Crude oil futures for West Texas Intermediate settled at $81.53 on August 16, 2026, posting no movement in the latest 24-hour session after a significant run-up in recent days.
The commodity's seven-day performance stood out as the most notable datapoint, with WTI recording a 6.75% gain over that span. The weekly advance suggests sustained buying pressure, though the flat daily reading indicates the market found a near-term equilibrium at current levels.
Over the broader 30-day window, WTI crude is up 1.38%, reflecting a modest but positive trend in the contract's price over the past month. The slower pace of the monthly gain compared to the weekly figure points to the bulk of recent appreciation having occurred in a compressed timeframe.
Market capitalization data was not available for the commodity. WTI crude oil remains a closely watched benchmark for global energy markets, with its price movements influencing a wide range of industries and economic indicators.
