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West Texas Intermediate (WTI)
Organization CompanyWTI is a US oil benchmark; its price recently surpassed Brent crude, a European benchmark, due to Iran tensions.
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About
West Texas Intermediate (WTI) is a benchmark crude oil traded in the United States. It's typically priced lower than Brent crude, the European benchmark. Recent news highlights a significant shift: WTI's price has surpassed Brent's, reaching over $112 per barrel while Brent trades around $109. This reversal of the historical trend is attributed to escalating tensions in Iran and concerns about potential disruptions to oil flow, specifically the potential blockage of the Strait of Hormuz. The CEO of Chevron suggests that current oil prices may not fully reflect the potential impact of this blockage. This development is significant because it reflects heightened geopolitical risk and its potential impact on global energy markets, particularly concerning supply and pricing dynamics.
Last updated: May 1, 2026
Recent Coverage
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El precio del WTI Texas da un 'sorpasso' histórico al petróleo Brent con la guerra de Irán de fondo
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Se rompe la tendencia histórica: el West Texas ya es más caro que el petróleo Brent
