WTI Crude Price

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WTI Crude

December 04, 2018
53.21
   0.23 Dollar per Barrel
 
 
 
WTI - Cushing, Oklahoma;   Source: EIA
Crude Oil Prices

Brent Crude

61.22
 
1.05
December 04, 2018

WTI Crude

53.21
 
0.23
December 04, 2018
 
 

OPEC Basket

58.79
 
1.29
December 06, 2018

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 December 04, 2018 stood at 53.21 Dollar per Barrel. This represents an increase in the price of WTI Crude by 0.23 Dollar per Barrel from it's last day price of US$52.98/barrel on Dec 03, 2018.

In the 52 week period, the price of WTI Crude touched a high of 77.41 Dollar per Barrel on Jun 27, 2018 and recorded a low of 50.06 Dollar per Barrel on Nov 28, 2018.

WTI Crude Price Comparision

Price Week
ago
Month
ago
1 Year
ago
5 Years
ago
10 Years
ago
53.21
4 Dec 2018
51.31
27 Nov 2018
63.12
2 Nov 2018
57.48
4 Dec 2017
96.97
4 Dec 2013
43.80
4 Dec 2008
Dollar per Barrel

WTI Crude Daily Price Trend

WTI Crude
DATE PRICE CHANGE % CHANGE
Dec 04, 2018 53.21 +0.23   0.43%
Dec 03, 2018 52.98 +2.20   4.33%
Nov 30, 2018 50.78 -0.68   1.32%
Nov 29, 2018 51.46 +1.40   2.80%
Nov 28, 2018 50.06 -1.25   2.44%
Nov 27, 2018 51.31 -0.15   0.29%
Nov 26, 2018 51.46 -2.95   5.42%
  (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 50.06 50.06 50.06
Max 63.12 77.41 77.41
Average 55.93 67.44 65.72
Volatility    7.26%    8.81%    8.16%
(Dollar per Barrel)

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

  • ~ Lee H. Hamilton


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WTI Crude
Historical Price

Select Date

WTI Crude
(Dollar per Barrel)

DATE PRICE   CHANGE
Dec 04, 2018     53.21        0.23
Dec 03, 2018     52.98        2.20
Nov 30, 2018     50.78        0.68
Nov 29, 2018     51.46        1.40
Nov 28, 2018     50.06        1.25
Nov 27, 2018     51.31        0.15
Nov 26, 2018     51.46        2.95
Nov 21, 2018     54.41        1.02
Nov 20, 2018     53.39        3.77
Nov 19, 2018     57.16        0.67
Nov 16, 2018     56.49        0.04
Nov 15, 2018     56.45        0.29
Nov 14, 2018     56.16        0.53
Nov 13, 2018     55.63        4.22
Nov 12, 2018     59.85        0.34
Nov 09, 2018     60.19        0.52
Nov 08, 2018     60.71        0.98
Nov 07, 2018     61.69        0.47
Nov 06, 2018     62.16        0.96
Nov 05, 2018     63.12        0.00
Nov 02, 2018     63.12        0.55
Nov 01, 2018     63.67        1.64
Oct 31, 2018     65.31        0.87
Oct 30, 2018     66.18        0.82
Oct 29, 2018     67.00        0.58
Oct 26, 2018     67.58        0.33
Oct 25, 2018     67.25        0.69
Oct 24, 2018     66.56        0.07
Oct 23, 2018     66.49        2.76
Oct 22, 2018     69.25        0.09