WTI crude is entering the new year on the back foot, trading just under $57 a barrel on Monday after another failed attempt to stabilize above short-term resistance.

West Texas Intermediate (WTI), futures on NYMEX, trade 1.15% lower to near $56.00 during the late Asian trading session on Wednesday.

Oil and natural gas prices slide on oversupply fears as 30–50M barrels loom. Traders eye key support in WTI, Brent, and natural gas near $3.40.

The global oil market is likely to be under pressure in 2026 as growing supply and weak demand curb prices, and traders monitor OPEC+ for policy signals and any attempts to bolster the market, a Reuters poll showed on Monday.

WTI crude oil (CL1:COM) is ending 2025 near $57.9 a barrel on Wednesday, stuck in a sideways grind after another failed attempt to

Natural gas remains under pressure amid lack of bullish catalysts. Currently, natural gas is moving towards the support level at $3.25 – $3.30. In case natural gas declines below $3.25, it will head towards the next support at $3.05 – $3.10.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $58.00 during the early European trading hours on Tuesday. The WTI price declines amid Venezuela uncertainty.

What is the price of crude oil today? WTI futures traded at $70.30 per barrel, as of 9 a.m. ET. Year to date, WTI prices are down by 4.28%. Brent futures traded at $72.35/bbl, a drop of 0.23% in the last 24 hours. Year to date, Brent prices are down by 8.49%.

The US launched attacks against Venezuela and captured President Maduro. Debates are high in the impact on markets and US oil. Read more