Created
: 2025.10.21
- 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 bullish at European opening
World FX news
Breaking news
Crude Oil price today: WTI price bullish at European opening
New
2025.10.21 15:03
2025.10.21 15:03
2025.10.21 15:03
West Texas Intermediate (WTI) Oil price advances on Tuesday, early in the European session. WTI trades at $57.00 per barrel, up from Monday's close at $56.92.
Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $60.80 price posted on Monday, and trading at $60.88.
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
: 2025.10.21
Related articles
Oil declines on rising supply glut fears - ING
32 minutes agoCrude oil price today: WTI price bullish at European opening
2025.11.13 16:02WTI drifts higher to near $58.50 as US government reopens
2025.11.13 13:08WTI edges lower after three-day rally; OPEC report signals ample supply ahead
2025.11.12 22:32Refined products push Oil higher - ING
2025.11.12 17:36Crude Oil price today: WTI price bearish at European opening
2025.11.12 16:10
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
AUD: Labor market report provides little justification for December cut - Commerzbank
The Australian labour market report for October, published this morning, contained some positive surprises, Commerzbank's FX analyst Michael Pfister notes.
New
2025.11.13 18:08EUR: Consensus still seemingly bullish - ING
Near-term, EUR/USD continues to test 1.160, though we see a sustained move higher as premature without softer US data, with range-bound trading likely to persist, ING's FX analyst Francesco Pesole notes.
New
2025.11.13 18:01Aluminium continues to rally on supply concerns - ING
Aluminium continues to rally this week on the LME with prices trading above $2,900/t this morning. Aluminium has gained more than 13% this year. It is the third-strongest performer on the LME after Copper and tin this year, ING's commodity experts Ewa Manthey and Warren Patterson note.
New
2025.11.13 17:53DXY: Mild bullish momentum on daily chart fades - OCBC
US Dollar (USD) traded mixed overnight with softness seen vs. major FX while USD traded modestly firmer vs. most Asian FX including Japanese Yen (JPY). Dollar Index (DXY) was last at 99.32 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New
2025.11.13 17:51Oil declines on rising supply glut fears - ING
NYMEX WTI continues to edge lower in the early trading session today after falling by more than 4% to settle around $58.5/bbl yesterday. The decline was largely driven by OPEC's revised surplus expectations for the global Oil market, along with a bearish inventory report from the API.
New
2025.11.13 17:40US: Government shutdown ends but another looms in January - UOB Group
After a record 6-week (43-days) government shutdown, on Wed (12 Nov), the US House of Representatives voted 222 to 209 to pass the interim funding bill to reopen the US government, which President Trump signed into law on the same day.
New
2025.11.13 17:32EUR/JPY Price Forecast: Hits record highs near 180.00 on bullish breakout
EUR/JPY extends its winning streak for the fifth successive session, trading near a fresh all-time high of 179.82 during the European hours on Thursday. The currency cross breaks above the upper resistance of an ascending wedge pattern, signalling strong buying pressure and a bullish breakout.
New
2025.11.13 17:29Pound Sterling faces pressure on modest UK Q3 GDP growth
The Pound Sterling (GBP) continues to underperform its major currency peers as weaker-than-projected United Kingdom (UK) preliminary Gross Domestic Product (GDP) data has prompted economic concerns further.
New
2025.11.13 17:21Forex Today: Markets assess UK data, await comments from Fed policymakers
Here is what you need to know on Thursday, November 13:
New
2025.11.13 17:00Dow Jones futures rise after US ends government shutdown
Dow Jones futures added 0.24% to trade above 48,450 during European hours ahead of the opening of the United States (US) regular session on Thursday. Moreover, the S&P 500 futures and Nasdaq 100 gained by 0.23% and 0.36%, with trading near 6,900 and 25,700, respectively.
New
2025.11.13 17:00Disclaimer:
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
