Real-time WTI crude, Brent crude, and natural gas market data
WTI (West Texas Intermediate) crude oil — continuous futures contract. Data provided by TradingView.
A drone hit Oman's Mina al-Fahal terminal Friday, the export hub that was the market's workaround to the closed Strait of Hormuz. Brent firmed to around $94-95 after a midweek pullback. OPEC+ meets Sunday and is expected to raise quotas again, even as the closure keeps Saudi output 3 million barrels a day below its existing quota.
Iran fired roughly 30 missiles and drones at Gulf states at dawn Wednesday, killing one and injuring more than 60 at Kuwait's main airport, after the US struck Qeshm Island. Brent climbed back toward $100 and WTI above $95, reinforced by an 8-million-barrel US crude draw. The desensitized market finally repriced.
Iran suspended the indirect nuclear talks over Israel's escalation in Lebanon. Trump said "I don't care" if they are over, then claimed on Truth Social they continue "at a rapid pace." Oil fell, with Brent at $93.80 and WTI at $91, as a Lebanon ceasefire and Trump's de-escalation signals outweighed the broken talks.
The tentative ceasefire deal went unsigned over the weekend. Iran downed a US drone, the US bombed Iranian sites at Geruk and Qeshm Island, and a US base in Kuwait came under fire. Brent rebounded 3.3% to $94.15, WTI to $90.63, reversing part of last week's 20% collapse.
Negotiators reached a tentative 60-day ceasefire deal Thursday, but it sits unsigned on Trump's desk and Iran has not confirmed it. Brent fell to $92.50, WTI to $87.40 — the steepest weekly drop since April. Iran fired warning shots at four vessels in Hormuz the same day.
A 50-year history of oil prices, from the 1973 OPEC embargo through the 2008 spike to $147, the 2020 negative-price COVID crash, and the 2026 Hormuz crisis. Inflation-adjusted comparisons and the pattern that explains why oil shocks keep happening.
A practical guide to the forces that push crude oil prices up and down. Demand cycles, OPEC+ decisions, the dollar, inventories, geopolitical risk, and how the same mechanisms work in both directions.
The US became a net petroleum exporter in 2019. Here's who's buying American crude — the top destinations, how the mix has shifted since Ukraine, and what the Hormuz crisis means for US export flows.
The price of oil is one of the most closely watched commodity prices in the world. WTI (West Texas Intermediate) crude oil serves as the primary benchmark for U.S. oil pricing, while Brent crude is the international benchmark. Both prices fluctuate continuously based on supply and demand dynamics, OPEC+ production decisions, geopolitical events, and broader macroeconomic conditions.
Use the charts above for live WTI and Brent crude oil prices, or visit our dedicated WTI crude oil page and Brent crude page for in-depth analysis.