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WTI crude oil price today
Energy · USD per barrel · CL=F futures.
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About wti crude oil
West Texas Intermediate is the US crude benchmark, delivered at the Cushing, Oklahoma storage hub. It follows Brent on global supply shocks but also reflects US-specific news: shale output, weekly EIA inventory reports, refinery demand and releases from the Strategic Petroleum Reserve.
What moves the price
- US inventories: Weekly EIA crude and Cushing stock changes move WTI more than Brent.
- Shale production: US output responds to price within months and caps rallies.
- Global supply shocks: Gulf or Russian disruptions lift WTI alongside Brent.
Related
Shipping chokepoints: Strait of Hormuz, Panama Canal.
Country risk: United States, Saudi Arabia, Russia, Mexico.
Other energy: Brent crude oil, Natural gas (Henry Hub).
FAQ
What moves WTI prices?
Global supply news moves WTI together with Brent. On top of that, WTI reacts to US data: weekly inventory reports from the EIA, stock levels at Cushing, shale drilling activity and government reserve releases.
Is WTI the same as US gasoline prices?
No. Crude is the largest part of the price of gasoline, but refining margins, taxes and seasonal demand also matter, so pump prices follow WTI with a lag and only partly.