CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Crude Oil

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

 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: CommoditySubtype: Energy
Country: United States (US)Currency: USD
Trading Hours: According to marketMeasurement Unit: Barrel (42 US gallons)
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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 Urals 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.