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Live Crude Oil Spot Prices
WTI Crude
$103.20
per barrel
Closed • Last close
Brent Crude
$117.38
per barrel
Closed • Live
WTI crude · USD
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Prices come from OilPriceAPI's free tier, GoldAPI, or historical daily closes depending on availability; the pill above shows this price's source. Historical data: EIA and FRED for oil; daily closes for gold and silver. Not suitable for trading. Always verify with a regulated broker or exchange.
Brent crude · USD
—
Prices come from OilPriceAPI's free tier, GoldAPI, or historical daily closes depending on availability; the pill above shows this price's source. Historical data: EIA and FRED for oil; daily closes for gold and silver. Not suitable for trading. Always verify with a regulated broker or exchange.
Global oil prices reflect production levels, inventory changes, refinery capacity, and consumption from transport, industry, and heating.
WTI and Brent are the world's most-watched oil prices. WTI represents US inland crude, while Brent reflects international seaborne crude.
OPEC+ decisions, geopolitical events, economic growth, US inventories, and seasonal demand all influence crude oil prices.
WTI (West Texas Intermediate) and Brent crude are the two main oil price benchmarks, quoted in US dollars per barrel. Prices update continuously during trading hours.
WTI is a light, sweet crude from the US, delivered at Cushing, Oklahoma. Brent is a blend of crude from the North Sea. Quality differences and regional supply-demand create price spreads.
Oil prices reflect global supply and demand, OPEC+ production decisions, inventory levels, refinery capacity, geopolitical events, economic growth expectations, and currency movements.
One barrel equals 42 US gallons or approximately 159 liters. It's a standard unit of measurement for crude oil trading.
Oil futures trade nearly 24 hours a day from Sunday evening through Friday afternoon (US time) on exchanges like NYMEX and ICE.
Cushing, Oklahoma is the delivery point for WTI crude oil futures. Inventory levels there directly affect WTI prices and reflect US crude supply-demand balance.