WTI Crude Oil news & analysis
West Texas Intermediate (WTI) is the main US crude oil benchmark, quoted in US dollars per barrel.
The reading
The news
Minor bearish impulse
Priced in
Overshot
What follows
Nothing worth acting on
Reading as of . Research context, not investment advice. It never tells you what to trade.
How a reading is madeWhy is WTI up or down today?
WTI plunged 9% as US election results raised hopes for an end to the Iran war, with traders betting on a US-Iran deal that sent Brent to $100 and put oil on track for a 12% weekly loss despite fresh tanker attacks. WTI later settled at $90.52, up 2.72%, after dropping to $87 as Trump ruled out immediate Iran strikes, with focus on key support at the 200-day moving average near $86.00.
Updated
Latest news
Friday, November 6
Thursday, November 5
Wednesday, November 4
Upcoming economic events
| Event | Forecast | Currency |
|---|---|---|
| Friday, November 6 | ||
| FOMC Member Logan Speaks | USD | |
| FOMC Member Williams Speaks | USD | |
| Unemployment Rate | 4.2% | USD |
| Employment Change | 14.6K | CAD |
| Non-Farm Employment Change | 65K | USD |
| Unemployment Rate | 6.5% | CAD |
| Average Hourly Earnings m/m | 0.3% | USD |
| FOMC Member Musalem Speaks | USD | |
Day by day
106 days on record since July 22, 2026. Each column is one day: the bar is its headlines, the mark is the reading at its close.
Recent days
- Thu, Nov 5Neutral13 headlines. WTI crude has been volatile as traders focus on prospects for an end to the Iran conflict, with reports citing hopes for a U.S.-Iran deal and Trump ruling out immediate strikes.
- Wed, Nov 4Neutral19 headlines. WTI fell about 9% as US election results and comments from Trump and Vance raised hopes for an end to the Iran war, with traders betting on a possible U.S.-Iran deal.
- Tue, Nov 3Neutral13 headlines. WTI tumbled over 5% and dropped to near $101.00, with a later report noting trade near $95.50, as traders reacted to US-Iran diplomatic efforts and growing hopes for a deal to avert escalation.
- Mon, Nov 2Neutral18 headlines. WTI dropped over 5% to near $101.00 as traders welcomed US-Iran diplomatic efforts.
- Sun, Nov 1Neutral19 headlines. An OPEC+ subgroup kept oil production quotas unchanged for December while Iran's IRGC Navy said two tankers exploded after hitting mines in the Strait of Hormuz.
Frequently asked questions
- What is WTI crude?
- West Texas Intermediate (WTI) is the primary US crude-oil benchmark, quoted in US dollars per barrel and delivered at Cushing, Oklahoma.
- What moves WTI prices?
- WTI is driven mainly by US and global supply and demand, OPEC+ decisions, US inventory and rig-count data, geopolitical risk, and the US dollar.
- How does WTI differ from Brent?
- WTI reflects US crude priced inland at Cushing, Oklahoma, while Brent is the international seaborne benchmark; the Brent–WTI spread reflects quality, location, and transport costs.
Not investment advice. For informational purposes only.