West Texas Intermediate (WTI) futures opened at $57.50 per barrel (bbl) on October 21, 2025. Brent crude opened at $61.00 per barrel. Both benchmarks remain closely watched gauges of global energy supply and demand. WTI futures are trading at $57.21/bbl, as of 9:24 a.m. ET. That’s down 0.49% since yesterday’s close.

Gasoline prices have fallen to just over $3 per gallon. That’s good news for consumers and the Trump administration after President Trump promised to bring down prices, but it could

Oil prices have fallen sharply this year as the global supply has remained strong and demand has been slow to grow.

Over 1.2 billion barrels of oil are currently in transit on tankers, driven by increased supply from OPEC+ and non-OPEC+ exporters, longer voyages, and rising production from the Americas.

The 10-year Treasury yield and the price of oil are highly correlated. With crude at five-year lows, that could help borrowing costs come down.

Wall Street stocks advanced toward record highs Thursday as oil prices surged roughly 5.5% following President Trump's 'massive' new sanctions on Russian crude.

Global oil prices are signalling that the market is tipping into a protracted period of oversupply, but the huge disparity in forecasts for OPEC’s production will likely limit the selloff.