West Texas Intermediate (WTI) futures opened at $57.50 per barrel (bbl) on October 21, 2025. Brent crude opened at $61.00 per barrel. Both benchmarks remain closely watched gauges of global energy supply and demand. WTI futures are trading at $57.21/bbl, as of 9:24 a.m. ET. That’s down 0.49% since yesterday’s close.

WTI crude oil slides to $56.8 amid record seaborne storage of 1.24 billion barrels. Click here for more information on WTI Crude.

The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a large dip of 4 million barrels in the week ending October 24

The government said crude-oil imports rose by nearly half a million barrels a day to 5.9 million. Crude exports dropped by 250-thousand daily barrels but remained over four million. Four-week average imports are down nearly five percent from a year ago.

Major Gulf equity markets were mixed in early trading on Tuesday, with corporate earnings providing limited uplift to investor sentiment amid subdued crude prices, although the easing of U.S.-China trade tensions lent some support.

Over 1.2 billion barrels of oil are currently in transit on tankers, driven by increased supply from OPEC+ and non-OPEC+ exporters, longer voyages, and rising production from the Americas.

Discover the key factors driving oil prices and their impact on global economies, from consumer budgets to corporate earnings and national GDP.