Energy · WTIOIL-FUT

WTI oil price

WTI oil currently trades at US$75.54 per barrel (≈ €66.24 · £56.59) — 34.70% below the 12-month high. Over the past 12 months it has gained 10.65%, with the annual range running from US$55.61 to US$115.69. In the past 24 hours the price has sharply, risen by 4.70%.

US$75.54 / barrel
≈ €66.24 ≈ £56.59 +US$3.39 (+4.70%) 24h 33% within the 52-week range
FX Editorial Team · Data updated: ·Editorially verified
WTI oil (WTIOIL-FUT) price today US$75.54 / barrel, ↑ +4.70% (24h)

WTI oil chart

Interactive chart and 30-day overview

7 days
▼ −1.40%
−US$1.07
30 days
▼ −16.57%
−US$15.00
1 year
▲ +10.65%
+US$7.27
52-week range
US$55.6133%US$115.69
WTI oil (WTIOIL-FUT) 30-day price chart — USD, EUR, GBP

The WTI oil chart shows how the wti oil price has moved over time. The interactive view lets you switch the timeframe (from 7 days up to MAX), the currency (USD / EUR / GBP) and overlay moving averages. Click any two points to measure the percentage change between those dates.

How is wti oil priced?

WTI oil is priced by the barrel (1 Bbl = 158.987 litres / 42 US gallons). The unit dates back to the 1860s Pennsylvania oil rush, when 42-gallon whiskey casks were repurposed for crude oil transport. It remains the industry standard for ICE Futures Europe (Brent) and NYMEX (WTI) futures contracts.

At US$75.54 per barrel, one litre of crude wholesales for roughly US$0.4751. Retail fuel prices at the pump are much higher because of refining margins, distribution costs and excise duty + VAT, which together make up a large share of the consumer price across the EU and UK.

What drives the WTI oil price?

WTI is driven above all by the supply flexibility of the US shale sector. Producers in the Permian Basin in Texas, the Bakken in North Dakota and Eagle Ford respond to the Baker Hughes Rig Count and the price level of hedging positions by raising or slowing output. The investment cycle typically stalls around a threshold of $50–$60 a barrel.

The Cushing storage level is the main short-term signal. The WTI contract is physically delivered to the Oklahoma hub. If the roughly 76 million-barrel capacity is more than 80% full, the prompt contract usually falls sharply relative to later months. Seasonal swings in refinery utilisation — the summer driving peak and winter maintenance — are also priced through weekly EIA data.

The Brent-WTI spread normally trades at $2–$5 in favour of Brent, but can widen above $10 during transport bottlenecks, including constraints on Cushing-Gulf pipelines and export terminal capacity. At the global level, OPEC+ quota discipline, the dollar index (DXY) and Chinese manufacturing demand set the longer-term framework. These are tracked in the OPEC Monthly Oil Market Report (MOMR) and the IEA Oil Market Report.

How to invest in WTI oil

Most retail investors do not hold crude oil physically. They track it through derivatives or ETFs. Brokers available to European and UK clients commonly offer CFDs on WTI, often under names such as OIL.WTI or USOIL, as well as access to oil ETFs listed in New York where permitted and shares in integrated oil companies.

30-day price history

Chart and daily closing prices

WTI oil (WTIOIL-FUT) 30-day price chart — USD, EUR, GBP

Daily close

30 trading days

DatePrice (USD)Price (EUR)Price (GBP)Daily change
8 Jul 2026 US$75.54 €66.24 £56.59 ▲ +4.70%
7 Jul 2026 US$72.15 €63.27 £54.05 ▼ −5.82%
19 Jun 2026 US$76.61 €67.18 £57.39 ▲ +2.65%
18 Jun 2026 US$74.63 €65.44 £55.91 ▼ −2.70%
17 Jun 2026 US$76.70 €67.26 £57.46 ▲ +1.15%
16 Jun 2026 US$75.83 €66.49 £56.81 ▼ −5.57%
15 Jun 2026 US$80.30 €70.41 £60.16 ▼ −4.67%
13 Jun 2026 US$84.23 €73.86 £63.10 ▼ −0.18%
12 Jun 2026 US$84.38 €73.99 £63.21 ▼ −7.21%
11 Jun 2026 US$90.94 €79.74 £68.13 ▲ +0.40%
10 Jun 2026 US$90.58 €79.43 £67.86 ▲ +0.04%
6 Jun 2026 US$90.54 €79.39 £67.83 ▼ −0.30%
5 Jun 2026 US$90.81 €79.63 £68.03 ▼ −2.31%
4 Jun 2026 US$92.96 €81.52 £69.64 ▼ −3.04%
3 Jun 2026 US$95.87 €84.07 £71.82 ▲ +3.30%
2 Jun 2026 US$92.81 €81.38 £69.53 ▼ −1.04%
1 Jun 2026 US$93.79 €82.24 £70.26 ▲ +7.36%
31 May 2026 US$87.36 €76.61 £65.45 —

WTI oil: frequently asked questions

What is the difference between WTI and Brent crude? +
WTI is inland crude from Texas. It is lighter (API ~39.6) and sweeter (sulphur ~0.24%) than Brent, which is seaborne crude from the North Sea. WTI is priced for delivery to Cushing, Oklahoma, while Brent is priced at North Sea terminals. The Brent-WTI spread is usually $2–$5 in favour of Brent, but it can widen when US export capacity is constrained.
How many litres are in a barrel of WTI oil? +
One barrel (Bbl) is exactly 42 US gallons, or 158.987 litres. The unit has been unchanged since the mid-19th century, when the oil industry adopted the 42-gallon size of wooden barrels used in the Pennsylvania oilfields.
Where is WTI oil traded? +
The futures contract trades on NYMEX in New York, part of CME Group, under the CL ticker. It involves physical delivery to the storage hub at Cushing, Oklahoma. It is the world’s most actively traded energy futures contract.
What does the Cushing storage level mean? +
Cushing, Oklahoma, is the physical delivery point for the WTI futures contract and has roughly 76 million barrels of storage capacity. The EIA publishes inventory data weekly. If storage rises above 80%, the market often responds by selling the prompt contract because physical delivery becomes harder to manage logistically.
How much oil does the United States produce? +
The US is the world’s largest crude oil producer, with output of about 13 million barrels per day, ahead of Saudi Arabia and Russia. Roughly half of that production comes from the Permian Basin in Texas, with significant volumes also from the Bakken in North Dakota and Eagle Ford in Texas.
What role does OPEC+ play in the WTI price? +
OPEC+ — OPEC members plus Russia and other partners — accounts for about 40% of global supply. Its quota decisions have a direct effect on Brent, but WTI also reacts quickly through the Brent-WTI spread. The OPEC Monthly Oil Market Report (MOMR) is a key publication for assessing supply expectations.
How does the dollar affect the WTI price? +
WTI is priced in US dollars. A stronger dollar, reflected in a higher DXY, makes crude more expensive for buyers using other currencies, which can reduce demand and put pressure on prices. The correlation between the two markets is typically negative, although they can move together temporarily during macro shocks, such as periods of risk aversion.
What do contango and backwardation mean in the WTI market? +
Contango means later-dated contracts are more expensive than the prompt contract. It is a sign of ample storage and weak immediate demand. Backwardation means the nearby contract is more expensive, pointing to tight prompt supply. The shape of the curve directly affects returns on futures-tracking ETFs such as USO because of rolling costs.

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