What’s happening with oil prices today? WTI crude surged 30% to $119.48, crashed 19% to $96.45, then settled at $103.32 — a $23 intraday swing - one of the biggest single-day reversals in crude oil market history

Oil Prices Today 09 March: WTI crude oil prices shocked the global energy market today. The benchmark WTI crude surged nearly 30% to $119.48 intraday, then suddenly crashed 19% to $96.45 before settling near $103.32 per barrel. That is a massive $23 intraday swing, one of the largest reversals in crude oil trading history. The spike reflects a severe global oil supply shock and Hormuz shipping disruption.