Crude Oil (WTI)
The benchmark for US crude oil prices.
WTI Live priceWhat is Crude Oil
Crude oil is the world’s most important energy commodity, refined into petrol, diesel and jet fuel and used as the feedstock for plastics and chemicals. WTI, or West Texas Intermediate, is the main US benchmark.
Its price swings on the balance between global supply, led by producers like OPEC and US shale, and demand, which tracks the health of the world economy. Small shifts in that balance can move the price quickly.
WTI is one of the most actively traded commodities in the world and a closely watched gauge of inflation and global growth.
- Type
- Energy
- Quoted in
- USD per barrel
- Benchmark
- WTI / NYMEX
- Hours
- Nearly 24h, Mon-Fri
- Main use
- Fuels and chemicals
Live price and key figures
A real-time read on where the market is trading.
Live market data, shown for information only. Not investment advice.
What moves Crude Oil
OPEC and supply
Production decisions from OPEC and US shale set how much oil reaches the market.
Global demand
Oil demand rises and falls with the health of the world economy.
Inventories
Weekly stockpile data signals whether the market is tight or oversupplied.
Geopolitics and the dollar
Conflict in producing regions and a stronger dollar both move the price.
How to trade it on Chasse
You never place an order. Deploy a Chasse strategy and it trades this market for you, automatically, with a stop-loss and take-profit on every position. Which strategies you can run depends on your tier.
Live market data. Chasse is currently a simulated demo; trading results shown elsewhere are illustrative and not guaranteed.
Crude Oil, answered
What is WTI crude oil?
WTI (West Texas Intermediate) is the main US benchmark for crude oil, refined into fuels and used across industry.
What moves the oil price?
Mainly the balance of supply (OPEC, US shale) and demand (the global economy), plus inventories and geopolitics.
Can I trade oil on Chasse?
Yes, crude oil is among the commodities our strategies trade automatically. Chasse is currently a simulated demo.
When does oil trade?
Oil trades nearly around the clock on weekdays, so a strategy can act through most of the global session.
How much do I need to start?
From $100. Commodities sit alongside the other markets our strategies trade across the tiers.
