Oil prices refer to the cost of crude oil, which is a key driver of global energy markets. Prices fluctuate based on factors like supply and demand, geopolitical tensions, economic growth, and natural disasters. The most widely traded benchmarks are West Texas Intermediate (WTI) and Brent crude. Price changes affect not only fuel costs but also industries reliant on oil, influencing inflation, production costs, and consumer behavior. Geopolitical instability and OPEC policies often have significant impacts on oil pricing trends.
Dailyoilfutures.com provides you with WTI crude oil price today: Today’s WTI Crude Oil Price (January 7) name Price (USD/Barrel) ups and downs Change (%) Date WTI crude oil 73.49 -0.07…