Crude Oil Price This Morning at USD 101.7 per Barrel

The price of West Texas Intermediate (WTI) crude oil continued its daily decline to around US$101.7 per barrel on Wednesday morning, 1 April 2026. Trading Economics data shows that the WTI crude oil price fell compared to 31 March 2026, when it reached US$101.80 per barrel.

“WTI crude oil fell to around $101.7 per barrel on Wednesday morning, extending losses from the previous session,” quoting Trading Economics analysis on Wednesday.

Trading Economics analysis assesses that the decline in crude oil prices occurred alongside increased expectations for de-escalation in the Middle East due to the stance of the United States and Iranian leaders.

The decline in crude oil prices occurred alongside a Wall Street Journal report informing that President Donald Trump might end US operations before the Strait of Hormuz is reopened, with the aim of avoiding prolongation of the war.

Although it fell, Trading Economics data notes that oil prices surged nearly 40 percent in March. This surge was the strongest since 2022, driven by supply disruptions and damaged infrastructure among major OPEC producers.