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Symbols / WTI_CRUDE

WTI_CRUDE

Name: WTI_CRUDE — WTI Crude Oil Spot Price
Creator: Energy API
License: https://energy-api.on-forge.com/terms

WTI Crude Oil Spot Price

West Texas Intermediate crude oil spot price (Dollars per Barrel). US benchmark for crude oil.

Oil Active

Country

USD

Frequency

daily

Update cadence

What is WTI Crude Oil Spot Price (WTI_CRUDE)?

WTI Crude Oil Spot Price is a crude oil benchmark price — the spot market price for a globally traded crude oil grade. Crude oil is priced by quality (API gravity, sulfur content) and delivery point, with Brent and WTI as the two dominant world benchmarks.

Crude oil prices are the foundational input for the entire energy complex — they drive fuel prices, petrochemical feedstock costs, and energy company revenues. Most energy commodity prices are correlated with crude. Geopolitical events, OPEC production decisions, and macroeconomic demand outlooks are primary price drivers.

Brent (North Sea) is the global benchmark, priced in USD/barrel
WTI (West Texas Intermediate) is the US benchmark
Priced in USD/barrel (bbl), 1 barrel = 159 liters
OPEC+ production decisions are a key supply driver

Uses and Related Industries

Primary Industries

Oil & Gas Producers: Revenue and hedging decisions for upstream E&P companies based on Brent and WTI benchmarks.

Refiners & Petrochemicals: Crude input cost management and product crack spread optimization.

Airlines & Shipping: Jet fuel and bunker fuel cost hedging linked to crude oil benchmark prices.

Commodity Trading & Hedge Funds: Brent-WTI spread trading, calendar spreads, and macro oil positioning.

Energy-Intensive Manufacturers: Plastics, fertilizers, and transport sectors tracking crude as the primary feedstock cost driver.

Specific Applications

Oil producer revenue hedging using futures and swaps vs. spot benchmarks
Refinery margin (crack spread) monitoring and optimization
Brent-WTI differential tracking for arbitrage and logistics decisions
Jet fuel and bunker cost forecasting for airlines and shipping companies
Macroeconomic oil price scenario modeling for energy company valuations

API Usage Examples for WTI_CRUDE

Click each endpoint to see the request URL, parameters, and a sample response.

API Request

https://energy-api.com/api/v1/latest?api_key=YOUR_API_KEY&symbols=WTI_CRUDE

Request Parameters

Parameter	Required	Description
api_key	required	Your API key.
symbols	required	Comma-separated symbol codes. E.g. WTI_CRUDE

Sample Response

{
    "success": true,
    "date": "2026-06-13",
    "rates": {
        "WTI_CRUDE": 50
    },
    "dates": {
        "WTI_CRUDE": "2026-06-13"
    }
}

API Request

https://energy-api.com/api/v1/historical?api_key=YOUR_API_KEY&symbols=WTI_CRUDE&date=2026-06-13

Request Parameters

Parameter	Required	Description
api_key	required	Your API key.
symbols	required	Symbol code(s). E.g. WTI_CRUDE
date	required	Date in YYYY-MM-DD format.

Sample Response

{
    "success": true,
    "historical": true,
    "date": "2026-06-13",
    "rates": {
        "WTI_CRUDE": 50
    }
}

API Request

https://energy-api.com/api/v1/timeseries?api_key=YOUR_API_KEY&symbols=WTI_CRUDE&start=2026-05-21&end=2026-06-20

Request Parameters

Parameter	Required	Description
api_key	required	Your API key.
symbols	required	Symbol code(s). E.g. WTI_CRUDE
start	required	Start date (YYYY-MM-DD). Query param name is start.
end	required	End date (YYYY-MM-DD). Query param name is end.

Sample Response

{
    "success": true,
    "symbols": [
        "WTI_CRUDE"
    ],
    "rates": {
        "2026-05-21": {
            "WTI_CRUDE": 50
        },
        "2026-06-20": {
            "WTI_CRUDE": 50
        }
    }
}

API Request

https://energy-api.com/api/v1/fluctuation?api_key=YOUR_API_KEY&symbols=WTI_CRUDE&start=2026-05-21&end=2026-06-20

Request Parameters

Parameter	Required	Description
api_key	required	Your API key.
symbols	required	Symbol code(s). E.g. WTI_CRUDE
start	required	Start date (YYYY-MM-DD). Query param name is start.
end	required	End date (YYYY-MM-DD). Query param name is end.

Sample Response

{
    "success": true,
    "fluctuation": {
        "WTI_CRUDE": {
            "start_rate": 50,
            "end_rate": 50.12,
            "change": 0.12,
            "change_pct": 0.24
        }
    }
}

API Request

https://energy-api.com/api/v1/ohlc?api_key=YOUR_API_KEY&symbols=WTI_CRUDE&start=2026-05-21&end=2026-06-20&period=monthly

Request Parameters

Parameter	Required	Description
api_key	required	Your API key.
symbols	required	Symbol code. E.g. WTI_CRUDE
start	required	Start date (YYYY-MM-DD).
end	optional	End date (YYYY-MM-DD). Defaults to today.
period	optional	Grouping: monthly (default), weekly, quarterly.

Sample Response

{
    "success": true,
    "symbol": "WTI_CRUDE",
    "period": "monthly",
    "ohlc": [
        {
            "period": "2026-05",
            "open": 50,
            "high": 50.25,
            "low": 49.9,
            "close": 50.12,
            "data_points": 21
        }
    ]
}

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Factors Influencing WTI_CRUDE

Market Factors

OPEC+ production quotas and compliance rates
US shale oil production levels and rig count trends
Global crude oil inventory levels (IEA, EIA weekly reports)
Refinery crude run rates and product crack spreads

Technical Factors

Brent-WTI differential driven by logistics and quality differences
Futures curve structure (contango vs. backwardation) signaling supply/demand balance
Speculative positioning of managed money (COT reports)
Options market gamma positioning and implied volatility term structure