How can you check the spot price of WTI crude oil?


Quick Answer

Visit the U.S. Energy Information Administration website to find the spot price of WTI crude oil. The spot price represents the market price of the actual physical commodity as opposed to an underlying stock, according to Nasdaq.

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Full Answer

The U.S. Energy Information Administration provides spot prices for oil, gasoline and diesel fuel. Navigate to the WTI section on the chart to find the spot price for a particular day. Check the box to access additional features, including a graph. A spot price history is also available for the commodity, offering dollars per barrel figures from 1986 to the present. The spot price is also referred to as the cash price and represents the sale price to immediately purchase the commodity, reports Nasdaq.

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