WTI Crude Price

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WTI Crude

August 25, 2020
43.17
   0.73 Dollar per Barrel
 
 
 
WTI - Cushing, Oklahoma;   Source: EIA
Crude Oil Prices

Brent Crude

46.01
 
1.58
August 25, 2020

WTI Crude

43.17
 
0.73
August 25, 2020
 
 

OPEC Basket

45.19
 
0.27
August 24, 2020

Indian Basket

33.36
 
21.27
Mar 2020
Source: EIA, OPEC, PPAC

Chart of WTI Crude Prices - Daily/ Weekly/ Monthly/ Yearly

Source: The U. S. Energy Information Administration

WTI Crude Prices

WTI Crude price on August 25, 2020 stood at 43.17 Dollar per Barrel. This represents an increase in the price of WTI Crude by 0.73 Dollar per Barrel from it's last day price of US$42.44/barrel on Aug 24, 2020.

In the 52 week period, the price of WTI Crude touched a high of 63.27 Dollar per Barrel on Jan 06, 2020 and recorded a low of -36.98 Dollar per Barrel on Apr 20, 2020.

WTI Crude Price Comparision

Price Week
ago
Month
ago
1 Year
ago
5 Years
ago
10 Years
ago
43.17
25 Aug 2020
42.89
18 Aug 2020
41.23
24 Jul 2020
54.08
23 Aug 2019
39.15
25 Aug 2015
72.07
25 Aug 2010
Dollar per Barrel

WTI Crude Daily Price Trend

WTI Crude
DATE PRICE CHANGE % CHANGE
Aug 25, 2020 43.17 +0.73   1.72%
Aug 24, 2020 42.44 +0.12   0.28%
Aug 21, 2020 42.32 -0.30   0.70%
Aug 20, 2020 42.62 -0.29   0.68%
Aug 19, 2020 42.91 +0.02   0.05%
Aug 18, 2020 42.89 0.00   0.00%
Aug 17, 2020 42.89 +0.84   2.00%
  (Dollar per Barrel) Source: EIA

WTI Crude Monthly Average Price Trend

WTI Crude Monthly Average Price Trend Chart

WTI Crude Yearly  Average  Price  Trend

WTI Crude Yearly Average Price Trend


WTI Crude Oil

West Texas Intermediate (WTI) is the primarily benchmark for crude oil trade in the U.S, i.e., crude oil sales into the US are usually priced in relation to WTI. WTI is a light crude oil, with an API gravity of around 39.6 and specific gravity of about 0.827, which is lighter than Brent crude. It contains about 0.24% sulfur thus is rated as a sweet crude oil (having less than 0.5% sulfur), sweeter than Brent which has 0.37% sulfur.

As per EIA, West Texas Intermediate (WTI - Cushing) is a crude stream produced in Texas and southern Oklahoma which serves as a reference or "marker" for pricing a number of other crude streams and which is traded in the domestic spot market at Cushing, Oklahoma.

It is the underlying commodity of New York Mercantile Exchange's oil futures contracts. In March 1983, the New York Mercantile Exchange (NYMEX) started trading of crude oil futures in domestic light sweet crude at Cushing Oklahoma. It was decided that the New York Mercantile's delivery point would be Cushing, Oklahoma, near Tulsa, where all major transcontinental oil pipelines converge.


Volatility in WTI Crude Prices

  Last 30 Days Last 6 Mths Last 1 Year
Min 39.85 -36.98 -36.98
Max 43.17 47.27 63.27
Average 41.86 32.58 44.59
Volatility    2.13% 35.91% 32.59%
(Dollar per Barrel)

  • For decades the American people have had an addiction to oil and gas.

  • ~ Lee H. Hamilton


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Historical Price of
 in

Select Date

WTI Crude
(Dollar per Barrel)

43.17

DATE PRICE   CHANGE
Aug 25, 2020     43.17        0.73
Aug 24, 2020     42.44        0.12
Aug 21, 2020     42.32        0.30
Aug 20, 2020     42.62        0.29
Aug 19, 2020     42.91        0.02
Aug 18, 2020     42.89        0.00
Aug 17, 2020     42.89        0.84
Aug 14, 2020     42.05        0.21
Aug 13, 2020     42.26        0.34
Aug 12, 2020     42.60        1.07
Aug 11, 2020     41.53        0.41
Aug 10, 2020     41.94        0.78
Aug 07, 2020     41.16        0.77
Aug 06, 2020     41.93        0.32
Aug 05, 2020     42.25        0.58
Aug 04, 2020     41.67        0.84
Aug 03, 2020     40.83        0.73
Jul 31, 2020     40.10        0.25
Jul 30, 2020     39.85        1.28
Jul 29, 2020     41.13        0.24
Jul 28, 2020     40.89        0.57
Jul 27, 2020     41.46        0.23
Jul 24, 2020     41.23        0.24
Jul 23, 2020     40.99        0.89
Jul 22, 2020     41.88        0.12
Jul 21, 2020     41.76        0.93
Jul 20, 2020     40.83        0.28
Jul 17, 2020     40.55        0.19
Jul 16, 2020     40.74        0.46
Jul 15, 2020     41.20        0.90