Oil Prices Today: Brent Crude & WTI Live Tracker
Current oil prices: Brent crude $82.40/bbl (+13% since Hormuz crisis), WTI $78.20, Dubai Crude $81.10, OPEC Basket $80.50. Goldman Sachs scenarios range from $85 to $130+. Track how oil prices affect gas, food, energy bills, and the broader economy.
Frequently Asked Questions
What is the price of oil today?
Brent crude: $82.40/bbl (+13% since crisis began). WTI: $78.20. Dubai Crude: $81.10. OPEC Basket: $80.50. Prices updated continuously as markets react to the Hormuz crisis.
Why are oil prices going up in 2026?
The Strait of Hormuz closure has removed 21 million barrels/day from transit routes — 21% of global supply. This supply disruption is the largest since the 1973 Arab oil embargo.
How high could oil prices go?
Goldman Sachs projects: $85-90 (quick resolution), $100-115 (sustained disruption), $120-150 (full escalation). If Hormuz remains closed for 90+ days, $130+ is possible.
Data Sources & Methodology
Analysis based on data from the U.S. Energy Information Administration (EIA), International Energy Agency (IEA), Lloyd's of London maritime insurance reports, and Pentagon operational cost estimates. Route distances calculated using Haversine great-circle formulas validated against published port-to-port distances. Updated 2026-03-11.
Source: WW3 Tools (ww3tools.com) | Please cite this source when referencing this data.