What did crude oil close at yesterday

The battle for Libyan oil By Steve Austin, 2019/06/10

Almost a decade since Gaddafi's exit, Libya is still struggling for foothold. If not for oil, would it have been any different. We take a deep look. Full Article »

Waking into our new volatile age of oil prices By Tom Therramus, 2019/02/18

Therramus's forecasts early last year at Oil-Price.net that oil markets were set for chaos in June, followed by turmoil in stocks in December, proved remarkably accurate. Full Article »

4 oil price predictions for 2019 By Steve Austin, 2019/01/07

2018 is gone and we are busy charting how the oil prices will look in 2019. Will the Saudi dominance continue or will Russia dethrone the Kingdom? What about the US trade war with China? All these and more Full Article »

Saudi Arabia steps backwards despite high oil prices By Steve Austin, 2018/11/01

A year ago, Saudi Arabia wanted to diversify its economy steering away from oil. Has it succeeded in the much-hyped plan? We take a detailed look. Full Article »

WTI Crude (Nov'22) @CL.1:New York Mercantile Exchange

*Data is delayed | USD

Last | 8:41 AM EDT

90.11-1.02 (-1.12%)

• Open91.14
• Day High91.35
• Day Low88.46
• Prev Close91.13
• 10 Day Average Volume273,153.7
• Open Interest169308
• Exp Date2022-10-20
• YTD % Change27.5

Key Stats

• 1 Year % Change24.38

KEY STATS

• Open91.14
• Day High91.35
• Day Low88.46
• Prev Close91.13
• 10 Day Average Volume273,153.7
• Open Interest169308
• Exp Date2022-10-20
• YTD % Change27.5
• 1 Year % Change24.38

Latest On WTI Crude (Nov'22)

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There is no recent news for this security.

WTI crude futures fell more than 1% to $90 per barrel on Tuesday, extending their declines from the one-month high of $93 with pressure from a continuously appreciating dollar and demand woes from major consumers. The greenback extended its rally on expectations that the US Federal Reserve will push ahead with its aggressive tightening plans, making dollar-priced oil more expensive for buyers holding other currencies. Elsewhere, Covid detections in major Chinese cities rose to levels not seen since August after the week-long holiday, driving local governments to announce stricter testing until mid-November and significantly increasing worries that the world’s second largest oil consumer could face fresh lockdowns. Fears of inactivity added to the worsening macroeconomic backdrop, as recession likelihoods increase in large economies. Still, oil prices remain supported by the OPEC+ decision to cut output and an ongoing energy standoff between Russia and the West.

Historically, Crude oil reached an all time high of 147.27 in July of 2008. Crude oil - data, forecasts, historical chart - was last updated on October of 2022.

Crude oil is expected to trade at 96.99 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 109.29 in 12 months time.

Crude oil

The West Texas Intermediate (WTI) benchmark for US crude is the world's most actively traded commodity. Crude Oil prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.

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