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West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX) .
English: The chart in the figure shows the change in WTI oil prices between 2013 and 2023 (data availability by CNBC). The x-axis of the graph shows dots of different colours for each year, representing the start price, end price, and the highest and lowest prices for each year. y-axis represents the price of oil in US dollars per barrel.
Date: 3 December 2024: Source: Own work using: Spot Crude Oil Price: West Texas Intermediate (WTI), Dollars per Barrel, Monthly, Not Seasonally Adjusted WTI Spot Crude Oil Price, via the Federal Reserve Bank of St. Louis; Inflation adjusted using: CPI Average, via the Federal Reserve Bank of St. Louis; Author: Isochrone
This chart is ineligible for copyright and therefore in the public domain, because it consists entirely of information that is common property and contains no original authorship. For more information, see Commons:Threshold of originality § Charts
For the first time ever, the price of U.S. crude oil has gone negative as the coronavirus pandemic obliterates demand for energy. On Monday, traders and producers paid as much as $40 for the ...
On April 24, gasoline was $3.85 compared to $3.86 a year earlier; it had been two years since gas prices were lower than the previous year. Crude oil prices were down; West Texas Intermediate was $103.55 a barrel, [72] down from over $107 late in March, [73] and Brent Crude $118.16 [72] after peaking above $128 in March. [74]
In fact, Waha prices have been negative a record number of times year to date, according to Reuters. At the end of July, Waha gas closed at -$0.845 per million British thermal units and sank as ...
Oil prices could soar more than 60% by early next year if conflict in the Middle East continues to escalate, according to Citi. ... The bank said oil prices could go as high as $120 per barrel in ...