Saturday, November 30, 2024
WTI, OPEC

WTI Price Increasingly Unstable Since OPEC 2014 Decision

The price of U.S. benchmark WTI crude is becoming increasingly volatile The price of U.S. crude oil benchmark West Texas Intermediate (WTI) has been increasingly volatile since November of last year, following the decision by OPEC to maintain production over defending oil prices. The chart above shows the number of days the price of oil changed by a certain percentage