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The current price of West Texas Intermediate (WTI) crude oil today is $70.94 per barrel. Live charts, historical data, futures contracts, and breaking news on WTI prices can be found below.
1 day ago · 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.
Crude Oil WTI Futures Market News and Commentary. Nov WTI crude oil (CLX24) today is up +1.75 (+2.39%), and Nov RBOB gasoline (RBX24) is up +5.96 (+2.88%). Crude oil and gasoline prices today are posting moderate gains. Ramped-up war rhetoric in the Middle East is boosting crude prices today.
- West Texas Intermediate Explained
- Examples
- Chart
- West Texas Intermediate vs Brent Crude
West Texas Intermediate (WTI), also known as Texas Light Sweet on occasion, is a key oil benchmark in the commodities market. There are three such benchmarks, and the other two are Brent crudeand Dubai. There is a distinct "price" for each benchmark. As a result, there are many oil prices; thus, one must indicate which benchmark they're referring t...
Example #1
Below is a table depicting Cushing, OK WTI spot priceover 30 years. This table shows a range of highs and lows and the related fluctuations. Crude oil prices are affected by several short- and long-term factors, which can be summed up as follows: the supply of producer nations, especially those who are members of OPEC (Organization of the Petroleum Exporting Countries), the global demand for fuel, the number of stocks in nations that rely heavily on fuel, and geopolitical factors associated w...
Example #2
The recent pandemic of 2019 took a toll on almost all sectors of the economy. The energy sector was no exception. West Texas Intermediate (WTI) crude oil price dropped significantly in 2020 due to the COVID-19 pandemic. With travel and industrial activity reduced, oil demand decreased, resulting in an oversupply in the market. An oil price warbetween Russia and Saudi Arabia also contributed to the decline in WTI prices, which hit historic lows in April 2020.
The above chart indicates the West Texas Intermediate (WTI) crude oil futures. The chart tracks the price of a barrel of WTI crude oil over a selected period. The x-axis represents time, and the y-axis represents US dollar prices per barrel.
West Texas Intermediate crude oil and Brent crude oil are both benchmark crude oils, but they differ in many ways:
In the table below you'll find the last, change, open, high, low and previous close for each Crude Oil WTI Futures future contract.
May 4, 2024 · Updated May 04, 2024. Reviewed by. Roger Wohlner. Fact checked by. Michael Rosenston. Olga Rolenko / Getty Images. What Is West Texas Intermediate (WTI)? West Texas Intermediate (WTI) is a...
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Explore our suite of benchmark Crude Oil futures and options available, including contracts on WTI, Brent and more. View products, benefits and applications.
