Price today
$101.22
per barrel · 18 Sep 2026
WTI slipped 0.68% on the day, a third straight session lower, as fears of a prolonged Saudi supply outage eased.WTI crude · dollars per barrel · February to September 2026
In mid-February, traders were pricing in an Iran deal and WTI sat below $63 a barrel. War, a closed Strait of Hormuz and a wrecked Saudi pipeline later, crude has spent most of the past six months above $90 and shows little sign of returning.
WTI settlement prices at key turning points, 5 February to 18 September 2026
$101.22
per barrel · 18 Sep 2026
WTI slipped 0.68% on the day, a third straight session lower, as fears of a prolonged Saudi supply outage eased.+61%
$62.84 → $101.22
On 12 February WTI closed at its lowest point of the year, when an IEA demand downgrade and rising US inventories met real hopes of an Iran deal. Seven months later it trades above $100.+35%
first full week of March
US crude ended that week at $90.90 — the largest weekly gain since WTI futures began trading in 1983. Brent rose 28% over the same stretch.$111.54
2 April 2026
WTI jumped 11% after Trump's Iran war speech, and for a spell traded above Brent by the widest margin since 2009 as Hormuz stayed shut.−16%
8 April, to $94.43
The ceasefire announcement triggered the steepest single-day percentage drop since April 2020. Prices were back above $95 within a fortnight.$69.63
24 June 2026
Tankers moving through the Strait of Hormuz pushed crude below $70 for the first time since 2 March — the last point at which the war premium looked close to unwinding.+19.9%
August → September
Drones damaged Saudi Arabia's East-West pipeline on 11 September, shutting a 7 million bpd artery that had been the market's main workaround for the closed strait.$119.45
Trading Economics models
The same models put WTI at $100.96 by the end of this quarter, implying the market stays near current levels before tightening further.