CommoditiesNYMEXContinuous

WTI Crude Oil

What is WTI Crude Oil?

Price per barrel of West Texas Intermediate crude oil.

Why it matters

The primary U.S. crude benchmark.

How to read prints

When it rises

Energy costs rising; pressures CPI, supports E&P equities.

When it falls

Energy costs falling; supports CPI cooling, pressures E&P equities.

Frequently asked

What is WTI?⌄
West Texas Intermediate, the U.S. benchmark light sweet crude oil grade. Priced at Cushing, Oklahoma.
What is the difference between WTI and Brent?⌄
Brent is the seaborne international benchmark (lighter and sweeter than most global grades). WTI is landlocked U.S. inventory; the WTI-Brent spread reflects U.S. export economics and Cushing storage.
What drives the WTI price?⌄
OPEC+ supply policy, U.S. shale output, refinery demand, dollar strength, and macro recession risk.
How does WTI affect inflation?⌄
Crude flows through to gasoline (~15% of CPI energy) within 2-4 weeks and to diesel/jet/chemicals more broadly. A USD 10 sustained move in WTI shifts headline CPI ~0.2-0.3% YoY.

Track it on Market Ontology

Monitor WTI Crude Oil in real time on Commodities Intelligence, alongside regime classification, transmission mapping, and cross-asset context.

SourceNYMEX
FrequencyContinuous
CategoryCommodities
FRED SeriesDCOILWTICO
UnitUSD/bbl
Related ModuleCommodities Intelligence

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