Oil Prices in October 2018: WTI & Brent Daily Prices and Monthly Average
WTI averaged $70.75 per barrel in October 2018, little changed from September 2018 ($70.23). The average was 37% above the $51.58 of October 2017.
Daily spot prices, October 2018
Chart data table (23 rows)
| Period | WTI | Brent |
|---|---|---|
| Oct 31, 2018 | $65.31 | $74.84 |
| Oct 30, 2018 | $66.18 | $75.68 |
| Oct 29, 2018 | $67.00 | $77.56 |
| Oct 26, 2018 | $67.58 | $77.40 |
| Oct 25, 2018 | $67.25 | $77.30 |
| Oct 24, 2018 | $66.56 | $77.34 |
| Oct 23, 2018 | $66.49 | $78.67 |
| Oct 22, 2018 | $69.25 | $80.45 |
| Oct 19, 2018 | $69.16 | $80.38 |
| Oct 18, 2018 | $68.63 | $80.30 |
| Oct 17, 2018 | $69.63 | $79.91 |
| Oct 16, 2018 | $71.93 | $80.53 |
| Oct 15, 2018 | $71.84 | $80.91 |
| Oct 12, 2018 | $71.41 | $80.71 |
| Oct 11, 2018 | $70.97 | $81.35 |
| Oct 10, 2018 | $73.18 | $83.82 |
| Oct 9, 2018 | $74.95 | $85.16 |
| Oct 8, 2018 | $74.27 | $84.22 |
| Oct 5, 2018 | $74.26 | $85.12 |
| Oct 4, 2018 | $74.44 | $86.07 |
| Oct 3, 2018 | $76.40 | $85.45 |
| Oct 2, 2018 | $75.16 | $85.63 |
| Oct 1, 2018 | $75.37 | $84.94 |
Prices fell over the month, from $75.37 on Oct 1, 2018 to $65.31 on Oct 31, 2018.
Brent averaged $81.03; its premium over WTI on matched dates averaged $10.28, with the daily Brent − WTI difference ranging from +$8.60 to +$12.18.
It was the second-highest monthly average of 2018. Adjusted with CPI-U, the October 2018 average equals $94.27 in September 2026 dollars.
October 2018 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $70.75 | $81.03 |
| Change vs September 2018 | +$0.52 | +$2.14 |
| Change vs October 2017 | +$19.17 | +$23.52 |
| Highest daily price | $76.40 Oct 3, 2018 | $86.07 Oct 4, 2018 |
| Lowest daily price | $65.31 Oct 31, 2018 | $74.84 Oct 31, 2018 |
| Published daily observations | 23 | 23 |
| Average in September 2026 dollars (CPI-U) | $94.27 | $107.96 |
Monthly averages are EIA's published figures. Real figures use CPI-U for October 2018.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Oct 1, 2018 – Oct 31, 2018 | Oct 31, 2018 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Oct 1, 2018 – Oct 31, 2018 | Oct 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)