Global price of WTI Crude
Quarterly
POILWTIUSDQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.78
Year-over-Year Change
-40.45%
Date Range
1/1/1990 - 4/1/2025
Summary
The 'Quarterly' series measures the quarterly average price of West Texas Intermediate (WTI) crude oil. This key benchmark is widely used by economists and policymakers to analyze energy market trends and their impact on the broader economy.
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
The 'Quarterly' series tracks the average price per barrel of WTI crude oil, a high-quality light sweet crude that serves as a major global oil benchmark. Movements in this series are closely monitored for their effects on inflation, consumer spending, and other macroeconomic indicators.
Methodology
The data is collected and calculated by the U.S. Energy Information Administration.
Historical Context
Policymakers and market analysts use this series to assess the state of global energy markets and their implications for the U.S. economy.
Key Facts
- WTI crude oil is a light, sweet crude used as a benchmark for U.S. oil prices.
- Quarterly average WTI prices reached a peak of $113.93 per barrel in Q2 2022.
- Oil prices have a significant impact on transportation costs, consumer spending, and inflation.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly' series measures the average price per barrel of West Texas Intermediate (WTI) crude oil, a major global oil benchmark.
Q: Why is this trend relevant for users or analysts?
A: Movements in the price of WTI crude oil are closely watched by economists and policymakers due to their widespread impact on inflation, consumer spending, and other key macroeconomic indicators.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this series to assess the state of global energy markets and their implications for the U.S. economy.
Q: Are there update delays or limitations?
A: The 'Quarterly' series is updated on a regular schedule by the U.S. Energy Information Administration.
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Citation
U.S. Federal Reserve, Quarterly (POILWTIUSDQ), retrieved from FRED.