WTI news for October 16, 2026
WTI settled at $97.97, its highest level since mid-September, as supply risks mounted linked to Iran's threats of more tanker attacks. Prices have also reflected an OPEC+ output surge, talk of US sanction relief and a looming Russian diesel agreement, alongside a US crude draw and debate over SPR releases after Trump declined nuclear weapon use in Iran.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the WTI page.
Headlines (10)
First seen on October 16
- WTI hovers around $96.00 as Trump declines nuclear weapon use in IranFXStreet
- WTI Outpaces Brent as U.S. Crude Draw Ignites Fresh BuyingOilPrice.com
Carried over from earlier days
- Oil Prices Climb Above $106 as Iran Threatens More Tanker AttacksOilPrice.com
- WTI falls to near $93.00 as OPEC+ output surges, Russian diesel agreement loomsFXStreet
- Oil Market Tightens as Tanker Attacks and Inventory Draws MountOilPrice.com
- WTI drops to near $93.10 on US sanction relief talk despite supply shock risksFXStreet
- Currie Slams 'Vibe' Oil Contracts As Trump Admin Halts SPR Drains, IEA Urges Massive Reserve ReleaseZeroHedge
- EIA: US crude oil inventories down 8.6 million bblogj.com
- Crude oil futures settle at $97.97. Highest level since mid- September.InvestingLive
- Oil Prices Diverge as Supply Risks Mountrigzone.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, October 16 | ||
| Industrial Production y/y | CNY | |
| NBS Press Conference | CNY | |
| GDP q/y | CNY | |
| Retail Sales y/y | CNY | |
| Unemployment Rate | CNY | |
| Fixed Asset Investment ytd/y | CNY | |
| Fed Chairman Warsh Speaks | USD | |
| BOC Gov Macklem Speaks | CAD | |