Oil Prices in October 2022: WTI & Brent Daily Prices and Monthly Average
WTI averaged $87.55 per barrel in October 2022, up $3.29 (3.9%) from September 2022. A year earlier, in October 2021, it averaged $81.48, so the price was higher by $6.07 (7.4%) year over year.
Daily spot prices, October 2022
Chart data table (20 rows)
| Period | WTI | Brent |
|---|---|---|
| Oct 31, 2022 | $86.54 | $93.30 |
| Oct 28, 2022 | $87.85 | $94.64 |
| Oct 27, 2022 | $89.06 | $94.17 |
| Oct 26, 2022 | $89.39 | $92.93 |
| Oct 24, 2022 | $86.12 | $91.57 |
| Oct 21, 2022 | $85.47 | $91.82 |
| Oct 20, 2022 | $86.02 | $91.52 |
| Oct 19, 2022 | $86.00 | $91.34 |
| Oct 18, 2022 | $83.29 | $89.46 |
| Oct 17, 2022 | $86.00 | $91.04 |
| Oct 14, 2022 | $86.10 | $92.22 |
| Oct 13, 2022 | $89.59 | $95.16 |
| Oct 12, 2022 | $87.83 | $93.44 |
| Oct 11, 2022 | $89.75 | $95.17 |
| Oct 10, 2022 | $91.60 | $97.13 |
| Oct 7, 2022 | $93.07 | $98.88 |
| Oct 6, 2022 | $88.90 | $95.65 |
| Oct 5, 2022 | $88.22 | $94.35 |
| Oct 4, 2022 | $86.87 | $93.74 |
| Oct 3, 2022 | $84.05 | $90.68 |
Prices peaked at $93.07 on Oct 7, 2022, then fell to $83.29 on Oct 18, 2022 and ended at $86.54. The largest one-day move was +$4.17 on Oct 7, 2022 (+4.7%).
Brent averaged $93.33; its premium over WTI on matched dates averaged $5.82, with the daily Brent − WTI difference ranging from +$3.54 to +$6.87.
Adjusted with CPI-U, the October 2022 average equals $98.99 in September 2026 dollars.
October 2022 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $87.55 | $93.33 |
| Change vs September 2022 | +$3.29 | +$3.57 |
| Change vs October 2021 | +$6.07 | +$9.79 |
| Highest daily price | $93.07 Oct 7, 2022 | $98.88 Oct 7, 2022 |
| Lowest daily price | $83.29 Oct 18, 2022 | $89.46 Oct 18, 2022 |
| Published daily observations | 20 | 20 |
| Average in September 2026 dollars (CPI-U) | $98.99 | $105.52 |
Monthly averages are EIA's published figures. Real figures use CPI-U for October 2022.
Part of the price episode: 2022 price spike
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Oct 3, 2022 – Oct 31, 2022 | Oct 31, 2022 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Oct 3, 2022 – Oct 31, 2022 | Oct 31, 2022 |
| 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:2022 daily prices (CSV)