West Texas Intermediate crude oil settled at $85.41 on August 31, 2026, marking a 3.20% advance over the prior 24-hour period. The move represented one of the more significant single-session gains for the benchmark in recent weeks.
Zooming out, WTI has gained 0.88% over the past seven days and 1.71% over the past 30 days, suggesting the latest surge accelerated a trend of gradual upward pressure on prices.
As a physically delivered commodity, WTI does not carry a market capitalization figure in the conventional sense. Its price serves as a key reference point for energy markets and related contracts globally.
With the 24-hour gain of 3.20% pushing the benchmark firmly above the $85 level, traders and industry participants will be watching whether the commodity can sustain its month-long uptrend heading into the new trading period.
