Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma
This dataset tracks crude oil prices: west texas intermediate (wti) - cushing, oklahoma over time.
Latest Value
67.33
Year-over-Year Change
-2.08%
Date Range
1/2/1986 - 8/4/2025
Summary
The West Texas Intermediate (WTI) crude oil price measures the U.S. benchmark price for domestic and globally traded crude oil. It is a key economic indicator monitored by policymakers and analysts.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
WTI is one of the most liquid and actively traded commodities globally. The price reflects supply and demand dynamics for crude oil and serves as a benchmark for pricing other crude oil blends and derivatives.
Methodology
The price is determined based on daily spot market trading for WTI crude oil delivered to Cushing, Oklahoma.
Historical Context
The WTI price influences energy costs, inflation, and overall economic activity in the U.S. and global markets.
Key Facts
- WTI is one of the world's most actively traded commodity futures contracts.
- The Cushing, Oklahoma delivery point is a major crude oil storage and pipeline hub.
- WTI crude oil prices are published daily by the U.S. Energy Information Administration.
FAQs
Q: What does this economic trend measure?
A: The WTI crude oil price measures the spot market price for West Texas Intermediate crude oil delivered to Cushing, Oklahoma.
Q: Why is this trend relevant for users or analysts?
A: The WTI price is a key benchmark for global crude oil markets and a leading indicator of energy costs, inflation, and overall economic activity.
Q: How is this data collected or calculated?
A: The WTI price is determined based on daily spot market trading for crude oil delivered to Cushing, Oklahoma.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the WTI price as it influences energy costs, inflation, and overall economic performance in the U.S. and global markets.
Q: Are there update delays or limitations?
A: The WTI price is published daily by the U.S. Energy Information Administration with no significant update delays.
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Citation
U.S. Federal Reserve, Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma (DCOILWTICO), retrieved from FRED.