Oil Price Today
Live crude oil prices updated every 5 minutes
Brent-WTI Spread
Price difference between benchmarks
More Oil Prices
Get Oil Prices via API
Integrate live oil prices into your application. REST API with JSON responses, updated every 5 minutes. Free tier available.
Understanding Oil Prices
Global Benchmarks
WTI and Brent are the two main oil price benchmarks. Brent prices 60% of global oil trade, while WTI is the North American standard.
Price Factors
Oil prices are driven by supply (OPEC+ decisions, US shale production) and demand (global economic growth, seasonal patterns).
Trading Hours
Oil trades nearly 24 hours. WTI on NYMEX (Sun 6pm - Fri 5pm ET), Brent on ICE (Sun 7pm - Fri 5pm ET).
Oil Price FAQ
What is the current oil price?
Oil prices vary by benchmark. WTI (West Texas Intermediate) trades around $70-75 per barrel, while Brent Crude trades $2-5 higher. Prices update every 5 minutes during market hours.
What is the difference between WTI and Brent oil prices?
WTI is the North American benchmark, a light sweet crude delivered to Cushing, Oklahoma. Brent is the global benchmark from the North Sea, used to price 60% of international oil. Brent typically trades $2-5 higher than WTI.
How often do oil prices change?
Oil prices change continuously during trading hours. WTI trades on NYMEX (Sunday 6pm - Friday 5pm ET), and Brent trades on ICE. Our API updates prices every 5 minutes.
What affects oil prices?
Key factors include: OPEC+ production decisions, global demand (especially from China), US inventory levels, geopolitical events, currency movements, and seasonal demand patterns.
How can I get oil prices via API?
OilPriceAPI provides real-time oil prices via REST API. Get 100 free API calls to start. Use endpoints like /v1/prices/latest?by_code=WTI_USD for current prices or /v1/prices/history for historical data.
Related Resources
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