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WTI stands for West Texas Intermediate, a high-quality crude oil grade that serves as the main US oil price benchmark.
Weekly US crude oil inventory data from the Energy Information Administration can move prices significantly, as unexpected builds or draws in stockpiles shift supply and demand expectations.
Differences in production location, quality, transportation costs and regional supply and demand can cause WTI and Brent to trade at a premium or discount to one another.
Log in to your Pairmetric MetaTrader 5 account, search for US Oil in Market Watch, and place a buy or sell order.
As one of the most actively traded commodities, WTI prices can move throughout the trading day in response to inventory data, OPEC+ news and broader market developments.