Description
The NYMEX WTI Crude Oil Futures Price, published by the New York Mercantile Exchange (NYMEX), reflects the market's expectations for the price of West Texas Intermediate (WTI) crude oil at a specific future date. WTI is a light, low-sulfur crude oil primarily extracted in inland regions of the United States. Due to its lower viscosity and relatively simple desulfurization process, WTI is easier to refine and has lower refining costs compared to heavier, high-sulfur crude oils. These characteristics typically result in higher demand for WTI, particularly in the U.S. market.
When global demand increases due to economic expansion or supply constraints, WTI futures prices tend to rise. Conversely, prices may decline when demand decreases due to economic slowdown or supply surpluses.
This data is published daily, providing the latest WTI crude oil futures prices from market trading.