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.

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.