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.

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

President Trump said that India will stop buying Russian oil (CL=F, BZ=F). Yahoo Finance Senior Business Reporter Ines Ferré joins Market Domination host Josh Lipton to discuss the details and explain what investors should be expecting from oil prices.

Most actively traded U.S. oil futures ended Thursday at $56.99 a barrel, down 2.2% on the day and 19% from a year ago. That marked the lowest price since February 2021. Brent crude futures, the international gauge, shed 1.4% Thursday to end at $61.06 a barrel, the lowest since May, when President Trump’s tariff barrage sank oil prices.

WTI crude oil slides to $56.8 amid record seaborne storage of 1.24 billion barrels. Click here for more information on WTI Crude.