| Spread | 0.030 | ||||||||
|
Long position overnight fee
Long position overnight funding adjustment
Go to platform | 0.018238% | ||||||||
|
Short position overnight fee
Short position overnight funding adjustment
Go to platform | -0.040158% | ||||||||
| Overnight fee time | 21:00 (UTC) | ||||||||
| Min traded quantity | 1 | ||||||||
| Currency | USD | ||||||||
| Margin | 0.50% | ||||||||
| Commission on trade | 0% |
| Date | Close | Change | Change (%) | Open | High | Low |
|---|---|---|---|---|---|---|
| Oct 10, 2024 | 73.391 | 0.460 | 0.63% | 72.931 | 73.511 | 72.921 |
| Oct 9, 2024 | 72.928 | -0.607 | -0.83% | 73.535 | 74.044 | 71.231 |
| Oct 8, 2024 | 73.525 | -3.299 | -4.29% | 76.824 | 76.978 | 72.356 |
| Oct 7, 2024 | 76.818 | 3.276 | 4.45% | 73.542 | 78.010 | 73.412 |
| Oct 6, 2024 | 73.552 | -0.439 | -0.59% | 73.991 | 73.991 | 73.281 |
| Oct 4, 2024 | 74.122 | 0.513 | 0.70% | 73.609 | 75.200 | 73.218 |
| Oct 3, 2024 | 73.617 | 2.983 | 4.22% | 70.634 | 73.819 | 70.340 |
| Oct 2, 2024 | 70.644 | 0.041 | 0.06% | 70.603 | 72.252 | 69.687 |
| Oct 1, 2024 | 70.601 | 2.442 | 3.58% | 68.159 | 71.709 | 66.197 |
| Sep 30, 2024 | 68.157 | 0.042 | 0.06% | 68.115 | 69.147 | 67.420 |
| Sep 29, 2024 | 68.105 | -0.292 | -0.43% | 68.397 | 68.431 | 67.712 |
| Sep 27, 2024 | 68.480 | 1.257 | 1.87% | 67.223 | 68.504 | 66.942 |
| Sep 26, 2024 | 67.222 | -2.246 | -3.23% | 69.468 | 69.880 | 66.844 |
| Sep 25, 2024 | 69.458 | -2.003 | -2.80% | 71.461 | 71.600 | 69.145 |
| Sep 24, 2024 | 71.451 | 0.947 | 1.34% | 70.504 | 72.264 | 70.332 |
| Sep 23, 2024 | 70.504 | -0.430 | -0.61% | 70.934 | 71.691 | 69.391 |
| Sep 22, 2024 | 70.933 | -0.262 | -0.37% | 71.195 | 71.275 | 70.795 |
| Sep 20, 2024 | 71.204 | 0.175 | 0.25% | 71.029 | 71.406 | 70.343 |
| Sep 19, 2024 | 71.009 | 1.629 | 2.35% | 69.380 | 71.529 | 69.168 |
| Sep 18, 2024 | 69.390 | -0.575 | -0.82% | 69.965 | 70.333 | 68.617 |
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.
US Core CPI tipped to remain unchanged in September
US inflation expectations are steady, with core CPI projected to remain at 3.2% for September while headline inflation moderates to its lowest level since February 2021. Despite the US Federal Reserve delivering a 50 basis point interest rate cut in September, stronger-than-expected job market data has raised concerns about sustained economic demand and inflation pressures.
07:10, 9 October 2024RBNZ expected to deliver “jumbo” rate cut
The Reserve Bank of New Zealand is set to cut interest rates during its upcoming meeting, with expectations of either a 25 or 50 basis point reduction. This move follows a 25 basis point cut in August as the RBNZ responded to the country’s recessionary conditions and inflation concerns.
08:48, 8 October 2024September Non-Farm Payrolls eases fears of US economic slowdown
Markets are reacting with a US Dollar surge and a potential trend reversal, highlighting the impact of robust economic activity outside of monetary policy influences.
07:44, 8 October 2024Gold's recent story
Last week, we explored the key price drivers of gold, and how they impacted the price of the precious metal this year and last. Now, we’ll bring these factors to life in a chart, showing you ten instances the gold price responded to critical fundamental events, including central bank policies, global economic data, and geopolitical events.
15:36, 7 October 2024September US Non-Farm Payrolls Preview
Kyle Rodda, Senior Market Analyst at Capital.com, previews the US Non-Farm Payrolls report for September. The article discusses market expectations of a stable labor market with 150,000 new jobs, an unchanged unemployment rate of 4.2%, and steady annual wage growth at 3.8%. It also highlights potential rate cuts by the Federal Reserve, revisions to past payroll data, and the reaction of various markets such as the US Dollar, S&P 500, and gold.
07:59, 2 October 2024Market of the Month - Gold, an overview
In 2024, gold has been on an upward trajectory, hitting high after high as global markets face ongoing challenges. This precious metal, long seen as a safe haven, has been proving its worth, drawing attention from traders around the world as its bullish surge continues.
06:00, 30 September 2024RBA Preview: Rates to remain unchanged with inflation-fighting still the focus
RBA Governor Michelle Bullock emphasizes inflation challenges for Australia's economy, citing supply shocks and demand-supply imbalances. Discover insights on CPI trends, interest rates, and the central bank's strategy for managing price pressures in 2024.
12:27, 20 September 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
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