Oil Prices in August 2023: WTI & Brent Daily Prices and Monthly Average
WTI averaged $81.39 per barrel in August 2023, up $5.32 (7.0%) from July 2023. A year earlier, in August 2022, it averaged $93.67, so the price was lower by $12.28 (13.1%) year over year.
Daily spot prices, August 2023
Chart data table (23 rows)
| Period | WTI | Brent |
|---|---|---|
| Aug 31, 2023 | $83.55 | $87.29 |
| Aug 30, 2023 | $81.64 | $86.62 |
| Aug 29, 2023 | $81.14 | $86.37 |
| Aug 28, 2023 | $80.65 | — |
| Aug 25, 2023 | $80.47 | $85.42 |
| Aug 24, 2023 | $79.52 | $84.07 |
| Aug 23, 2023 | $78.91 | $83.94 |
| Aug 22, 2023 | $80.25 | $84.70 |
| Aug 21, 2023 | $80.71 | $85.44 |
| Aug 18, 2023 | $81.25 | $85.92 |
| Aug 17, 2023 | $80.43 | $85.24 |
| Aug 16, 2023 | $79.40 | $84.49 |
| Aug 15, 2023 | $81.06 | $86.28 |
| Aug 14, 2023 | $82.50 | $87.40 |
| Aug 11, 2023 | $83.17 | $87.93 |
| Aug 10, 2023 | $82.81 | $87.44 |
| Aug 9, 2023 | $84.35 | $89.31 |
| Aug 8, 2023 | $82.94 | $88.00 |
| Aug 7, 2023 | $81.94 | $86.47 |
| Aug 4, 2023 | $82.76 | $87.38 |
| Aug 3, 2023 | $81.56 | $86.19 |
| Aug 2, 2023 | $79.50 | $84.01 |
| Aug 1, 2023 | $81.37 | $85.34 |
Prices peaked at $84.35 on Aug 9, 2023, then fell to $78.91 on Aug 23, 2023 and ended at $83.55.
Brent averaged $86.15; its premium over WTI on matched dates averaged $4.73, with the daily Brent − WTI difference ranging from +$3.74 to +$5.23.
Adjusted with CPI-U, the August 2023 average equals $89.32 in September 2026 dollars.
August 2023 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $81.39 | $86.15 |
| Change vs July 2023 | +$5.32 | +$6.04 |
| Change vs August 2022 | −$12.28 | −$14.30 |
| Highest daily price | $84.35 Aug 9, 2023 | $89.31 Aug 9, 2023 |
| Lowest daily price | $78.91 Aug 23, 2023 | $83.94 Aug 23, 2023 |
| Published daily observations | 23 | 22 |
| Average in September 2026 dollars (CPI-U) | $89.32 | $94.54 |
Monthly averages are EIA's published figures. Real figures use CPI-U for August 2023.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Aug 1, 2023 – Aug 31, 2023 | Aug 31, 2023 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Aug 1, 2023 – Aug 31, 2023 | Aug 31, 2023 |
| 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:2023 daily prices (CSV)