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West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX) .
West Texas Intermediate oil price history from 1950–2000, with an annotation for the 1973 oil crisis. Gnuplot code below. Items portrayed in this file depicts.
On April 24, gasoline was $3.85 compared to $3.86 a year earlier; it had been two years since gas prices were lower than the previous year. Crude oil prices were down; West Texas Intermediate was $103.55 a barrel, [72] down from over $107 late in March, [73] and Brent Crude $118.16 [72] after peaking above $128 in March. [74]
English: The chart in the figure shows the change in WTI oil prices between 2013 and 2023 (data availability by CNBC). The x-axis of the graph shows dots of different colours for each year, representing the start price, end price, and the highest and lowest prices for each year. y-axis represents the price of oil in US dollars per barrel.
Oil prices hit an eight-month low on Friday as West Texas Intermediate crude futures fell 6% to $78/barrel while Brent futures dropped 5% to hover just above $85/barrel.
The Texas industry produced 5.86 million barrels per day of crude oil in October 2024 – led by production in west Texas in the Permian Basin. It was the largest total on record in history.
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
The show, released in late 2019, was hosted by former TM journalist Christian Wallace, who grew up in West Texas and spent a year after college working as a "roughneck" (a member of an oil rig crew).