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Oil prices were under pressure in early Asian trading on Tuesday as growing optimism around Russia-Ukraine peace talks and disappointing economic indicators out of China undercut market sentiment,…

The current price of West Texas Intermediate (WTI) crude oil today is $56.51 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.

5 days ago · Venezuela’s oil production has collapsed under years of mismanagement and U.S. sanctions, leaving the country reliant on shadow fleets and limited foreign partners.

Escalating tensions between the United States and Venezuela could lead to profound changes in the oil industry of the world’s largest crude resource holder. Any regime change of President Nicolas…

5 days ago · 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. government shutdown …

Jan 6, 2025 · For now, the nation is riding a wave of rising crude oil production—up 17% year-over-year—and robust partnerships.