Oil Prices in November 2023: WTI & Brent Daily Prices and Monthly Average
WTI averaged $77.69 per barrel in November 2023, down $7.95 (9.3%) from October 2023. A year earlier, in November 2022, it averaged $84.37, so the price was lower by $6.68 (7.9%) year over year.
Daily spot prices, November 2023
Chart data table (22 rows)
| Period | WTI | Brent |
|---|---|---|
| Nov 30, 2023 | $75.66 | $81.72 |
| Nov 29, 2023 | $77.56 | $82.98 |
| Nov 28, 2023 | $76.09 | $81.66 |
| Nov 27, 2023 | $74.46 | $79.49 |
| Nov 24, 2023 | $74.83 | $79.82 |
| Nov 23, 2023 | — | $80.85 |
| Nov 22, 2023 | $76.80 | $81.76 |
| Nov 21, 2023 | $78.35 | $82.42 |
| Nov 20, 2023 | $78.10 | $83.25 |
| Nov 17, 2023 | $76.47 | $81.22 |
| Nov 16, 2023 | $73.50 | $77.73 |
| Nov 15, 2023 | $77.15 | $82.40 |
| Nov 14, 2023 | $78.90 | $84.20 |
| Nov 13, 2023 | $78.86 | $84.09 |
| Nov 10, 2023 | — | $83.66 |
| Nov 9, 2023 | $76.34 | $81.74 |
| Nov 8, 2023 | $75.85 | $81.46 |
| Nov 7, 2023 | $77.96 | $83.43 |
| Nov 6, 2023 | $81.54 | $87.31 |
| Nov 3, 2023 | $81.19 | $87.55 |
| Nov 2, 2023 | $83.04 | $89.02 |
| Nov 1, 2023 | $81.05 | $86.92 |
Prices fell over the month, from $81.05 on Nov 1, 2023 to $75.66 on Nov 30, 2023. The largest one-day move was −$3.65 on Nov 16, 2023 (−4.7%).
Brent averaged $82.94; its premium over WTI on matched dates averaged $5.32, with the daily Brent − WTI difference ranging from +$4.07 to +$6.36.
Adjusted with CPI-U, the November 2023 average equals $85.25 in September 2026 dollars.
November 2023 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $77.69 | $82.94 |
| Change vs October 2023 | −$7.95 | −$7.66 |
| Change vs November 2022 | −$6.68 | −$8.48 |
| Highest daily price | $83.04 Nov 2, 2023 | $89.02 Nov 2, 2023 |
| Lowest daily price | $73.50 Nov 16, 2023 | $77.73 Nov 16, 2023 |
| Published daily observations | 20 | 22 |
| Average in September 2026 dollars (CPI-U) | $85.25 | $91.01 |
Monthly averages are EIA's published figures. Real figures use CPI-U for November 2023.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Nov 1, 2023 – Nov 30, 2023 | Nov 30, 2023 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Nov 1, 2023 – Nov 30, 2023 | Nov 30, 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)