Artem Voloskovets
US crude oil futures settled at $88.28 per barrel, down $1.16, or 1.30%, from the previous close of $89.44.
US crude oil futures settle 1.30% lower at $88.28/bbl, down $1.16.
Key figures
| Metric | Value |
| Settlement | $88.28/bbl |
| Previous close | $89.44/bbl |
| Daily change | -$1.16 |
| Daily change | -1.30% |
| Intraday high | ~$90.8–$90.9 |
| Intraday low | ~$88.2–$88.3 |
| Late-session quote on chart | ~$88.87 |
Intraday move
WTI traded near $90 per barrel for much of the session and briefly rose to about $90.8–$90.9 around 16:30. After 18:00, prices fell sharply, breaking below the previous close of $89.44 and reaching approximately $88.2–$88.3. The visible high-to-low range was about $2.60 per barrel, or roughly 2.9%.
Previous close vs. settlement
| Metric | Previous | Latest | Change |
| Price per barrel | $89.44 | $88.28 | -$1.16 |
| 1,000 barrels | $89,440 | $88,280 | -$1,160 |
For one standard WTI futures contract, the daily move equals $1,160 in nominal contract value.
WTI futures specifications
| Specification | Value |
| Contract size | 1,000 barrels |
| Quote | USD per barrel |
| Minimum tick | $0.01 |
| Tick value | $10 |
| $1 price move | $1,000 per contract |
| Settlement | Physical delivery |
| Delivery point | Cushing, Oklahoma |
The approximate $2.60 intraday range corresponds to about $2,600 per standard contract between the visible high and low.
Settlement vs. chart price
The official settlement was $88.28, while the chart shows a later quote near $88.87. These are not contradictory figures: the settlement is the official exchange reference price, while the chart can continue showing subsequent market trades.
Bottom line
WTI crude oil futures settled 1.30% lower at $88.28 per barrel. The session was more volatile than the headline change suggests: prices briefly reached about $90.9 before falling to roughly $88.3, producing an intraday range of about 2.9%.
Artem Voloskovets
