Energy
WTI/USD — WTI Crude Oil
2 – 6 cents · 1.50 – 3.50 USD
WTI is the US crude benchmark. It trades on inventories, OPEC+ decisions and demand expectations, and it is one of the fastest-moving instruments during the US session.
Risk first
Numbers below are typical ranges, not guarantees — spreads, swaps and volatility differ per broker and market regime. Size every position from your stop distance and account risk, never from a fixed lot habit.
Contract specifications
| Spec | Value |
|---|---|
| Contract size | 1.00 lot = 1,000 barrels |
| Pip / tick value | 0.01 → 10 USD / 1.00 lot |
| Typical spread | 2 – 6 cents |
| Typical daily range | 1.50 – 3.50 USD |
| Best trading hours | New York session, especially 14:30–20:00 UTC |
What moves this market
- ▸Weekly EIA inventories (Wednesdays)
- ▸OPEC+ production decisions
- ▸Geopolitics and global growth expectations
Correlations to watch
- ▸Negative to USD/CAD
- ▸Positive to energy equities and CAD/JPY
How traders approach it
- ▸Trade the post-inventory reaction, not the print
- ▸Trend continuation on H1 during US hours
- ▸Respect daily supply and demand zones
Typical mistakes
- ▸Ignoring contract rollover and gaps
- ▸Fixed stops on a market with changing volatility
Related instruments
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