BRENT CRUDE$82.45+1.2%WTI CRUDE$78.14+1.5%GOLD SPOT$2,342.10+0.4%SILVER$28.15-0.1%COPPER HG$4.52-0.2%URANIUM U3O8$92.00+2.8%LITHIUM CARB$13,400-4.1%WHEAT ZW$562.25+0.1%NATURAL GAS$2.85+3.2%ALUMINUM$2,340+0.6%NICKEL$17,200-1.8%COCOA$7,850+5.4%BRENT CRUDE$82.45+1.2%WTI CRUDE$78.14+1.5%GOLD SPOT$2,342.10+0.4%SILVER$28.15-0.1%COPPER HG$4.52-0.2%URANIUM U3O8$92.00+2.8%LITHIUM CARB$13,400-4.1%WHEAT ZW$562.25+0.1%NATURAL GAS$2.85+3.2%ALUMINUM$2,340+0.6%NICKEL$17,200-1.8%COCOA$7,850+5.4%
Intelligence Engine
Energy · CL · USD / bbl

WTI Crude

WTI's Brent discount has narrowed structurally as US export infrastructure matures. Shale break-evens have risen to $65-70, providing a hard cost floor while productivity gains have plateaued.

Spot
$78.14
Δ 24h
+1.5%
Realized Vol
23.1%
Cycle Phase
Peak Euphoria
Price Timeline · 10Y

Interactive History

Hover · Click events
20152016201720182019202020212022202320242025
Annotated Macro Events
2020Negative Futures SettleMay 2020 contract settles at -$37.63; storage stress.
2022180mbbl SPR ReleaseLargest emergency release in history caps spring rally.
2023Permian Productivity PlateauIP rates stop improving; shale supply elasticity declines.
Cycle Phase Breakdown

Where WTI Crude Sits in Its Supercycle

28%
32%
20%

Accumulation

8%

Post-COVID basing.

Early Bull

12%

Reopening trade.

Expansion

28%

Inventory drawdowns.

Peak Euphoria

32%

Current — backwardated curve, tight spares.

Distribution

20%

Substitution risk.

Supply & Demand
  • US Crude Production13.4 mbpd
  • Cushing Inventory31 mbbl
  • Permian DUC Count-18% YoY
Cross-Asset Correlation
  • Brent
    0.98
  • DXY
    -0.58
  • HY Credit
    0.44
Exposure Vehicles
  • USO
    United States Oil Fund
  • XOP
    SPDR S&P Oil & Gas E&P
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