WTI Crude Price

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WTI Crude

October 28, 2019
55.60
   0.92 Dollar per Barrel
 
 
 
WTI - Cushing, Oklahoma;   Source: EIA
Crude Oil Prices

Brent Crude

60.39
 
1.67
October 28, 2019

WTI Crude

55.60
 
0.92
October 28, 2019
 
 

OPEC Basket

62.57
 
0.57
November 05, 2019

Indian Basket

77.88
 
5.35
Sep 2018
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 October 28, 2019 stood at 55.60 Dollar per Barrel. This represents a decrease in the price of WTI Crude by 0.92 Dollar per Barrel from it's last day price of US$56.52/barrel on Oct 25, 2019.

In the 52 week period, the price of WTI Crude touched a high of 67.00 Dollar per Barrel on Oct 29, 2018 and recorded a low of 44.48 Dollar per Barrel on Dec 27, 2018.

WTI Crude Price Comparision

Price Week
ago
Month
ago
1 Year
ago
5 Years
ago
10 Years
ago
55.60
28 Oct 2019
53.28
21 Oct 2019
55.95
27 Sep 2019
67.58
26 Oct 2018
81.36
28 Oct 2014
77.39
28 Oct 2009
Dollar per Barrel

WTI Crude Daily Price Trend

WTI Crude
DATE PRICE CHANGE % CHANGE
Oct 28, 2019 55.60 -0.92   1.63%
Oct 25, 2019 56.52 +0.41   0.73%
Oct 24, 2019 56.11 +0.21   0.38%
Oct 23, 2019 55.90 +1.69   3.12%
Oct 22, 2019 54.21 +0.93   1.75%
Oct 21, 2019 53.28 -0.47   0.87%
Oct 18, 2019 53.75 -0.14   0.26%
  (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 52.41 51.13 44.48
Max 56.52 63.55 67.00
Average 53.86 56.46 56.32
Volatility    2.25%    5.40%    7.88%
(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)

55.60

DATE PRICE   CHANGE
Oct 28, 2019     55.60        0.92
Oct 25, 2019     56.52        0.41
Oct 24, 2019     56.11        0.21
Oct 23, 2019     55.90        1.69
Oct 22, 2019     54.21        0.93
Oct 21, 2019     53.28        0.47
Oct 18, 2019     53.75        0.14
Oct 17, 2019     53.89        0.47
Oct 16, 2019     53.42        0.61
Oct 15, 2019     52.81        0.76
Oct 14, 2019     53.57        1.19
Oct 11, 2019     54.76        1.19
Oct 10, 2019     53.57        0.94
Oct 09, 2019     52.63        0.01
Oct 08, 2019     52.64        0.12
Oct 07, 2019     52.76        0.08
Oct 04, 2019     52.84        0.43
Oct 03, 2019     52.41        0.26
Oct 02, 2019     52.67        0.93
Oct 01, 2019     53.60        0.49
Sep 30, 2019     54.09        1.86
Sep 27, 2019     55.95        0.29
Sep 26, 2019     56.24        0.14
Sep 25, 2019     56.38        0.84
Sep 24, 2019     57.22        1.47
Sep 23, 2019     58.69        0.77
Sep 20, 2019     57.92        0.27
Sep 19, 2019     58.19        0.00
Sep 18, 2019     58.19        1.07
Sep 17, 2019     59.26        3.84