US Oil (WTI) price chart, background, and sentiment |
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
West Texas Intermediate (WTI) is a major benchmark for oil prices in the international market, widely used as a reference for pricing and trading crude oil. Produced primarily in the United States, WTI is a high-quality, light, and sweet crude oil known for its relatively low sulphur content, making it desirable for refining into gasoline and other refined petroleum products.
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
WTI’s price is influenced by a range of factors, including global supply and demand dynamics, geopolitical events, economic conditions, and production decisions from major oil-producing countries. WTI prices are often affected by events and policies within the United States, as well as developments in the wider global oil market. Since WTI is produced further inland than Brent crude, it can take longer to bring new supply to market.
WTI is an important industrial commodity and tracks the general industrial economy. Oil is susceptible to price shocks and supply-driven cycles, and like many commodities may move in a supercycle pattern. WTI usually trends at a discount to Brent Crude.
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