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.

U.S. crude prices were rising nearly 2% on Wednesday to above $58 a barrel on reports of progress in U.S.-India trade talks, which could include curbs on imports of Russian oil by India.

Discover the key factors driving oil prices and their impact on global economies, from consumer budgets to corporate earnings and national GDP.

Barclays, which has significant exposure to the US banking sector, fell 22.1p to 357.15p near the bottom of the FTSE 100. Standard Chartered also weakened 67.5p to 1360.5p and NatWest dropped 18p to 530.2p.

(CNN) - Gas prices are inching lower. AAA says the current national average price for a gallon of regular gasoline could reach the $3 mark for the first time in four years. In the past week, the average has dropped more than five cents a gallon to $3.05.