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Crude Oil

CFD on the daily spot price of West Texas Intermediate crude oil (CrudeOIL).

 SELL Open a SELL trade on  SELL Open a SELL trade on Of current open trades, % are BUY and % are SELL BUY  Open a BUY trade on BUY  Open a BUY trade on   The daily price change of
Product Type: Energy CFD
Currency: USDMeasurement Unit: Barrel (42 US gallons)
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Description:

West Texas Intermediate (WTI) or light sweet crude oil is a standardized contract purchased and sold both in the US and across the globe. It is considered among the world's top 3 most commonly traded energy products. WTI futures CFDs (ticker symbol: CL) are sold in units of 1,000 barrels per US dollars.

Interesting Facts:

  • As its name indicates, WTI is the principle benchmark reference for US-based oil fields. Other major benchmark references include Brent crude oil (for oilfields located in the North Sea), OPEC Reference Basket (for oil products of OPEC countries) and oral oil (for Russia’s oil mixture).
  • The average price of WTI crude oil reached a record high of $145.31 per barrel in July 2008. Its record low of 1.17 was quoted in February 1946.
  • WTI’s price quote is frequently referenced by the news media, making it easy for traders to follow.