Trade US Oil
WTI Crude Oil
West Texas Intermediate crude, the primary US oil benchmark and one of the world's most traded commodities.
Specifications
About US Oil (WTI Crude)
US Oil tracks the price of West Texas Intermediate crude, the benchmark for North American oil pricing. WTI is a light, sweet crude oil priced at the Cushing, Oklahoma delivery hub. It is one of the most actively traded commodity instruments globally, responding to shifts in supply from OPEC+, US shale production, and global demand patterns.
Key Price Drivers
- OPEC+ production decisions and quotas
- US weekly crude inventory reports (EIA)
- Global economic growth and energy demand forecasts
- Geopolitical risk in major oil-producing regions
Peak Trading Hours
US Oil sees the highest volume during the US session when physical markets are most active.
US session (13:00-20:00 UTC)
EIA crude inventory data (released Wednesdays at 14:30 UTC) regularly triggers sharp intraday moves.
How to Trade USOIL on StoicFX
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Find USOIL in MT5
Open MetaTrader 5, search for USOIL in Market Watch, and add it to your chart.
Place Your Trade
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FAQ
What is US Oil (WTI)?
US Oil is a CFD based on West Texas Intermediate crude, the primary North American oil benchmark priced at the Cushing, Oklahoma delivery hub.
How does OPEC affect oil prices?
OPEC and its allies (OPEC+) control a significant portion of global oil supply. Their production decisions directly influence the supply-demand balance and price direction.
What is the difference between WTI and Brent crude?
WTI (West Texas Intermediate) is the US benchmark, priced at the Cushing, Oklahoma delivery hub. Brent is the international benchmark, sourced from the North Sea. WTI is a slightly lighter and sweeter crude, which makes it marginally cheaper to refine. The price spread between the two reflects regional supply-demand differences, transport costs, and quality variations.
When is the EIA inventory report released?
The EIA Weekly Petroleum Status Report is released on Wednesdays at 14:30 UTC. It is one of the most impactful regular data points for oil traders.
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CFDs are complex instruments and carry a high risk of rapid capital loss due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.