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Oil Price (WTI) in 1993

The oil price (WTI) fell 27.2% in 1993, from $19.49 at the end of 1992 to $14.19. Its highest close was $21.05 on Mar 4, and its lowest $13.98 on Dec 17. The biggest one-day fall was −4.0% on Nov 24 and the biggest rise +4.7% on Jan 25. Adjusted for inflation, it lost 29.1%.

Change in 1993
−27.2%
$19.49 → $14.19
High
$21.05
Mar 4
Low
$13.98
Dec 17
After inflation
−29.1%
US CPI
Up days
107 of 250
longest run 4 up, 6 down
Below record
-65.4%
at the end of 1993

Oil Price (WTI), daily closes 1993

Numbers mark the events below
$15$18$20JanFebMarAprMayJunJulAugSepOctNovDec1Jan 12: Enters a bear market: 20% below its peak of $23.03 (June 24, 1992).2Jan 25: Biggest one-day rise of the year: +4.7%.3Nov 24: Biggest one-day fall of the year: −4.0%.4Dec 8: President Clinton signs the North American Free Trade Agreement Implementation Act.

Key Events in 1993

What happened, and how the WTI oil moved — on the day (or the next trading day) and about a month later.

  1. 1
    Tuesday, January 12 From the data
    Enters a bear market: 20% below its peak of $23.03 (June 24, 1992).
  2. 2
    Monday, January 25 From the data
    Biggest one-day rise of the year: +4.7%.
  3. 3
    Wednesday, November 24 From the data
    Biggest one-day fall of the year: −4.0%.
  4. 4
    Wednesday, December 8
    President Clinton signs the North American Free Trade Agreement Implementation Act. Source
    WTI oil: +0.6% that day · +5.5% a month later

Biggest days of 1993

Best daysWorst days
Jan 25+4.7%Nov 24−4.0%
Jan 28+3.7%Dec 13−3.6%
Sep 29+3.7%Jul 14−3.4%
Sep 20+3.4%Dec 2−3.4%
Sep 28+3.1%Sep 7−3.3%

Volatility: 23.8% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$20.27+4.0%$20.38$18.21
Feb$20.53+1.3%$20.63$19.30
Mar$20.44−0.4%$21.05$19.52
Apr$20.54+0.5%$20.67$19.79
May$20.04−2.4%$20.58$19.15
Jun$18.82−6.1%$20.20$18.35
Jul$17.94−4.7%$18.50$17.20
Aug$18.24+1.7%$18.82$17.30
Sep$18.72+2.6%$18.73$16.74
Oct$16.97−9.3%$18.76$16.97
Nov$15.36−9.5%$17.50$15.30
Dec$14.19−7.6%$15.45$13.98

Other Markets in 1993

Change over the calendar year.

MarketChangeYear-end
Oil Price (WTI)−27.2%$14.19
Dow Jones Industrial Average in 1993+13.7%3,754.09
S&P 500 in 1993+7.1%466.45
Nasdaq Composite in 1993+14.7%776.80
Russell 2000 in 1993+17.0%258.59
Nikkei 225 in 1993+2.9%17,417.00
Gold in 1993+17.7%$391.75
Silver in 1993+39.4%$5.12
Brent crude oil in 1993−26.2%$13.18
US 10-year Treasury yield in 1993−0.87 pp5.83%
1990199119921993199419951996199719981999

Oil Price (WTI) in 1993: FAQ

How much did the oil price (WTI) fall in 1993?

The oil price (WTI) fell 27.2% in 1993, from $19.49 at the end of 1992 to $14.19. Its highest close was $21.05 on Mar 4, and its lowest $13.98 on Dec 17. The biggest one-day fall was −4.0% on Nov 24 and the biggest rise +4.7% on Jan 25. Adjusted for inflation, it lost 29.1%.

What were the highest and lowest closes of the oil price (WTI) in 1993?

Highest: $21.05 on March 4, 1993. Lowest: $13.98 on December 17, 1993. It closed higher on 107 of 250 trading days.

What happened to the oil price (WTI) on December 8, 1993?

President Clinton signs the North American Free Trade Agreement Implementation Act. The oil price (WTI) rose 0.6% that day, and was +5.5% a month later.

Data: WTI Cushing spot price (EIA via FRED) from 1986, NYMEX front-month futures closes after that. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.