Oil Price Today — Live Crude Oil Prices
Real-time Brent Crude, WTI, and global crude oil benchmark prices updated throughout the trading day.
Global Benchmark
Brent Crude
$71.84
▼ -0.56 (-0.77%)
ICE Brent Futures (front month)
US Benchmark
WTI Crude
$67.92
▼ -0.48 (-0.70%)
NYMEX WTI Futures (front month)
Asian Benchmark
Dubai/Oman
$70.15
▼ -0.33 (-0.47%)
Dubai Mercantile Exchange
All Crude Oil Benchmark Prices
| Benchmark ↕ | Price ↕ | Change ↕ | % Change ↕ | Day High ↕ | Day Low ↕ | Time ↕ |
|---|---|---|---|---|---|---|
| Brent Crude | $71.84 | -0.56 | -0.77% | $72.48 | $71.32 | 14:32 |
| WTI Crude | $67.92 | -0.48 | -0.70% | $68.51 | $67.41 | 14:32 |
| Dubai/Oman | $70.15 | -0.33 | -0.47% | $70.62 | $69.88 | 14:30 |
| Murban Crude | $71.20 | +0.18 | +0.25% | $71.45 | $70.85 | 14:30 |
| OPEC Basket | $69.47 | -0.62 | -0.88% | $70.15 | $69.12 | 13:00 |
| Louisiana Light Sweet | $72.15 | -0.42 | -0.58% | $72.68 | $71.80 | 14:32 |
| Mars Sour | $67.10 | -0.55 | -0.81% | $67.72 | $66.85 | 14:32 |
| Western Canadian Select | $55.30 | -0.38 | -0.68% | $55.82 | $55.01 | 14:32 |
| Urals | $62.45 | +0.22 | +0.35% | $62.80 | $62.10 | 12:00 |
| Bonny Light | $73.50 | -0.48 | -0.65% | $74.10 | $73.15 | 12:00 |
| Tapis | $74.80 | +0.15 | +0.20% | $75.10 | $74.45 | 09:00 |
| Basrah Medium | $68.20 | -0.35 | -0.51% | $68.65 | $67.90 | 12:00 |
Crude Oil Price History
Brent Crude
WTI Crude
Dubai/Oman
Energy & Related Products
| Product ↕ | Price ↕ | Change ↕ | % Change ↕ |
|---|---|---|---|
| Natural Gas (Henry Hub) | $3.42 | +0.11 | +3.32% |
| RBOB Gasoline | $2.18 | +0.03 | +1.40% |
| Heating Oil | $2.31 | -0.02 | -0.86% |
| Jet Fuel | $2.45 | -0.03 | -1.21% |
| Propane | $0.78 | +0.02 | +2.63% |
| Ethanol | $1.62 | -0.01 | -0.62% |
Oil Price Calculator
USD
$71.84
EUR
€66.09
GBP
£56.75
SAR
ر.س269.40
CNY
¥520.12
INR
₹5,998.54
Brent-WTI Spread
$3.92
Widening
OPEC+ Compliance
97.2%
Above target
US Crude Inventory
440.2M
Below 5yr avg
Global Demand
103.2 mb/d
Rising
What Affects Oil Prices?
Supply & OPEC
OPEC+ production decisions, US shale output, and geopolitical disruptions directly impact crude oil supply and prices.
Global Demand
Economic growth in China, India, and the US drives oil consumption. Seasonal patterns like summer driving season affect demand.
Geopolitics
Conflicts in the Middle East, sanctions on Russia and Iran, and trade tensions create supply uncertainty and price volatility.
US Dollar
Oil is priced in USD globally. A stronger dollar makes oil more expensive for non-US buyers, reducing demand.
Latest Oil Price News
OPEC
Saudi Arabia signals willingness to extend voluntary cuts through Q3
2 hours ago
Markets
Brent slides below $72 as US dollar strengthens
4 hours ago
Supply
Kazakhstan pipeline outage removes 300,000 b/d
6 hours ago
Demand
China's crude imports rise 7.2% YoY in March
8 hours ago
Corporate
ExxonMobil closes $4.9B Pioneer acquisition
10 hours ago
Geopolitics
EU finalizes 14th sanctions package on Russian fleet
12 hours ago
Frequently Asked Questions About Oil Prices
What is the current oil price?
As of today, Brent Crude is trading at $71.84 per barrel and WTI Crude at $67.92 per barrel. These are front-month futures prices from ICE and NYMEX respectively, updated throughout the trading day.
What is the difference between Brent and WTI?
Brent Crude is the global benchmark sourced from the North Sea, while WTI (West Texas Intermediate) is the US benchmark. Brent typically trades at a premium to WTI due to its global pricing role and waterborne delivery advantage.
Why do oil prices change?
Oil prices fluctuate based on supply and demand, OPEC+ decisions, geopolitical events, economic data, and currency movements. Major factors include US inventory reports, OPEC meetings, Middle East tensions, and global economic growth forecasts.
What is the OPEC Basket price?
The OPEC Basket is a weighted average of oil prices from OPEC member countries, currently at $69.47 per barrel. It includes crudes from Saudi Arabia, Iraq, Nigeria, and other member nations.
How often are oil prices updated?
Oil futures trade nearly 24 hours on weekdays. Brent trades on ICE and WTI on NYMEX, with prices updating in real-time during market hours. OilMarketCap updates prices throughout the trading day.