Oil Market Intelligence
WTI, Brent, the spread between them, and the supply catalysts driving one of the most volatile markets — structured, not sensational.
Crude oil trades through two benchmarks — WTI (US) and Brent (global) — which are highly correlated but priced on different grades and locations. Oil is volatile because supply is concentrated and slow to change while demand and risk sentiment move fast, so the biggest moves cluster around OPEC+ decisions, weekly inventory data and geopolitical shocks.
Oil at a glance
- Benchmarks
- WTI (US) & Brent (global)
- Key catalysts
- OPEC+, inventories, geopolitics
- Backdrop driver
- US dollar & demand outlook
Fresh from the desk
Latest oil analysis
Brent vs WTI: Why the Spread Matters and How They Correlate
WTI and Brent move together but not identically. Here's what drives the spread between the two oil benchmarks, why it widens, and how traders read it.
Read analysisWhat EIA Inventory Data Means for Oil Traders
How to read weekly US EIA crude inventory data and why the market reacts to surprises.
Read analysisWhat Drives Oil Volatility: OPEC, Inventories and Geopolitics
Crude oil is one of the most volatile markets. Here are the recurring catalysts that move WTI and Brent, and how to build a routine around them.
Read analysisWTI Weekly Outlook
A weekly framework for crude oil (WTI): supply, demand and the data that moves the market.
Read analysisWhat this hub covers
Track WTI, Brent and the spread in one workspace
Side-by-side crude charts, custom spread symbols and alerts on the catalysts that move oil.
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Frequently asked questions
What drives oil prices?
Crude oil is driven by supply (OPEC+ decisions, US production, inventories) and demand (global growth, China), plus the US dollar and geopolitical risk.
What is the difference between WTI and Brent?
WTI is the US benchmark priced at Cushing, Oklahoma; Brent is the global benchmark based on North Sea crude. They correlate closely, and the gap between them is the Brent–WTI spread.
Why does oil react to EIA inventory data?
Weekly US EIA inventory data signals the supply-demand balance. Oil often reacts to how the number compares with expectations rather than the raw figure.
How does the US dollar affect oil?
Oil is priced in dollars, so a stronger dollar can weigh on crude prices and a weaker dollar can support them, all else being equal.