WTI Crude Oil Prices man

WTI crude oil prices averaged USD 64.44 per barrel in February, up 7.6% from January. On 27 February, the commodity traded at USD 66.96 per barrel, up 3.8% from 30 January.

WTI prices recovered further from December’s post-pandemic low in February. Investors were concerned about a Iran-U.S. war closing the Strait of Hormuz, through which about 25% of seaborne oil exports pass. Looking at recently released U.S. data, in December, U.S. oil output fell for a second straight month for the first time since May 2025 due to winter storms. That said, U.S. oil inventories again beat expectations, rising by 10.75 million barrels more than forecast in the four weeks to 25 February.