US oil price

West Texas Intermediate (WTI) is a sweet crude oil used in pricing oil on the NYMEX futures market in New York. The price of US oil is linked to the dollar, this page displays information about US oil prices and the most important indicators and charts related to US oil prices.

WTI oil price now

68.54

0.112 (0.16%)
USOil
  • Highest price 69.10
  • Lowest price 67.97
  • Opening price 68.43
Thursday 05 December - Last update

US oil USD - WTI/USD Chart

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technical-data

US Oil Price Analysis - WTI

Technical indicators indicate To falling prices US Oil / USD

  • Moving averages give a signal Strong selling
    • 1 middle : Signal Buy
    • 11 Averages: Signal Sell
  • Other technical indicators give a signal Neutral
    • 3 Indicators : Signal Buy
    • 3 Indicators : Signal Sell
The most important points of support and resistance for US oil prices - West Texas Oil
Type
Support 3
Support 2
Support 1
Pivot
Resistance 1
Resistance 2
Resistance 3
traditional
67.01
67.11
67.27
67.37
67.53
67.63
67.79
Fibonacci
67.11
67.21
67.27
67.37
67.47
67.53
67.63
Camarilla
67.37
67.39
67.42
67.37
67.46
67.49
67.51
Woodies
67.05
67.12
67.31
67.38
67.57
67.65
67.83

Last update 06 December 2024 05:00pm

The most frequently asked questions about US oil and US oil prices
Nymex crude oil, or American oil, is called West Texas Intermediate crude oil futures, or NYMEX WTI, the most liquid and actively traded crude oil contract in the world. Its contracts are traded through the New York Mercantile Exchange, or what is symbolized by Nymex, or NYMEX. NYMEX is the largest commodity futures exchange in the world and today is part of the Chicago Mercantile Exchange Group (CME Group), which includes NYMEX, CME, CBOT and COMEX.
The following five countries are considered among the largest importers of total US oil exports, with their share of total exports according to the latest 2019 statistics:
  • Mexico (14%)
  • Canada (12%)
  • Japan (7%)
  • South Korea (7%)
  • Brazil (6%)
Oil is one of the strategic commodities whose prices are affected and influenced by many major economies in the world, in addition to political changes, conflicts, and in general, oil contracts, like any other commodity, are directly affected by the size of the supply or product of it, and the size of the demand for it in return, that is, the influence The main thing on prices is supply and demand.
As an indirect effect, the following three factors can be mentioned:
  • The role played by OPEC, the oil-producing organization, in trying to price a barrel of oil by determining the volume of oil supplies
  • Economic growth and increased industrial activity in major economies lead to increased demand for oil
  • Major economic reports have a short-term impact on oil prices, such as the American Petroleum Institute's weekly US inventory report
The United States of America is the largest oil producing country in the world, with an average of 17.87 million barrels per day, representing 18% of global production.
What is the average price of US oil extraction?
US crude oil inventories rose by 0.501 million barrels in the week ending October 2, 2020 and currently stand at 492.9 million barrels, after three consecutive weeks of decline according to the US Energy Information Administration (EIA) report.
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