WTI Crude Price

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WTI Crude

May 18, 2020
31.83
   2.39 Dollar per Barrel
 
 
 
WTI - Cushing, Oklahoma;   Source: EIA
Crude Oil Prices

Brent Crude

33.30
 
2.35
May 18, 2020

WTI Crude

31.83
 
2.39
May 18, 2020
 
 

OPEC Basket

28.43
 
0.22
May 19, 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 May 18, 2020 stood at 31.83 Dollar per Barrel. This represents an increase in the price of WTI Crude by 2.39 Dollar per Barrel from it's last day price of US$29.44/barrel on May 15, 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
31.83
18 May 2020
24.02
11 May 2020
18.31
17 Apr 2020
62.77
17 May 2019
59.44
18 May 2015
69.38
18 May 2010
Dollar per Barrel

WTI Crude Daily Price Trend

WTI Crude
DATE PRICE CHANGE % CHANGE
May 18, 2020 31.83 +2.39   8.12%
May 15, 2020 29.44 +2.04   7.45%
May 14, 2020 27.40 +2.03   8.00%
May 13, 2020 25.37 -0.39   1.51%
May 12, 2020 25.76 +1.74   7.24%
May 11, 2020 24.02 -0.71   2.87%
May 08, 2020 24.73 +1.05   4.43%
  (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 -36.98 -36.98 -36.98
Max 31.83 63.27 63.27
Average 17.92 41.78 49.17
Volatility 76.40% 44.92% 30.18%
(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)

31.83

DATE PRICE   CHANGE
May 18, 2020     31.83        2.39
May 15, 2020     29.44        2.04
May 14, 2020     27.40        2.03
May 13, 2020     25.37        0.39
May 12, 2020     25.76        1.74
May 11, 2020     24.02        0.71
May 08, 2020     24.73        1.05
May 07, 2020     23.68        0.20
May 06, 2020     23.88        0.68
May 05, 2020     24.56        4.09
May 04, 2020     20.47        0.75
May 01, 2020     19.72        0.49
Apr 30, 2020     19.23        4.19
Apr 29, 2020     15.04        2.64
Apr 28, 2020     12.40        0.23
Apr 27, 2020     12.17        3.82
Apr 24, 2020     15.99        0.93
Apr 23, 2020     15.06        1.42
Apr 22, 2020     13.64        4.73
Apr 21, 2020     8.91      45.89
Apr 20, 2020     -36.98      55.29
Apr 17, 2020     18.31        1.51
Apr 16, 2020     19.82        0.14
Apr 15, 2020     19.96        0.19
Apr 14, 2020     20.15        2.21
Apr 13, 2020     22.36        0.54
Apr 09, 2020     22.90        2.07
Apr 08, 2020     24.97        1.43
Apr 07, 2020     23.54        2.67
Apr 06, 2020     26.21        2.15