Texas Capital Texas Oil Index ETF OILT

The current price of oil is $89.055 as of 27.05.2026.
Oil reached its all-time high of $147.27 on 11.07.2008. Oil's all-time low of $-40.32 was recorded on 20.04.2020.
Oil represents one of the most liquid assets in global markets, traded in US dollars.
The leading oil exporters are Saudi Arabia, Russia, and the US, which provide a significant share of global supply.
Oil reserves in strategic storage facilities of OECD countries remain an essential factor affecting crude oil price performance.
At the end of February 2026, the United States, together with Israel, launched a military operation against Iran. This led to instability in the energy market, with WTI rising to $113.13. According to various estimates, prices are expected to fluctuate between $92.11 and $146.20. Some analysts expect the asset to trade within the $100–$125 range, with potential growth toward the end of the year.
Forecasts for 2027 vary significantly. Under conservative scenarios, oil is expected to trade within the $99.99–$130.89 range. However, a rise toward $203.75–$369.10 cannot be ruled out.
Projections for 2028–2030 are also mixed. Prices are expected to fluctuate within the $95–$161 range, although some analysts forecast significant growth to $528–$585 by the end of 2030.
Long-term forecasts for 2040–2050 remain highly uncertain. According to some estimates, prices could rise to $522.25–$795.55 by 2040 and to $1,375.54–$1,909.52 by 2050.

He said: “What is certain is that the hands of time will not turn backwards and the nations and lands of the region will no longer serve as shields for American bases. The United States not only will no longer have a safe haven for its mischief and for establishing military bases in the region but, day by day, it is growing more distant from its former status.”

He added: “The shaken Zionist regime and the cancerous tumour of Israel are approaching the final stages of their wretched existence.” His remarks put into perspective Trump’s much-derided claim that Arab states, as well as Turkey and Iran, should normalise relations with Israel.

Iran's foreign ministry called the strikes a ceasefire violation and warned that Washington would bear responsibility for “all consequences,” without elaborating.