Oil Prices Today — Live Crude Oil Price per Barrel
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Tap a contract above to chart it. Prices are front-month futures in U.S. dollars — per barrel for crude, per gallon for gasoline and heating oil, per million BTU for natural gas. The intraday chart refreshes every two minutes; data may be delayed up to 15 minutes.
In our testing, the quickest way to translate a crude headline into your gas budget was simple arithmetic: a barrel holds 42 gallons, so each $1 move in crude is worth about 2.4¢ a gallon. We found that pump prices usually follow crude with a lag of a week or more — so a sharp move on this board is an early warning, not today's price at the station.
U.S. benchmark West Texas Intermediate (WTI) crude is $92.03 a barrel right now, down 1.82% on the day. International benchmark Brent is $105.03, down 1.52%. Brent is trading $13.00 above WTI — an unusually wide gap that signals tight supply outside the U.S.
Key Answers About Oil Prices Today
Every answer below is written from live market data and refreshes every minute.
U.S. benchmark West Texas Intermediate (WTI) crude is $92.03 a barrel right now, down 1.82% on the day. International benchmark Brent is $105.03, down 1.52%. Brent is trading $13.00 above WTI — an unusually wide gap that signals tight supply outside the U.S.
WTI (West Texas Intermediate) is U.S. crude priced at Cushing, Oklahoma; Brent is North Sea crude that sets prices for about two-thirds of the world's oil. Brent usually trades a few dollars above WTI. Right now the gap is $13.00 a barrel.
Oil is falling today (WTI −1.82%, Brent −1.52%). Daily moves usually come from supply news — shipping through the Strait of Hormuz, OPEC+ output and U.S. inventories — plus the dollar and the economic outlook. In the data right now: the U.S. dollar weakened (−0.27%), which makes oil cheaper for foreign buyers; gasoline futures are down 1.56% and diesel futures down 0.46%; Brent's $13.00 premium over WTI suggests supply outside the U.S. is especially tight. The latest headlines below show what traders are reacting to.
The market is pricing oil to be lower in a year: futures for Feb 2028 trade at $76.87 versus $92.03 for the nearest month. Over the past week WTI is up 2.90%, over a month down 8.02%, over three months up 15.99% and over a year up 54.70%. Neither is a guarantee — geopolitics can reset the curve overnight.
The U.S. Energy Information Administration's latest outlook sees Brent averaging about $111 a barrel in October and easing to about $72 by December 2027, with WTI near $68. The forecast assumes supply disruptions gradually ease; a longer disruption would keep prices higher.
In the past 12 months WTI closed as high as $112.95 on April 7, 2026, and Brent as high as $118.35 on March 31, 2026. Today WTI sits 18.5% below that peak.
A barrel holds 42 gallons, so every $1 change in crude works out to roughly 2.4¢ a gallon at the pump once it filters through, usually over a few weeks. The latest government survey puts U.S. regular gasoline at $4.354 a gallon and diesel at $6.199 (week of Oct 5).
Oil Price Chart by Delivery Month — What Traders Expect
The futures market prices WTI for Nov 2026 delivery at $92.03 and for Feb 2028 at $76.87. That downward slope — called backwardation — means traders pay up for oil now and expect supply to loosen later.
Oil Price Forecast From the U.S. Government
The U.S. Energy Information Administration's latest outlook sees Brent averaging about $111 a barrel in October and easing to about $72 by December 2027, with WTI near $68. The forecast assumes supply disruptions gradually ease; a longer disruption would keep prices higher.
| Month | Brent forecast | WTI forecast | U.S. regular gasoline |
|---|---|---|---|
| Sep 2026 | $114 | $97 | $435.48 |
| Nov 2026 | $104 | $97 | $419.65 |
| Jan 2027 | $97 | $93 | $372.09 |
| Mar 2027 | $93 | $89 | $373.78 |
| May 2027 | $87 | $83 | $376.63 |
| Jul 2027 | $82 | $78 | $364.99 |
| Sep 2027 | $78 | $74 | $345.04 |
| Nov 2027 | $74 | $70 | $325.45 |
The Energy Information Administration updates this outlook monthly, and its assumptions about supply disruptions drive most of the path. Compare it with the futures curve above: when the two disagree, it's a sign of how uncertain the outlook really is.
Oil Price Today News — Live Headlines
The latest crude oil, OPEC and energy headlines, refreshed every 10 minutes. Links open the original publisher.
- Headlines are temporarily unavailable — check back in a few minutes.
What Today's Oil Price Means for You
When crude jumps, pump prices typically follow within one to three weeks, and they tend to fall more slowly than they rise. If the board above shows a sharp climb, filling up sooner can save a little. Warehouse clubs and grocery fuel centers usually post the lowest prices in town.
Heating oil follows the diesel futures price on the board above. Many dealers offer fixed-price or capped contracts before winter — compare the per-gallon contract price with today's market and ask about pre-buy deadlines. If the bill is out of reach, the federal Low Income Home Energy Assistance Program is run by your state; dial 211 to find the office that takes applications.
Oil funds like USO hold futures contracts, not barrels, so their returns can drift away from the price you see on the news, especially when the curve slopes up. Energy company stocks respond to oil but also to their own costs and debts. Either way, keep any single commodity bet small in a retirement account.
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Futures prices, the futures curve and headlines are fetched live from Yahoo Finance's public market data and may be delayed up to 15 minutes. U.S. pump prices and the price forecast come live from the U.S. Energy Information Administration's weekly survey and Short-Term Energy Outlook. Written explanations are generated automatically from that data. This page is for information only and is not investment advice.
Key sources: U.S. Energy Information Administration · CME Group (NYMEX) · ICE Futures Europe · Yahoo Finance market data