WTI Crude Oil is the global benchmark energy commodity driving transport costs and headline inflation.
Formula: NYMEX Light Sweet Crude Oil Futures Front Month Spot Contract Price
| Indicator Parameter | Value / Specification |
|---|---|
| Indicator Name | WTI Crude Oil Futures |
| Ticker Symbol | CL=F |
| Normal Baseline Range | $68.0 - $88.0 |
| Unit of Measure | USD per Barrel ($/bbl) |
| Authoritative Source | NYMEX / Yahoo Finance |
Oil spikes >$90 tax consumer discretionary spending and reignite headline CPI inflation pressures.
Source: NYMEX / Yahoo Finance (https://finance.yahoo.com/quote/CL%3DF)
Subdued oil ($70-$80) supports disinflation and central bank rate cuts.
Peaked at $120+ in 2022 during Ukraine war energy shock.
WTI Crude Oil is the global benchmark energy commodity driving transport costs and headline inflation.
Oil spikes >$90 tax consumer discretionary spending and reignite headline CPI inflation pressures.
Subdued oil ($70-$80) supports disinflation and central bank rate cuts.
Peaked at $120+ in 2022 during Ukraine war energy shock.
Oil prices directly impact gasoline, transportation, and chemical inputs, feeding into headline Consumer Price Index (CPI) numbers.