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Information about historical WTI and Brent crude oil spot prices from the US Energy Information Administration. EIA provides daily data from 1986 (WTI) and 1987 (Brent) to present.
West Texas Intermediate (WTI) is the US benchmark crude oil. EIA provides daily spot prices from 1986 onward.
View Current WTI PriceBrent crude is the international benchmark. EIA provides daily spot prices from 1987 onward.
View Current Brent PriceWTI and Brent both reached all-time highs in July 2008. The spike was driven by strong demand growth, geopolitical tensions, and speculation ahead of the 2008 financial crisis.
In April 2020, oil prices collapsed due to pandemic-driven demand destruction and storage constraints. WTI spot prices briefly went negative as storage facilities neared capacity.
Oil prices surged following Russia's invasion of Ukraine in February 2022. Prices have since stabilized but remain elevated compared to pre-pandemic levels.
All historical oil price data comes from the US Energy Information Administration (EIA), the statistical agency of the US Department of Energy. EIA publishes official daily spot prices for: