Discover historical prices for WTTN23.NYM stock on Yahoo Finance. Discover historical prices for WTIZ20.NYM stock on Yahoo Finance. ARGUS WTI Houston at MEH. Skip to main content. Midland-Cushing and WTI-WCS spreads Some crude oils are available at an additional discount to WTI-Cushing. WTI in particular is useful for pricing any oil produce in the Americas. Market Specifications Trading Screen Product Name Crude Diff Futures (Trade Month) Trading Screen Hub Name Argus WTI Mid/Argus WTS Trade Month Contract Symbol. To understand and analyze the movement of WTI oil price, you can see our price history table and real-time prices above. WTI Midland in Texas -- a flagship marker for the U.S. shale industry -- was at -$13.13 a barrel, while crude in Alaska was at -$46.63. WTI Midland is a light sweet crude oil grade with a typical monthly export volume of 1.078 million B/D during 2020, of which around 443,000 b/d arrived in Europe. Oil (WTI) Price Per 1 Gallon 1.14 USD 1 Barrel ≈ 158,98 Liters Oil (WTI) Price Per 1 Liter 0.30 USD 1 Barrel = 336 Pint Oil (WTI) Price Per 1 Pint 0.14 USD Energy. There are three major locations where WTI prices are quoted: Midland - This is the price point closest to the actual production of WTI. Define OIL-WTI MIDLAND-PLATT. WTI-Cushing began the year at a 77 cent discount to WTI-Midland, but that has flipped to an average $16.03 per barrel premium over WTI-Midland in the first half of the year. more » Tuesday 09/22/2020. There are related terms like Midland Sweet and Domestic Sweet. FRED ® Economic Data; My Account; Information Services; Publications; Working Papers; Economists; About; St. Louis Fed Home; Categories > Prices > Commodities. WTI Crude Oil Spot Price is the price for immediate delivery of West Texas Intermediate grade oil, also known as Texas light sweet. In 2014, WTI Midland prices dropped to a $10/bbl to $15/bbl discount to WTI Cushing. LOOP LLC MIDLAND WTI – CRUDE QUALITY PROGRAM Effective Date: September 1, 2018 Page 3 of 4 Violation Count shall mean the number of Violations in a given period, subject to adjustment by the procedure outlined in Section 4 of this document. Unit of Trading. Plains WTI Posting: 44.75 (+0.50). Argus will continue to publish WTI Houston daily as both a differential to Cushing and as an outright price. WTI Oil Price Chart. About 90% of Argus’ WTI Midland prices typically reflect trades at Enterprise’s terminal, sources said. Discover historical prices for WTIK21.NYM stock on Yahoo Finance. In 2014, WTI Midland prices dropped to a $10 a barrel to $15 a barrel discount to WTI Cushing. It is important to notice that anticipation of an influx of oil into the market was enough to cause price fluctuations. Conversely, WTI Midland prices still trade lower than Houston crude oil prices, suggesting that the region still faces some takeaway constraints in shipping Permian crude oil to the U.S. Gulf Coast. MST Contract Size. Refiners that process these discounted oils can benefit even more from the oil spreads. WTI Oil Price Today. 1,000 barrels. Lastly, Houston is a major oil export point and HCL, which reflects the price of oil about to be shipped, moves more-or-less in lockstep with Brent (Figure 6). Then, like now, some companies are benefiting from the market dynamics. There is WTI at Midland, at Cushing, Cactus, Corpus Christi, Magellan East Houston or MEH, Bridgetex and Longhorn. That is a problem with no obvious near-term solution. WTI Midland sank to the widest in six years at a discount of as much as $18.25 per barrel in late August. Therefore, Brent prices moved lower by virtue of hints of more Iranian crude and WTI strengthened because of less U.S. production and increasing exports. However, the prompt month decline also boosted US spot price crude spreads to Cushing WTI. Since 1976, the price of WTI crude oil has increased notably, rising from just 12.23 U.S. dollar per barrel in 1976 to a peak of 99.06 dollars per barrel in 2008. Vera Blei, Head of Oil Markets Price Reporting, S&P Global Platts said: 'As part of our active stewardship of the world's most important oil benchmark, we have launched a formal consultation to gather feedback from market participants on the potential addition of WTI Midland to the basket of crudes reflected in the Dated Brent complex. For many years, WTI was considered a global benchmark crude. A brief history of Midland-Houston and Brent-WTI spreads: ... (WTI Midland) Prices vs. Classic WTI in 2018. more » ... Today, the November Contract price increased by $0.13. 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