Why Does Diesel Cost More Than Gasoline at the Pump?
Diesel is simpler to refine than gasoline, so why does it cost more? Taxes, global demand, and a shift in world energy markets changed the math sometime around 2004.
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Real-time WTI crude, Brent crude, and natural gas market data
WTI Crude Oil Price Chart
WTI (West Texas Intermediate) crude oil — continuous futures contract. Data provided by TradingView.
Energy Markets Overview
Latest News
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The Blockade Is Live. So Are the Talks. Oil Sits at $97.
US warships are blockading Iranian ports while diplomats return to Islamabad. The market cannot price both outcomes at once — and that tension shows in the price.
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Iran Targeted Saudi Arabia's Escape Route. Here's What That Means for Oil.
Attacks on Saudi oil facilities and the East-West pipeline cut 600,000 bpd of production capacity and struck the kingdom's main bypass around a closed Strait of Hormuz.
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Oil at $95: What Happens Next After the Ceasefire
WTI has stabilized around $95 after the biggest one-day crash since 1991. Here is what the next two weeks will determine.
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Ceasefire Triggers Biggest Oil Price Drop Since the Gulf War
A last-minute US-Iran ceasefire sent WTI plunging 18% to $92 — the sharpest one-day oil crash since 1991, outside of COVID. But the Strait of Hormuz is not fully open yet.
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Iran Rejects Ceasefire Proposal as Trump's Final Deadline Arrives
Iran turned down a 45-day ceasefire framework hours before Trump's Tuesday 8 p.m. deadline, leaving oil markets paralyzed between a deal and escalation.
Oil Market Explainers
The Strategic Petroleum Reserve: America's Oil Emergency Fund
The SPR is the world's largest emergency oil stockpile, and the U.S. government has used it as a market tool more than once. Here's how it works and why it matters.
How Gasoline Prices Are Actually Set: From Crude to Pump
The price on the pump sign isn't random, it's the sum of crude oil, refining margins, distribution, taxes, and the station's razor-thin cut. Here's how it all adds up.
What Is the Price of Oil Today?
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.