Crude Oil Price Today in United States

Live WTI Crude Oil Price Chart — United States (NYMEX)

Live crude oil price in USA today — WTI price per barrel updated every 5 minutes from NYMEX, New York

The WTI crude oil price today in the United States is traded on NYMEX and serves as the primary benchmark for North American oil markets. WTI is produced primarily from oil fields in Texas, North Dakota, and Oklahoma, delivered to Cushing, Oklahoma — the Pipeline Crossroads of the World.

What is WTI Crude Oil? The United States Benchmark Explained

WTI crude oil price today USA — understanding the benchmark that powers America's energy market

WTI (West Texas Intermediate) is the primary crude oil benchmark for the United States, produced mainly in Texas, Oklahoma, and North Dakota. It is a light, sweet crude with an API gravity of 39.6° and sulfur content of only 0.24% — making it the easiest and cheapest to refine into gasoline.

Why Crude Oil Prices Change Daily in the United States

Why is WTI crude oil price changing today in the US — top 4 drivers explained

US Crude Oil Price vs Global Oil Prices — Key Differences

Oil price per barrel today US compared to Brent, Dubai, and Canadian WCS benchmarks

Crude Oil Price Forecast USA — Will Oil Prices Rise or Fall?

US crude oil price forecast 2025–2026 — expert analysis of WTI bullish and bearish factors

⚠️ Forecasts are inherently uncertain. Not financial advice. Consult a certified financial advisor before making energy market investments.

Gasoline vs Crude Oil Price in the US — How They Connect

How live crude oil price USA today flows through to gas pump prices in Texas, California, and New York

Every $10/barrel rise in WTI = approximately +$0.23–0.25 per gallon at US gas pumps

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Frequently Asked Questions

Crude oil price today in the United States — everything you need to know

What is the crude oil price today in the United States per barrel?

The current WTI crude oil price in the United States is shown live at the top of this page, updated every 5 minutes from NYMEX. WTI (West Texas Intermediate) is the US benchmark crude produced primarily in Texas, Oklahoma, and North Dakota. Today's WTI price is generally $1–5 lower than the international Brent benchmark due to geographic and transportation factors at the Cushing, Oklahoma delivery point.

Why is the WTI crude oil price changing so much today in the US?

WTI crude oil prices in the United States change based on: (1) EIA weekly inventory reports released every Wednesday — a supply build pushes prices down, a draw pushes them up; (2) OPEC+ production decisions — cuts support prices, increases pressure them; (3) US Dollar strength — a stronger Dollar means lower oil prices in USD terms; (4) geopolitical events in the Middle East, Russia, or Venezuela; (5) US shale production data from the Permian Basin in Texas.

What is the current WTI crude oil price chart in the USA live?

The live WTI crude oil price in the USA is displayed at the top of this page with data refreshed every 5 minutes. For intraday minute-by-minute WTI charts, TradingView offers free WTI futures charts. Our page focuses on the current spot price, daily % change, WTI–Brent spread, and the fundamental drivers of the US crude oil market today.

How does crude oil price affect gasoline prices in the United States?

In the United States, crude oil accounts for about 50–55% of the retail gasoline price. The rest includes refining costs (~15–20%), distribution and marketing (~10–15%), and federal + state taxes (~15–20%). Every $10/barrel change in WTI crude translates to approximately $0.23–0.25 per gallon change at the pump. California typically sees higher gas prices than Texas due to stricter fuel blending requirements and higher state taxes.

What is the crude oil price forecast for the USA in 2025–2026?

Most analysts (Goldman Sachs, JP Morgan, EIA Short-Term Energy Outlook) expect WTI to trade in the $70–85 range in 2025–2026, with record US Permian Basin shale production creating a natural ceiling around $85–90/barrel and OPEC+ cuts providing a floor near $65–70/barrel. The key wildcard remains China's economic recovery pace and global demand growth.

Is the United States a net oil exporter or importer?

The United States is the world's largest crude oil producer (13+ million barrels/day) but also imports significant crude volumes — particularly heavy Canadian oil (WCS) that US Gulf Coast refineries are configured to process. The US became a net total petroleum exporter (including refined products) in 2020, the first time in decades, thanks to the shale revolution from the Permian Basin, Eagle Ford, and Bakken formations.

What are the highest and lowest WTI crude oil prices in US history?

The highest WTI price in US history was ~$147/barrel in July 2008 (pre-financial crisis demand spike). The lowest was -$37.63/barrel on April 20, 2020 — the world's first negative oil price — when COVID-19 destroyed demand and US storage was completely full. Other notable lows: ~$10/barrel in 1998 (Asian financial crisis) and ~$26/barrel in early 2016 (US shale oversupply). 

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