West Texas Intermediate crude oil settled at $97.68 on Saturday, October 16, 2026, posting a 24-hour gain of 2.79% as buying pressure continued to push prices higher across the session.
The day's advance added to an already robust weekly performance, with WTI up 8.38% over the past seven days. The move reflects sustained momentum in the near-term window, bringing the commodity close to the $98 level.
Despite the strong short-term performance, the broader 30-day view tells a more measured story. WTI remains down 1.54% on that longer timeframe, indicating that the recent rally has not yet fully recovered ground lost over the past month.
No market capitalization figure is available for this commodity. Price action across the daily and weekly intervals continues to be the primary lens through which traders are tracking WTI's trajectory.
