Short intro: This article delivers a comprehensive, SEO-first update on oil price today — covering Brent, WTI, live quotes, India, Australia, palm oil and mentha oil. Read on for numbers, drivers, quick FAQs and links to primary sources.

WHAT YOU’LL LEARN

• Clear, up-to-date price pointers for Brent, WTI and the Indian basket.
• How “oil price today” compares across markets (live vs. settlement).
• Quick takeaways for palm oil, mentha oil and Australia-specific fuel context.
• Practical FAQs, LSI keyword lists for SEO, and authoritative external links.

KEY STATISTICS (OUTPUT, RESERVES, VACANCIES)

• Global production (2025 estimate): ~105–106 million barrels per day (mb/d) — production is near all-time highs as OPEC+ unwinds cuts. IEA
• Global proven reserves (latest public figure): ~1,570 billion barrels (end-2023/2024 ballpark from OPEC/energy reviews). opec.org
• OPEC spare capacity: Market estimates point to multi-million bpd spare capacity concentrated in Gulf producers (roughly ~5+ mb/d collective with Saudi a major share). Reuters

1) INTRODUCTION

SEO snippet: A single-page briefing that unpacks today’s oil price movements, the instruments that trade them, and practical regional snapshots.

The oil market is multi-faceted: spot Brent/WTI quotes, futures curves, regional “Indian basket” valuations, and commodity cousins such as palm oil and mentha (essential) oil that follow related—but distinct—supply/demand dynamics. This article is structured to give both a fast read (top-line prices and drivers) and deeper context (regional markets, seasonal factors, and FAQs). We focus on authoritative sources, published forecasts and live markets so you can cite or repurpose this for business or editorial use.

LSI keywords: global oil prices, oil market update, energy markets today, commodity price snapshot.
FAQs (short):
Q: What’s the best source for live crude quotes? — Trading platforms and market pages (TradingView, MarketWatch, Investing.com) provide near-real-time quotes.
Q: Are we looking at spot or futures? — Both matter: spot for immediate physical trade; front-month futures for market expectations.

External link (authoritative): International Energy Agency — Oil Market Report (context & production forecasts).
International Energy Agency - Oil Market Report (https://www.iea.org/reports/oil-market-report-september-2025) IEA

2) OIL PRICE TODAY

SEO snippet: Current headline oil price signals — what traders and buyers are watching right now.

Short answer: global benchmark crude prices are trading in the mid-$60s (Brent) and low-$60s (WTI) per barrel as of market open on Sep 23, 2025, pressured by rising supply and OPEC+ output adjustments. (Market snapshots are updated intraday; always check live feeds for the exact tick.) Reuters+1

Why it matters: the “oil price today” headline moves refining margins, retail fuel, freight and petrochemical feedstock economics. Factors currently in play include OPEC+ production adjustments, pipeline restarts from Iraq/Turkey, and inventory builds flagged by major agencies. Reuters+1

LSI keywords: today’s crude price, live oil price, oil markets now, crude price drivers.
FAQs:
Q: Is “oil price today” the same everywhere? — No: it is quoted in USD/bbl internationally but local energy taxes, freight and currency convert to regional fuel costs.
Q: Where should I watch prices intraday? — TradingView, Investing.com, Reuters markets and exchange front pages (NYMEX/ICE).

External link (live snapshot): Reuters market update on Sep 23, 2025 (current price context).
Reuters - Oil extends declines after Iraq, Kurdish governments agree to restart oil pipeline (https://www.reuters.com/business/energy/oil-little-changed-traders-assess-supply-risks-2025-09-23/) Reuters

3) CRUDE OIL PRICE TODAY

SEO snippet: Futures & spot prices for crude — front-month crude levels and short-term drivers.

Crude oil price today refers usually to front-month futures (e.g., NYMEX WTI front month, ICE Brent front month) and the nearest physical spot indices. As of Sep 23, 2025, front-month WTI and Brent are trading in the low-$60s to mid-$60s per barrel, showing downward pressure over the past week due to supply signals and pipeline re-openings. MarketWatch+1

Market drivers to monitor: OPEC+ announcements, U.S. EIA inventory reports, refinery runs, geopolitical supply disruptions, and macro demand cues (global industrial activity + transport fuel demand). For trading, note that contango/backwardation dynamics affect storage economics and cargo flows.

LSI keywords: front month crude, NYMEX WTI, ICE Brent, crude futures curve.
FAQs:
Q: What’s the difference between Brent and the “Indian basket”? — Brent is an international marker; the Indian basket is a weighted average of crudes India imports (used for domestic accounting and taxation). Petroleum Planning & Analysis Cell
Q: How fast do prices change intraday? — Prices move by the tick on order flow, news and macro data releases.

External link (market page): MarketWatch Brent futures front month (for settlement quotes).
MarketWatch - Brent Crude Nov 2025 (https://www.marketwatch.com/investing/future/brn00?countrycode=uk) MarketWatch

4) BRENT CRUDE OIL PRICE TODAY

SEO snippet: Brent (Europe) — indicator for global seaborne crude trade and a reference for many contracts.

Brent acts as the global seaborne benchmark. On Sep 23, 2025, Brent was trading around $66 / bbl (early GMT session) as markets digested a preliminary agreement to restart an Iraq-Turkey pipeline and rising OPEC+ supply adjustments. That pushed sentiment slightly lower over the prior sessions. Reuters

How to use Brent pricing: cargo valuation, refinery feedstock costing, and derivative hedging for exporters/importers. Watch for inventory releases (EIA, API), tanker flows (Vortexa/Refinitiv) and geopolitics in the Middle East for the largest single-day moves.

LSI keywords: Brent price per barrel, ICE Brent, Brent settlement, Brent crude today.
FAQs:
Q: Why is Brent usually above/below WTI? — Differences reflect regional supply/demand, transportation constraints and quality differentials (sour vs sweet, distillate yields).
Q: Where are Brent futures traded? — Primarily on ICE (Intercontinental Exchange).

External link (Brent quote / background): TradingEconomics crude overview (historical & current snapshot).
TradingEconomics - Crude Oil - Price - Chart - Historical Data - News (https://tradingeconomics.com/commodity/crude-oil) Trading Economics

5) CRUDE OIL PRICE TODAY LIVE

SEO snippet: Where to watch live crude prices, what the front-month means, and best practice for quoting prices in content or contracts.

For live pricing use platforms that refresh market feeds: TradingView (charts, tick data), Investing.com (quotes + news), and market data sections on Reuters/Bloomberg. Live quotes are used for intraday hedging; for physical contracts most counterparties use published daily closing assessments (Platts/S&P Global, Argus) or exchange settlement prices. See live quote pages and exchange front pages for minute-by-minute updates. TradingView+1

LSI keywords: live oil prices, real-time crude quotes, oil price live feed.
FAQs:
Q: Are live quotes free? — Many providers offer free delayed quotes; real-time direct exchange feeds often require subscriptions.
Q: Which price should I quote in an article? — Use an authoritative settlement (e.g., ICE/NYMEX close) and note timestamp and timezone.

External link (live feed): TradingView — Light Crude Oil Futures live chart.
TradingView - Light Crude Oil Futures (https://www.tradingview.com/symbols/NYMEX-CL1%21/) TradingView

6) CRUDE OIL PRICE TODAY IN INDIA

SEO snippet: India’s “Indian Basket” price, what it means for fuel subsidies and pump prices, and the latest official numbers.

India uses an Indian Basket (a weighted average of crudes India imports) to track the landed cost of crude. As published by the Government’s Petroleum Planning & Analysis Cell (PPAC), the Indian Basket was quoted at approximately $68–69 / bbl (as on 22–23 Sep 2025) and retail selling prices (RSP) for petrol/diesel reflect taxes, refinery margins and FX effects. PPAC routinely publishes the Indian basket and daily RSPs (e.g., diesel and petrol in Delhi). Petroleum Planning & Analysis Cell

Practical note: importers and refiners in India watch this for margin planning; retail fuel is heavily influenced by excise and state taxes, so a small move in Brent may have a lagged and diluted effect on pump prices.

LSI keywords: Indian basket price today, PPAC crude India, petrol price India today, RSP diesel India.
FAQs:
Q: How often is the Indian basket updated? — PPAC updates monthly/weekly and posts daily RSP snapshots for retail products. Petroleum Planning & Analysis Cell
Q: Does the Indian basket equal international Brent? — No — it’s a weighted import average reflecting India’s actual crude mix.

External link (official India data): PPAC — International prices of crude oil (Indian Basket & RSP).
PPAC - International Prices of Crude Oil (https://ppac.gov.in/prices/international-prices-of-crude-oil) Petroleum Planning & Analysis Cell+1

7) MENTHA OIL PRICE TODAY

SEO snippet: Mentha oil (aromatic commodity) pricing context — how it’s quoted and the latest Indian MCX/market levels.

Mentha oil (often mentha arvensis / peppermint oil derivatives) is traded on commodity platforms such as MCX in India and quoted per kg. Prices move on crop harvest cycles (mint crop seasons), export demand for menthol and cosmetic/therapeutic demand. Current MCX/market snapshots (late Sep 2025) show mentha oil trading near ~₹970–980 per kg in daily market displays, but prices can vary by contract month, grade and lot size. The Economic Times+1

Why it’s relevant: buyers in flavor & fragrance, pharma and agrochemical sectors track mentha oil as an input cost; sharp swings often follow weather, crop area and export orders.

LSI keywords: mentha oil price India, menthol oil price, MCX menthaoil, mint oil per kg.
FAQs:
Q: How is mentha oil quoted? — Usually per kg (or per metric tonne) on commodity boards and trading terminals. The Economic Times
Q: What season influences mentha supply? — Planting and harvest cycles plus weather in mint-growing regions (India, China).

External link (market snapshot): Economic Times commodity page — Mentha Oil price snapshot (India).
EconomicTimes - Mentha Oil Price in India (https://economictimes.indiatimes.com/commoditysummary/symbol-MENTHAOIL.cms) The Economic Times

8) PALM OIL PRICE TODAY

SEO snippet: Palm oil markets (vegetable oil benchmark) — recent levels, currency impact and inventory signals.

Palm oil is a key edible oil and industrial feedstock; prices are often quoted in MYR/tonne (Malaysian Ringgit / tonne) on Bursa Malaysia and tracked globally via benchmarks and futures. As of Sep 23, 2025, palm oil futures traded around ~MYR 4,300–4,400 / tonne (a pullback amid larger vegetable oil pressure). Traders watch Malay export data, Indonesian production and seasonal demand cycles. Trading Economics+1

Why this matters for crude oil readers: palm oil price moves affect biofuel feedstock economics (biodiesel blending), edible oil inflation and trade flows between Asia and the rest of the world.

LSI keywords: palm oil price today, CPO price, Bursa Malaysia palm oil, crude palm oil futures.
FAQs:
Q: What drives palm oil moves? — Malaysian/Indonesian production, export taxes, weather, and competing vegetable oil prices (soybean, rapeseed). Trading Economics
Q: How does palm oil affect fuel markets? — Through biodiesel feedstock choices and policy (blending mandates).

External link (futures & chart): TradingEconomics — Palm Oil price & chart.
TradingEconomics - Palm Oil - Price - Chart - Historical Data - News (https://tradingeconomics.com/commodity/palm-oil) Trading Economics

9) WTI OIL PRICE TODAY

SEO snippet: WTI (U.S.) — local benchmark for U.S. crude and a major reference for North American trade.

WTI (West Texas Intermediate) is the U.S. marker traded on NYMEX. On Sep 23, 2025 front-month WTI was trading in the low-$60s / bbl as U.S. inventories and global supply expectations influenced the front month. Market watchers check EIA weekly stock releases and U.S. production/mileage data for demand signals. MarketWatch+1

LSI keywords: WTI price today, NYMEX WTI, U.S. crude price, CL futures.
FAQs:
Q: Why can WTI trade differently from Brent? — Regional supply balances, pipeline/takeaway capacity and domestic inventory levels cause divergence.
Q: Where to get WTI settlement prices? — NYMEX/ICE settlement pages and MarketWatch/TradingView.

External link (live quote): MarketWatch — Crude Oil WTI front month overview.
MarketWatch - Crude Oil WTI (https://www.marketwatch.com/investing/future/cl.1) MarketWatch

10) BARREL OF OIL PRICE TODAY

SEO snippet: What a “barrel” means, unit conversions, and how to interpret USD/bbl for downstream pricing.

A barrel = 42 U.S. gallons ≈ 159 liters. When people say “barrel of oil price today,” they refer to the USD per barrel quote for Brent or WTI. For practical conversion: 1 bbl ≈ 0.136 metric tonnes of crude (approximate, depends on density/API gravity). When converting into local fuel prices, add refining margins, taxes, logistics and currency conversion. (For precise conversions always use density/grade-specific factors.) markets.businessinsider.com

LSI keywords: price per barrel today, USD per barrel, barrel to tonne conversion.
FAQs:
Q: Is 1 barrel the same mass for all crudes? — No: the mass of 1 bbl varies with crude density (API gravity). Use grade-specific conversion.
Q: How much petrol/diesel from 1 barrel? — Typical refinery yields vary, but roughly 19–20 gallons of gasoline and diesel combined (depends on refinery complexity).

External link (conversion & unit notes): Markets Insider — Brent price conversions & notes.
MarketsInsider - Brent price chart & conversions (https://markets.businessinsider.com/commodities/oil-price) markets.businessinsider.com

11) OIL PRICE TODAY AUSTRALIA

SEO snippet: How global crude translates into Australian terminal gate and pump prices — key local indicators.

Australia imports refined fuels and also produces crude domestically; therefore local retail prices reflect both international crude moves and local taxes, distributor margins and competition. The Australian Institute of Petroleum publishes terminal gate price averages; local state petrol trackers (e.g., FuelCheck NSW) show retail variations. For wholesale fuel planning, watch import flows, AIP terminal gate indices and global Brent/WTI moves. aip.com.au

Practical tip: a fall in Brent/WTI can take time to appear at pumps due to shipping, inventory and pricing cycles. Also FX (AUD/USD) strongly influences local landed costs.

LSI keywords: Australia fuel price today, terminal gate price Australia, petrol price Australia, FuelCheck.
FAQs:
Q: Does Australia produce all the fuel it needs? — No: Australia refines some domestically but imports significant refined product volumes.
Q: Where are Terminal Gate Prices published? — Australian Institute of Petroleum / government fuel trackers. aip.com.au

External link (Australia): Australian Institute of Petroleum — Terminal Gate Prices.
Australian Institute of Petroleum - Terminal Gate Prices (https://www.aip.com.au/pricing/terminal-gate-prices) aip.com.au

12) CONCLUSION

SEO snippet: Snapshot recap and actionable takeaways for traders, buyers and content teams.

Today’s oil price landscape is a mix of downward pressure from rising supply and pipeline restarts vs. upside risks from geopolitical disruptions and refining bottlenecks. Benchmark Brent and WTI are in the mid/low-$60s as of Sep 23, 2025 — but the near term will be shaped by OPEC+ output decisions, weekly inventory data (EIA/API), and regional trade flows. For India, the Indian Basket gives the clearest landed cost signal (PPAC), while buyers of specialty inputs such as mentha oil and palm oil should monitor crop, export and policy developments. Always timestamp price quotes and cite the source (exchange or assessment) when you publish.

Key takeaways:

• Cite settlement timezones when quoting prices; intraday volatility is real. TradingView+1
• For procurement: use futures hedges and physical term deals to manage volatility.
• For editorial: include authoritative links and timestamps; repeatable citation practice builds credibility.

LSI keywords: oil market summary, daily oil roundup, energy markets conclusion.
FAQs (summary):
Q: Should businesses hedge now? — That depends on your exposure, margin tolerance and contract terms; consult trading/finance teams.
Q: Where to get weekly inventory data? — EIA (U.S.), IEA (global commentary), API (industry estimates).

External links (outlook & inventories): U.S. EIA — Short-Term Energy Outlook (for forecasts and inventory expectations).
U.S. Energy Information Administration - Short-Term Energy Outlook (https://www.eia.gov/outlooks/steo/) U.S. Energy Information Administration

NOVINTRADES — BRIEF INTRO (BRAND-FRIENDLY, NON-INTRUSIVE)

SEO snippet: Novintrades: a B2B marketplace and content hub for oil, chemicals, minerals and industrial goods — supplier discovery plus sponsored reportage for visibility.

Novintrades is building a next-generation B2B marketplace connecting global buyers and sellers across oil products, chemicals, minerals, building materials and food supplies. The platform blends marketplace listings with SEO-optimized reportage to help suppliers reach decision-makers. Reportages and product pages are designed for long-term visibility and conversion. We encourage industry readers to explore product categories and sponsored analyses for lead generation and market intelligence. Visit the products and reportage pages for examples. (Join the Telegram channel for rapid updates and cargo notices.)

SEO Sippet (2 lines): Discover verified suppliers, product sheets and sponsored reportages on Novintrades — a search-optimized B2B hub for global commodity trade.
LSI keywords: B2B marketplace oil products, Novintrades reportages, supplier directory oil & chemicals.
Call to action: Visit the platform and join the community: www.novintrades.com/products — join our Telegram channel for instant market picks: https://t.me/novintrades.

Suggested copy for embedding (non-spammy): Novintrades offers product listings, in-depth sponsored reportages and industry analyses geared for trading teams and procurement specialists. Explore supplier profiles and request quotes directly on the products page.

External links (Novintrades):
Novintrades - Products (https://www.novintrades.com/products)
Novintrades - Reportages (https://www.novintrades.com/reportages)

EXPANDED FAQ (RICH)

Q1: What is the best single source to quote “oil price today”?
A: For editorial use quote the settlement price from the exchange (ICE for Brent, NYMEX for WTI) and append a timestamp + timezone. For business use, cite Platts/S&P Global or Argus assessments for physical cargo valuations.

Q2: How often do crude prices update?
A: Exchanges update tick-by-tick during trading hours; daily settlement prices are published at session close. News outlets provide snapshots but can be delayed.

Q3: How do crude price changes affect petrol/diesel prices?
A: Through cost passthrough: crude → refining margins → distribution → taxes. The lag and magnitude depend on local tax structures and inventory.

Q4: Should buyers hedge with futures or options?
A: It depends on risk tolerance. Futures lock price but require margin; options provide downside protection with a premium. Consult treasury/trading.

Q5: How are mentha and palm oil related to crude?
A: They’re separate commodity classes: mentha oil is an essential oil used in flavor/fragrance, and palm oil is an edible/industrial vegetable oil. Palm oil can influence biofuel economics; mentha oil is input priced for specialty sectors.