| Spread | 0.030 | ||||||||
|
Long position overnight fee
Long position overnight fee
Go to platform | 0.074623% | ||||||||
|
Short position overnight fee
Short position overnight fee
Go to platform | -0.096543% | ||||||||
| Overnight fee time | 21:00 (UTC) | ||||||||
| Min traded quantity | 1 | ||||||||
| Currency | USD | ||||||||
| Margin | 0.5% | ||||||||
| Commission on trade | 0% |
*Information provided by Capital.com
| Date | Close | Change | Change (%) | Open | High | Low |
|---|---|---|---|---|---|---|
| Sep 28, 2023 | 93.708 | 0.599 | 0.64% | 93.109 | 94.239 | 93.109 |
| Sep 27, 2023 | 93.116 | 2.990 | 3.32% | 90.126 | 93.425 | 90.118 |
| Sep 26, 2023 | 90.122 | 0.773 | 0.87% | 89.349 | 90.282 | 87.829 |
| Sep 25, 2023 | 89.344 | -0.913 | -1.01% | 90.257 | 90.437 | 88.677 |
| Sep 24, 2023 | 90.266 | 0.377 | 0.42% | 89.889 | 90.280 | 89.879 |
| Sep 22, 2023 | 90.105 | 0.530 | 0.59% | 89.575 | 91.099 | 89.115 |
| Sep 21, 2023 | 89.579 | 0.484 | 0.54% | 89.095 | 90.839 | 88.262 |
| Sep 20, 2023 | 89.096 | -1.537 | -1.70% | 90.633 | 90.962 | 88.893 |
| Sep 19, 2023 | 90.628 | -0.420 | -0.46% | 91.048 | 92.372 | 90.272 |
| Sep 18, 2023 | 91.053 | 0.876 | 0.97% | 90.177 | 91.361 | 89.897 |
| Sep 17, 2023 | 90.182 | -0.112 | -0.12% | 90.294 | 90.318 | 90.058 |
| Sep 15, 2023 | 90.480 | 0.479 | 0.53% | 90.001 | 90.617 | 88.698 |
| Sep 14, 2023 | 90.005 | 1.851 | 2.10% | 88.154 | 90.263 | 88.135 |
| Sep 13, 2023 | 88.155 | -0.106 | -0.12% | 88.261 | 89.039 | 87.759 |
| Sep 12, 2023 | 88.256 | 1.455 | 1.68% | 86.801 | 88.768 | 86.720 |
| Sep 11, 2023 | 86.791 | 0.271 | 0.31% | 86.520 | 87.646 | 86.264 |
| Sep 10, 2023 | 86.515 | -0.115 | -0.13% | 86.630 | 86.656 | 86.465 |
| Sep 8, 2023 | 86.782 | 0.519 | 0.60% | 86.263 | 87.446 | 85.726 |
| Sep 7, 2023 | 86.257 | -0.971 | -1.11% | 87.228 | 87.288 | 85.929 |
| Sep 6, 2023 | 87.221 | 0.793 | 0.92% | 86.428 | 87.594 | 85.567 |
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 Trade The Triple Top
Welcome to Part 5 of our 7-part Power Patterns series. In this series, we'll be equipping you with the skills to trade some of the most indicative price patterns which occur on any timeframe in every market.
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In this week's instalment, we delve into the Break & Retest pattern—a strategic approach to navigating breakout trades. If you've wrestled with the frustration of false breakouts, incorporating this pattern into your trading toolkit may help you overcome this challenge and put you on the path to becoming a more confident and consistent trader.
11:59, 20 September 2023Learn 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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