The U.S. benchmark hit a low of $69.19 earlier in the session, the lowest level since Dec. 13, after plunging more than 4% on Tuesday. U.S. crude and global benchmark Brent have erased all gains for 2024. West Texas Intermediate October contract: $70.72 per barrel, up 38 cents, or 0.55%. Year to date, U.S. crude oil has fallen 1%.