The data displays the West Texas Intermediate oil price from 1976 to 2018, in USD per barrel. In 2017 the average annual price of one barrel of West Texas Intermediate crude oil was 50.88 USD. WTI is a relatively light crude oil, also called Texas light sweet. It is used as a benchmark for oil pricing. Prices of West Texas Intermediate are often listed in oil price reports, alongside other important oil markers, like UK Brent or the OPEC basket.
Price of West Texas Intermediate crude oil
WTI is a grade of crude oil also known as “Texas light sweet.
