Select Language

Crude Oil price today: WTI price bullish at European opening

blockHeadVisual
  1. HOME
  2. Get information
  3. World FX news
  4. Crude Oil price today: WTI price bullish at European opening

World FX news

search
Breaking news

Crude Oil price today: WTI price bullish at European opening

  • X
  • facebook
  • LINE
  • RSS
  • X
  • facebook
  • LINE
  • RSS
New update 2025.09.22 15:12
Crude Oil price today: WTI price bullish at European opening

update 2025.09.22 15:12

West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $62.74 per barrel, up from Friday's close at $62.33.
Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $66.12.

WTI Oil FAQs

WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as "light" and "sweet" because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered "The Pipeline Crossroads of the World". It is a benchmark for the Oil market and WTI price is frequently quoted in the media.

Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak global growth. Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa.

The weekly Oil inventory reports published by the American Petroleum Institute (API) and the Energy Information Agency (EIA) impact the price of WTI Oil. Changes in inventories reflect fluctuating supply and demand. If the data shows a drop in inventories it can indicate increased demand, pushing up Oil price. Higher inventories can reflect increased supply, pushing down prices. API's report is published every Tuesday and EIA's the day after. Their results are usually similar, falling within 1% of each other 75% of the time. The EIA data is considered more reliable, since it is a government agency.

OPEC (Organization of the Petroleum Exporting Countries) is a group of 12 Oil-producing nations who collectively decide production quotas for member countries at twice-yearly meetings. Their decisions often impact WTI Oil prices. When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices. When OPEC increases production, it has the opposite effect. OPEC+ refers to an expanded group that includes ten extra non-OPEC members, the most notable of which is Russia.

Date

Created

 : 2025.09.22

Update

Last updated

 : 2025.09.22

Related articles

Show more

Writer

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?
No loading Yes loading

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Previous article

prev

EUR/JPY Price Forecast: Crucial resistance level emerges near 174.50

Next article

WTI climbs toward $63.00 as tensions rise in Europe, Middle East

prev

Most viewed

USD/CHF trades calmly around 0.7920, SNB's interest rate policy comes under spotlight

The USD/CHF pair trades broadly calm around 0.7920 during the late Asian session on Tuesday. The Swiss Franc pair consolidates as the US Dollar (USD) wobbles after Federal Reserve (Fed) Chair Jerome Powell signaled caution on interest rate cuts amid growing risks to the dual mandate.
New
update2025.09.24 14:20

US Dollar Index rises to near 97.50 due to risk-off sentiment, Fed caution

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after two days of losses and trading around 97.30 during the Asian hours on Wednesday.
New
update2025.09.24 14:12

FX option expiries for Sept 24 NY cut

FX option expiries for Sept 24 NY cut at 10:00 Eastern Time via DTCC can be found below.
New
update2025.09.24 14:03

Gold remains close to all-time high amid Fed rate cut bets and geopolitical risks

Gold (XAU/USD) reverses a modest Asian session dip to the $3,750 area and, for now, seems to have stalled its retracement slide from the all-time peak touched the previous day.
New
update2025.09.24 14:03

WTI holds losses near $63.50 despite growing supply concerns

West Texas Intermediate (WTI) Oil price edges lower after registering more than 2% in the previous session, trading around $63.50 per barrel during the Asian hours on Wednesday.
New
update2025.09.24 13:47

USD/INR strengthens as FIIs outflow, US H-1B visa fees hike weigh on Indian Rupee

The Indian Rupee (INR) refreshes its all-time low around 89.10 against the US Dollar (USD) at open on Wednesday.
New
update2025.09.24 13:45

GBP/USD softens to near 1.3500 on weaker UK PMI data

The GBP/USD pair loses ground to near 1.3510 during the early European session on Wednesday. The Pound Sterling (GBP) weakens against the US Dollar (USD) on downbeat UK S&P Global Purchasing Managers' Index (PMI) data for September.
New
update2025.09.24 13:39

India Gold price today: Gold steadies, according to FXStreet data

Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet.
New
update2025.09.24 13:35

EUR/USD weakens below 1.1800 ahead of German IFO survey release

The EUR/USD pair edges lower to around 1.1800, snapping the two-day winning streak during the Asian trading hours on Wednesday. The downtick of the major pair is pressured by a rebound in the US Dollar (USD) after the Federal Reserve (Fed) Chair Jerome Powell's speech.
New
update2025.09.24 12:59

Japanese Yen weakens as softer PMI data adds to BoJ rate hike uncertainty

The Japanese Yen (JPY) edges lower during the Asian session after a private survey showed this Wednesday that manufacturing sector activity in Japan fell at the fastest pace in six months in September.
New
update2025.09.24 12:36

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

arw
  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Line

Line
Facebook

Facebook
X

Twitter
Cancel