Trade WTI Oil - OIL CFD

$101.942

-0.67% (-0.69)

OIL Price Chart

*Past performance is not an indication of future results

SELL 101.258 BUY 101.334

High: 102.273

Low: 100.634

Trader sentiment:

Sellers: 77.0%

Buyers: 23.0%

Market trading hours

Open now

Sun 22:05 - Fri 20:00 · Break 21:00 - 22:00

Trade OIL

What is WTI Oil?

West Texas Intermediate (WTI) crude oil is a US benchmark grade priced in dollars per barrel and widely used as a reference for North American oil markets. Its price is shaped by layered forces: broad drivers such as global economic growth, OPEC+ production decisions, and US Dollar strength set the trend, while weekly US inventory data, refinery demand, and shifts in sentiment toward Brent Oil add further pressure day to day. On a narrower level, pipeline disruptions and storage capacity at the Cushing, Oklahoma delivery hub can move prices sharply. Traders follow WTI for three reasons: its deep liquidity, its status as a widely watched economic indicator, and its sensitivity to macroeconomic and geopolitical headlines. On April 20, 2020, WTI futures fell below zero for the first time in history, settling around -$37.63 a barrel, as collapsing pandemic-era demand and near-full storage at Cushing left holders paying buyers to take delivery, a reminder that futures pricing can behave in extreme ways when physical storage runs out.

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Trading Conditions

Minimal Spread: 0.076
Typical Spread: 0.0876
Overnight funding swap buy: -0.01525%
Minimum trade size / value: 9.6 Units
Commission: 0%
Max Leverage (1/margin%): 1:200

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What are WTI oil trading hours?

WTI oil is traded nearly 24 hours a day during the trading week, with short breaks for market maintenance.

Is WTI oil volatile?

Yes, WTI oil can experience sharp price swings driven by geopolitical events, OPEC+ decisions, and shifts in inventory data.

What advantages does iFOREX offer for oil trading?

iFOREX offers real-time pricing, risk-management tools, and access to WTI oil alongside other global commodities from one account.

What is WTI oil?

WTI oil is a light, sweet crude oil grade and the main US benchmark for pricing North American crude, traded globally via futures and CFDs.

How do you trade WTI oil?

WTI oil is typically traded through CFDs or futures that track its price, letting traders speculate on price direction without taking physical delivery.

What is the best time to trade WTI oil?

Liquidity is generally highest during US market hours, particularly around the weekly inventory data releases.

How does WTI oil differ from Brent oil?

WTI is primarily sourced from US production and delivered at Cushing, Oklahoma, while Brent represents North Sea crude delivered by sea, leading to differing regional supply and demand pressures.