Oil Prices in May 2019: WTI & Brent Daily Prices and Monthly Average
WTI averaged $60.83 per barrel in May 2019, down $3.03 (4.7%) from April 2019. A year earlier, in May 2018, it averaged $69.98, so the price was lower by $9.15 (13.1%) year over year.
Daily spot prices, May 2019
Chart data table (23 rows)
| Period | WTI | Brent |
|---|---|---|
| May 31, 2019 | $53.49 | $66.78 |
| May 30, 2019 | $56.47 | $69.55 |
| May 29, 2019 | $58.84 | $70.64 |
| May 28, 2019 | $58.91 | $70.19 |
| May 27, 2019 | $58.40 | $67.98 |
| May 24, 2019 | $58.40 | $67.98 |
| May 23, 2019 | $57.65 | $68.37 |
| May 22, 2019 | $61.42 | $71.94 |
| May 21, 2019 | $63.02 | $72.94 |
| May 20, 2019 | $63.12 | $73.21 |
| May 17, 2019 | $62.77 | $73.94 |
| May 16, 2019 | $62.93 | $74.70 |
| May 15, 2019 | $62.03 | $73.09 |
| May 14, 2019 | $61.82 | $72.53 |
| May 13, 2019 | $60.97 | $72.35 |
| May 10, 2019 | $61.65 | $71.63 |
| May 9, 2019 | $61.58 | $70.61 |
| May 8, 2019 | $62.13 | $71.09 |
| May 7, 2019 | $61.41 | $70.98 |
| May 6, 2019 | $62.30 | $71.95 |
| May 3, 2019 | $61.98 | $71.95 |
| May 2, 2019 | $61.75 | $70.56 |
| May 1, 2019 | $63.55 | $72.01 |
Prices fell over the month, from $63.55 on May 1, 2019 to $53.49 on May 31, 2019. The largest one-day move was −$3.77 on May 23, 2019 (−6.1%).
Brent averaged $71.32; its premium over WTI on matched dates averaged $10.45, with the daily Brent − WTI difference ranging from +$8.46 to +$13.29.
It was the second-highest monthly average of 2019. Adjusted with CPI-U, the May 2019 average equals $80.03 in September 2026 dollars.
May 2019 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $60.83 | $71.32 |
| Change vs April 2019 | −$3.03 | +$0.09 |
| Change vs May 2018 | −$9.15 | −$5.66 |
| Highest daily price | $63.55 May 1, 2019 | $74.70 May 16, 2019 |
| Lowest daily price | $53.49 May 31, 2019 | $66.78 May 31, 2019 |
| Published daily observations | 23 | 23 |
| Average in September 2026 dollars (CPI-U) | $80.03 | $93.84 |
Monthly averages are EIA's published figures. Real figures use CPI-U for May 2019.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | May 1, 2019 – May 31, 2019 | May 31, 2019 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | May 1, 2019 – May 31, 2019 | May 31, 2019 |
| 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:2019 daily prices (CSV)