Today’s Oil Price: Brent Crude & WTI Oil Prices Today

We receive compensation from the companies that advertise on Blueprint which may impact how and where products appear on this site. Blueprint does not include all companies, products or offers that may be available to you within the market. A list of selected affiliate partners is available here. There are two main differences between WTI and Brent, the location from which they are sourced and the quality of the oil. These two factors lead to a price difference between the two termed the ‘spread’ which will change depending on different supply/demand dynamics and geopolitical influences.

Platinum price today: Platinum is trading at $940.10

Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude and Brent Crude patterns. Get information on key pivot points, support and resistance and crude oil news today. WTI and Brent oil futures are standardized contracts traded on futures exchanges.

Oil prices are typically quoted per barrel — this is the same for the Brent crude oil spot price. WTI crude oil and international Brent crude oil are influenced by several factors that can change the market’s supply and demand balance. The highest ever historical WTI crude oil price was at $141.63 per barrel. Other significant recent historical highs include $77.74 per barrel in Jul, 2006 and $109.50 per barrel in Aug, 2013. Futures contracts are agreements to buy or sell a standardized amount of an asset at a specific price on a specific future date. WTI and Brent futures contracts each represent 1,000 barrels of oil per contract.

WTI chart

1. It requires a deep understanding of the oil market, risk management techniques, and the ability to monitor positions actively.
2. These exchanges offer electronic trading platforms where traders can execute transactions and manage their positions.
3. In comparison to one week ago ($78.24 per barrel), Brent oil is up 0.59%.

The current price of West Texas Intermediate (WTI) crude oil today is $73.89 per barrel. Live charts, historical data, futures contracts, and breaking news on WTI prices can be found below. One of the most popular ways investors speculate on crude oil and other commodity prices is by trading futures contracts. Futures contracts are agreements to buy or sell a standardized amount of an asset at a specific price on a particular future date.

Silver price today: Silver is trading at $29.44

An easy way to get breaking news about the crude oil market is to create a Google Alert which will email you top news stories about oil as they occur. WTI crude oil also opened 2021 with an uptrend at $48.27 per barrel. WTI crude had a series of rallies and tumbles to reach a year-high price of $84.06 per barrel in late October 2021. The real-time price of Brent crude oil is at $78.70 per barrel, and the price of WTI crude oil is at $75.24 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in the US or when referring to US crude oil.

Barchart Plus Members have 10 downloads per day, while Barchart Premier Members may download up to 250 .csv files https://forexanalytics.info/ per day. The list of symbols included on the page is updated every 10 minutes throughout the trading day. However, new stocks are not automatically added to or re-ranked on the page until the site performs its 10-minute update. Brent crude oil opened the year of 2020 amidst an uptrend that began in November 2020 from $38.84 per barrel and continued the rally to $68.72 per barrel until early March 2021.

Supply and Demand

This guide explains exactly what the oil spot price represents and what factors determine the constantly moving live price. Saudi Arabian oil is neither WTI, extracted in the U.S., nor Brent, extracted in the North Sea near Europe. Saudi Arabia’s state-owned oil company, Saudi Aramco, uses the Dubai/Oman crude oil benchmark when pricing its oil for delivery to Asia. Brent crude fell to its 52-week low of $72.48 per barrel on Dec. 13, 2023.

The primary futures contracts for Brent crude oil trades on the ICE under the symbol B. The most popular WTI crude oil futures contracts are traded on the NYMEX. Each CL contract represents 1,000 barrels of oil, and the contracts trade Sunday to Friday from 6 p.m. Technological developments and changes in resource distributions along the oil supply chain will also impact crude oil spot prices. The increased focus on renewable energy is already accelerating such changes.

The « More Data » widgets are also available from the Links column of the right side of the data table. Oct WTI crude oil (CLV24) Thursday closed up +1.39 (+1.87%), and Oct RBOB gasoline (RBV24) closed up +4.04 (+1.95%). WTI crude is a blend of oils extracted from U.S. oilfields in Texas, North Dakota and Louisiana and is delivered to Cushing, Oklahoma.

Brent Crude is a particularly light crude oil which is carried from the North Sea to the Sullom Voe Terminal on Mainland, Shetland by an underwater pipeline. WTI and Brent oil futures can be suitable for individual investors, but they come with inherent risks. Futures trading involves leverage, meaning that a small change in the futures price can result in significant gains or losses. It requires a deep understanding of the oil market, risk management techniques, and the ability to monitor positions actively. Individual investors should carefully assess their risk tolerance and consider seeking professional advice before engaging in oil futures trading.

This tool will download a .csv file for the View being displayed. For other static pages (such as the Russell 3000 Components list) all rows will be downloaded. Also unique to Barchart, Flipcharts allow you to scroll through all the symbols on the table in a chart view. While viewing Flipcharts, you can apply a custom chart template, further customizing the way you can analyze the symbols. End-of-Day prices are updated at 8pm CST each evening, and includes the previous session volume and open interest information. West Texas Intermediate prices have drifted lower in 2024, but prices are up 8.21% over the past three years.

Yes, WTI and Brent oil futures are commonly used for hedging purposes by participants in the oil industry. Oil producers, refiners, and other market participants often utilize futures contracts to manage their exposure to price volatility. By taking positions in oil futures, they can offset potential losses from adverse price movements in the physical market, providing a form of insurance against price risks. Oil futures are traded on commodities exchanges, such as the New York Mercantile Exchange (NYMEX) and the Intercontinental Exchange (ICE). These exchanges provide a platform for contrary to opinion, week appears, ultimately, a long time participants to buy or sell oil futures contracts.