A total of 181 oxygen isotope values from sequential samples of the left shell of a modern Pacific Oyster (Crassostrea gigas) that lived on a sub-tidal oyster bank in the List Basin (North Sea, Germany) shows periodically varying values between + 1.3‰ and -2.5‰. In order to test whether these d18O fluctuations reflect seawater temperature changes, the isotope values of the shell were compared to actual seawater temperature variations from the region. C. gigas serves as an excellent proxy for temperature of palaeoseawater and the results show that the examined oyster precipitated its shell in d18O equilibrium with the ambient seawater. A cessation of the oyster shell calcification starts at water temperatures below 6 °C, at lower temperatures than previously thought for Crassostrea. For palaeoclimate investigations the termination of shell production is important because the lowest temperatures might not be represented in the shell. Higher water temperatures are therefore potentially over-represented in time spans when the shell grows faster and mean oxygen isotope values may potentially bias the mean seawater temperatures of annual variations towards higher temperatures.