US Crude Oil Spot Live Price Chart | Trade Oil - Crude

Crude Oil

US crude oil is one of the world's most valuable commodities available for trade. Also known as West Texas Intermediate (WTI) or Texas light sweet, it is a popular investment tool used by international investors seeking true asset class diversification in their portfolio. The commodity is often seen as a hedge against any financial uncertainty, inflation, deflation or currency devaluation.

WTI is a benchmark that serves as a reference price for sellers and buyers of crude oil across the United States. Due to its relatively low density and low sulphur content, it is generally considered lighter and sweeter than Brent, making it ideal for gasoline refining.

US crude oil is a blend of several American streams of light sweet crude oils. It is sourced from several oil fields, including those in Texas, North Dakota and Louisiana, and refined in the Midwest and Gulf Coast regions. Cushing, Oklahoma, is the major trading hub for US crude oil.

Even though WTI is considered the highest-quality light sweet crude available, it is not the most used oil worldwide. This is due to the land-locked supply allocation, which makes its transportation around the globe more difficult and expensive than that of water-borne Brent.

Trade US Crude Oil Spot (Oil - Crude) CFDs

US Crude Oil Spot (ticker: Oil - Crude) is a commodity market instrument that reflects the price of a specific raw material or natural resource. On Capital.com, it can be traded as a contract for difference (CFD) which lets you speculate on price changes without taking ownership of the physical asset. This means you can go long or short depending on how you think the market will move.*

Many traders follow the US Crude Oil Spot price today to stay alert to short-term shifts in market sentiment.

*CFDs are traded on margin. Leverage amplifies both profits and losses.

US Crude Oil Spot price today

The instrument is quoted in $ and is currently trading around 57.350.

Live price overview

Below is an overview of the current US Crude Oil Spot price and its recent trading ranges.

Daily range: 57.118 – 58.45
Daily movement: -0.482 (-0.8505%)
Weekly range: 56.609 – 58.812
Monthly range: 54.877 – 60.278
Yearly range: 54.83 – 79.577

Why trade commodity CFDs on the price of US Crude Oil Spot with Capital.com?

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What influences the price of US Crude Oil Spot?

The US Crude Oil Spot (Oil - Crude) price may be influenced by several market factors, including:

Supply and demand dynamics
Global economic conditions
Geopolitical events affecting production or transport
Seasonal trends
Market sentiment and risk appetite
Currency fluctuations

These factors can interact in complex ways, contributing to both short-term movements and longer-term trends.

US Crude Oil Spot price forecasts

US Crude Oil Spot price forecasts commonly reference recent news, company updates, and broader economic factors rather than fixed price targets. You can use a combination of technical analysis and fundamental insights to form a view of potential future price movements. However, analyst forecasts are often inaccurate and past performance is not a reliable indicator of future results.

Instead of relying on a single outlook, some traders monitor ongoing analysis and real-time data to respond to changing market conditions.