WTI Crude Oil Futures CFD

West Texas Intermediate, or WTI, is one of the world's main crude oil benchmarks.

WTI is described as a light, sweet crude oil, meaning it has relatively low density and sulphur content. These characteristics make it suitable for refining into products such as petrol and diesel.

The benchmark is closely associated with Cushing, Oklahoma, an important US oil storage and pipeline hub.

WTI prices are quoted in US dollars per barrel and are widely followed as an indicator of conditions in the US and global oil markets.

A WTI crude oil futures CFD lets you trade movements in WTI futures prices without buying an exchange-traded futures contract or taking delivery of physical oil.

With Axi, WTI futures exposure is available through WTI.fs.

You can open a long position if you expect WTI prices to rise or a short position if you expect them to fall.

The CFD is traded using margin, so you only need to put up a portion of the position's full value. Leverage increases your market exposure and can magnify both profits and losses.

Because WTI.fs is based on the futures market, open positions may be rolled from one underlying futures contract to the next. A rollover adjustment can apply when this happens

Key factors include:

• OPEC+ production decisions: Changes in production targets can alter expectations for global oil supply.
• US oil inventories: Weekly changes in crude oil and refined-product inventories can influence short-term WTI prices.
• US oil production: Changes in shale production and overall US crude output can affect supply expectations.
• Global economic growth: Stronger economic activity can increase demand for transport and industrial fuels, while slower growth can reduce demand.
• Geopolitical events: Conflicts, sanctions and disruptions in major oil-producing or transport regions can affect supply and increase volatility.
• Refinery demand: Changes in refinery activity can influence demand for crude oil, particularly during seasonal maintenance or periods of strong fuel consumption.
• Cushing inventories: Storage levels at Cushing, Oklahoma can be particularly relevant to the WTI market.
• The US dollar: Oil is priced in US dollars, so major currency movements can also influence commodity prices.