WTI crude oil prices averaged USD 97.10 per barrel in September, up 15.7% from August. On 30 September, the commodity traded at USD 97.18 per barrel, up 11.7% from 31 August.
WTI prices rose above Brent prices for the first time in nearly 10 years in June, but have since traded at a discount that widened to USD 5.0 per barrel in September on average, above the five-year mean of USD 3.7 per barrel. In the four weeks to 30 September, U.S. crude inventories rose 2.9 million barrels vs market expectations of a 4.4-million-barrel draw. This in part was due to lower U.S. refinery runs because of seasonal maintenance in the fall, as well as higher U.S. oil production.
This chart displays WTI Crude Oil (US$/bbl) from 2024 to 2026.
WTI Crude Oil (prices in US$/bbl, aop)
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WTI Crude Oil | - | - | - | 70.77 | 71.92 | 64.72 | 65.79 | 59.61 | 72.13 | 95.76 | 86.94 | - |