Oil Prices Today: Overview
The global oil prices today reflect the supply and demand dynamics of crude oil markets. Investors, traders, and consumers closely follow oil prices to anticipate energy costs and market trends. This article provides the latest updates on crude oil price, including Brent and WTI benchmarks.
Brent Crude Oil Price
Brent crude oil is a major benchmark for international oil prices, representing oil extracted from the North Sea. Its price influences global oil markets and trading decisions. The following table shows the latest Brent crude oil price:
| Benchmark | Price per Barrel (USD) | Change |
|---|---|---|
| Brent Crude | $86.50 | +0.8% |
WTI Crude Oil Price
WTI (West Texas Intermediate) is another major benchmark used primarily in the United States. Traders track WTI oil price for futures contracts and crude oil trading. Current WTI crude oil price is shown below:
| Benchmark | Price per Barrel (USD) | Change |
|---|---|---|
| WTI Crude | $81.20 | +0.5% |
Crude Oil Futures Prices
Crude oil futures allow traders and investors to buy or sell oil at a predetermined price for a future date. Futures prices are influenced by global supply-demand dynamics, geopolitical events, and economic indicators.
| Contract | Price per Barrel (USD) | Expiry Date |
|---|---|---|
| Brent Oil Futures | $86.70 | Dec 2026 |
| WTI Oil Futures | $81.40 | Dec 2026 |
