Global price of WTI Crude
POILWTIUSDM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.54
Year-over-Year Change
-14.24%
Date Range
1/1/1990 - 6/1/2025
Summary
The global price of West Texas Intermediate (WTI) Crude Oil is a key benchmark for oil prices worldwide. It is a crucial economic indicator that reflects global energy supply, demand, and geopolitical factors.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
WTI Crude Oil is a high-quality, light crude oil grade that serves as the underlying commodity for oil futures contracts traded on the New York Mercantile Exchange (NYMEX). The WTI price is widely used by policymakers, analysts, and businesses to assess the health of the global energy market.
Methodology
The WTI price is determined by spot market trading and reflects the daily bidding and offers of buyers and sellers.
Historical Context
Changes in the WTI price can have significant impacts on inflation, consumer spending, and overall economic activity.
Key Facts
- WTI Crude is a light, sweet oil grade produced in the United States.
- The WTI price is considered a benchmark for North American oil markets.
- Changes in the WTI price can significantly impact consumer and producer prices.
FAQs
Q: What does this economic trend measure?
A: The global price of West Texas Intermediate (WTI) Crude Oil, a key benchmark for oil prices worldwide.
Q: Why is this trend relevant for users or analysts?
A: The WTI price is a crucial economic indicator that reflects global energy supply, demand, and geopolitical factors, with significant impacts on inflation, consumer spending, and overall economic activity.
Q: How is this data collected or calculated?
A: The WTI price is determined by spot market trading and reflects the daily bidding and offers of buyers and sellers.
Q: How is this trend used in economic policy?
A: Changes in the WTI price are closely monitored by policymakers, analysts, and businesses to assess the health of the global energy market and its broader economic implications.
Q: Are there update delays or limitations?
A: The WTI price is updated daily based on real-time trading activity, with minimal delays or limitations.
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Citation
U.S. Federal Reserve, Global price of WTI Crude (POILWTIUSDM), retrieved from FRED.