Oil prices swung between gains and losses on Friday, with WTI crude futures trading near $98 per barrel, though the benchmark remained on track for its largest weekly decline in 9 months. The moves come amid cautious optimism that the war in the Middle East could be nearing an end. US and Iranian delegations are set to meet in Pakistan on Saturday, while Israel has agreed to hold talks with Lebanon’s government, raising hopes for de-escalation. US President Trump said he was “optimistic” about a potential deal, even as he warned Tehran over proposed transit fees in the Strait of Hormuz. Despite this, the Strait of Hormuz remains largely closed, with reports indicating that Iran is considering charging ships for passage. Adding to supply concerns, Saudi Arabia said attacks on its oil facilities have reduced production capacity by around 600,000 barrels per day and cut throughput on the East-West Pipeline by approximately 700,000 bpd. On the week, the US oil benchmark is down about 12%.

Crude Oil rose to 98.57 USD/Bbl on April 10, 2026, up 0.72% from the previous day. Over the past month, Crude Oil's price has risen 12.98%, and is up 60.28% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Crude Oil reached an all time high of 410.45 in December of 2025. Crude Oil - data, forecasts, historical chart - was last updated on April 10 of 2026.

Crude Oil rose to 98.57 USD/Bbl on April 10, 2026, up 0.72% from the previous day. Over the past month, Crude Oil's price has risen 12.98%, and is up 60.28% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil is expected to trade at 100.76 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 112.29 in 12 months time.



Price Day Month Year Date
Crude Oil 98.70 0.827 0.85% 13.12% 60.48% Apr/10
Brent 96.90 0.983 1.02% 5.35% 49.63% Apr/10
Natural gas 2.66 -0.0062 -0.23% -16.99% -24.47% Apr/10
Gasoline 3.04 0.0356 1.19% 8.89% 51.30% Apr/10
Heating Oil 3.82 -0.1195 -3.04% 3.77% 84.63% Apr/10
Coal 135.50 0 0% 3.36% 40.78% Apr/09
Ethanol 1.93 -0.0250 -1.28% 6.94% 6.06% Apr/09
Urals Oil 121.78 1.62 1.35% 43.02% 111.42% Apr/09



Related Last Previous Unit Reference
United States API Crude Oil Stock Change 3.72 10.26 BBL/1Million Apr 2026
Saudi Arabia Crude Oil Production 10111.00 10100.00 BBL/D/1K Feb 2026
United States Crude Oil Production 13246.00 13656.00 BBL/D/1K Jan 2026
Russia Crude Oil Production 9977.00 10056.00 BBL/D/1K Dec 2025
United States Crude Oil Stocks Change 3.08 5.45 BBL/1Million Apr 2026
United States Weekly Crude Oil Production 13596.00 13657.00 Thousand Barrels Per Day Apr 2026

Crude Oil
Crude oil is one of the most widely followed commodities in the world due to its central role in the global economy. It is a key source of energy, a critical input for transportation and manufacturing, and a major driver of inflation and geopolitical dynamics. As a result, movements in oil prices are closely monitored by governments, businesses, and investors alike. West Texas Intermediate (WTI) crude oil is classified as light and sweet, where “light” refers to its low density and “sweet” indicates its low sulfur content. The delivery point for WTI crude oil futures is the Cushing Hub in Oklahoma, and each futures contract represents 1,000 barrels of crude oil. Crude oil prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official WTI crude oil prices. Official pricing and settlement data for WTI crude oil futures should be obtained directly from NYMEX. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
98.57 97.87 410.45 -40.32 1983 - 2026 USD/BBL Daily

News Stream
Oil Prices Swing as Investors Focus on Upcoming Talks
Oil prices swung between gains and losses on Friday, with WTI crude futures trading near $98 per barrel, though the benchmark remained on track for its largest weekly decline in 9 months. The moves come amid cautious optimism that the war in the Middle East could be nearing an end. US and Iranian delegations are set to meet in Pakistan on Saturday, while Israel has agreed to hold talks with Lebanon’s government, raising hopes for de-escalation. US President Trump said he was “optimistic” about a potential deal, even as he warned Tehran over proposed transit fees in the Strait of Hormuz. Despite this, the Strait of Hormuz remains largely closed, with reports indicating that Iran is considering charging ships for passage. Adding to supply concerns, Saudi Arabia said attacks on its oil facilities have reduced production capacity by around 600,000 barrels per day and cut throughput on the East-West Pipeline by approximately 700,000 bpd. On the week, the US oil benchmark is down about 12%.
2026-04-10
Oil Set for Sharp Weekly Drop
WTI crude futures climbed above $98 per barrel on Friday as Israeli strikes on Lebanon and the ongoing closure of the Strait of Hormuz strained diplomatic efforts, but prices were still on track to drop more than 10% for the week after the US and Iran agreed to a two-week ceasefire. Israeli Prime Minister Benjamin Netanyahu maintained that operations in Lebanon fall outside the scope of the US-Iran truce, although Washington has scheduled talks next week with Israel and Lebanon to address broader ceasefire negotiations. Meanwhile, US President Donald Trump warned Iran over imposing transit fees in Hormuz, criticizing its handling of oil flows. The crucial waterway remains largely closed as shipowners wait for clearer guidance on access. Elsewhere, Saudi Arabia said its oil production capacity has been reduced by roughly 600k barrels per day following attacks on energy facilities, while a major pipeline designed to bypass the Strait of Hormuz was also struck.
2026-04-09
Crude Oil Rebound Toward $98
WTI crude futures climbed nearly 5% to trade around $99 per barrel on Thursday, partially recovering from a 16.4% plunge in the previous session as renewed tensions in the Middle East raised doubts about whether a fragile ceasefire would hold. Prices moved higher after reports of increased military activity near the Strait of Hormuz heightened fears over potential disruptions to crude shipments, with sources indicating that some tanker traffic has faced delays. The previous selloff was driven by optimism surrounding a possible truce, which temporarily eased supply concerns before sentiment quickly shifted. Ongoing uncertainty surrounding the ceasefire has kept markets volatile, as traders assess the stability of oil flows through the region. Meanwhile, OPEC+ maintained its cautious production strategy, while a recent draw in US crude inventories supported expectations of steady demand. Prices are now approaching levels last seen in 2022.
2026-04-09