Created
: 2025.10.10
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Crude oil price today: WTI price bearish at European opening
World FX news
Breaking news
Crude oil price today: WTI price bearish at European opening
New
2025.10.10 15:07
2025.10.10 15:07
2025.10.10 15:07
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $60.99 per barrel, down from Thursday's close at $61.16.
Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $64.82 after its previous daily close at $64.99.
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.
Last updated
: 2025.10.10
Related articles
US President Donald Trump: Not considering giving Ukraine Tomahawk missiles
26 minutes agoOPEC+ agrees to pause output hikes next year amid glut fears
46 minutes agoWTI rises amid modest recovery, OPEC+ output increase caps gains
2025.11.01 02:13Russia continues to export large quantities of crude Oil - Commerzbank
2025.10.31 20:48US inventories of crude Oil and Oil products fell significantly - Commerzbank
2025.10.31 20:45Reuters' Poll: US crude oil to average $64.83 in 2025 vs $64.39 forecast in September
2025.10.31 20:16
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?
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.
Most viewed
US President Donald Trump: Not considering giving Ukraine Tomahawk missiles
US President Donald Trump said late Sunday that he's not really considering giving Ukraine Tomahawk missiles.
New
2025.11.03 08:42RBNZ says large banks well placed to withstand solvency, liquidity impact of severe scenario
The Reserve Bank of New Zealand (RBNZ) published its 2025 bank stress test results, saying that the country's five largest banks are well placed to withstand the solvency and liquidity impact of a severe scenario caused by worsening geopolitical risks.
New
2025.11.03 08:34OPEC+ agrees to pause output hikes next year amid glut fears
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday agreed to a modest oil output hike for December and a pause output increases in the first quarter (Q1) of next year, Reuters reported on Sunday.
New
2025.11.03 08:21USD/JPY holds positive ground above 154.00 on Powell's cautious remarks
The USD/JPY pair trades with mild gains near 154.05 during the early Asian session on Monday. The Japanese Yen (JPY) softens against the US Dollar (USD) as the Bank of Japan (BoJ) disappointed traders hoping for a more hawkish stance on future rate hikes.
New
2025.11.03 08:05Dow Jones Industrial Average week-long stall continues on Friday
The Dow Jones Industrial Average (DJIA) is poised to end the trading week near where it started, with price action churning familiar territory around the 47,500 region.
2025.11.01 03:45EUR/USD slides to three-month low as Fed's hawkish tone fuels US Dollar rally
The Euro (EUR) weakens further against the US Dollar (USD) on Friday, with EUR/USD slipping to a three-month low. The pair remains under pressure as the Greenback draws support from the Federal Reserve's (Fed) hawkish tone after delivering a widely expected 25-basis-point rate cut earlier this week.
2025.11.01 03:21GBP/USD falls to seven-month low amid UK fiscal concerns, Fed hawkish tone
GBP/USD extends its downward momentum, touching a new seven-month low at 1.3097 on Friday. The pair remains under persistent selling pressure as investors continue to favor the US Dollar (USD) amid reduced expectations of further Federal Reserve (Fed) easing.
2025.11.01 03:00WTI rises amid modest recovery, OPEC+ output increase caps gains
West Texas Intermediate (WTI) US Oil price rises to $60.50 per barrel on Friday, up 0.65% on the day, extending its rebound after two sessions of subdued trading.
2025.11.01 02:13Fed's Hammack: Would not have cut rates
Federal Reserve Bank of Cleveland President Beth Hammack is due to participate in a fireside chat at the Evolving Landscape of Bank Funding Conference hosted by the Federal Reserve Bank of Dallas on Friday.
2025.11.01 01:28Fed's Bostic: Mandates are in tension.
Federal Reserve Bank of Atlanta President Raphael Bostic is scheduled to participate in a fireside chat at the Evolving Landscape of Bank Funding Conference, hosted by the Federal Reserve Bank of Dallas.
2025.11.01 01:20Disclaimer:
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.
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
