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News › Price indicators › Crude oil (WTI)

WTI crude oil price

$99.64 per barrel as of Nov 3, 2026

$60.00$80.00$100.00$120.0020222023202420252026
WTI crude oil price, last five years. Source: U.S. Energy Information Administration, retrieved from FRED.

What it measures

The spot price of West Texas Intermediate crude oil at Cushing, Oklahoma, the U.S. benchmark.

Why it matters to a small business

Crude is the main driver of diesel and gasoline prices, and of asphalt, plastics and other petroleum-based materials. Pump prices usually follow it within a few weeks.

Recent readings

DateDollars per barrel
Nov 3, 2026$99.64
Nov 2, 2026$100.06
Oct 30, 2026$107.56
Oct 29, 2026$105.51
Oct 28, 2026$106.25
Oct 27, 2026$103.37
Oct 26, 2026$105.25
Oct 23, 2026$109.72
Oct 22, 2026$104.27
Oct 21, 2026$103.95
Oct 20, 2026$107.89
Oct 19, 2026$110.01

Source

U.S. Energy Information Administration, series DCOILWTICO, retrieved from FRED, Federal Reserve Bank of St. Louis. Published daily. Official figures can be revised after they are first released.

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