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$71.98 per barrel
- Today’s Brent crude oil spot price is at $71.98 per barrel, down by 0.00% from the previous trading day. In comparison to one week ago ($ 74.24 per barrel), Brent oil is down 3.04%.
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1 day ago · Today’s WTI crude oil spot price of $68.64 per barrel is down 2.95% compared to one week ago at $ 70.73 per barrel. WTI crude oil also opened 2021 with an uptrend at $48.27 per barrel. WTI crude had a series of rallies and tumbles to reach a year-high price of $84.06 per barrel in late October 2021.
Sep 10, 2024 · Major oil consumers pounced on last week’s price drop to snap up bumper volumes of contracts for next year. They generally buy oil derivatives to offset the higher cost of fuel bills when prices rise. Those moves help slow declines in longer-dated oil prices when crude falls — effectively flattening the futures curve.
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