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Crude Oil WTI

US Crude Oil

US Crude Oil, commonly referred to as WTI (West Texas Intermediate), is a prominent global benchmark known for its high quality, influencing energy markets and worldwide economic trends.

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Annual change
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All time High / Low
1.35 / 126.34
Buy

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Sell

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Daily price range:
Low
70.6
High
72.27

US Crude Oil Contract Specifications

  • Minimum Spreads, points: 0
  • Contract Size per Lot: 1000
  • Swap type: Points
  • Swap Long: 1.39
  • Swap Short: -7.45
  • Margin Group: FX Majors
  • Margin Currency: USD
  • Tick size: 0
  • Trading Platform: MetaTrader 4
  • Minimum Volume: 0.01
  • Maximum Volume: 0
  • Trading Schedule EET: 00:00 - 23:59 Mon - Fri
  • Hedged Margin: 0
  • Days Swap: FX Wednesday, metals-indices-oil friday

History of US Crude Oil

The history of U.S. crude oil is marked by its transformation from a modest industry in the 19th century, with the first commercial well drilled in 1859, to a global energy powerhouse. The Spindletop discovery in Texas in 1901 kickstarted a significant boom, establishing the United States as a major oil-producing nation. Over the years, the U.S. played a pivotal role in shaping the global oil market, influencing both economic and geopolitical dynamics through its oil production and exports.

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Frequently Asked Questions

“US Crude Oil” refers to crude oil produced within the United States. It includes various types of crude oil extracted from domestic oil fields located across the country. The United States is one of the world’s largest producers of crude oil, and its production has a significant impact on global energy markets and the country’s own economy. US Crude Oil is often categorized by its quality and source, with West Texas Intermediate (WTI) and Brent Crude being two of the most well-known benchmarks. The term is commonly used in the context of energy trading, economics, and discussions about the global oil industry.

To trade U.S. Crude Oil, open an account with a brokerage that offers commodity trading, such as futures or CFDs. Research the market, develop a strategy, and manage risk carefully as oil prices can be volatile. Execute trades based on your analysis and monitor the market closely to make informed decisions.

The trading hours for US Crude Oil can be found here

Popular trading strategies for US Crude Oil include trend following, where traders follow the prevailing price direction; swing trading, capitalizing on short to medium-term price swings; day trading, making quick intraday trades; and breakout trading, entering positions when price breaks through support or resistance levels. Each strategy requires careful analysis and risk management due to the oil market’s inherent volatility and sensitivity to various factors like supply, demand, and geopolitical events.

When trading US Crude Oil, it’s crucial to consider several factors. Firstly, closely monitor global supply and demand dynamics, as shifts in production or consumption can affect prices. Keep an eye on geopolitical events, as conflicts or tensions in oil-producing regions can disrupt supply. Additionally, economic indicators like GDP growth, inflation, and interest rates can influence oil prices. Lastly, stay informed about weather events, as hurricanes and extreme weather can impact oil production and transportation in certain regions. Overall, a comprehensive understanding of these factors and diligent research is essential for successful crude oil trading.