Oil Prices Today
A barrel of oil costs $90.34 for WTI crude and $97.75 for Brent crude as of Nov 8, 2026, 01:30 UTC. Henry Hub natural gas is $3.00 per MMBtu.
Timestamped crude oil benchmark prices for WTI, Brent, Dubai and OPEC basket. Build dashboards, spreadsheets, and internal workflows from the same API path instead of copying values by hand. Browse all crude oil benchmark prices for the wider market.
Oil Prices Over the Last 5 Days
Daily averages in USD from the OilPriceAPI price history. The latest quotes above can differ intraday.
| Date | WTI ($/bbl) | Brent ($/bbl) | Henry Hub ($/MMBtu) |
|---|---|---|---|
| $90.88 | $98.60 | $2.99 | |
| $88.96 | $96.16 | $2.95 | |
| $93.44 | $100.34 | $2.91 | |
| $96.84 | $104.78 | $2.89 | |
| $98.70 | $107.33 | $2.89 |
Need this data in your app?
GET /v1/prices/latest?by_code=WTI_USD → $90.34The API call for this page
Get oil prices as JSON
Request the WTI benchmark shown above, with a source timestamp in the response.
curl "https://api.oilpriceapi.com/v1/prices/latest?by_code=WTI_USD" \
-H "Authorization: Token YOUR_API_KEY"Timestamped Updates
Benchmark prices include source timestamps so your workflow can decide when a value is fresh enough to use
Historical Context
Pair today's price with historical ranges where source-backed history is available
Spreadsheet Ready
Use one benchmark code in Excel, Google Sheets, or an internal reporting workflow
Put Today's Oil Price Into Your Workflow
Integrate timestamped oil price data into spreadsheets, trading platforms, or financial applications. Start with one benchmark and one repeatable API call.
Token auth • Timestamped responses • Start with one benchmark
Understanding Today's Oil Prices
What Are Oil Prices?
Oil prices represent the cost of crude oil per barrel in global markets. The price you see today is determined by futures contracts traded on exchanges like NYMEX (New York) and ICE (London), reflecting supply and demand dynamics for oil delivery in future months.
Different crude oil types have different prices based on quality (API gravity and sulfur content) and location. WTI and Brent are "light, sweet" crudes - meaning they have low density and low sulfur, making them ideal for gasoline refining.
Major Oil Benchmarks
- WTI (West Texas Intermediate): U.S. benchmark, traded on NYMEX, delivered at Cushing, Oklahoma
- Brent Crude: Global benchmark from North Sea, traded on ICE, represents ~70% of world oil pricing
- Dubai Crude: Middle East benchmark, medium-sour crude, key for Asian markets
- OPEC Basket: Average of 13 OPEC member country crude oils, policy benchmark
What Affects Oil Prices Today?
Supply Factors
- •OPEC+ production decisions and quotas
- •U.S. shale oil production levels
- •Geopolitical events and sanctions
- •Strategic petroleum reserve releases
Demand Factors
- •Global economic growth and recession risk
- •Seasonal demand (summer driving, winter heating)
- •Refinery capacity, maintenance schedules, and the live crack spread
- •U.S. dollar strength (oil priced in USD)
Frequently Asked Questions About Oil Prices
What are oil prices today?
Current oil prices today: WTI crude oil is $90.34 per barrel, Brent crude is $97.75 per barrel. These prices include timestamps and represent the cost of oil for delivery in the near-term futures contract where applicable.
What is the difference between WTI and Brent crude oil?
WTI (West Texas Intermediate) is light, sweet crude from U.S. oil fields, delivered at Cushing, Oklahoma, and traded on NYMEX. Brent comes from North Sea oil fields and is traded on ICE. Brent is the global benchmark (used for ~70% of world oil pricing) and typically trades at a premium to WTI due to its accessibility to global markets.
How often are oil prices updated?
OilPriceAPI returns timestamped WTI, Brent, Dubai and OPEC basket prices. Your application can use the timestamp to decide whether the latest value is current enough for a dashboard, spreadsheet, or report.
What factors affect oil prices today?
Oil prices are influenced by many factors:
- Supply & Demand: Global production levels vs consumption
- OPEC Decisions: Production quotas from OPEC+ countries
- Geopolitics: Middle East tensions, sanctions, wars
- Economic Data: GDP growth, manufacturing activity, employment
- Dollar Strength: Oil is priced in USD, so dollar moves affect prices
- Inventory Reports: Weekly EIA data (Wednesdays 10:30 AM ET)
Need this data in a trading platform or dashboard?
Get timestamped oil prices as JSON via our REST API — for trading platforms, financial analysis, energy dashboards, and research. Free tier, no card required.
Related Commodity Prices
WTI Crude Oil Price
North American crude oil benchmark with timestamped NYMEX prices
Brent Crude Oil Price
Global oil pricing benchmark from North Sea
Natural Gas
Henry Hub natural gas futures prices
Strategic Petroleum Reserve
This week's SPR level against 714M capacity
Cushing Storage
Weekly inventory at the WTI delivery hub
Crack Spread Calculator
Live 3-2-1 refining margin from today's prices
Jet Fuel Price
Jet A per gallon with the A4A weekly index
Singapore Bunker Prices
VLSFO and MGO at the largest bunkering port
Fuel Surcharge This Week
The DOE diesel index and carrier percentages