Quotes for energy resources WTI US Crude Oil Spot (WTI)

West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $66.53 per barrel, down from Tuesday’s close at $66.55. Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $70.03 after its previous daily close at $70.07.

Disclaimer: West Texas Intermediate (WTI) and Brent oil prices mentioned above are based on FXStreet data feed for Contracts for Differences (CFDs).

(An automation tool was used in creating this post.)

• WTI price declines as Trump and Putin agree to a halt in strikes on energy infrastructure amid the Ukraine war.
• API Weekly Crude Oil Stock rose by 4.593 million barrels in the previous week.
• Escalating violence in the Middle East raises concerns over potential supply disruptions in key Oil-producing regions.

West Texas Intermediate (WTI) Oil price remains under pressure for the second consecutive day, trading around $66.50 per barrel during Asian trading hours on Wednesday. The downward trend is driven by expectations of increased Russian supply.

On Tuesday, US President Donald Trump and Russian President Vladimir Putin agreed to an immediate pause in strikes on energy infrastructure amid the Ukraine war. However, Putin declined to support a broader, month-long ceasefire negotiated by Trump’s team with Ukrainian officials in Saudi Arabia, indicating persistent tensions despite the temporary agreement on energy-related attacks.

As one of the world’s largest Oil producers, Russia has seen its output decline since the war began, largely due to Western sanctions. A potential ceasefire could lead to an easing of these sanctions, potentially increasing Oil supply and further pressuring prices.

Meanwhile, data from the American Petroleum Institute (API) on Tuesday showed a mixed picture for US crude inventories. Crude Oil stockpiles rose by 4.593 million barrels for the week ending March 14, while gasoline inventories declined by 1.71 million barrels and distillate stocks dropped by 2.15 million barrels.

However, geopolitical tensions in the Middle East continue to support Oil prices to some extent. Heightened violence threatens supply disruptions in key oil-producing regions. Trump reaffirmed his administration's commitment to military action against Yemen’s Houthis and warned that Iran would be held accountable for any further attacks disrupting Red Sea shipping. Meanwhile, Israeli airstrikes in Gaza, which ended a week-long ceasefire, resulted in at least 200 casualties, according to Palestinian health authorities, reported by Reuters.

West Texas Intermediate (WTI) Oil price advances on Tuesday, early in the European session. WTI trades at $68.22 per barrel, up from Monday’s close at $67.26.

Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $70.66 price posted on Monday, and trading at $71.59.

Disclaimer: West Texas Intermediate (WTI) and Brent oil prices mentioned above are based on FXStreet data feed for Contracts for Differences (CFDs).

(An automation tool was used in creating this post.)

• WTI draws some support from rising geopolitical tensions in the Middle East. 
• The optimism over China’s stimulus measures further benefits the black liquid.
• Concerns about a slowdown in the global economy might cap the commodity.

West Texas Intermediate (WTI) US Crude Oil prices attract buyers for the third straight day on Tuesday and touch a fresh two-week high during the first half of the European session. The commodity currently trades just above the $68.00 mark, up over 1.25% for the day, and seems poised to climb further amid rising Middle East tensions.

US President Donald Trump vowed to continue the assault on Yemen’s Houthis unless they end their attacks on ships in the Red Sea and warned that he would hold Iran responsible for any attacks carried out by the militant group. Adding to this, Israeli air strikes in Gaza ended a weeks-long standoff over extending a ceasefire. This raises the risk of a further escalation of the conflict in the region, which could impact supply, and act as a tailwind for Crude Oil prices. 

Furthermore, the latest optimism over China stimulus measures announced over the weekend turns out to be another factor that lends support to the black liquid. In fact, China’s State Council unveiled a special action plan on Sunday aimed at stimulating domestic consumption and introduced measures to increase household incomes. Adding to this, China’s Shenzhen eased its housing provident fund loan policies to stimulate the property market and clear the overhang. 

This is expected to boost fuel demand in the world's biggest crude importer and supports prospects for further appreciation for Crude Oil prices. That said, the Organization for Economic Co-operation and Development (OECD) lowered its global growth outlook amid worries about Trump's tariffs. This could weigh on global energy demand and hold back traders from placing aggressive bullish bets around the commodity ahead of this week's key central bank event risk.

The Federal Reserve (Fed) is scheduled to announce its decision at the end of a two-day policy meeting on Wednesday. Investors will look for cues about the central bank's rate-cut path, which will play a key role in influencing the near-term US Dollar (USD) price dynamics and provide a fresh impetus to the USD-denominated commodities, including Crude Oil prices. Nevertheless, rising geopolitical risks favor bullish traders and should continue to support the black liquid.

• WTI price drifts higher to near $67.30 in Tuesday’s early Asian session.
• Geopolitical risks and China's plans to boost consumption support the WTI price. 
• Concerns over the impact of Trump’s tariff policies might cap the WTI’s upside. 

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $67.30 during the early Asian session on Tuesday. The WTI price extends the rally as the United States (US) vows to continue attacks on Houthis. 

The Houthis announced on Sunday that they launched an attack comprising 18 ballistic and cruise missiles as well as drones, targeting the USS Harry S Truman aircraft carrier and its accompanying warships in the northern Red Sea. A Houthi military spokesman said that the attack was in reaction to US airstrikes authorized by Trump against rebel-controlled areas in Yemen, including the capital Sanaa and the province of Saada, which borders Saudi Arabia.

US President Donald Trump said on Monday he would hold Iran responsible for any attacks carried out by the Houthi group that it backs in Yemen. This comes as Trump’s administration expanded the largest military operation in the Middle East since his return to the White House. The Red Sea disturbance has caused an increase in energy transportation prices and the WTI price, as oil and gas cargo shipments were forced to take longer routes.

 A slew of positive Chinese economic data as well as a special plan from Chinese officials to boost domestic consumption contribute to the WTI’s upside. On Sunday, China launched special initiatives to boost consumption and raise incomes Other measures include stabilizing the stock and property markets. China’s Retail Sales rose 4% in the first two months of this year, compared to a 3.7% increase in December.

On the other hand, darkened economic outlooks amid an escalating global trade war from Trump's protectionist trade policies could exert some selling pressure on the black gold. Trump's aggressive tariffs on imports are expected to raise prices for businesses, boost inflation and undermine consumer confidence in a blow to economic growth. 

• The Oil price jumps to near $68.00 as China unveils fresh stimulus plan.
• China’s Retail Sales data rose expectedly by 4% in February.
• Investors await US-Russia peace talks and the Fed’s policy decision.

West Texas Intermediate (WTI), futures on NYMEX, posts a fresh weekly high near $68.00 in European trading hours on Monday. The Oil price strengthens on hopes that China’s fresh monetary stimulus plan will boost domestic consumption.

On Sunday, the Chinese ministry announced a comprehensive “special action plan” to ramp up economic growth. The ministry reported that the plan focuses on increasing residents’ incomes, reducing financial burdens, and enhancing the consumption environment, Reuters report.

Such a scenario is favorable for the Oil price given that China is the largest importer of Oil in the world. Meanwhile, China’s upbeat Retail Sales data for February has also offered some strength in the Oil price. The Retail Sales data, a key measure of consumer spending, rose by 4%, as expected.

Going forward, investors will focus on United States (US) President Donald Trump’s talks with Russian leader Vladimir Putin on Tuesday to discuss over a temporary ceasefire with Ukraine. Last week, Ukraine agreed for a 30-day ceasefire after discussing with US officials in Saudi Arabia.

This week, investors will also focus on the Federal Reserve’s (Fed) monetary policy decision, which will be announced on Wednesday. The Fed is almost certain to keep interest rates steady in the range of 4.25%-4.50% for the second time in a row.

West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $67.44 per barrel, up from Friday’s close at $67.15. Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $70.42 price posted on Friday, and trading at $70.65.

Disclaimer: West Texas Intermediate (WTI) and Brent oil prices mentioned above are based on FXStreet data feed for Contracts for Differences (CFDs).

(An automation tool was used in creating this post.)

• WTI climbs as China unveils new measures to stimulate consumption. 
• Houthis take responsibility for attacking the USS Harry S. Truman aircraft carrier. 
• Oil prices gain support amid waning optimism for a quick resolution to the Ukraine war.

West Texas Intermediate (WTI) Oil price extends its winning streak for a second consecutive session, trading around $67.40 per barrel during Asian market hours on Monday. The gains come as crude prices strengthen following China’s, the world's largest oil importer, announcement of new measures to boost consumption.

On Sunday, Beijing announced a special initiative aimed at reviving domestic consumption. The plan includes wage increases, incentives to boost household spending, and efforts to stabilize stock and real estate markets.

Oil prices also received support from escalating geopolitical tensions in the Middle East, which have raised concerns over supply disruptions. On Sunday, the Houthis claimed responsibility for an attack involving 18 ballistic and cruise missiles, as well as drones, targeting the USS Harry S. Truman aircraft carrier and its escorting warships in the northern Red Sea.

Meanwhile, US Defense Secretary Lloyd Austin reaffirmed that the United States (US) would continue targeting Yemen’s Houthis until they cease their attacks on shipping. The Iran-backed group, in turn, has vowed to escalate its retaliation in response to recent US strikes.

Additionally, crude Oil prices found support from fading hopes for a swift resolution to the war in Ukraine, which could have led to increased Russian energy supplies to Western markets. However, discussions on a potential ceasefire may take place this week, as US President Donald Trump and Russian President Vladimir Putin are expected to engage in talks.

Steve Witkoff, Trump’s envoy, stated on Sunday that he anticipates the two leaders will speak, adding that Putin “accepts the philosophy” of Trump’s ceasefire proposal, according to *The Guardian*. Last week, the US and Ukraine proposed a 30-day ceasefire to Russia, with Putin reportedly showing support for the initiative.

West Texas Intermediate (WTI) Oil price advances on Friday, early in the European session. WTI trades at $67.18 per barrel, up from Thursday’s close at $66.53.

Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $69.79 price posted on Thursday, and trading at $70.42.

Disclaimer: West Texas Intermediate (WTI) and Brent oil prices mentioned above are based on FXStreet data feed for Contracts for Differences (CFDs).

(An automation tool was used in creating this post.)

• WTI rises but is still set for its eighth straight weekly loss.
• Crude Oil prices climb following new US sanctions on Iranian oil and Hong Kong-flagged vessels linked to Iran’s shadow fleet.
• Oil demand struggles due to heightened global trade tensions after Trump threatened a 200% tariff on European wines and champagne.

West Texas Intermediate (WTI) Oil price edges higher on Friday after losing more than 1% in the previous session. However, WTI remains on track for its eighth consecutive weekly decline, trading around $66.70 per barrel during Asian hours. The price uptick comes as fresh US sanctions on Iranian Oil and shipping provide some support.

On Thursday, the US imposed new sanctions targeting Iran’s Oil minister as part of its ongoing "maximum pressure" campaign against Tehran. The sanctions also extend to several Hong Kong-flagged vessels involved in Iran’s shadow fleet, which helps conceal oil shipments, according to the US Treasury Department.

Despite this, crude Oil remains under pressure due to broader macroeconomic concerns. Fears that global trade tensions could dampen demand persist, especially after US President Donald Trump threatened a 200% tariff on all European wines and champagne during Thursday’s early US session, sparking concerns in global markets.

Additionally, uncertainty looms over a proposed US-brokered ceasefire between Russia and Ukraine. Russian President Vladimir Putin stated on Thursday that Moscow agrees with the US proposal but insists that any ceasefire must pave the way for lasting peace and address the root causes of the conflict. European Union (EU) High Representative for Foreign Affairs and Security Policy, Kaja Kallas, suggested that Russia is likely to accept the ceasefire proposal but with conditions, according to Reuters.

Further pressuring Oil prices, the International Energy Agency (IEA) warned that a growing supply surplus could intensify as trade tensions weigh on demand while The Organization of the Petroleum Exporting Countries and its alias, known as OPEC+, ramp up production. The IEA projects that global Oil supply will outpace demand by approximately 600,000 barrels per day (bpd) this year, driven by US-led supply growth. Meanwhile, demand growth is forecast at 1.03 million bpd—70,000 bpd lower than last month’s estimate.

West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $67.55 per barrel, up from Wednesday’s close at $67.44. Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $70.69 price posted on Wednesday, and trading at $70.81.

Disclaimer: West Texas Intermediate (WTI) and Brent oil prices mentioned above are based on FXStreet data feed for Contracts for Differences (CFDs).

(An automation tool was used in creating this post.)

• WTI price holds losses as global trade tensions escalate following President Trump’s renewed tariff threats.
• OPEC+ struggles to enforce production targets amid a surge in February crude output, driven primarily by Kazakhstan.
• US gasoline inventories plummeted by 5.7 million barrels, surpassing analysts' expectations of a 1.9 million-barrel decline.

West Texas Intermediate (WTI) crude Oil price remains subdued after two days of gains, trading around $67.40 per barrel during early European hours on Thursday. However, crude Oil could face headwinds as traders shift their focus to escalating global trade tensions.

US President Donald Trump threatened additional tariffs in response to the European Union’s (EU) retaliatory measures against the United States (US). After the US imposed a 25% tariff on European steel and aluminum, the EU countered with tariffs on €26 billion worth of US goods in April. Trump's aggressive stance on tariffs has unsettled investors, weakened consumer and business confidence, and heightened fears of a US recession.

Oil prices may also face downward pressure after the Organization of the Petroleum Exporting Countries (OPEC) reported a significant rise in February crude output, led by Kazakhstan. This increase highlights challenges for OPEC+ in maintaining adherence to agreed production targets, according to Reuters.

On the other hand, Oil found support on Wednesday as US data pointed to strong domestic demand and slowing inflation, easing investor concerns. Government figures showed US gasoline inventories dropped by 5.7 million barrels—far exceeding analysts' expectations of a 1.9 million-barrel decline—while distillate stocks also fell more than anticipated. This sharp decrease in gasoline inventories bolstered expectations for a seasonal demand surge in spring.

According to Reuters, JP Morgan analysts highlighted signs of robust US demand, along with Ukraine’s deployment of 377 drones targeting Russian energy infrastructure and military sites, as factors supporting Oil prices. "As of March 11, global Oil demand averaged 102.2 million barrels per day, growing by 1.7 million barrels per day year-over-year and exceeding our projected monthly increase by 60,000 barrels per day," they noted.

• WTI price drifts higher to $67.40 in Thursday’s early Asian session. 
• Crude oil stockpiles in the US rose by 1.448 million barrels last week, according to the EIA. 
• Concerns over the US economic slowdown and Trump's aggressive tariffs on imports might weigh on the WTI. 

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $67.40 during the early Asian session on Thursday. The WTI price extends the rally amid tighter-than-expected oil inventories. However, the upside for the WTI price might be limited due to mounting fears of a US economic slowdown and the impact of tariffs on global economic growth.

Crude Oil inventories climbed last week. The US Energy Information Administration (EIA) weekly report showed crude oil stockpiles in the United States for the week ending March 7 increased by 1.448 million barrels, compared to a rise of 3.614 million barrels in the previous week. The market consensus estimated that stocks would increase by 2.1 million barrels. 

"This week, the oil build was smaller than expected and gasoline and diesel draws were larger than expected," noted Josh Young, Chief Investment Officer, Bison Interests. "This evidences stronger demand and could see oil prices rise as a result.”

Nonetheless, US President Donald Trump's aggressive tariffs on imports are expected to raise prices for businesses, boost inflation and undermine consumer confidence in a blow to economic growth. This, in turn, might drag the WTI price lower. The White House confirmed on Tuesday that fresh 25% tariffs on all imported steel and aluminum will still go into effect on Wednesday, including against allies and major US suppliers Canada and Mexico.

• WTI price may face challenges as demand concerns grow over a potential US economic slowdown.
• The dollar-denominated commodity found support from a weaker US Dollar.
• API report indicated that US crude oil stockpiles increased by 4.247 million barrels last week, following a 1.455-million-barrel previous decline.

West Texas Intermediate (WTI) Oil price gains ground for the second successive day, trading $66.40 during the European hours on Wednesday. However, Oil prices faced downward pressure amid rising demand concerns over a potential US economic slowdown and the impact of tariffs on global growth, which limited further gains.

However, a weaker US Dollar (USD) might have limited the downside for the Oil prices, driven by growing fears of an economic downturn in the United States (US). President Donald Trump referred to the economy as being in a "transition period," and investors interpreted these remarks as an early warning of potential instability.

Adding to market uncertainty, US stock prices continued to decline on Tuesday, extending the largest selloff in months as investors reacted to higher import tariffs and weakening consumer sentiment. With ongoing ambiguity surrounding tariff developments and persistent worries over US economic growth, Oil market sentiment remains cautious.

Meanwhile, a Houthi spokesperson announced late Tuesday that the group would target any Israeli vessel violating its ban on Israeli ships navigating through the Red and Arabian Seas, the Bab al-Mandab Strait, and the Gulf of Aden, effective immediately.

In the US, the latest American Petroleum Institute (API) report showed crude Oil stockpiles rose by 4.247 million barrels for the week ending February 28, following a 1.455-million-barrel decline the previous week. Analysts had expected an increase of 2.1 million barrels.

Additionally, the US joined other agencies in revising Oil market projections. The International Energy Agency (IEA) cut its 2025 surplus forecast and halved its estimated glut for next year due to anticipated declines in Iranian and Venezuelan crude output. The Energy Information Administration (EIA) also projected a decline in global Oil inventories in Q2 2025.

West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $66.37 per barrel, up from Tuesday’s close at $66.33. Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $69.64 price posted on Tuesday, and trading at $69.68.

Disclaimer: West Texas Intermediate (WTI) and Brent oil prices mentioned above are based on FXStreet data feed for Contracts for Differences (CFDs).

(An automation tool was used in creating this post.)

• WTI price rebounds to around $66.25 in Wednesday’s early Asian session. 
• Softer USD and rising Middle East geopolitical tensions boost the WTI price.
• Crude oil stockpiles in the US rose by 4.247 million barrels last week, according to the API. 

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $66.25 during the early Asian session on Wednesday. The WTI price recovers some lost ground on the weakening in the US Dollar (USD) and escalating geopolitical tensions in the Middle East.  

A decline in the Greenback lifts the USD-denominated commodity price as it makes oil less expensive for overseas buyers. The US Dollar Index (DXY), a measure of the USD's value relative to its most significant trading partners' currencies, declines to new multi-month lows near 103.20. 

A Houthi spokesman said late Tuesday that they will attack any Israeli ship that violates the group's ban on Israeli ships passing through the Red and Arabian Seas, the Bab al-Mandab Strait, and the Gulf of Aden, effective immediately. 

Meanwhile, Trump is trying to choke off Iranian oil exports as part of his attempts to push Tehran to curtail its nuclear program. Iran's Supreme Leader, Ayatollah Ali Khamenei, said on Saturday that his country will not be bullied into negotiations. The rising geopolitical tensions in the Middle East could provide some support to the WTI price in the near term. 

Crude Oil inventories climbed last week. The American Petroleum Institute (API) weekly report showed crude oil stockpiles in the United States for the week ending February 28 rose by 4.247 million barrels, compared to a fall of 1.455 million barrels in the previous week. The market consensus estimated that stocks would increase by 2.1 million barrels. 

US President Donald Trump’s tariff policy uncertainty and the concern over the impact of tariffs on global economic growth might undermine the WTI price. Trump reversed his decision to double tariffs on Canadian steel and aluminum to 50%, which he announced late Tuesday. The White House confirmed that fresh 25% tariffs on all imported steel and aluminum will still go into effect on Wednesday, including against allies and major US suppliers Canada and Mexico.

• WTI price rebounds to around $66.25 in Wednesday’s early Asian session. 
• Softer USD and rising Middle East geopolitical tensions boost the WTI price.
• Crude oil stockpiles in the US rose by 4.247 million barrels last week, according to the API. 

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $66.25 during the early Asian session on Wednesday. The WTI price recovers some lost ground on the weakening in the US Dollar (USD) and escalating geopolitical tensions in the Middle East.  

A decline in the Greenback lifts the USD-denominated commodity price as it makes oil less expensive for overseas buyers. The US Dollar Index (DXY), a measure of the USD's value relative to its most significant trading partners' currencies, declines to new multi-month lows near 103.20. 

A Houthi spokesman said late Tuesday that they will attack any Israeli ship that violates the group's ban on Israeli ships passing through the Red and Arabian Seas, the Bab al-Mandab Strait, and the Gulf of Aden, effective immediately. 

Meanwhile, Trump is trying to choke off Iranian oil exports as part of his attempts to push Tehran to curtail its nuclear program. Iran's Supreme Leader, Ayatollah Ali Khamenei, said on Saturday that his country will not be bullied into negotiations. The rising geopolitical tensions in the Middle East could provide some support to the WTI price in the near term. 

Crude Oil inventories climbed last week. The American Petroleum Institute (API) weekly report showed crude oil stockpiles in the United States for the week ending February 28 rose by 4.247 million barrels, compared to a fall of 1.455 million barrels in the previous week. The market consensus estimated that stocks would increase by 2.1 million barrels. 

US President Donald Trump’s tariff policy uncertainty and the concern over the impact of tariffs on global economic growth might undermine the WTI price. Trump reversed his decision to double tariffs on Canadian steel and aluminum to 50%, which he announced late Tuesday. The White House confirmed that fresh 25% tariffs on all imported steel and aluminum will still go into effect on Wednesday, including against allies and major US suppliers Canada and Mexico.

West Texas Intermediate (WTI) Oil price advances on Tuesday, early in the European session. WTI trades at $65.95 per barrel, up from Monday’s close at $65.67. Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $68.99 price posted on Monday, and trading at $69.28.

Disclaimer: West Texas Intermediate (WTI) and Brent oil prices mentioned above are based on FXStreet data feed for Contracts for Differences (CFDs).

(An automation tool was used in creating this post.)

• WTI price could lose ground as tariff concerns could slow economic growth.
• President Donald Trump referred to the economy as being in a "transition period," hinting at a potential slowdown.
• Oil demand concerns rise due to deepening deflationary pressures in China, the world’s top Oil importer.

West Texas Intermediate (WTI) Oil price edges higher on Tuesday, trading around $65.90 per barrel during early European hours after experiencing losses in the previous session. However, crude Oil prices faced headwinds amid concerns that United States (US) tariffs could slow economic growth and reduce Oil demand.

Tariffs imposed—and later delayed—by US President Donald Trump on major oil suppliers, including Canada and Mexico, along with China’s retaliatory measures, have raised fears of a global economic slowdown. Both China and Canada have responded with their tariffs.

Ontario’s Premier Doug Ford announced that starting Monday, electricity prices for 1.5 million American homes and businesses will rise by 25% in retaliation for Trump’s trade policies. Meanwhile, China implemented retaliatory tariffs of up to 15% on select US agricultural products on Monday, following last week’s US tariff hike from 10% to 20% on Chinese imports.

Additionally, President Trump characterized the economy as being in a "transition period," hinting at a potential slowdown. Investors took his remarks as an early signal of possible economic turbulence in the near future.

Economic weakness in China, the world’s top Oil importer, further pressured crude prices. Recent data suggested deepening deflationary pressures despite government stimulus efforts, with February marking the sharpest decline in consumer prices in 13 months and the 29th consecutive monthly drop in factory-gate prices.

Russian Deputy Prime Minister Alexander Novak announced on Friday that the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, had agreed to start increasing Oil production in April. However, he cautioned that the decision could be reversed if market imbalances arise.