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WTI

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    1.6679$
  • Previous Close
    1.7318$
  • 52 Week Change
    1.70$
  • Day Range
    -0.06$
  • 52 Week High/Low
    1.0762$ - 2.7722$
  • Dividend Per Share
    0.0238
  • Market cap
    255 M$
  • EPS
    -0.08
  • Beta
    0.696
  • Volume
    --

About

WTI.US represents the West Texas Intermediate crude oil futures contract traded on the New York Mercantile Exchange (NYMEX). WTI is a light, sweet crude oil and serves as a major benchmark price for oil in North America and globally. Investors and traders use WTI futures to speculate on the price of oil or to hedge against price fluctuations.

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Factors

Supply and Demand: Global oil supply, influenced by OPEC+ production decisions, US shale output, and geopolitical events, impacts WTI prices. Higher demand, driven by economic growth, seasonal factors, or unexpected events, also pushes prices upward.

Geopolitical Risk: Political instability in oil-producing regions, such as the Middle East or Venezuela, can disrupt supply and cause price spikes. International conflicts and sanctions also affect WTI.

Economic Indicators: Global economic health, particularly in major economies like the US and China, influences oil demand. Strong economic growth typically leads to higher demand and prices.

US Dollar Strength: As oil is priced in US dollars, a stronger dollar makes oil more expensive for buyers using other currencies, potentially lowering demand and prices, and vice versa.

Inventory Levels: Reports on crude oil and gasoline inventories, especially in the US, provide insights into supply and demand balances. Higher inventory levels often indicate lower demand or oversupply, which can pressure prices.

Refinery Activity: Refinery capacity utilization rates and planned maintenance schedules affect the demand for crude oil. Higher refinery activity generally increases demand for WTI and supports prices.

Weather Conditions: Extreme weather events, such as hurricanes in the Gulf of Mexico, can disrupt oil production and refining, leading to temporary price increases. Winter heating demand also influences oil prices.

Alternative Energy: Growth in renewable energy sources and adoption of electric vehicles can impact long-term oil demand and prices. Government policies supporting alternative energy also play a role.

Speculative Trading: Trading activity in oil futures markets can amplify price movements. Large institutional investors and hedge funds can influence prices through their buying and selling decisions.

OPEC+ Decisions: The Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) coordinate production policies. Their decisions on production cuts or increases significantly impact global oil supply and prices.

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