Oil Prices in January 2018: WTI & Brent Daily Prices and Monthly Average
WTI jumped in January 2018: the monthly average rose to $63.70, up $5.82 (10.1%) from December 2017, the highest monthly average in nominal terms since November 2014. A year earlier, in January 2017, it averaged $52.50, so the price was higher by $11.20 (21.3%) year over year.
Daily spot prices, January 2018
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| Jan 31, 2018 | $64.82 | $67.78 |
| Jan 30, 2018 | $64.64 | $67.78 |
| Jan 29, 2018 | $65.71 | $68.41 |
| Jan 26, 2018 | $66.27 | $70.08 |
| Jan 25, 2018 | $65.62 | $71.08 |
| Jan 24, 2018 | $65.69 | $69.91 |
| Jan 23, 2018 | $64.45 | $69.81 |
| Jan 22, 2018 | $63.66 | $69.32 |
| Jan 19, 2018 | $63.38 | $68.56 |
| Jan 18, 2018 | $63.96 | $69.48 |
| Jan 17, 2018 | $63.92 | $69.19 |
| Jan 16, 2018 | $63.82 | $69.40 |
| Jan 15, 2018 | — | $70.31 |
| Jan 12, 2018 | $64.22 | $69.64 |
| Jan 11, 2018 | $63.81 | $70.36 |
| Jan 10, 2018 | $63.60 | $69.79 |
| Jan 9, 2018 | $62.92 | $69.08 |
| Jan 8, 2018 | $61.73 | $68.48 |
| Jan 5, 2018 | $61.49 | $68.01 |
| Jan 4, 2018 | $61.98 | $68.73 |
| Jan 3, 2018 | $61.61 | $67.85 |
| Jan 2, 2018 | $60.37 | $66.65 |
Prices rose over the month, from $60.37 on Jan 2, 2018 to $64.82 on Jan 31, 2018, with gains on 14 of 21 trading days.
Brent averaged $69.08; its premium over WTI on matched dates averaged $5.32, with the daily Brent − WTI difference ranging from +$2.70 to +$6.75.
Adjusted with CPI-U, the January 2018 average equals $86.59 in September 2026 dollars.
January 2018 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $63.70 | $69.08 |
| Change vs December 2017 | +$5.82 | +$4.71 |
| Change vs January 2017 | +$11.20 | +$14.50 |
| Highest daily price | $66.27 Jan 26, 2018 | $71.08 Jan 25, 2018 |
| Lowest daily price | $60.37 Jan 2, 2018 | $66.65 Jan 2, 2018 |
| Published daily observations | 21 | 22 |
| Average in September 2026 dollars (CPI-U) | $86.59 | $93.90 |
Monthly averages are EIA's published figures. Real figures use CPI-U for January 2018.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Jan 2, 2018 – Jan 31, 2018 | Jan 31, 2018 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jan 2, 2018 – Jan 31, 2018 | Jan 31, 2018 |
| 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:2018 daily prices (CSV)