| Spread | 0.040 | ||||||||
|
Long position overnight fee
Long position overnight funding adjustment
Go to platform | 0.044232% | ||||||||
|
Short position overnight fee
Short position overnight funding adjustment
Go to platform | -0.066152% | ||||||||
| Overnight fee time | 21:00 (UTC) | ||||||||
| Min traded quantity | 1 | ||||||||
| Currency | USD | ||||||||
| Margin | 10.00% | ||||||||
| Commission on trade | 0% |
| Date | Close | Change | Change (%) | Open | High | Low |
|---|---|---|---|---|---|---|
| Jul 26, 2024 | 78.319 | 0.221 | 0.28% | 78.098 | 78.412 | 78.005 |
| Jul 25, 2024 | 78.099 | 0.741 | 0.96% | 77.358 | 78.302 | 75.899 |
| Jul 24, 2024 | 77.358 | 0.094 | 0.12% | 77.264 | 78.077 | 76.864 |
| Jul 23, 2024 | 77.263 | -0.928 | -1.19% | 78.191 | 78.656 | 76.325 |
| Jul 22, 2024 | 78.192 | -0.836 | -1.06% | 79.028 | 79.118 | 77.527 |
| Jul 21, 2024 | 79.018 | 0.236 | 0.30% | 78.782 | 79.059 | 78.742 |
| Jul 19, 2024 | 78.697 | -2.205 | -2.73% | 80.902 | 81.442 | 78.662 |
| Jul 18, 2024 | 80.917 | -0.937 | -1.14% | 81.854 | 82.428 | 80.744 |
| Jul 17, 2024 | 81.869 | 2.034 | 2.55% | 79.835 | 81.889 | 79.578 |
| Jul 16, 2024 | 79.825 | -1.115 | -1.38% | 80.940 | 81.010 | 79.381 |
| Jul 15, 2024 | 80.952 | -0.333 | -0.41% | 81.285 | 81.471 | 80.569 |
| Jul 14, 2024 | 81.279 | -0.233 | -0.29% | 81.512 | 81.554 | 81.279 |
| Jul 12, 2024 | 81.306 | -0.768 | -0.94% | 82.074 | 82.714 | 81.241 |
| Jul 11, 2024 | 82.070 | 0.317 | 0.39% | 81.753 | 82.191 | 80.921 |
| Jul 10, 2024 | 81.746 | 0.624 | 0.77% | 81.122 | 81.954 | 80.243 |
| Jul 9, 2024 | 81.116 | -0.640 | -0.78% | 81.756 | 81.953 | 80.734 |
| Jul 8, 2024 | 81.750 | -0.982 | -1.19% | 82.732 | 82.732 | 81.615 |
| Jul 7, 2024 | 82.715 | 0.207 | 0.25% | 82.508 | 82.843 | 82.482 |
| Jul 5, 2024 | 82.935 | -0.557 | -0.67% | 83.492 | 84.044 | 82.638 |
| Jul 4, 2024 | 83.480 | 0.241 | 0.29% | 83.239 | 83.741 | 82.648 |
Calculate your hypothetical P&L if you had opened a CFD trade on a certain date (select a date) and closed on a different date (select a date).
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.
According to the historical US crude oil chart, the commodity reached a record low of $11 in December 1998 and a record high of $147.27 in June 2008.
Stay up-to-date with the latest market news and watch the US crude oil spot price live at Capital.com.
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.
Spot the best trading opportunities with the interactive crude oil price graph and numerous technical indicators at Capital.com.
With regard to the price of US crude oil, the commodity has witnessed a lot of volatility throughout its history, hitting some dramatic peaks and bottoms.
For many decades, due to its unique properties, US crude oil had traded at a dollar or two premium to Brent and the OPEC basket. However, because of the following Shale Revolution in the early 2000s, when WTI production increased, and more imports to the US from Canada, the commodity has started trading at a discount against its major counterparts.
At the start of 1999, it stood as low as $12 a barrel. During the following years, it had climbed steadily until it reached its all-time high of more than $147 a barrel in mid-2008. However, the bullish trend reversed in the second half of the same year, with the crude oil spot price falling as low as $37.80 a barrel in early 2009.
In 2017, the average price for WTI crude oil stood at $50.84 per barrel; in 2018 – at around $67.22. As for 2019, the commodity ended the year at $61 a barrel.
In general, the US crude oil rate significantly relies on the wider performance of the US economy. In addition, as with any other traded commodity, its value depends on the basic laws of supply and demand. For example, when supplies are tight, you can expect the price of oil to rise.
Discover the latest crude oil price and trace the historical value of the commodity over the years with Capital.com’s chart.
How to manage risk when trading
Learn what risk management is and find out how understanding about it could help you identify potential risks in your investment portfolio. Find out more.
06:57, 22 July 2024ECB preview: lack of new data sees markets expecting a hold
Markets expect the ECB to keep rates unchanged in July but expectations for a September cut rise
13:13, 18 July 2024What is an IPO and how does it work?
Learn about what an IPO is, why they are important, and how they work.
07:19, 10 July 2024What are the biggest stock exchanges worldwide?
Discover the largest stock exchanges in the world by market capitalisation, including the Nasdaq Stock Market, the New York Stock Exchange and the London Stock Exchange.
12:44, 9 July 2024Top ETFs
ETFs, or exchange-traded funds, offer traders a versatile gateway into the financial markets.
16:23, 8 July 2024Lloyds forecast: will Lloyds share price return to £1? Third party data forecast
What’s next for Lloyds amid higher inflation and the start of a potential recessionary cycle in the UK?
14:00, 8 July 2024RBNZ Preview: OCR expected to remain unchanged as central bank focuses on inflation
The Reserve Bank of New Zealand meets on Wednesday, July 10, 2024. We preview what to expect from the meeting and its possible impact on the NZD/USD.
13:25, 8 July 2024Learn more about US crude oil trading – from how the market works and what drives the prices, to different types of instruments and trading strategies. Read on to find out how to trade crude oil with CFDs on Capital.com.
Learn more about US Crude Oil Spot
Join the 630,000+ traders worldwide that chose to trade with Capital.com
