WTI Crude Price

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WTI Crude

August 12, 2019
54.98
   0.57 Dollar per Barrel
 
 
 
WTI - Cushing, Oklahoma;   Source: EIA
Crude Oil Prices

Brent Crude

57.13
 
0.24
August 12, 2019

WTI Crude

54.98
 
0.57
August 12, 2019
 
 

OPEC Basket

58.87
 
1.12
August 15, 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 August 12, 2019 stood at 54.98 Dollar per Barrel. This represents an increase in the price of WTI Crude by 0.57 Dollar per Barrel from it's last day price of US$54.41/barrel on Aug 09, 2019.

In the 52 week period, the price of WTI Crude touched a high of 76.40 Dollar per Barrel on Oct 03, 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
54.98
12 Aug 2019
54.63
5 Aug 2019
59.99
12 Jul 2019
67.61
10 Aug 2018
97.36
12 Aug 2014
70.08
12 Aug 2009
Dollar per Barrel

WTI Crude Daily Price Trend

WTI Crude
DATE PRICE CHANGE % CHANGE
Aug 12, 2019 54.98 +0.57   1.05%
Aug 09, 2019 54.41 +1.81   3.44%
Aug 08, 2019 52.60 +1.46   2.85%
Aug 07, 2019 51.14 -2.46   4.59%
Aug 06, 2019 53.60 -1.03   1.89%
Aug 05, 2019 54.63 -1.04   1.87%
Aug 02, 2019 55.67 +2.03   3.78%
  (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 51.14 51.13 44.48
Max 59.30 66.24 76.40
Average 55.62 58.40 59.52
Volatility    3.40%    6.34% 12.01%
(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)

54.98

DATE PRICE   CHANGE
Aug 12, 2019     54.98        0.57
Aug 09, 2019     54.41        1.81
Aug 08, 2019     52.60        1.46
Aug 07, 2019     51.14        2.46
Aug 06, 2019     53.60        1.03
Aug 05, 2019     54.63        1.04
Aug 02, 2019     55.67        2.03
Aug 01, 2019     53.64        4.89
Jul 31, 2019     58.53        0.49
Jul 30, 2019     58.04        1.19
Jul 29, 2019     56.85        0.81
Jul 26, 2019     56.04        0.16
Jul 25, 2019     55.88        0.02
Jul 24, 2019     55.90        0.68
Jul 23, 2019     56.58        0.71
Jul 22, 2019     55.87        0.45
Jul 19, 2019     55.42        0.34
Jul 18, 2019     55.08        1.42
Jul 17, 2019     56.50        0.94
Jul 16, 2019     57.44        1.86
Jul 15, 2019     59.30        0.69
Jul 12, 2019     59.99        0.06
Jul 11, 2019     59.93        0.35
Jul 10, 2019     60.28        2.71
Jul 09, 2019     57.57        0.22
Jul 08, 2019     57.35        0.29
Jul 03, 2019     57.06        1.06
Jul 02, 2019     56.00        2.91
Jul 01, 2019     58.91        0.71
Jun 28, 2019     58.20        0.98