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1 day ago · Venezuela may be forced to start shutting in oil production as it runs out of storage space amid the U.S. tanker blockade, Bloomberg has reported, citing unnamed sources.

The current price of West Texas Intermediate (WTI) crude oil today is $56.02 per barrel. Live charts, historical data, futures contracts, and breaking news on WTI prices can be found below.

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.

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.

Jul 8, 2025 · Shell and Exxon warned of weaker Q2 earnings due to lower oil and gas prices, with Exxon expecting a $1.5 billion hit.

2 days ago · The global oil market looks well-supplied at the end of the year, with output sufficient to absorb a supply disruption in Venezuela, the world’s biggest crude resource holder.

Jun 22, 2025 · The United States launched targeted strikes on three Iranian nuclear facilities, escalating Middle East tensions, prompting fears of soaring oil prices and drawing sharp …

Dec 12, 2025 · Crude oil prices traded defensively this week as bearish fundamentals overshadowed short-term risk catalysts. While geopolitical tensions and the end of the U.S. …