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The current price of West Texas Intermediate (WTI) crude oil today is $58.31 per barrel. Live charts, historical data, futures contracts, and breaking news on WTI prices can be found below.

3 days ago · Shell and INEOS Energy have struck oil at a deepwater exploration well in the U.S. Gulf of Mexico, confirming a new discovery in the high-pressure Norphlet formation.

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.

2 days ago · Oil prices stabilized on Wednesday after a run of gains, with markets digesting U.S. economic strength and ongoing supply uncertainty tied to Venezuelan crude exports and the …

Sep 11, 2020 · Find U.S. and Canadian rig count and drilling data, and use Oilprice.com's graphing tools to compare oil prices, frac spread, production and drilling data per basin or province.

Jul 28, 2025 · U.S. crude oil production from onshore federal lands reached a record high in 2024, largely driven by increased activity in New Mexico's Permian Basin, while offshore production growth …

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 reactions globally.

Apr 23, 2025 · Oil production in the world’s largest importer of the commodity hit an all-time high of 4.6 million barrels daily. China will not cease to be a major importer of crude anytime soon.