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1. • • Crude oil prices jumped sharply Wednesday, reversing a weeks-long trend of declines, amid rising tensions in the Middle East and falling U.S. inventories. Western Texas Intermediate (WTI) were up 5% in recent trading at more than $78 per barrel, as market participants assessed the impact of the assassination of a Hamas leader in Iran.
     www.investopedia.com/why-oil-prices-rose-jumped-wednesday-8686633

     Why Oil Prices Jumped 5% on Wednesday - Investopedia

2. People also ask

   What is West Texas Intermediate (WTI) light sweet crude oil?

   • Gain direct exposure to the crude oil market using CME Group West Texas Intermediate (WTI) Light Sweet Crude Oil futures, the world’s most liquid oil contract. WTI Crude Oil futures and options are the most efficient way to trade the largest light, sweet crude oil blend.

   Crude Oil Overview - CME Group

   www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.html

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   What happened to West Texas Intermediate (WTI) in 2024?

   • WTI futures fell by 0.53% to $78.86/bbl, as of 9 a.m. ET. West Texas Intermediate prices have drifted lower in 2024, but prices are up 22.95% over the past three years. WTI crude fell to its 52-week low of $66.81 per barrel on June 12, 2023. It reached its 52-week high of $95.52 on Sep. 27, 2023. That’s 17.36% higher than the current futures price.

   Crude oil prices today: WTI prices are up 7.38% this year

   www.usatoday.com/money/blueprint/investing/oil-prices-05-06-2024/

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   Will West Texas Intermediate Futures Make History?

   • It’s been a year since U.S. benchmark West Texas Intermediate crude futures made history by trading and settling in negative territory, and while prices have recovered to trade above pre-COVID 19 levels, that day won’t be soon forgotten.

   Oil prices went negative a year ago: Here’s what traders have learned

   www.marketwatch.com/story/oil-prices-went-negative-a-year-ago-heres-what-traders-have-learned-since-11618863839

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   How many WTI contracts are traded a day?

   • Over 1 million contracts of WTI futures and options trade daily, with approximately 4 million contracts of open interest. WTI is the go-to measure for the world oil price, with the U.S. producing and exporting record amounts of crude oil. Trade with other NYMEX oil contracts for significant savings and precise exposure.

   Crude Oil Overview - CME Group

   www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.html

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3. www.marketwatch.com › story › oil-prices-wentOil prices went negative a year ago: Here’s what traders have ...

   www.marketwatch.com › story › oil-prices-went

   Apr 19, 2021 · It’s been a year since the U.S. benchmark West Texas Intermediate crude futures settled at a negative price for the first time, and while prices have recovered to trade above pre-COVID-19...

4. www.macrotrends.net › 1369Crude Oil Prices - 70 Year Historical Chart | MacroTrends

   www.macrotrends.net › 1369

   • Cached

   Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. The current month is updated on an hourly basis with today's latest value.

5. www.fxstreet.com › news › crude-oil-stretches-gainsCrude Oil stretches gains, WTI tests $78.50 ahead of ...

   www.fxstreet.com › news › crude-oil-stretches-gains

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   May 27, 2024 · Rate cut expectations remain key to barrel prices. West Texas Intermediate (WTI) US Crude Oil continued to gain on Monday, climbing above $78.50 per barrel.

   • Author: Joshua Gibson

   • Works For: Fxstreet

6. markets.businessinsider.com › commodities › oilCrude Oil Price Today | WTI OIL PRICE CHART - Markets Insider

   markets.businessinsider.com › commodities › oil

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   The reference oil traded most frequently and of major significance for the USA is West Texas Intermediate (WTI), while the most important in Asia is Dubai Fateh.

7. www.usatoday.com › money › blueprintCrude oil prices today: WTI prices are up 7.38% this year

   www.usatoday.com › money › blueprint

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   May 6, 2024 · West Texas Intermediate prices have drifted lower in 2024, but prices are up 22.95% over the past three years. WTI crude fell to its 52-week low of $66.81 per barrel on June 12, 2023.

8. www.cmegroup.com › markets › energyCrude Oil Overview - CME Group

   www.cmegroup.com › markets › energy

   • Cached

   WTI (West Texas Intermediate, a US light sweet crude oil blend) futures provide direct crude oil exposure and are the most efficient way to trade oil after a sharp rise in US crude oil production. Use WTI Crude Oil futures to hedge against adverse oil price moves or speculate on whether WTI oil prices will rise or fall.