View monthly updates and historical trends for Oklahoma Crude Oil First Purchase Price. Source: Energy Information Administration. Track economic data wit…

United States - Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma was 63.96000 $ per Barrel in September of 2025, according to the United States Federal Reserve. Historically, United States - Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma reached a record high of 133.88000 in June of 2008 and a record low of 11.35000 in December of 1998. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma - last updated from the United States Federal Reserve on November of 2025.

Annual futures contract one price for Cushing Oklahoma crude oil stood at 68.11 U.S. dollars per barrel in 2021, a noticeable increase compared to the previous year. During the period in consideration, figures peaked at nearly 100 U.S. dollars per barrel in 2008.

United States - Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma was 60.66000 $ per Barrel in November of 2025, according to the United States Federal Reserve. Historically, United States - Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma reached a record high of 145.31000 in July of 2008 and a record low of -36.98000 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma - last updated from the United States Federal Reserve on November of 2025.

United States - Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma was 58.80000 $ per Barrel in October of 2025, according to the United States Federal Reserve. Historically, United States - Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma reached a record high of 142.52000 in July of 2008 and a record low of 3.32000 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma - last updated from the United States Federal Reserve on November of 2025.

Annual futures contract three price for Cushing Oklahoma crude oil stood at 67.3 U.S. dollars per barrel in 2021, an increase compared to the previous years. During the period in consideration, figures peaked at over 100 U.S. dollars per barrel in 2008.

View the daily price of the crude stream traded at Cushing, Oklahoma, which is used as a benchmark in oil pricing.

United States - Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma was 76.63000 $ per Barrel in January of 2024, according to the United States Federal Reserve. Historically, United States - Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma reached a record high of 99.67000 in January of 2008 and a record low of 14.42000 in January of 1998. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma - last updated from the United States Federal Reserve on November of 2025.

Europe Brent and WTI (Western Texas Intermediate) Spot Prices (Annual/ Monthly/ Weekly/ Daily) from EIA U.S. (Energy Information Administration).

Data

Sources

1. • Name: Daily Europe Brent Spot Price
   • Web: https://www.eia.gov/dnav/pet/hist_xls/RBRTEd.xls
2. • Name: Weekly Europe Brent Spot Price
   • Web: https://www.eia.gov/dnav/pet/hist_xls/RBRTEw.xls
3. • Name: Monthly Europe Brent Spot Price
   • Web: https://www.eia.gov/dnav/pet/hist_xls/RBRTEm.xls
4. • Name: Annual Europe Brent Spot Price
   • Web: https://www.eia.gov/dnav/pet/hist_xls/RBRTEa.xls
5. • Name: Daily Cushing, OK WTI Spot Price
   • Web: http://www.eia.gov/dnav/pet/hist_xls/RWTCd.xls
6. • Name: Weekly Cushing, OK WTI Spot Price
   • Web: http://www.eia.gov/dnav/pet/hist_xls/RWTCw.xls
7. • Name: Monthly Cushing, OK WTI Spot Price
   • Web: http://www.eia.gov/dnav/pet/hist_xls/RWTCm.xls
8. • Name: Annual Cushing, OK WTI Spot Price
   • Web: http://www.eia.gov/dnav/pet/hist_xls/RWTCa.xls

Definitions

Brent

A blended crude stream produced in the North Sea region which serves as a reference or "marker" for pricing a number of other crude streams. source

West Texas Intermediate (WTI - Cushing)

A crude stream produced in Texas and southern Oklahoma which serves as a reference or "marker" for pricing a number of other crude streams and which is traded in the domestic spot market at Cushing, Oklahoma. source

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The average spot price for West Texas Intermediate crude oil came to 76.63 U.S. dollars per barrel in 2024, a decrease of nearly one U.S. dollars compared to the previous year. The 2024 average spot price for Brent crude oil was 80.52 U.S. dollars. Both Brent and WTI are light crude oils, with the first used as a benchmark for gasoline prices around the world. Spot prices vs. future prices Spot prices refer to current market prices under which a commodity such as one barrel of crude oil may be bought for immediate delivery. In contrast, future prices refer to settlement and delivery at a later date. As a major refinery and storage hub, Cushing in Oklahoma is the delivery location for WTI traded via the New York Mercantile Exchange. When storage capacities threatened to reach their maximum capacity in April 2020, the WTI oil price crashed as a result, trading at record low prices. The WTI oil price fell into negative numbers for the first time in its history, closing out at negative 37.63 U.S. dollars per barrel on April 20th. The lowest value for Brent prices was 19.33 U.S. dollars per barrel. Influences on oil prices Oil prices are volatile commodities as their trading and delivery is heavily influenced by overall market development and geopolitical events. For example, the Russia-Ukraine war and resulting Russian sanctions brought about fears of supply bottlenecks, which pushed oil prices to decade-highs also reflected in the 2022 annual average.

Oil prices rose after a report indicated declining inventories at the key Cushing hub, though the gains are tempered by forecasts of a global supply surplus and bearish long-term price predictions from analysts.