West Texas Intermediate (WTI) crude oil price monthly 2022-2024

In November 2024, the price for one barrel of West Texas Intermediate (WTI) crude oil averaged 69.95 U.S. dollars. This was a decrease compared to the previous month and also the lowest figure in the past 24-month period. It reflects concerns over continued low demand from China.WTI and other benchmark crudesWTI is also known as "Texas light sweet", and is a grade of crude oil used as a benchmark for oil produced in the United States. It has an API gravity of around 39.6 and specific gravity of about 0.827, which, relative to other crude oils, is considered “light,” hence the name. WTI also contains about 0.24 percent sulfur, making it a “sweet” crude oil. The price of WTI can be compared to the prices other of crude oils, i.e. UK Brent, the OPEC basket, and Dubai Fateh oil. WTI crude oil is the underlying commodity of the Chicago Mercantile Exchange’s oil futures contracts. U.S. oil production and its influence on light oil pricesThe price development of WTI crude oil relative to Brent crude oil has been influenced by variances in U.S. crude oil transportation and increased U.S. oil production. New transportation infrastructure became operational in early 2013, easing the movement of crude oil in the mid-continent and raising the price of WTI. Since then, U.S. refineries have increased production of crude oil to record levels, also raising the price of WTI. Meanwhile, expedited crude transport in the U.S. put downward pressure on Brent crude oil as domestic crude replaced some imported Brent crude. Between 2014 and 2016, UK Brent prices dropped rapidly, as was the case for all other crude oils.

于2024年11月，每桶西得克萨斯中质原油（WTI）的平均价格为69.95美元。相较于上个月，这一价格有所下降，并在过去24个月中达到了最低点。这一现象反映了市场对中国持续低迷需求的担忧。WTI原油亦被称为“德克萨斯轻质原油”，是一种以美国生产的原油为基准的原油等级。其API密度约为39.6，相对密度约为0.827，与其他原油相比，被认为较为“轻”，因此得名。WTI原油的硫含量约为0.24%，使其成为“甜”原油。WTI原油的价格可以与其他原油价格进行比较，例如英国布伦特原油、OPEC原油篮子和迪拜法特石油。WTI原油是芝加哥商品交易所石油期货合约的标的商品。美国原油产量及其对轻质原油价格的影响WTI原油相对于布伦特原油的价格走势受到美国原油运输差异和增加的美国原油产量的影响。2013年初，新的运输基础设施投入运营，缓解了中部地区的原油运输压力，提高了WTI原油的价格。自那时起，美国炼油厂将原油产量提高至创纪录水平，同样也推高了WTI原油的价格。与此同时，美国原油运输的加速也对布伦特原油价格产生了下行压力，因为国内原油取代了部分进口的布伦特原油。在2014年至2016年期间，英国布伦特原油价格急剧下降，其他所有原油价格亦然。