Crude Oil Price Today WTI OIL PRICE CHART OIL PRICE PER BARREL

WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”. It is a benchmark for the Oil market and WTI price is frequently quoted in the media.

WTI Oil Price Per Barrel – Oil Prices Today

This guide explains exactly what the oil spot price represents and what factors determine the constantly moving live price. USD/JPY attracts some buyers during the Asian session and moves away from over a one-month low touched on Wednesday, though any meaningful recovery seems elusive. Worries about the economic impact of Trump’s pledged tariffs and geopolitical risks continue to underpin the safe-haven JPY. WTI crude futures and options are the world’s most actively traded energy product. It began futures trading on the NYMEX in 1983 with the symbol CL.

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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. Other reference Bill williams trader oil types include Leona, Tijuana, Alaska North Slope, Zueitina or Urals. Crude oil as a commodity, its futures are the world’s most actively traded commodity. Such as the Iraqi invasion of Kuwait in 1990, the average monthly price of oil rose from $17 per barrel in July to $36 per barrel in October. The abbreviation indicates one barrel of crude oil, but you may see Gbbl (one billion barrels), as well as Mbbl (one million barrels) or Kbbl for one thousand barrels. For example, you can see that Brent crude oil spot prices are quoted by the barrel (bbl), as are West Texas Intermediate (WTI) oil prices on global futures exchanges like NYMEX.

However, new stocks are not automatically added to or re-ranked on the page until the site performs its 10-minute update. Oil prices could drop to the low $60s by the end of 2026 if demand takes a hit from Trump’s sweeping tariffs, Goldman Sachs says. This tool will download a .csv file for the View being displayed. For other static pages (such as the Russell 3000 Components list) all rows will be downloaded. Also unique to Barchart, Flipcharts allow you to scroll through all the symbols on the table in a chart view.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.75 on Wednesday. The WTI price edges higher amid the uncertainty for the US oil industry and the large surprise crude draw. US President-elect Donald Trump said he would impose a 25% tariff on all products coming into the US from Mexico and Canada. The US oil industry might face an unpredictable outlook if Trump follows through on newly promised blanket tariffs on imports from these countries. “These would obviously be very economically disturbing tariffs if they were put into place,” Josh Zive, senior principal at Bracewell LLP, told S&P Global Commodity Insights. Today’s live Brent crude oil spot price is at $72.88 per barrel.

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Brent Crude is a particularly light crude oil which is carried from the North Sea to the Sullom Voe Terminal on Mainland, Shetland by an underwater pipeline. Crude oil and gasoline prices Wednesday settled lower, with gasoline posting a 1-week low. Crude oil was under pressure Wednesday from an easing of geopolitical risks in the Middle East computer vision libraries after Israel and Hezbollah agreed to a cease-fire. Losses in crude were limited after the dollar index (DXY00) tumbled to a 2-week low. Also, expectations that OPEC+ will delay planned oil production increases are bullish for crude. Wednesday’s weekly EIA inventory report was mixed for crude and products after crude inventories fell more than expected and gasoline supplies unexpectedly increased.

On an international level there are a number of different types of crude oil, each of which have different properties and prices. The types of crude oil come from regions as diverse as Alaska North Lope, Arab Light or Zueitina in Libya. For the purposes of trading on futures exchanges in London or New York, however, reference oils are used. These are standardised products used to determine the prices for all other types.

Oil Price FAQs

That’s the first component of oil prices — the extraction process and machinery required. WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude.

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• Crude oil was under pressure Wednesday from an easing of geopolitical risks in the Middle East after Israel and Hezbollah agreed to a cease-fire.
• As with all commodities, oil prices are driven by supply and demand.
• WTI crude oil trades from Sunday through to Friday, 5 PM to 4 PM CT.
• It began futures trading on the NYMEX in 1983 with the symbol CL.
• That’s down by 2.05% from the price of $70.11 per barrel one week ago.

Click the “+” icon in the first column (on the left) to view more data for the selected symbol. Scroll through widgets of the different content available for the symbol. The “More Data” widgets are also available from the Links column of the right side of the data table. An easy way to get breaking news about the crude oil market is to create a Google Alert which will email you top news stories about oil as they occur.