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Detailed analysis of crude oil price movements and crude oil news which looks at geopolitics and technical advancements affecting the oil sector. | Page 1

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2 days ago · A massive fire has erupted at a crude oil upgrader project in Venezuela after an explosion was heard near the distillation tower, workers on site and sources at…

The current price of West Texas Intermediate (WTI) crude oil today is $58.06 per barrel. Live charts, historical data, futures contracts, and breaking news on WTI prices can be found below.

Jul 14, 2025 · Global oil consumption reached an all-time high in 2024, driven primarily by non-OECD countries, with the U.S. remaining the largest consumer.

Jun 22, 2025 · Oil production growth is slowing due to natural depletion and rising costs, especially in the Permian Basin, but new federal estimates could offset geological limits.

2 days ago · Light crude oil futures surged more than 8% this week, driven by aggressive short-covering and geopolitical risk after the U.S. slapped new sanctions on Russia’s top oil exporters.

2 days ago · The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total…

Mar 23, 2025 · A significant increase in global oil supply is projected for 2025, potentially reaching the highest level in ten years, but this hinges on oil prices remaining at levels that justify …