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West Texas Spot Is $99.64, and the Draw Is Another Week

The Cushing WTI spot price was $99.64 a barrel on November 3, down $0.42 from November 2. The EIA summary for the week ending October 30 reports a 0.9 million barrel decline in commercial crude stocks, to 409.8 million.

By Jonah Peck, Energy Correspondent

New York1 min read

The United States Capitol building with its white dome against a blue sky
The United States Capitol building with its white dome against a blue skyPhoto by Louis Velazquez on Unsplash

The latest West Texas Intermediate spot price at Cushing, as published by the St. Louis Fed, is $99.64 a barrel, dated November 3, 2026. November 2 was $100.06. The difference is $0.42 a barrel. No price has been posted for November 4.

On November 2 the latest posted price was $103.37, for October 27. The series has since filled in the missing days: October 28 at $106.25, October 29 at $105.51, October 30 at $107.56, November 2 at $100.06, and November 3 at $99.64. From October 30 to November 3 the posted spot fell $7.92.

The latest inventory figures cover an earlier week. The Energy Information Administration's weekly summary, for the week ending October 30, 2026, says U.S. refineries processed 16.7 million barrels per day, up 199,000 barrels per day from the previous week, at 94.5 percent capacity utilization. Gasoline output averaged 9.7 million barrels per day. Distillate production decreased to 5.2 million barrels per day. The weekly page lists that edition as November 4, 2026.

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