67.69+$3.51
Feb 6, 2018$63.48$66.75+$3.27
Feb 7, 2018$61.91$65.74+$3.83
Feb 8, 2018$61.30$64.26+$2.96
Feb 9, 2018$59.20$63.04+$3.84
Feb 12, 2018$59.41$62.20+$2.79
Feb 13, 2018$59.33$61.94+$2.61
Feb 14, 2018$60.70$62.29+$1.59
Feb 15, 2018$61.48$62.86+$1.38
Feb 16, 2018$61.89$64.30+$2.41
Feb 19, 2018—$64.95—
Feb 20, 2018$61.91$64.68+$2.77
Feb 21, 2018$61.73$64.81+$3.08
Feb 22, 2018$62.72$66.12+$3.40
Feb 23, 2018$63.52$67.04+$3.52
Feb 26, 2018$63.81$67.96+$4.15
Feb 27, 2018$62.94$67.59+$4.65
Feb 28, 2018$61.43$66.08+$4.65
Mar 1, 2018$60.98$64.23+$3.25
Mar 2, 2018$61.19$64.26+$3.07
Mar 5, 2018$62.49$65.78+$3.29
Mar 6, 2018$62.54$65.67+$3.13
Mar 7, 2018$61.09$65.09+$4.00
Mar 8, 2018$60.13$63.87+$3.74
Mar 9, 2018$62.02$65.19+$3.17
Mar 12, 2018$61.35$64.53+$3.18
Mar 13, 2018$60.69$64.20+$3.51
Mar 14, 2018$60.89$63.61+$2.72
Mar 15, 2018$61.16$63.67+$2.51
Mar 16, 2018$62.29$64.68+$2.39
Mar 19, 2018$62.01$64.82+$2.81
Mar 20, 2018$63.37$66.00+$2.63
Mar 21, 2018$65.10$68.15+$3.05
Mar 22, 2018$64.25$68.98+$4.73
Mar 23, 2018$65.80$69.03+$3.23
Mar 26, 2018$65.49$68.81+$3.32
Mar 27, 2018$65.21$68.63+$3.42
Mar 28, 2018$64.30$68.13+$3.83
Mar 29, 2018$64.87$69.02+$4.15
Apr 2, 2018$63.05$69.02+$5.97
Apr 3, 2018$63.41$69.02+$5.61
Apr 4, 2018$63.35$66.04+$2.69
Apr 5, 2018$63.53$66.54+$3.01
Apr 6, 2018$62.03$66.51+$4.48
Apr 9, 2018$63.40$68.19+$4.79
Apr 10, 2018$65.48$70.67+$5.19
Apr 11, 2018$66.81$72.74+$5.93
Apr 12, 2018$67.07$71.44+$4.37
Apr 13, 2018$67.35$73.18+$5.83
Apr 16, 2018$66.23$73.18+$6.95
Apr 17, 2018$66.50$71.71+$5.21
Apr 18, 2018$68.44$73.73+$5.29
Apr 19, 2018$68.30$74.85+$6.55
Apr 20, 2018$68.26$74.62+$6.36
Apr 23, 2018$67.61$74.54+$6.93
Apr 24, 2018$67.66$75.86+$8.20
Apr 25, 2018$68.00$73.79+$5.79
Apr 26, 2018$68.18$75.39+$7.21
Apr 27, 2018$68.11$75.33+$7.22
Apr 30, 2018$68.56$75.92+$7.36
May 1, 2018$67.28$74.85+$7.57
May 2, 2018$67.91$73.14+$5.23
May 3, 2018$68.45$73.45+$5.00
May 4, 2018$69.71$74.75+$5.04
May 7, 2018$70.74$74.75+$4.01
May 8, 2018$68.83$74.16+$5.33
May 9, 2018$71.16$77.60+$6.44
May 10, 2018$71.36$77.59+$6.23
May 11, 2018$70.69$77.37+$6.68
May 14, 2018$71.01$78.17+$7.16
May 15, 2018$71.34$78.94+$7.60
May 16, 2018$71.43$78.19+$6.76
May 17, 2018$71.47$80.09+$8.62
May 18, 2018$71.23$78.38+$7.15
May 21, 2018$72.26$78.34+$6.08
May 22, 2018$72.09$80.42+$8.33
May 23, 2018$71.85$78.69+$6.84
May 24, 2018$70.77$78.90+$8.13
May 25, 2018$67.92$76.60+$8.68
May 29, 2018$66.80$74.51+$7.71
May 30, 2018$68.24$75.89+$7.65
May 31, 2018$66.98$76.45+$9.47
Jun 1, 2018$65.81$74.54+$8.73
Jun 4, 2018$64.76$73.41+$8.65
Jun 5, 2018$65.51$72.91+$7.40
Jun 6, 2018$64.75$73.23+$8.48
Jun 7, 2018$65.96$75.23+$9.27
Jun 8, 2018$65.77$75.11+$9.34
Jun 11, 2018$66.10$74.58+$8.48
Jun 12, 2018$66.38$74.86+$8.48
Jun 13, 2018$66.63$75.07+$8.44
Jun 14, 2018$66.91$74.77+$7.86
Jun 15, 2018$65.01$72.02+$7.01
Jun 18, 2018$65.91$74.87+$8.96
Jun 19, 2018$65.09$74.92+$9.83
Jun 20, 2018$65.92$74.25+$8.33
Jun 21, 2018$65.68$72.87+$7.19
Jun 22, 2018$69.02$73.67+$4.65
Jun 25, 2018$69.91$72.82+$2.91
Jun 26, 2018$75.23$73.58−$1.65
Jun 27, 2018$77.41$76.09−$1.32
Jun 28, 2018$73.45$76.26+$2.81
Jun 29, 2018$74.13$77.44+$3.31
Jul 2, 2018$73.89$76.71+$2.82
Jul 3, 2018$74.19$75.87+$1.68
Jul 4, 2018—$76.99—
Jul 5, 2018$73.05$77.09+$4.04
Jul 6, 2018$73.78$74.98+$1.20
Jul 9, 2018$73.93$77.08+$3.15
Jul 10, 2018$74.11$77.80+$3.69
Jul 11, 2018$70.47$75.35+$4.88
Jul 12, 2018$70.28$72.11+$1.83
Jul 13, 2018$71.03$74.11+$3.08
Jul 16, 2018$68.22$71.03+$2.81
Jul 17, 2018$68.03$70.87+$2.84
Jul 18, 2018$68.78$70.52+$1.74
Jul 19, 2018$69.42$71.94+$2.52
Jul 20, 2018$70.31$71.99+$1.68
Jul 23, 2018$67.90$73.45+$5.55
Jul 24, 2018$70.77$73.53+$2.76
Jul 25, 2018$71.13$73.67+$2.54
Jul 26, 2018$71.59$74.51+$2.92
Jul 27, 2018$68.66$74.84+$6.18
Jul 30, 2018$71.19$74.99+$3.80
Jul 31, 2018$69.88$74.16+$4.28
Aug 1, 2018$68.80$72.28+$3.48
Aug 2, 2018$68.95$72.95+$4.00
Aug 3, 2018$68.49$72.48+$3.99
Aug 6, 2018$69.01$72.51+$3.50
Aug 7, 2018$69.17$72.31+$3.14
Aug 8, 2018$66.92$70.71+$3.79
Aug 9, 2018$66.81$70.55+$3.74
Aug 10, 2018$67.61$71.00+$3.39
Aug 13, 2018$67.25$70.62+$3.37
Aug 14, 2018$67.04$70.77+$3.73
Aug 15, 2018$65.07$68.38+$3.31
Aug 16, 2018$65.44$69.21+$3.77
Aug 17, 2018$65.93$70.14+$4.21
Aug 20, 2018$66.50$71.11+$4.61
Aug 21, 2018$67.32$71.65+$4.33
Aug 22, 2018$67.85$72.96+$5.11
Aug 23, 2018$69.13$73.73+$4.60
Aug 24, 2018$69.71$74.41+$4.70
Aug 27, 2018$69.97$74.41+$4.44
Aug 28, 2018$68.54$75.91+$7.37
Aug 29, 2018$69.68$76.07+$6.39
Aug 30, 2018$70.25$77.05+$6.80
Aug 31, 2018$69.84$76.94+$7.10
Sep 3, 2018—$77.81—
Sep 4, 2018$69.82$77.51+$7.69
Sep 5, 2018$68.69$76.68+$7.99
Sep 6, 2018$67.81$75.67+$7.86
Sep 7, 2018$67.73$75.55+$7.82
Sep 10, 2018$67.55$76.77+$9.22
Sep 11, 2018$69.29$78.22+$8.93
Sep 12, 2018$70.37$80.02+$9.65
Sep 13, 2018$68.60$77.66+$9.06
Sep 14, 2018$68.98$77.87+$8.89
Sep 17, 2018$68.86$78.22+$9.36
Sep 18, 2018$69.87$79.25+$9.38
Sep 19, 2018$71.08$79.43+$8.35
Sep 20, 2018$70.77$79.03+$8.26
Sep 21, 2018$70.80$78.90+$8.10
Sep 24, 2018$73.23$80.89+$7.66
Sep 25, 2018$73.40$82.21+$8.81
Sep 26, 2018$72.22$81.87+$9.65
Sep 27, 2018$72.18$81.54+$9.36
Sep 28, 2018$73.16$82.72+$9.56
Oct 1, 2018$75.37$84.94+$9.57
Oct 2, 2018$75.16$85.63+$10.47
Oct 3, 2018$76.40$85.45+$9.05
Oct 4, 2018$74.44$86.07+$11.63
Oct 5, 2018$74.26$85.12+$10.86
Oct 8, 2018$74.27$84.22+$9.95
Oct 9, 2018$74.95$85.16+$10.21
Oct 10, 2018$73.18$83.82+$10.64
Oct 11, 2018$70.97$81.35+$10.38
Oct 12, 2018$71.41$80.71+$9.30
Oct 15, 2018$71.84$80.91+$9.07
Oct 16, 2018$71.93$80.53+$8.60
Oct 17, 2018$69.63$79.91+$10.28
Oct 18, 2018$68.63$80.30+$11.67
Oct 19, 2018$69.16$80.38+$11.22
Oct 22, 2018$69.25$80.45+$11.20
Oct 23, 2018$66.49$78.67+$12.18
Oct 24, 2018$66.56$77.34+$10.78
Oct 25, 2018$67.25$77.30+$10.05
Oct 26, 2018$67.58$77.40+$9.82
Oct 29, 2018$67.00$77.56+$10.56
Oct 30, 2018$66.18$75.68+$9.50
Oct 31, 2018$65.31$74.84+$9.53
Nov 1, 2018$63.67$71.25+$7.58
Nov 2, 2018$63.12$71.11+$7.99
Nov 5, 2018$63.12$72.68+$9.56
Nov 6, 2018$62.16$70.64+$8.48
Nov 7, 2018$61.69$70.10+$8.41
Nov 8, 2018$60.71$69.29+$8.58
Nov 9, 2018$60.19$69.01+$8.82
Nov 12, 2018$59.85$69.81+$9.96
Nov 13, 2018$55.63$65.45+$9.82
Nov 14, 2018$56.16$64.88+$8.72
Nov 15, 2018$56.45$65.61+$9.16
Nov 16, 2018$56.49$65.29+$8.80
Nov 19, 2018$57.16$64.14+$6.98
Nov 20, 2018$53.39$61.50+$8.11
Nov 21, 2018$54.41$61.65+$7.24
Nov 22, 2018—$61.11—
Nov 23, 2018—$57.69—
Nov 26, 2018$51.46$59.70+$8.24
Nov 27, 2018$51.31$59.58+$8.27
Nov 28, 2018$50.06$57.97+$7.91
Nov 29, 2018$51.46$58.29+$6.83
Nov 30, 2018$50.78$57.71+$6.93
Dec 3, 2018$52.98$60.17+$7.19
Dec 4, 2018$53.21$61.22+$8.01
Dec 5, 2018$52.64$61.40+$8.76
Dec 6, 2018$51.54$57.83+$6.29
Dec 7, 2018$52.76$61.71+$8.95
Dec 10, 2018$51.07$60.29+$9.22
Dec 11, 2018$51.65$59.73+$8.08
Dec 12, 2018$51.04$59.94+$8.90
Dec 13, 2018$52.69$59.03+$6.34
Dec 14, 2018$51.26$58.56+$7.30
Dec 17, 2018$49.80$57.59+$7.79
Dec 18, 2018$46.12$55.26+$9.14
Dec 19, 2018$47.96$55.60+$7.64
Dec 20, 2018$45.64$52.84+$7.20
Dec 21, 2018$45.38$51.93+$6.55
Dec 26, 2018$46.04——
Dec 27, 2018$44.48$51.49+$7.01
Dec 28, 2018$45.15$50.57+$5.42

“—” means EIA published no price for that benchmark on that date.

Source and methodology

ProviderSeriesUnitsCoverageLatest observation
U.S. Energy Information AdministrationRWTC — WTI spot price FOB$/bblJan 2, 2018 – Dec 28, 2018Dec 28, 2018
U.S. Energy Information AdministrationRBRTE — Brent spot price FOB$/bblJan 2, 2018 – Dec 28, 2018Dec 28, 2018
U.S. Bureau of Labor StatisticsCUUR0000SA0 — CPI-U, all items, NSAindex, 1982–84=100monthly and annual averageSeptember 2026

Inflation adjustment: real = nominal × CPI-U(September 2026) ÷ CPI-U(period). Annual figures use the BLS annual average CPI-U; a year without one uses the mean of the months published so far.

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:2018 daily prices (CSV)