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.

Oil prices on Wednesday scored their biggest one-day gain in a month, as traders weighed how the recent drop in prices could keep a lid on the flow of global crude supplies.

A crash in Kings County left 3,000 pounds of crude oil on the road. The crash happened shortly after 6 a.m. on Highway 33 north of South 7th Avenue, just outside the city of Avenal. Fire officials say two semi-trucks crashed head-on, which led to crude oil and trash filling the road.

Oil prices climbed in their sharpest gains since June after President Trump announced new sanctions on Russia’s two biggest oil companies, and the European Union ramped up its measures targeting Russia.

AAA says gas prices have been falling lately and drivers may have noticed that at the pump this week; however, experts say there are some signs the trend could soon

Shares are mostly lower in Asia following a retreat on Wall Street, while crude prices jumped more than $2 after U.S. President Donald Trump announced sanctions on Russian oil giants