WTI Crude Price

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WTI Crude

July 20, 2020
40.83
   0.28 Dollar per Barrel
 
 
 
WTI - Cushing, Oklahoma;   Source: EIA
Crude Oil Prices

Brent Crude

43.30
 
0.23
July 20, 2020

WTI Crude

40.83
 
0.28
July 20, 2020
 
 

OPEC Basket

44.24
 
0.05
July 22, 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 July 20, 2020 stood at 40.83 Dollar per Barrel. This represents an increase in the price of WTI Crude by 0.28 Dollar per Barrel from it's last day price of US$40.55/barrel on Jul 17, 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
40.83
20 Jul 2020
40.06
13 Jul 2020
39.72
19 Jun 2020
55.42
19 Jul 2019
50.11
20 Jul 2015
77.32
20 Jul 2010
Dollar per Barrel

WTI Crude Daily Price Trend

WTI Crude
DATE PRICE CHANGE % CHANGE
Jul 20, 2020 40.83 +0.28   0.69%
Jul 17, 2020 40.55 -0.19   0.47%
Jul 16, 2020 40.74 -0.46   1.12%
Jul 15, 2020 41.20 +0.90   2.23%
Jul 14, 2020 40.30 +0.24   0.60%
Jul 13, 2020 40.06 -0.50   1.23%
Jul 10, 2020 40.56 +0.92   2.32%
  (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 37.91 -36.98 -36.98
Max 41.20 56.76 63.27
Average 40.07 34.62 45.97
Volatility    2.15% 40.24% 32.33%
(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)

40.83

DATE PRICE   CHANGE
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
Jul 14, 2020     40.30        0.24
Jul 13, 2020     40.06        0.50
Jul 10, 2020     40.56        0.92
Jul 09, 2020     39.64        1.27
Jul 08, 2020     40.91        0.32
Jul 07, 2020     40.59        0.08
Jul 06, 2020     40.51        0.06
Jul 02, 2020     40.57        0.69
Jul 01, 2020     39.88        0.61
Jun 30, 2020     39.27        0.40
Jun 29, 2020     39.67        1.14
Jun 26, 2020     38.53        0.13
Jun 25, 2020     38.66        0.75
Jun 24, 2020     37.91        2.49
Jun 23, 2020     40.40        0.20
Jun 22, 2020     40.60        0.88
Jun 19, 2020     39.72        0.93
Jun 18, 2020     38.79        0.88
Jun 17, 2020     37.91        0.35
Jun 16, 2020     38.26        1.19
Jun 15, 2020     37.07        0.83
Jun 12, 2020     36.24        0.19
Jun 11, 2020     36.43        3.11
Jun 10, 2020     39.54        0.56
Jun 09, 2020     38.98        0.81
Jun 08, 2020     38.17        1.32