WTI Crude Oil
CLWhat is WTI Crude Oil (CL): complete guide for Beginners and Investors
West Texas Intermediate is the main US crude benchmark, priced per barrel in US dollars.
Rate
At this moment, the price of WTI Crude Oil is —. The 24-hour trading volume is —. Over the past 24 hours, the price of WTI Crude Oil has changed from — to —. The daily high reached — over the past 24 hours, while the daily low was —.
History
It became the American reference alongside the growth of domestic production, with physical delivery at Cushing, Oklahoma.
Technology
WTI is lighter and sweeter than Brent, but delivery is landlocked, so pipeline and storage constraints at Cushing can pull it away from international prices.
Use cases
The spread between WTI and Brent is itself watched closely, as it reflects US supply conditions against the global market.
Forecast
Walbi does not publish price targets. What can be said is what moves this instrument: the spread between WTI and Brent is itself watched closely, as it reflects US supply conditions against the global market. It trades here as a USD-settled perpetual contract, so a position carries no ownership of the underlying and funding is exchanged between long and short holders for as long as it stays open.
WTI Crude Oil details
| Ticker: | CL |
|---|---|
| Type: | Commodity · Energy |