Oil Prices in November 2018: WTI & Brent Daily Prices and Monthly Average
WTI dropped in November 2018: the monthly average fell to $56.96, down $13.79 (19.5%) from October 2018. It was close to its level a year earlier ($56.64 in November 2017).
Daily spot prices, November 2018
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| Nov 30, 2018 | $50.78 | $57.71 |
| Nov 29, 2018 | $51.46 | $58.29 |
| Nov 28, 2018 | $50.06 | $57.97 |
| Nov 27, 2018 | $51.31 | $59.58 |
| Nov 26, 2018 | $51.46 | $59.70 |
| Nov 23, 2018 | — | $57.69 |
| Nov 22, 2018 | — | $61.11 |
| Nov 21, 2018 | $54.41 | $61.65 |
| Nov 20, 2018 | $53.39 | $61.50 |
| Nov 19, 2018 | $57.16 | $64.14 |
| Nov 16, 2018 | $56.49 | $65.29 |
| Nov 15, 2018 | $56.45 | $65.61 |
| Nov 14, 2018 | $56.16 | $64.88 |
| Nov 13, 2018 | $55.63 | $65.45 |
| Nov 12, 2018 | $59.85 | $69.81 |
| Nov 9, 2018 | $60.19 | $69.01 |
| Nov 8, 2018 | $60.71 | $69.29 |
| Nov 7, 2018 | $61.69 | $70.10 |
| Nov 6, 2018 | $62.16 | $70.64 |
| Nov 5, 2018 | $63.12 | $72.68 |
| Nov 2, 2018 | $63.12 | $71.11 |
| Nov 1, 2018 | $63.67 | $71.25 |
Prices fell over the month, from $63.67 on Nov 1, 2018 to $50.78 on Nov 30, 2018, with declines on 13 of 19 trading days. The largest one-day move was −$4.22 on Nov 13, 2018 (−7.1%).
Brent averaged $64.75; its premium over WTI on matched dates averaged $8.32, with the daily Brent − WTI difference ranging from +$6.83 to +$9.96.
It was the second-lowest monthly average of 2018. Adjusted with CPI-U, the November 2018 average equals $76.15 in September 2026 dollars.
November 2018 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $56.96 | $64.75 |
| Change vs October 2018 | −$13.79 | −$16.28 |
| Change vs November 2017 | +$0.32 | +$2.04 |
| Highest daily price | $63.67 Nov 1, 2018 | $72.68 Nov 5, 2018 |
| Lowest daily price | $50.06 Nov 28, 2018 | $57.69 Nov 23, 2018 |
| Published daily observations | 20 | 22 |
| Average in September 2026 dollars (CPI-U) | $76.15 | $86.56 |
Monthly averages are EIA's published figures. Real figures use CPI-U for November 2018.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Nov 1, 2018 – Nov 30, 2018 | Nov 30, 2018 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Nov 1, 2018 – Nov 30, 2018 | Nov 30, 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)