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Oil Price (WTI) in 2026 (so far)

The oil price (WTI) has risen 70.6% so far in 2026, from $57.42 at the end of 2025 to $97.96 on October 21, 2026. Its highest close was $112.95 on Apr 7, and its lowest $55.99 on Jan 7. The biggest one-day fall was −16.4% on Apr 8 and the biggest rise +12.2% on Mar 6. Adjusted for inflation, it gained 65.0%.

Year to date
+70.6%
$57.42 → $97.96
High
$112.95
Apr 7
Low
$55.99
Jan 7
After inflation
+65.0%
US CPI
Up days
116 of 202
longest run 8 up, 6 down
Below record
-32.6%
at the end of the data

Oil Price (WTI), daily closes 2026

Numbers mark the events below
$61$84$108JanFebMarAprMayJunJulAugSepOct1Feb 28: United States and Israel launch strikes on Iran, killing Supreme Leader Ali Khamenei.2Mar 1: Shipping through the Strait of Hormuz comes to a standstill during the Iran war.3Mar 5: Back above its pre-bear-market peak of $75.14 (June 18, 2025). Back above its pre-bear-market peak of $80.04 (January 15, 2025).4Mar 6: Back above its pre-bear-market peak of $86.91 (April 5, 2024). Biggest one-day rise of the year: +12.2%.5Mar 9: Back above its pre-bear-market peak of $93.68 (September 27, 2023).6Apr 7: Trump announces a two-week US-Iran ceasefire; oil prices fall below $100 a barrel.7Apr 8: Biggest one-day fall of the year: −16.4%.8Apr 17: Enters a bear market: 20% below its peak of $112.95 (April 7, 2026). Bear market low: $83.85, 25.8% below the peak.9Jun 12: Enters a bear market: 20% below its peak of $108.66 (May 18, 2026).10Jul 6: Bear market low: $68.55, 36.9% below the peak.

Key Events in 2026

What happened, and how the WTI oil moved — on the day (or the next trading day) and about a month later.

  1. 1
    Saturday, February 28
    United States and Israel launch strikes on Iran, killing Supreme Leader Ali Khamenei. Source
    WTI oil: +6.3% next trading day (Mar 2) · +53.5% a month later
  2. 2
    Sunday, March 1
    Shipping through the Strait of Hormuz comes to a standstill during the Iran war. Source
    WTI oil: +6.3% next trading day (Mar 2) · +53.5% a month later
  3. 3
    Thursday, March 5 From the data
    Back above its pre-bear-market peak of $75.14 (June 18, 2025). Back above its pre-bear-market peak of $80.04 (January 15, 2025).
  4. 4
    Friday, March 6 From the data
    Back above its pre-bear-market peak of $86.91 (April 5, 2024). Biggest one-day rise of the year: +12.2%.
  5. 5
    Monday, March 9 From the data
    Back above its pre-bear-market peak of $93.68 (September 27, 2023).
  6. 6
    Tuesday, April 7
    Trump announces a two-week US-Iran ceasefire; oil prices fall below $100 a barrel. Source
    WTI oil: +0.5% that day · −9.0% a month later
  7. 7
    Wednesday, April 8 From the data
    Biggest one-day fall of the year: −16.4%.
  8. 8
    Friday, April 17 From the data
    Enters a bear market: 20% below its peak of $112.95 (April 7, 2026). Bear market low: $83.85, 25.8% below the peak.
  9. 9
    Friday, June 12 From the data
    Enters a bear market: 20% below its peak of $108.66 (May 18, 2026).
  10. 10
    Monday, July 6 From the data
    Bear market low: $68.55, 36.9% below the peak.

Biggest days of 2026

Best daysWorst days
Mar 6+12.2%Apr 8−16.4%
Apr 2+11.4%Mar 10−11.9%
Mar 12+9.7%Apr 17−11.4%
Jul 13+9.4%Mar 23−10.4%
Mar 5+8.5%May 20−8.8%

Volatility: 60.6% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$65.21+13.6%$65.42$55.99
Feb$67.02+2.8%$67.02$62.14
Mar$101.38+51.3%$102.88$71.23
Apr$105.07+3.6%$112.95$83.85
May$87.36−16.9%$108.66$87.36
Jun$69.50−20.4%$96.02$69.23
Jul$84.67+21.8%$92.19$68.55
Aug$85.76+1.3%$87.83$75.22
Sep$90.42+5.4%$105.83$89.38
Oct$97.96+8.3%$103.66$88.28

Other Markets in 2026

Change over the calendar year so far.

MarketChangeYear-end
Oil Price (WTI)+70.6%$97.96
Dow Jones Industrial Average in 2026+10.0%52,856.09
S&P 500 in 2026+13.3%7,757.17
Nasdaq Composite in 2026+14.9%26,702.86
Russell 2000 in 2026+12.1%2,781.02
Nikkei 225 in 2026+27.3%64,075.42
Gold in 2026−4.6%$4,141.10
Silver in 2026−17.8%$57.67
Brent crude oil in 2026+80.8%$110.01
US 10-year Treasury yield in 2026+0.98 pp5.15%
2020202120222023202420252026

Oil Price (WTI) in 2026: FAQ

How much did the oil price (WTI) rise so far in 2026?

The oil price (WTI) has risen 70.6% so far in 2026, from $57.42 at the end of 2025 to $97.96 on October 21, 2026. Its highest close was $112.95 on Apr 7, and its lowest $55.99 on Jan 7. The biggest one-day fall was −16.4% on Apr 8 and the biggest rise +12.2% on Mar 6. Adjusted for inflation, it gained 65.0%.

What were the highest and lowest closes of the oil price (WTI) so far in 2026?

Highest: $112.95 on April 7, 2026. Lowest: $55.99 on January 7, 2026. It closed higher on 116 of 202 trading days.

What happened to the oil price (WTI) on February 28, 2026?

United States and Israel launch strikes on Iran, killing Supreme Leader Ali Khamenei. The oil price (WTI) rose 6.3% on the next trading day (March 2, 2026), and was +53.5% a month later.

Data: WTI Cushing spot price (EIA via FRED) from 1986, NYMEX front-month futures closes after that. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.