Detailed analysis of crude oil price movements and crude oil news which looks at geopolitics and technical advancements affecting the oil sector Opec+ has decided to increase oil production, surprising many given the soft outlook for oil prices, and potentially reversing earlier production cuts sooner than expected. Oil markets roared back to life after trump’s sanctions on russia’s top oil producers sent prices surging. The current price of west texas intermediate (wti) crude oil today is $60.98 per barrel Live charts, historical data, futures contracts, and breaking news on wti prices can be found below. And canadian rig count and drilling data, and use oilprice.com's graphing tools to compare oil prices, frac spread, production and drilling data per basin or province.
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