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The current price of west texas intermediate (wti) crude oil today is $58.18 per barrel Live charts, historical data, futures contracts, and breaking news on wti prices can be found below. The new oil discovery comes as pakistan is looking to develop its domestic resources to reduce dependence on imported oil and gas. Crude oil production from onshore federal lands reached a record high in 2024, largely driven by increased activity in new mexico's permian basin, while offshore production growth remained.
Oil production growth is slowing due to natural depletion and rising costs, especially in the permian basin, but new federal estimates could offset geological limits.
