Oil Prices
Complete resource for crude oil pricing. Live data, historical charts, market analysis, and API access for all major oil benchmarks.
Oil Price Resources
Oil Prices Today
Live prices for WTI, Brent, Dubai and OPEC basket crude oil. Updated every 5 minutes.
Oil Price Chart
Interactive charts showing historical trends and real-time price movements.
WTI Crude Oil Price
West Texas Intermediate - North American benchmark. Live NYMEX futures pricing.
Brent Crude Oil Price
Brent Crude - Global oil pricing benchmark. Live ICE futures data.
Dubai Crude Oil Price
Dubai/Oman - Middle East benchmark for Asian markets.
OPEC Basket Price
Average price of OPEC member country crude oils.
How to Access Oil Price Data
Live Price Data
Real-time oil prices updated every 5 minutes from global futures markets
Price Charts & Analysis
Interactive charts with historical data and trend analysis
API Access
Programmatic access to all oil price data via REST API
Understanding Oil Prices
What Are Oil Prices?
Oil prices represent the cost of crude oil per barrel in global markets. Different crude oil grades have different prices based on quality (API gravity and sulfur content) and location. The most widely referenced benchmarks are WTI (West Texas Intermediate), Brent Crude, and Dubai Crude.
Prices are 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.
Major Oil Benchmarks
- WTI (West Texas Intermediate): U.S. benchmark, light sweet crude, NYMEX-traded
- Brent Crude: Global benchmark, North Sea origin, ~70% of world pricing
- Dubai Crude: Middle East benchmark, medium-sour grade for Asian markets
- OPEC Basket: Average of 13 OPEC member crude oils
What Affects Oil Prices?
Supply Factors
- •OPEC+ Decisions: Production quotas and cuts from major oil producers
- •U.S. Shale Production: Rapid growth in American oil output
- •Geopolitical Events: Middle East tensions, sanctions, conflicts
- •Strategic Reserves: Government releases or purchases
Demand Factors
- •Economic Growth: GDP expansion drives oil consumption
- •Seasonal Patterns: Summer driving, winter heating demand
- •Refinery Operations: Maintenance schedules affect crude demand
- •Dollar Strength: Oil priced in USD, currency impacts prices
Access Oil Price Data via API
Get programmatic access to all oil price data. Perfect for trading platforms, financial analysis, energy dashboards, and market research applications.