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Detailed analysis of crude oil price movements and crude oil news which looks at geopolitics and technical advancements affecting the oil sector. | Page 1

The current price of West Texas Intermediate (WTI) crude oil today is $60.08 per barrel. Live charts, historical data, futures contracts, and breaking news on WTI prices can be found below.

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1 day ago · Congress just overturned a Biden-era rule that had restricted how much of the Arctic National Wildlife Refuge’s Coastal Plain could be leased for oil and gas.

Jul 14, 2025 · Global oil consumption reached an all-time high in 2024, driven primarily by non-OECD countries, with the U.S. remaining the largest consumer.

Aug 1, 2025 · The new oil discovery comes as Pakistan is looking to develop its domestic resources to reduce dependence on imported oil and gas.

Jul 28, 2025 · U.S. crude oil production from onshore federal lands reached a record high in 2024, largely driven by increased activity in New Mexico's Permian Basin, while offshore production growth …

Jun 22, 2025 · Oil production growth is slowing due to natural depletion and rising costs, especially in the Permian Basin, but new federal estimates could offset geological limits.

3 days ago · Light crude oil futures surged more than 8% this week, driven by aggressive short-covering and geopolitical risk after the U.S. slapped new sanctions on Russia’s top oil exporters.