Oil Prices in March 2020: WTI & Brent Daily Prices and Monthly Average
WTI dropped in March 2020: the monthly average fell to $29.21, down $21.33 (42.2%) from February 2020, the lowest monthly average in nominal terms since September 2003. The average was 50% below the $58.15 of March 2019.
Daily spot prices, March 2020
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| Mar 31, 2020 | $20.51 | $14.85 |
| Mar 30, 2020 | $14.10 | $19.19 |
| Mar 27, 2020 | $15.48 | $22.39 |
| Mar 26, 2020 | $16.60 | $23.55 |
| Mar 25, 2020 | $20.75 | $25.62 |
| Mar 24, 2020 | $21.03 | $24.50 |
| Mar 23, 2020 | $23.33 | $23.75 |
| Mar 20, 2020 | $19.48 | $25.55 |
| Mar 19, 2020 | $25.09 | $23.98 |
| Mar 18, 2020 | $20.48 | $22.79 |
| Mar 17, 2020 | $26.96 | $27.97 |
| Mar 16, 2020 | $28.96 | $27.98 |
| Mar 13, 2020 | $31.72 | $32.25 |
| Mar 12, 2020 | $31.56 | $31.02 |
| Mar 11, 2020 | $33.13 | $34.45 |
| Mar 10, 2020 | $34.47 | $35.57 |
| Mar 9, 2020 | $31.05 | $35.33 |
| Mar 6, 2020 | $41.14 | $45.60 |
| Mar 5, 2020 | $45.90 | $51.29 |
| Mar 4, 2020 | $46.78 | $51.86 |
| Mar 3, 2020 | $47.27 | $52.24 |
| Mar 2, 2020 | $46.78 | $52.52 |
Prices fell over the month, from $46.78 on Mar 2, 2020 to $20.51 on Mar 31, 2020, with declines on 15 of 22 trading days. The largest one-day move was −$10.09 on Mar 9, 2020 (−24.5%).
Brent averaged $32.01; its premium over WTI on matched dates averaged $2.80, with the daily Brent − WTI difference ranging from −$5.66 to +$6.95.
Adjusted with CPI-U, the March 2020 average equals $38.13 in September 2026 dollars.
March 2020 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $29.21 | $32.01 |
| Change vs February 2020 | −$21.33 | −$23.65 |
| Change vs March 2019 | −$28.94 | −$34.13 |
| Highest daily price | $47.27 Mar 3, 2020 | $52.52 Mar 2, 2020 |
| Lowest daily price | $14.10 Mar 30, 2020 | $14.85 Mar 31, 2020 |
| Published daily observations | 22 | 22 |
| Average in September 2026 dollars (CPI-U) | $38.13 | $41.79 |
Monthly averages are EIA's published figures. Real figures use CPI-U for March 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 | Mar 2, 2020 – Mar 31, 2020 | Mar 31, 2020 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Mar 2, 2020 – Mar 31, 2020 | Mar 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)