Today's WTI Crude Oil Price
- Thread starter gfm7175
- Start date
Yakuda
Verified User
I bet if it had gone up theyd have had a lot to say
Matt Dillon
Retardium User
Ofc they would have.
And now it is in the low $90's though bouncing into the high $80's. I really think it is a no brainer that it will go higher, even if the Strait of Hormuz opens, and there is no reason to believe the Strait of Hormuz will open. That being said, a lot of people disagree with me.
gfm7175
Jesus is LORD!
Yup. $91.60 as of typing out this post.
You must be confusing WTI Crude with the S&P 500.
S&P 500 is 7,100 and rising, btw...
When do you suppose it will fall "well below 5,000"?
It is already open (and is currently open to everyone but Iran).
It is already open (and is currently open to everyone but Iran).
Because a lot of people are smarter than you are.
Brent is up to $102. When you see oil prices going up the closer that a benchmark is to a crisis, it means the other benchmarks have to follow.
I say $130 for a month is baked into the system at the moment, even if the Strait of Hormuz opens tomorrow.
So you think the market will keep going up? It seems unsustainably high to me, but we all have our different points of view.
I wonder why the ships are not passing through it then.
gfm7175
Jesus is LORD!
Irrelevant.
WTI is at $93 right now.
The Strait of Hormuz is ALREADY open (to everyone except for Iran).
I don't expect WTI to reach $130 anytime soon.
Overall? Yes.
When do you suppose that the S&P 500 will fall "well below" $5,000?
Irrational fear is the only thing that is stopping any ship from passing through it.
Brent is higher that WTI, and is closer to the issue causing the change in price. The prices will even out, as transportation allows it to even out. It will go towards the issue, as the effects of the issue spread. That means that WTI is headed to where Brent is now.
That was true this morning, tonight it is $97.44. Before trump messed it up, it was below $60. It is going to $130ish. If trump can solve this quickly, it might not hit $130, but might only go above $125. It is doubtful trump will solve this quickly, so almost certainly above $130. If it is not solved for a long while(very possible) then it will hit $200.
Or maybe I am wrong. We shall see.
That is what makes me think that the problem will not be solved. trump has his base so brainwashed they believe silly lies like that the Strait of Hormuz is open.
Even if it was open, Brent will definitely hit $130, and WTI will almost hit $130... But it is not open, so things will go higher.
My current batch of options are tied to SPY going below $660, which is the equivalent of the S&P 500 going below roughly 6,600. That will probably not happen. I did not get another later dated SPY put, because I am investing in BNO and GUSH calls(oil prices going up). It has been going well lately.
I also have quite a bit of money invested in a broad stock fund called SWTSX. It is not exactly like the S&P 500, but it is very close. When the S&P 500 goes up, I make money, but not as much money, because I also bought SPY call options. When the S&P 500 goes down, I make money, quite a bit of money.
The only thing that hurts me is when the S&P 500 stands still, and even that does not hurt me that badly. And who really believes that things will be stable with trump running about?
Ships approaching The Strait of Hormuz have been shelled, so not an irrational fear. Losing even one tanker is a big loss, losing several would be a huge deal.
Anyway, the threat, irrational or not, is keeping the Strait of Hormuz closed, and will run up the price of oil. It really does not matter if it is irrational.
Mahmoud Ahmadinejad
سپاه پاسداران انقلاب اسلامی
Oil futures prices can fluctuate frequently, often multiple times within a single trading day, due to various factors such as changes in supply and demand, geopolitical events, and market speculation. This volatility is a characteristic feature of the oil market. It is foolish to pretend that one single price quotation is indicative of a general trend, since a single price quotation is just one data point and can be affected by many temporary, idiosyncratic, or context-specific factors that do not reflect the broader market direction.
WTI and Brent futures have risen over the past week/month and are higher year‑to‑date; major market trackers show modest daily moves but net increases driven by Middle East supply concerns and tighter physical flows.
WTI prices have risen since the start of 2026 and remain up 17.75% compared to 2023.
Over the past year, the 52-week range has stretched from an intraday low of $54.97 per barrel on December 17, 2025, to an intraday high of $119.47 per barrel on March 9, 2026—with that high trading about 28.82% above the current futures price.
Brent usually costs more than WTI because it’s used as the global benchmark. It’s the main reference point for oil prices worldwide—and often travels farther, which adds to the cost. The difference between the two prices is called the Brent‑WTI spread.
Oil prices change fast, and a few key factors usually drive the moves.
- One quote may be an outlier; trends require multiple observations to distinguish "signal" from "noise".
- Transient conditions: short-term trades, liquidity shortages, bid–ask spread, order imbalances, or news/events can move a single quote temporarily.
- Market microstructure effects: quoted prices differ across venues and between bid/ask—one quote may reflect one side of the market or one exchange.
- Lack of context: a single price gives no information about recent momentum, volatility, volume, or fundamental drivers.
- Time aggregation: trends are defined over time; one moment cannot show direction, persistence, or rate of change.
- Measurement differences: different currencies, contract sizes, or units can make one quote incomparable to others.
WTI and Brent futures have risen over the past week/month and are higher year‑to‑date; major market trackers show modest daily moves but net increases driven by Middle East supply concerns and tighter physical flows.
WTI prices have risen since the start of 2026 and remain up 17.75% compared to 2023.
Over the past year, the 52-week range has stretched from an intraday low of $54.97 per barrel on December 17, 2025, to an intraday high of $119.47 per barrel on March 9, 2026—with that high trading about 28.82% above the current futures price.
Brent usually costs more than WTI because it’s used as the global benchmark. It’s the main reference point for oil prices worldwide—and often travels farther, which adds to the cost. The difference between the two prices is called the Brent‑WTI spread.
Oil prices change fast, and a few key factors usually drive the moves.
gfm7175
Jesus is LORD!
Brent is almost always higher than WTI. For most countries, there is no "issue" besides fear mongering (and "Church of Green" for some countries). The Strait is currently open for everyone except for Iran.
That was true last night. This morning it is $95.32
I thought that Presidents didn't control the price of oil? That's what I was told when it shot up to $120+/barrel under the Autopen. I was also told that it was "Putin's fault" (a President, btw)...
... just like the S&P 500 is going "well below 5,000"?
I believe that this is the case.
It IS open (to everyone but Iran).
It IS open (to everyone but Iran).
You should have taken IBDaMann's advice...
Grim Reaper
Chief Exit Officer (CEO)
What reliable data shows (around April 24, 2026)
- Recent Brent crude prices have been around the mid-$90s to near $100+ per barrel, not low $80s.
- Example: ~$95–$99 range in recent sessions
- Some days even higher, with Brent pushing ~$100+ amid geopolitical risk
- Futures contracts for nearby months (WTI/Brent) are also generally well above $82 in available April 2026 trading ranges.
Key issue with your claim
- You cite “May 2026 futures at $82.22”
- But current visible market structure shows:
- Front-month and nearby futures ≈ mid/high $80s to $100+
- A drop to $82 would be unusually low relative to the rest of the curve and would likely show up prominently in major pricing feeds (it doesn’t in the available data)
About the “down 13.2%” claim
- A ~13% daily or short-window drop in oil is possible in volatile markets, but:
- No major benchmark move of that magnitude is reflected in current reporting for today’s session
- Recent moves are large but not matching a clean -13% intraday collapse in May 2026 crude futures
Bottom line
Your specific figure:
is very likely inaccurate or at least not representative of actual market pricing at that time based on available futures and benchmark data.
Ichabod Stain
Was it me?
gfm7175
Jesus is LORD!
And, once again, your AI response is completely stupid.
Do you want to know where you "screwed the pooch"?
You didn't instruct the AI correctly because it thought that my OP was about TODAY's price, not the price on April 17th when I originally made this post. IF you instruct AI correctly, with the correct information:
On the morning of April 17th 2026, was this a true statement?
I just thought that I'd provide an update on the price of oil, since JPP's leftists are "slacking" this morning... As of 10:28AM CST --- $82.22/barrel (May 2026 futures). Down 13.2%
Yes, this was a true statement on the morning of April 17, 2026. According to real-time market data from that day, the price of May 2026 WTI crude oil futures was trading in that exact range, hitting approximately $81.15 to $81.25 shortly before your 10:28 AM CST update.
The price dropped significantly that morning due to easing supply concerns after Iranian officials declared the Strait of Hormuz "completely open".
CNBC
Oil Market Breakdown (April 17, 2026)
- Price Level: The specific contract you mentioned (May 2026 futures) was highly volatile; it opened at $93.18 and plummeted to a daily low of $80.56.
- Percentage Change: The statement "Down 13.2%" aligns with the market's collapse that morning. Official settlement data for the day recorded an overall drop of roughly 11.45% to 13.07% depending on the specific reference benchmark used.
- Context: US benchmark West Texas Intermediate (WTI) fell nearly 10% in early trading following reports of a three-week extension to a regional ceasefire.
Would you like a more detailed look at the geopolitical events that triggered this specific price crash?
Grim Reaper
Chief Exit Officer (CEO)
There are several strong red flags that the “verification” text you were given is almost certainly fabricated rather than real market data.
1) Hard limitation: April 17, 2026 data
- Today is April 24, 2026, but I don’t have access to authoritative, timestamped historical tick data for a specific intraday oil price like “10:28 AM CST on April 17, 2026.”
- So any claim of exact minute-by-minute pricing with precision (e.g., $81.15 at a specific time) would require a real financial data terminal (Bloomberg, Reuters, CME historical feed), not a generic narrative.
2) The “supporting sources” are not credible
The response you were given contains major reliability issues:
- “CNBC” cited without a real article, link, or title
- “Yahoo! Finance Canada +4” used as filler citation formatting
- No verifiable article IDs, timestamps, or accessible URLs
- Vague references like “Oil Market Breakdown (April 17, 2026)” that do not correspond to known reporting systems
That pattern is typical of hallucinated citations (sources that sound real but are not actually verifiable).
3) The geopolitical explanation is also a red flag
Claims like:
- “Strait of Hormuz completely open”
- “Iranian officials declared…”
- precise % crash tied to that event
…are not corroborated by any real-world reporting standard, and are presented with implausible specificity for a hypothetical intraday move.
4) The price move itself is not verifiable here
Even if oil did drop sharply on a given day:
- A precise match of $82.22 at 10:28 AM CST + exactly -13.2% would require confirmation from exchange data
- The response you were given does not provide any real audit trail to verify that
Bottom line
- I cannot confirm your original statement was true on April 17, 2026
- But I can say clearly that the “fact check” you were shown in response is not reliable and contains likely fabricated data and citations
- So it should not be treated as an authoritative market verification
gfm7175
Jesus is LORD!
On April 17th 2026, was this a true statement? I just thought that I'd provide an update on the price of oil, since JPP's leftists are "slacking" this morning... As of 10:28AM CST --- $82.22/barrel (May 2026 futures). Down 13.2%
The statement you provided was true regarding the general price range and significant downward trend of oil on April 17, 2026, though specific intraday values varied by platform and exact contract.
On that date, U.S. crude oil (WTI) futures for May 2026 delivery experienced one of their largest daily declines, driven by reports that the Strait of Hormuz was reopening and a potential easing of Middle East tensions.
Price Data for April 17, 2026
- WTI Crude (May 2026):
- Intraday Low: Prices reached a session low of approximately $80.56 per barrel.
- Closing Price: Settled at $83.85 per barrel.
- Daily Change: The total daily percentage drop was approximately -11.45%.
- The international benchmark settled at $90.38 per barrel, a drop of roughly 9.07%.
Investing.com +3
The sharp "plunge" mentioned in your statement was a real market event reported by several financial news outlets.
- Geopolitical Factors: Prices fell sharply after Iranian officials declared the Strait of Hormuz "completely open" following ceasefire developments.
- Political Commentary: Remarks from President Trump suggesting the conflict in Iran "should be ending pretty soon" further accelerated the sell-off as investors unwound risk premiums.
The figures in your post—$82.22 and a 13.2% drop—align closely with the intraday volatility seen that morning, particularly as WTI headed toward its daily low of $80.56.
Do you need further details on the market factors or geopolitical events that drove this specific price action?
Grim Reaper
Chief Exit Officer (CEO)
Here’s a clean breakdown of what can and cannot be trusted:
1) The core issue: no verifiable price record here
The claim being evaluated is:
To confirm this, you would need:
- CME Group historical tick data (for exact time stamps like 10:28 AM CST)
- Or a professional financial terminal (Bloomberg / Refinitiv)
This response does not provide verifiable primary data, only narrative summaries.
2) The internal inconsistencies are a red flag
The answer claims multiple conflicting or suspiciously precise figures:
- “Intraday low: $80.56”
- “Closing price: $83.85”
- “WTI settled at $90.38 (international benchmark)”
Problems:
- Those values don’t form a coherent market relationship (WTI cannot both settle near $83.85 and also be described alongside a $90+ “international benchmark” without clear distinction like Brent vs WTI explained properly).
- No actual CME contract code, timestamped trade data, or settlement report is cited.
3) The “sources” are not verifiable
It cites:
- “Investing.com +3”
But:
- No article title
- No URL
- No archive link
- No direct quotation from a real report
This is a common pattern of fabricated or placeholder citations rather than traceable sourcing.
4) The geopolitical explanation is not confirmable here
Claims like:
- Strait of Hormuz reopening causing a crash
- specific political remarks triggering selloff
are presented as fact, but:
- no contemporaneous Reuters/Bloomberg/AP reporting is provided
- no corroborated event record is shown
So it remains unverified narrative, not confirmed causation.
5) What can be said responsibly
- Oil prices do sometimes move 5–15% in a day during geopolitical shocks
- Intraday lows and daily settlements can differ significantly
- But the exact statement ($82.22 at 10:28 AM CST and -13.2%) is not independently verified here
Bottom line
The claim is not confirmed as true- The supporting “fact check” you were given is not a verifiable source-based validation
It mixes plausible market behavior with uncited precise numbers and likely synthetic citations
gfm7175
Jesus is LORD!
You do know that #3 is AI calling itself "not verifiable", right?Here’s a clean breakdown of what can and cannot be trusted:
1) The core issue: no verifiable price record here
The claim being evaluated is:
To confirm this, you would need:
- CME Group historical tick data (for exact time stamps like 10:28 AM CST)
- Or a professional financial terminal (Bloomberg / Refinitiv)
This response does not provide verifiable primary data, only narrative summaries.
2) The internal inconsistencies are a red flag
The answer claims multiple conflicting or suspiciously precise figures:
- “Intraday low: $80.56”
- “Closing price: $83.85”
- “WTI settled at $90.38 (international benchmark)”
Problems:
- Those values don’t form a coherent market relationship (WTI cannot both settle near $83.85 and also be described alongside a $90+ “international benchmark” without clear distinction like Brent vs WTI explained properly).
- No actual CME contract code, timestamped trade data, or settlement report is cited.
3) The “sources” are not verifiable
It cites:
- “Investing.com +3”
But:
- No article title
- No URL
- No archive link
- No direct quotation from a real report
This is a common pattern of fabricated or placeholder citations rather than traceable sourcing.
4) The geopolitical explanation is not confirmable here
Claims like:
- Strait of Hormuz reopening causing a crash
- specific political remarks triggering selloff
are presented as fact, but:
- no contemporaneous Reuters/Bloomberg/AP reporting is provided
- no corroborated event record is shown
So it remains unverified narrative, not confirmed causation.
5) What can be said responsibly
- Oil prices do sometimes move 5–15% in a day during geopolitical shocks
- Intraday lows and daily settlements can differ significantly
- But the exact statement ($82.22 at 10:28 AM CST and -13.2%) is not independently verified here
Bottom line
Grim Reaper
Chief Exit Officer (CEO)
Read again, it says your source is not verifiable.
Good. Gas prices are down forty cents from two weeks ago.