Crude Oil Price Today
Crude Oil (WTI)Loading...
West Texas Intermediate (WTI) crude oil is the primary US oil benchmark. Oil prices affect energy costs, inflation, and the global economy.
Source: https://oilprice.com/oil-price-charts/
Frequently Asked Questions
What is the current oil price?
Check the price indicator above for the latest WTI crude oil price per barrel in USD.
What affects oil prices?
Oil prices are driven by OPEC+ production decisions, global demand, geopolitical tensions in oil-producing regions, US shale output, and strategic reserve levels.
What is the difference between WTI and Brent?
WTI is the US benchmark priced in Cushing, Oklahoma. Brent is the international benchmark from the North Sea. Brent typically trades at a slight premium to WTI.