Key Highlights

  • WTI crude oil CFDs trade at 103.01.
  • The quote records +0.16 and +0.16%.
  • WTI opens at 102.80.
  • The session reaches 104.99 at its high and 102.43 at its low.
  • U.S. commercial crude inventories decline 1.9 million barrels.
  • The Fed leaves its policy rate range unchanged.

West Texas Intermediate crude oil CFDs edged higher on 30 October 2026, continuing a recovery visible across much of October. U.S. commercial crude stocks had fallen in the latest weekly report, while Australia’s central bank highlighted renewed energy inflation. For Australian market readers, the chart showed oil holding near its recent recovery area alongside fresh supply and policy developments.

Unmodified West Texas Intermediate Crude Oil TradingView chart captured on 30 October 2026

Source chart, 30 October 2026

October Recovery Returns Prices Toward Earlier Highs

The chart shows crude recovering from its late June and early July trough before rising into September. A sharp pullback followed that advance, leaving the market to rebuild through October.

Recent candles show prices climbing from the early October low area, interrupted by brief retreats. The current quote sits near the upper part of that recovery, although the latest session has moved back from its intraday high. This remains a CFD price series rather than the separate futures quote.

A Crude Draw Meets Renewed Inflation Pressure

The EIA reported that U.S. commercial crude inventories fell 1.9 million barrels to 410.6 million barrels in the week ending 23 October 2026.

On 28 October, the RBA warned that higher oil prices would add to Australian inflation. The Federal Reserve also left its policy rate range unchanged that day, while describing U.S. economic activity as strong. Together, these supply and policy updates form the backdrop to the latest oil quote.

Technical Outlook: WTI Crude Oil

The chart records an opening price of 102.80, a session high of 104.99 and a session low of 102.43. Its current price is 103.01, with a displayed change of +0.16 and +0.16%.

The current WTI CFD reading is above the opening quote but below the session high. It sits in the lower part of the recorded daily range despite the positive change. The surrounding October candles show a broader advance from the early-month trough, with the most recent reading retaining much of that recovery.

Key Levels to Watch

The session low of 102.43 and high of 104.99 define the observed daily boundaries. The opening quote provides a further reference for the session’s progress. These are recorded session values rather than independently established support or resistance. A later move beyond them would extend the displayed range.

Summary

WTI crude CFDs retain a positive session and a broader October recovery, although the latest reading is below the session high. A fall in U.S. commercial crude stocks provides supply context. The RBA’s energy-inflation warning and the unchanged Fed decision add a policy setting for Australian readers.