Buy price
87.518
87.518
87.498
Information regarding past performance is not a reliable indicator of future performance.
WTI rose sharply from around $62 per barrel at the start of 2026 to over $110 after US-Israeli strikes on Iran led to the closure of the Strait of Hormuz. By mid-May 2026, WTI was still up around 65% for the year, helped by reports that several supertankers had passed through the Strait again, suggesting a partial reopening. Comments from Donald Trump in late May about being in the “final stages” of negotiations with Iran also increased market volatility, with WTI often moving $3–5 in a single session. Over the last 52 weeks, prices have ranged from about $55 to above $115 per barrel. The EIA expects WTI to average around $106 in Q2 before falling closer to $89 by Q4 if shipping through Hormuz returns to normal. At the same time, the IEA warns that global oil inventories are dropping quickly and supply could remain tight through October. US crude inventories have declined for four straight weeks, while the Strategic Petroleum Reserve has been reduced by 10 million barrels. High oil prices are also encouraging more US shale production, especially in the Permian Basin, where production costs are estimated at around $45–50 per barrel. Right now, WTI prices are being driven mainly by geopolitics — especially the situation around the Strait of Hormuz and negotiations between the US and Iran.
Create an account and complete a quick verification.
Add money to your wallet via card, bank transfer, or crypto.
Choose USOUSD, set the amount, and click buy or sell — that’s it!
Crude Oil WTI
USOUSD
87.508
+0.95%
FAQ