Oil Prices Today: WTI, Brent & Natural Gas

What is the price of oil today? What is the price of natural gas? Live spot prices, updated continuously below.

As of 2026-08-01, live WTI crude oil and Brent crude prices (USD per barrel) and Henry Hub natural gas (USD per MMBtu) are shown above, updated continuously throughout the trading day from market data. WTI is the main U.S. oil benchmark. If you own minerals, note that you are paid a realized price — the operator's actual sale price minus post-production deductions and the local basis differential — which typically runs below these headline spot numbers.

Quick answer: Oil prices (WTI Crude) and natural gas prices fluctuate daily based on global supply and demand. WTI Crude Oil is priced in USD per barrel and serves as a key benchmark for North American oil. Natural gas is priced in USD per MMBtu (Million British Thermal Units). Check current prices above - updated in real-time from market data.
WTI Crude Oil
$84.67
USD per barrel

West Texas Intermediate (WTI) crude oil is a specific grade of crude oil and one of the main benchmarks in oil pricing. This light, sweet crude oil is a vital indicator of global oil markets and the energy sector.

Brent Crude Oil
$87.93
USD per barrel

Brent crude is the global benchmark for light, sweet crude oil sourced from the North Sea. Prices set by ICE Brent futures track international supply and demand and typically run a few dollars premium to WTI.

Henry Hub Natural Gas
$2.75
USD per MMBtu

Henry Hub, in Erath, Louisiana, is the pricing point for North American natural gas. Prices quoted in USD per MMBtu (Million British Thermal Units) are the headline benchmark for U.S. spot and futures gas markets.

As of 2026-08-01 · Source: Commodities-API

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Oil & Gas Price FAQs

The price of oil today is shown live at the top of this page: WTI Crude Oil in USD per barrel, Brent Crude in USD per barrel, and Henry Hub natural gas in USD per MMBtu, updated continuously throughout the trading day from market data. WTI is the main U.S. benchmark. Note that mineral owners are paid a realized price — the operator's actual sale price minus post-production deductions and the local basis differential — which typically runs below these headline spot prices.

This page shows the live WTI Crude Oil price in USD per barrel, updated throughout the trading day from market data. West Texas Intermediate (WTI) is the main benchmark for North American light, sweet crude oil and a key indicator of global oil markets.

WTI (West Texas Intermediate) is the North American benchmark, priced in USD per barrel. Brent is the global benchmark, sourced from the North Sea and set by ICE Brent futures. Brent typically trades at a few dollars premium to WTI, and both are light, sweet crude grades.

U.S. natural gas is benchmarked at Henry Hub in Erath, Louisiana, and quoted in USD per MMBtu (Million British Thermal Units). Henry Hub is the headline pricing point for U.S. spot and futures gas markets, and prices fluctuate daily on supply and demand.

Mineral owners are paid the realized price — the operator's actual sale price minus post-production deductions and the basin's basis differential — not the headline NYMEX or spot price. Basins like the Permian, Bakken, Marcellus, and Haynesville carry persistent basis differentials, sometimes $2-5+/bbl or $0.30-1.00+/MMBtu below NYMEX.

Divide your stub's revenue by its volume to back into your realized price, then compare it to the spot price for that month. An unusually large gap can signal abnormal deductions. Valor offers a stub-by-stub revenue audit to interpret the difference.

Use the NYMEX forward strip (typically 12-24 months) for valuation, not spot. Spot is a single-day snapshot, while a sound valuation needs the forward price curve. Spot prices are best used for ground-truthing your current royalty statements.

The WTI, Brent, and Henry Hub prices update throughout the trading day from live market data. The 'Last updated' timestamp on the page shows the most recent refresh.

Key Takeaways