In May 2025, the price for one barrel of West Texas Intermediate (WTI) crude oil averaged 62.17 U.S. dollars. This was a decrease compared to the previous month and the lowest figure in the past 24-month period amid continued weak demand outlooks. WTI and other benchmark crudes WTI is also known as "Texas light sweet", and is a grade of crude oil used as a benchmark for oil produced in the United States. It has an API gravity of around 39.6 and specific gravity of about 0.827, which, relative to other crude oils, is considered “light,” hence the name. WTI also contains about 0.24 percent sulfur, making it a “sweet” crude oil. The price of WTI can be compared to the prices other of crude oils, i.e. UK Brent, the OPEC basket, and Dubai Fateh oil. WTI crude oil is the underlying commodity of the Chicago Mercantile Exchange’s oil futures contracts. U.S. oil production and its influence on light oil prices The price development of WTI crude oil relative to Brent crude oil has been influenced by variances in U.S. crude oil transportation and increased U.S. oil production. New transportation infrastructure became operational in early 2013, easing the movement of crude oil in the mid-continent and raising the price of WTI. Since then, U.S. refineries have increased production of crude oil to record levels, also raising the price of WTI. Meanwhile, expedited crude transport in the U.S. put downward pressure on Brent crude oil as domestic crude replaced some imported Brent crude. Between 2014 and 2016, UK Brent prices dropped rapidly, as was the case for all other crude oils.

The 2025 preliminary average annual price of West Texas Intermediate crude oil reached 68.24 U.S. dollars per barrel, as of May. This would be eight U.S. dollars below the 2024 average and the lowest annual average since 2021. WTI and other benchmarks WTI is a grade of crude oil also known as “Texas light sweet.” It is measured to have an API gravity of around 39.6 and specific gravity of about 0.83, which is considered “light” relative to other crude oils. This oil also contains roughly 0.24 percent sulfur, and is therefore named “sweet.” Crude oils are some of the most closely observed commodity prices in the world. WTI is the underlying commodity of the Chicago Mercantile Exchange’s oil futures contracts. The price of other crude oils, such as UK Brent crude oil, the OPEC crude oil basket, and Dubai Fateh oil, can be compared to that of WTI crude oil. Since 1976, the price of WTI crude oil has increased notably, rising from just 12.23 U.S. dollars per barrel in 1976 to a peak of 99.06 dollars per barrel in 2008. Geopolitical conflicts and their impact on oil prices The price of oil is controlled in part by limiting oil production. Prior to 1971, the Texas Railroad Commission controlled the price of oil by setting limits on production of U.S. oil. In 1971, the Texas Railroad Commission ceased limiting production, but OPEC, the Organization of Petroleum Exporting Countries with member states Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela among others, continued to do so. In 1972, due to geopolitical conflict, OPEC set an oil embargo and cut oil production, causing prices to quadruple by 1974. Oil prices rose again in 1979 and 1980 due to the Iranian revolution, and doubled between 1978 and 1981 as the Iran-Iraq War prevented oil production. A number of geopolitical conflicts and periods of increased production and consumption have influenced the price of oil since then.

Learn about light sweet oil, its characteristics, and its significance as a benchmark for pricing crude oil. Discover how supply and demand dynamics, geopolitical events, economic indicators, and environmental regulations influence its price. Explore the factors that affect the price of light sweet oil and its role in the global economy.

Crude Oil: Avg Price: Canada Light Sweet Edmonton data was reported at 486.160 CAD/Cub m in 27 Aug 2018. This records an increase from the previous number of 484.930 CAD/Cub m for 24 Aug 2018. Crude Oil: Avg Price: Canada Light Sweet Edmonton data is updated daily, averaging 411.520 CAD/Cub m from Sep 2016 (Median) to 27 Aug 2018, with 518 observations. The data reached an all-time high of 575.680 CAD/Cub m in 10 Jul 2018 and a record low of 330.050 CAD/Cub m in 22 Jun 2017. Crude Oil: Avg Price: Canada Light Sweet Edmonton data remains active status in CEIC and is reported by Kent Group Ltd.. The data is categorized under Daily Database’s Commodity Prices and Futures – Table CA.DP001: Average Price: Crude Oil.

The stock price of light sweet crude oil is influenced by global supply and demand, geopolitical events, economic indicators, and weather conditions. Learn about the factors that impact crude oil prices and the implications for investors and traders.

As of May 2025, the average annual price of Brent crude oil stood at 72 U.S. dollars per barrel. This is some eight U.S. dollars lower than the 2024 average. Brent is the world's leading price benchmark for Atlantic basin crude oils. Crude oil is one of the most closely observed commodity prices as it influences costs across all stages of the production process and consequently alters the price of consumer goods as well. What determines crude oil benchmarks? In the past decade, crude oil prices have been especially volatile. Their inherent inelasticity regarding short-term changes in demand and supply means that oil prices are erratic by nature. However, since the 2009 financial crisis, many commercial developments have greatly contributed to price volatility; such as economic growth by BRIC countries like China and India, and the advent of hydraulic fracturing and horizontal drilling in the U.S. The outbreak of the coronavirus pandemic and the Russia-Ukraine war are examples of geopolitical events dictating prices. Light crude oils - Brent and WTI Brent Crude is considered a classification of sweet light crude oil and acts as a benchmark price for oil around the world. It is considered a sweet light crude oil due to its low sulfur content and a low density and may be easily refined into gasoline. This oil originates in the North Sea and comprises several different oil blends, including Brent Blend and Ekofisk crude. Often, this crude oil is refined in Northwest Europe. Another sweet light oil often referenced alongside UK Brent is West Texas Intermediate (WTI). WTI oil prices amounted to 76.55 U.S. dollars per barrel in 2024.

Learn about the factors that influence the price of light sweet crude oil, including supply and demand dynamics, geopolitical tensions, production cuts, and global economic conditions. Stay informed on the latest price updates and understand how traders and economists predict future price movements.

Explore the dynamics influencing the pricing of Louisiana Sweet Crude, a premium light, sweet crude oil from the Gulf of Mexico, affected by global demand, geopolitical tensions, and regional factors such as refinery demands and weather events, amidst evolving energy landscapes and market volatility.

The global low sulfur light oil market is a dynamic sector experiencing significant growth driven by the increasing demand for cleaner fuels and stricter environmental regulations. The transition towards cleaner energy sources globally has put immense pressure on oil producers to refine and provide low-sulfur options. This shift, coupled with the ongoing expansion of refining capacities, particularly in regions with robust economic growth, is fueling market expansion. While the exact market size fluctuates based on global economic conditions and geopolitical factors, a reasonable estimate for 2025 could be around $700 billion, considering the high value of light sweet crude and its significant market share within the broader oil market. A conservative Compound Annual Growth Rate (CAGR) of 3% over the forecast period (2025-2033) reflects a steady yet realistic growth trajectory, given potential economic slowdowns and technological advancements in alternative energy sources. Major players such as Saudi Aramco, ExxonMobil, and Chevron, along with significant regional players like the National Iranian Oil Company and CNPC, actively compete to meet this growing demand. Market restraints include price volatility inherent in the commodity market, geopolitical instability impacting oil production and supply chains, and the ongoing transition to renewable energy sources. Despite these challenges, the continuous demand from transportation and industrial sectors will continue to drive growth. Regional variations in market share will depend heavily on production capacity, refining infrastructure, and local environmental policies. For instance, North America and the Middle East are anticipated to maintain substantial market shares owing to significant production capabilities and established infrastructure. However, regions with growing economies and increasing energy demands will witness relatively faster growth. Segmentation within the market is primarily based on type (e.g., API gravity and sulfur content), application (transportation, petrochemicals), and geographic location. The forecast period of 2025-2033 anticipates consistent, if moderate, growth for the market.

Light crude oil futures, also known as WTI (West Texas Intermediate) crude oil futures, are a type of derivative contract that allows investors to trade the future delivery of light, sweet crude oil at a predetermined price. Learn about key information in the ticker, why traders choose to trade light crude oil futures, and the risks involved in trading.

The price of oil has a significant impact on the global economy, as it affects various sectors such as transportation, manufacturing, and energy production. The concept of LLS (Louisiana Light Sweet) oil price refers to the price of light sweet crude oil produced in the Gulf of Mexico region, specifically off the coast of Louisiana, USA. LLS oil is characterized by its low sulfur content and high API gravity, which makes it easier to refine into gasoline, diesel, and other petroleum-based products. It is a

Graph and download economic data for Spot Crude Oil Price: West Texas Intermediate (WTI) (WTISPLC) from Jan 1946 to Jun 2025 about WTI, crude, oil, price, and USA.

The price of CL oil, also known as Light Sweet Crude Oil, is influenced by global supply and demand dynamics, geopolitical events, economic indicators, and the production policies of major oil-producing countries. This article explains how these factors impact CL oil prices and their effects on the global oil market.

As of July 01, 2025, the price of one barrel of the Bonny Light crude oil in Nigeria reached **** U.S. dollars, which was a decrease of **** U.S dollars from the preceding month. Bonny Light crude oil is a high-grade crude oil produced in Nigeria that is known for its low sulfur content. A low sulfur content means low corrosive effects on the petroleum refinery infrastructure and a low environmental impact of the byproducts.

Explore the complexities influencing Louisiana Light Sweet crude pricing, including local supply-demand dynamics, refining capacities, and geopolitical factors, and how they reflect broader trends in the U.S. energy market.

加拿大 Crude Oil: Avg Price: Canada Light Sweet Edmonton在2018-08-27达486.160 CAD/Cub m，相较于2018-08-24的484.930 CAD/Cub m有所增长。加拿大 Crude Oil: Avg Price: Canada Light Sweet Edmonton数据按每日更新，2016-09-01至2018-08-27期间平均值为411.520 CAD/Cub m，共518份观测结果。该数据的历史最高值出现于2018-07-10，达575.680 CAD/Cub m，而历史最低值则出现于2017-06-22，为330.050 CAD/Cub m。CEIC提供的加拿大 Crude Oil: Avg Price: Canada Light Sweet Edmonton数据处于定期更新的状态，数据来源于Kent Group Ltd.，数据归类于Daily Database的Commodity Prices and Futures – Table CA.DP001: Average Price: Crude Oil。

Crude Oil Price: Indonesia data was reported at 61.320 USD/Barrel in Jul 2019. This records an increase from the previous number of 60.990 USD/Barrel for Jun 2019. Crude Oil Price: Indonesia data is updated monthly, averaging 42.500 USD/Barrel from Dec 1991 (Median) to Jul 2019, with 332 observations. The data reached an all-time high of 134.960 USD/Barrel in Jul 2008 and a record low of 9.990 USD/Barrel in Dec 1998. Crude Oil Price: Indonesia data remains active status in CEIC and is reported by Directorate General of Oil and Gas. The data is categorized under Global Database’s Indonesia – Table ID.PC001: Retail Price: By Major Commodities.

The West Texas Intermediate (WTI) rate refers to the price of crude oil produced in the United States. It is one of the most commonly referenced benchmarks for oil pricing globally. WTI crude oil is a light, sweet crude oil that is easier and less expensive to refine into gasoline compared to other types of crude oils. This article explains how the WTI rate is determined, factors that influence it, and its significance in the global oil market and economy.

On April 20th, 2020, the price of West Texas Intermediate crude oil slumped into negative for the first time in history, falling to negative 37.63 U.S. dollars per barrel. The ongoing coronavirus pandemic has had a catastrophic impact on the global oil and gas industry. Declining consumer demand and high levels of production output are threatening to exceed oil storage capacities, which resulted in the lowest ever oil prices noted between April 20th and April 22nd.

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In 2024, Dubai Fateh had an average price of 79.61 U.S. dollars per barrel, down from the 82.09 U.S. dollars per barrel compared to the previous year. Dubai Crude (Fateh) oil price Dubai Crude (Fateh) is the most important crude oil benchmark for Asia. Dubai Crude originated in Dubai in the Persian Gulf. Another name for this crude oil is Fateh. The name Fateh comes from an offshore oil field, located some 60 miles from Dubai, and is, therefore, part of the United Arab Emirates. One of the advantages of Dubai Crude compared to other Persian Gulf crude oils, and a main reason why it is used as an oil marker, is its instant availability. Dubai Crude, behind West Texas Intermediate (WTI) and UK Brent, is one of the lighter crude oils. On the other hand, Dubai Crude contains some two percent of sulphur, and thus is part of the so-called sour crude oils. In comparison, UK Brent contains 0.37 percent of sulphur, which means it is a so-called sweet crude oil. The refining of sour and heavier oils is always more expensive than it is for sweeter and lighter oils. Dubai Crude, the same as OPEC oils, is mostly refined and traded in the Asian region. The other two crucial oil benchmarks are West Texas Intermediate (WTI), which is especially important for North America, and UK Brent (Brent Crude), which dominates the European oil market. Such benchmarks are essential for referencing the many types and grades of oil on the worldwide market.With the exception of the years 2009 and 2010, there was a stable increase in the price for one barrel of Dubai-Fateh crude oil in the last ten years, until 2015, when the price dropped by half. The mean price per barrel stood at approximately 24 U.S. dollars in 2002. By 2012, this price had increased to more than 109 U.S. dollars, but dropped to 51.20 U.S. dollars per barrel 2015.