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WTI crude price today: live

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WTI (West Texas Intermediate) is the US oil benchmark, delivered at Cushing, Oklahoma. It is lighter and sweeter than Brent. US shale (Permian Basin, ~6.5M bpd) is the dominant marginal supply source. ExxonMobil acquired Pioneer Natural Resources (closed May 3, 2024, $60B), making XOM the dominant Permian operator.

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Price history

WTI Crude price chart

WTI Crude (TVC)USD/bbl
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WTI Crude E&P stocks

Major producers

Source: Yahoo Finance + SEC EDGARFull screener →
#CompanyCommodity revenuePrice24h %YTD1YGeography
01
XOM
ExxonMobil
Acquired Pioneer Natural Resources May 3, 2024 ($60B). Now dominant Permian operator (~1.3M boe/d Permian alone). Guyana (Stabroek, 45% stake) is the high-growth offshore asset. $20B/yr buyback program.
~65%
————USA (Permian) · Guyana · Global
02
CVX
Chevron
Acquired Hess July 18, 2025 ($53B) after ICC arbitration win on Guyana Stabroek pre-emption. Now holds 30% of Stabroek Block (11+ Bnboe). DJ Basin, Permian, Gulf of Mexico.
~68%
————USA · Guyana · Kazakhstan · Global
03
COP
EOG Resources
Disciplined E&P focused on Permian, Eagle Ford, Utica, and international. Consistently among the lowest-cost US operators. Strong free cash flow and dividend growth track record.
~82%
————USA (Permian · Eagle Ford) · Global
04
CVX
Occidental Petroleum
Acquired CrownRock August 2024 ($12B). Berkshire Hathaway holds ~28%. Permian largest position; also Gulf of Mexico and international. OxyChem chemical segment provides earnings diversification.
~55%
————USA (Permian) · UAE · Oman · Colombia
05
XOM
Canadian Natural Resources
Canada's largest oil producer. Acquired Chevron Athabasca Oil Sands (20% AOSP) October 2024. Now 90% AOSP owner. Also Duvernay light oil. Long-life, low-decline oil sands assets.
~75%
————Canada (Athabasca · Duvernay)
06
COP
ConocoPhillips
Acquired Marathon Oil November 2024 ($22.5B). Added Eagle Ford, Bakken, Permian + Equatorial Guinea LNG. Now second-largest US independent by production.
~72%
————USA (Permian · Eagle Ford · Bakken) · Norway · Qatar · Global
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WTI Crude ETFs

Top funds by AUM

Source: Yahoo Finance + ETF issuer pagesAll wti crude ETFs →
TickerFundStructureExpense ratioAUMYTD1Y
USO
United States Oil Fund
USCF
Futures0.60%———
USL
United States 12 Month Oil Fund
USCF
Futures0.85%———
XLE
Energy Select Sector SPDR
State Street
Miners0.09%———
XOP
SPDR S&P Oil & Gas E&P ETF
State Street
Miners0.35%———
UCO
ProShares Ultra Bloomberg Crude
ProShares
Futures0.95%———
OIH
VanEck Oil Services ETF
VanEck
Miners0.35%———

How wti crude prices move

What’s moving this market

Structural fundamentals · Reviewed annually
Supply

US shale is the marginal global oil supplier

US crude production ~13M bpd in 2026, the highest in history. The Permian Basin (~6.5M bpd) is the dominant growth basin. Post-consolidation, ExxonMobil + Pioneer, Chevron + Hess, ConocoPhillips + Marathon, and Occidental + CrownRock control the majority of Permian growth. Production is responsive to price but lead times of 6-12 months limit immediate supply response.

EIA Short-Term Energy Outlook
Demand

Cushing inventory and refinery utilization are the signals

WTI is delivered physically at Cushing, Oklahoma. When Cushing inventory builds, WTI weakens vs Brent (widening the spread). When Cushing draws, WTI tightens. US refinery utilization (Thursday EIA release) and weekly crude inventory data are the two most market-moving domestic data releases.

EIA Weekly Petroleum Status Report
Policy and macro

SPR refill, Hormuz, and shale export capacity are the policy variables

US Strategic Petroleum Reserve (SPR) was drawn from 727M bbl (2021) to ~347M bbl (2023) and is being refilled slowly. The SPR ceiling for purchases (~$70-80/bbl) provides a price floor signal. Hormuz disruptions add a geopolitical premium to Brent, which also lifts WTI. Permian pipeline and LNG export capacity remain periodic bottlenecks.

DOE SPR · EIA STEO

Key market data

WTI Crude fundamentals

Cushing Inventory
~28M bbl

Cushing, Oklahoma is the NYMEX WTI delivery point. Normal range 20-35M bbl. When Cushing fills (>50M bbl), WTI futures can go to extreme contango or even negative (as in April 2020). Current level is mid-range.

EIA Weekly Petroleum Status Report · Thursday
OPEC+ Production Policy
UAE departed May 2026

OPEC+ coordinates production cuts covering ~40% of global supply. UAE departed OPEC effective May 1, 2026 (~1.3M bpd of spare capacity no longer in the OPEC framework). Saudi Arabia spare capacity ~2-3M bpd remains the key buffer.

OPEC press releases · IEA Oil Market Report
US Strategic Petroleum Reserve
~400M bbl

SPR was drawn heavily in 2022 (from 727M to 347M bbl) to combat energy inflation. Refilling at $70-80/bbl ceiling. ~400M bbl as of mid-2026. Full capacity is 714M bbl.

DOE SPR weekly status
US Crude Production
~13M bpd

Record US production in 2026. Permian is the dominant basin. Permian production ceiling debated at 6.5-7M bpd given infrastructure constraints.

EIA Short-Term Energy Outlook
WTI Discount to Brent
~$3-5

WTI normally trades at a $3-7 discount to Brent. The spread narrows when Hormuz tensions add a Brent geopolitical premium and when US export capacity keeps Cushing from building. Currently near the narrow end of the historical range.

Computed from both feeds · Daily
Price Volatility (90-day)
~33%

Elevated in 2026 due to Hormuz/Iran situation. In normal conditions WTI 90-day vol runs 22-30%.

Calculated · Daily
2026 price forecasts

WTI Crude price targets from 20 analysts

Aggregated 2026 price forecasts from major banks, research houses, and industry bodies. Range, median, and revision history — every forecast linked to its source.

Consensus range
View forecasts
See all forecasts

How to invest in wti crude

Ways to gain wti crude exposure

Full investing guide
ETFs

WTI Crude ETFs

The most accessible vehicle for retail investors. Trade like stocks, low expense ratios.

Equities

WTI Crude stocks

Mining and producer stocks offer 1.5-3x leverage to the underlying commodity but carry operational risk.

Futures

WTI Crude futures

COMEX / LME / NYMEX futures provide direct price exposure with leverage. Requires a futures-enabled brokerage account.

Frequently asked questions

Common questions, answered

The current WTI price is shown at the top of this page from NYMEX CL front-month futures. WTI (West Texas Intermediate) is the US oil benchmark, physically delivered at Cushing, Oklahoma. It is lighter and sweeter than Brent crude.