West Texas Intermediate (WTI) oil is a major benchmark for crude oil pricing, known for its high quality—being both light and sweet due to its low sulfur content and low density. WTI is sourced primarily from inland Texas and is the underlying commodity for oil futures traded on the New York Mercantile Exchange (NYMEX). The main physical delivery point is Cushing, Oklahoma, a critical U.S. oil storage and trading hub.
Current Price (as of August 1, 2025)
WTI crude oil is trading around $69.15–$69.36 per barrel.
Recently, WTI prices have seen volatility due to global economic factors, including U.S. tariffs, OPEC+ production, and shifts in oil demand. Despite a small decline on the day, oil prices have posted their strongest weekly performance since June, rising over 6% for the week.
Market and Outlook
Recent price movement reflects concerns about global trade tensions, new tariffs, and their impact on economic growth and energy demand. At the same time, supply risks remain due to geopolitical factors such as potential sanctions on Russian oil and U.S.-China trade developments.
Analyst forecasts for the remainder of 2025 suggest continued volatility, with WTI potentially ranging between $56 and $73 per barrel, influenced by demand, OPEC+ decisions, and geopolitical events.
Quick Facts Table
Feature Detail
Type Light, sweet crude
Benchmark NYMEX (U.S.), major global reference
Main Delivery Point Cushing, Oklahoma
Latest Price (Aug 1, 2025) $69.15–$69.36 per barrel
Typical Drivers U.S. tariffs, OPEC+ decisions, trade policy, supply risks, global demand
WTI oil plays a central role in global energy markets, serving as a benchmark for North American and international oil pricing. Its price reflects both supply fundamentals and broader macroeconomic and geopolitical developments.
#OIL #WTI
Current Price (as of August 1, 2025)
WTI crude oil is trading around $69.15–$69.36 per barrel.
Recently, WTI prices have seen volatility due to global economic factors, including U.S. tariffs, OPEC+ production, and shifts in oil demand. Despite a small decline on the day, oil prices have posted their strongest weekly performance since June, rising over 6% for the week.
Market and Outlook
Recent price movement reflects concerns about global trade tensions, new tariffs, and their impact on economic growth and energy demand. At the same time, supply risks remain due to geopolitical factors such as potential sanctions on Russian oil and U.S.-China trade developments.
Analyst forecasts for the remainder of 2025 suggest continued volatility, with WTI potentially ranging between $56 and $73 per barrel, influenced by demand, OPEC+ decisions, and geopolitical events.
Quick Facts Table
Feature Detail
Type Light, sweet crude
Benchmark NYMEX (U.S.), major global reference
Main Delivery Point Cushing, Oklahoma
Latest Price (Aug 1, 2025) $69.15–$69.36 per barrel
Typical Drivers U.S. tariffs, OPEC+ decisions, trade policy, supply risks, global demand
WTI oil plays a central role in global energy markets, serving as a benchmark for North American and international oil pricing. Its price reflects both supply fundamentals and broader macroeconomic and geopolitical developments.
#OIL #WTI
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.