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 have been on a downward spiral this year. WTI, the primary U.S. oil price benchmark, has fallen over 13% through the end of the third quarter, putting it down near $60 a barrel. That's well off its peak above $80 a barrel in early January.

WTI oil rallied as U.S. imposed sanctions on Russia’s biggest oil companies Rosneft and Lukoil. A move above the 50 MA at $62.28 will push WTI oil towards the next resistance level at $66.00 – $66.50. Brent oil tested new highs as traders bet that China and India would be forced to cut purchases of Russian oil.

The re-escalation of trade tensions between China and the United States has shaken up global markets this week.

HighPeak faces liquidity challenges with oil at $60; $70 WTI is needed for stability. Read here for an investment analysis of HPK stock.

WTI crude nears key moving average resistance as rising U.S. output and inventory builds weigh on the oil outlook. Traders eye technical levels for direction.

W&T Offshore, Inc. (NYSE:WTI) soared after it was revealed that the company’s President and CEO, Tracy Krohn, purchased 286,842 shares worth $525,289.

Magnolia Oil & Gas has minimal net debt, and its notes don't mature until 2032. Click here to read more about MGY stock and why it is a Buy.

Shares of oil and gas firms including Oil India, ONGC, Indian Oil, and BPCL are in focus after crude oil surged over 5% overnight, heading for its strongest weekly gain since mid-June. The rally followed U.