what is the price of crude oil

As of mid-August 2025, the price of crude oil is approximately $62.8 to $63.14 per barrel. The price has experienced a slight decline recently, with fluctuations around this range over the past month. For instance, on August 15, 2025, crude oil was priced at about $63.14 per barrel, down 1.28% from the previous day. The price trend shows a decrease of around 3.14% over the past month and about 16.42% compared to the same time last year. This price reflects the West Texas Intermediate (WTI) benchmark for crude oil. Factors influencing this price include geopolitical tensions, economic data, oil production changes, and global market supply-demand balances. If you want a snapshot from a recent trading day, the price was reported at $62.8, with daily highs near $64.15 and lows near $62.68.