West Texas Intermediate (WTI) Crude Oil is the primary US benchmark for oil pricing, representing light, sweet crude extracted largely from domestic US fields. It is closely watched alongside Brent Crude as a global indicator of energy market conditions. Key price drivers include US production levels, OPEC+ supply agreements, changes in domestic and global inventories, and macroeconomic demand signals. The quoted price is in US dollars per barrel.
السياق السوقي
Crude Oil is trading near $84.96 per barrel, essentially flat today with a marginal decline of about 0.06% and nearly unchanged over the week at roughly 0.01%. The monthly trend shows a pullback of approximately 4.88%, while year-to-date and year-over-year gains remain substantial at around 47.30% and 31.10% respectively.