The price per barrel of West Texas Intermediate crude oil. Influences gas prices, heating costs, and shipping expenses. Affected by global supply, demand, and geopolitical events.
The price per barrel of West Texas Intermediate crude oil. Influences gas prices, heating costs, and shipping expenses. Affected by global supply, demand, and geopolitical events.
This data is updated automatically from FRED (Federal Reserve Economic Data). Most rates are updated daily or weekly. Check back regularly for the latest figures.
Oil Price influences borrowing costs, savings rates, and investment returns. When rates rise, mortgages and loans become more expensive; when they fall, borrowing becomes cheaper and existing bonds lose value.
All data is sourced from FRED (Federal Reserve Economic Data), the official economic database maintained by the Federal Reserve Bank of St. Louis. FRED provides free access to US economic and financial data.