WTI crude oil prices averaged USD 68.54 per barrel in June, up 10.2% from May. On 30 June, the commodity traded at USD 66.30 per barrel, up 7.9% from 30 May.
WTI prices chippered up on average in June, rising at the quickest speed in over three years and going some way to undoing the downtrend in place since spring last year. Iranian nuclear facilities were hit by American and Israeli bombs, raising the specter of a wider regional war and disruptions to oil exports. That said, WTI prices retreated towards end-June as Israel and Iran agreed a ceasefire and media reported that OPEC+ was set to further accelerate output hikes in August.
This chart displays WTI Crude Oil (US$/bbl) from 2023 to 2025.
WTI Crude Oil (prices in US$/bbl, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WTI Crude Oil | - | - | 82.11 | 78.45 | 77.48 | 81.77 | 76.60 | 70.77 | 71.92 | 64.72 | - | - |