WTI Oil Prices Rise Amid Global Economic Concerns
US Crude Oil Spot is one of the world's most valuable commodities available for trade. Also known as West Texas Intermediate (WTI) or Texas light sweet, it is a popular investment tool used by international investors seeking true asset class diversification in their portfolio.
The commodity is often seen as a hedge against any financial uncertainty, inflation, deflation, or currency devaluation.
US Crude Oil Spot is a benchmark that serves as a reference price for sellers and buyers of crude oil across the United States. It is sourced from several oil fields, including those in Texas, North Dakota, and Louisiana, and refined in the Midwest and Gulf Coast regions.
The instrument can be traded as a contract for difference (CFD) on Capital.com, which lets you speculate on price changes without taking ownership of the physical asset. This means you can go long or short depending on how you think the market will move.