WTI

USOIL generally refers to U.S. crude oil prices, most commonly benchmarked by WTI (West Texas Intermediate)—one of the world’s leading crude oil pricing standards alongside Brent. Crude oil itself is a naturally occurring fossil fuel formed over millions of years from organic material exposed to intense heat and pressure. It remains one of the most heavily traded and in-demand commodities globally, with prices typically quoted in USD.
The United States is among the world’s largest oil producers and consumers, making U.S. crude supply and demand a major driver of global oil prices. Production is concentrated in regions such as Texas, North Dakota, and Alaska, with light crude varieties primarily coming from oil fields in Texas and heavier grades produced in states like California and Alaska. Output levels are influenced by oil prices, technological innovation, and government policies.
WTI is classified as a light, sweet crude, meaning it has low density and low sulfur content. In the U.S., crude oil futures serve as the benchmark for pricing; each contract represents 1,000 barrels and is delivered through the Cushing Hub in Oklahoma, a key storage and distribution center.
U.S. crude oil plays a critical role across multiple sectors, including transportation, petrochemicals, and power generation, and is the foundation for refined products such as gasoline, diesel, and jet fuel. It is also central to strategic reserves, commodity trading, and international energy markets, making USOIL a vital indicator of broader economic and geopolitical trends.