Oil Prices in February 2023: WTI & Brent Daily Prices and Monthly Average
WTI averaged $76.83 per barrel in February 2023, down $1.29 (1.7%) from January 2023. A year earlier, in February 2022, it averaged $91.64, so the price was lower by $14.81 (16.2%) year over year.
Daily spot prices, February 2023
Chart data table (20 rows)
| Period | WTI | Brent |
|---|---|---|
| Feb 28, 2023 | $76.88 | $83.21 |
| Feb 27, 2023 | $75.57 | $81.24 |
| Feb 24, 2023 | $76.19 | $82.31 |
| Feb 23, 2023 | $75.26 | $82.08 |
| Feb 22, 2023 | $73.95 | $79.55 |
| Feb 21, 2023 | $76.28 | $82.14 |
| Feb 20, 2023 | — | $82.79 |
| Feb 17, 2023 | $76.31 | $81.97 |
| Feb 16, 2023 | $78.45 | $83.84 |
| Feb 15, 2023 | $78.57 | $84.11 |
| Feb 14, 2023 | $79.08 | $84.96 |
| Feb 13, 2023 | $80.14 | $85.98 |
| Feb 10, 2023 | $79.74 | $85.46 |
| Feb 9, 2023 | $78.04 | $83.46 |
| Feb 8, 2023 | $78.47 | $84.17 |
| Feb 7, 2023 | $77.17 | $82.92 |
| Feb 6, 2023 | $74.11 | $80.48 |
| Feb 3, 2023 | $73.40 | $78.85 |
| Feb 2, 2023 | $75.87 | $80.57 |
| Feb 1, 2023 | $76.34 | $81.61 |
Prices dipped to $73.40 on Feb 3, 2023, then climbed to $80.14 on Feb 13, 2023 and ended at $76.88. The largest one-day move was +$3.06 on Feb 7, 2023 (+4.1%).
Brent averaged $82.59; its premium over WTI on matched dates averaged $5.74, with the daily Brent − WTI difference ranging from +$4.70 to +$6.82.
Adjusted with CPI-U, the February 2023 average equals $86.05 in September 2026 dollars.
February 2023 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $76.83 | $82.59 |
| Change vs January 2023 | −$1.29 | +$0.09 |
| Change vs February 2022 | −$14.81 | −$14.54 |
| Highest daily price | $80.14 Feb 13, 2023 | $85.98 Feb 13, 2023 |
| Lowest daily price | $73.40 Feb 3, 2023 | $78.85 Feb 3, 2023 |
| Published daily observations | 19 | 20 |
| Average in September 2026 dollars (CPI-U) | $86.05 | $92.50 |
Monthly averages are EIA's published figures. Real figures use CPI-U for February 2023.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Feb 1, 2023 – Feb 28, 2023 | Feb 28, 2023 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Feb 1, 2023 – Feb 28, 2023 | Feb 28, 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)