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Crude Oil (WTI)

Energy

WTI

84.05

+2.49%

Simulated chart for educational purposes — not real market data.

Overview — Crude Oil (WTI)

West Texas Intermediate is the US benchmark for crude oil. Brent is the global benchmark — both move together but with a small spread.

How it works

Oil is traded as physical barrels and as futures contracts. Prices reflect the balance between global supply (OPEC+, US shale) and demand (transport, industry, China growth).

Key factors

OPEC+ production policy

Output cuts or hikes from the cartel directly move price.

US inventories

Weekly EIA crude stock data is a major short-term catalyst.

Global demand

China, India, and US driving season strongly influence consumption.

Geopolitics

Conflict in the Middle East or shipping disruptions add a risk premium.

US dollar

Oil is priced in USD, so a stronger dollar is a headwind.

What to watch

•OPEC+ meetings and quotas
•EIA weekly petroleum status report
•China industrial data
•Middle East and shipping route news
•Global PMI / recession signals

Where to track it

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Brent Crude Oil

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