Oil Prices in July 2020: WTI & Brent Daily Prices and Monthly Average
WTI averaged $40.71 per barrel in July 2020, up $2.40 (6.3%) from June 2020. The average was 29% below the $57.35 of July 2019.
Daily spot prices, July 2020
Chart data table (23 rows)
| Period | WTI | Brent |
|---|---|---|
| Jul 31, 2020 | $40.10 | $43.13 |
| Jul 30, 2020 | $39.85 | $42.98 |
| Jul 29, 2020 | $41.13 | $43.51 |
| Jul 28, 2020 | $40.89 | $43.11 |
| Jul 27, 2020 | $41.46 | $43.39 |
| Jul 24, 2020 | $41.23 | $43.29 |
| Jul 23, 2020 | $40.99 | $42.96 |
| Jul 22, 2020 | $41.88 | $43.98 |
| Jul 21, 2020 | $41.76 | $44.31 |
| Jul 20, 2020 | $40.83 | $43.30 |
| Jul 17, 2020 | $40.55 | $43.53 |
| Jul 16, 2020 | $40.74 | $43.71 |
| Jul 15, 2020 | $41.20 | $43.96 |
| Jul 14, 2020 | $40.30 | $42.97 |
| Jul 13, 2020 | $40.06 | $42.85 |
| Jul 10, 2020 | $40.56 | $43.27 |
| Jul 9, 2020 | $39.64 | $42.35 |
| Jul 8, 2020 | $40.91 | $43.67 |
| Jul 7, 2020 | $40.59 | $43.28 |
| Jul 6, 2020 | $40.51 | $42.73 |
| Jul 3, 2020 | — | $42.92 |
| Jul 2, 2020 | $40.57 | $43.19 |
| Jul 1, 2020 | $39.88 | $42.18 |
Prices dipped to $39.64 on Jul 9, 2020, then climbed to $41.88 on Jul 22, 2020 and ended at $40.10.
Brent averaged $43.24; its premium over WTI on matched dates averaged $2.55, with the daily Brent − WTI difference ranging from +$1.93 to +$3.13.
Adjusted with CPI-U, the July 2020 average equals $52.94 in September 2026 dollars.
July 2020 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $40.71 | $43.24 |
| Change vs June 2020 | +$2.40 | +$2.97 |
| Change vs July 2019 | −$16.64 | −$20.68 |
| Highest daily price | $41.88 Jul 22, 2020 | $44.31 Jul 21, 2020 |
| Lowest daily price | $39.64 Jul 9, 2020 | $42.18 Jul 1, 2020 |
| Published daily observations | 22 | 23 |
| Average in September 2026 dollars (CPI-U) | $52.94 | $56.23 |
Monthly averages are EIA's published figures. Real figures use CPI-U for July 2020.
Part of the price episode: 2020 price crash
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Jul 1, 2020 – Jul 31, 2020 | Jul 31, 2020 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jul 1, 2020 – Jul 31, 2020 | Jul 31, 2020 |
| 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:2020 daily prices (CSV)