What is the Average Cost of WTI Crude Oil per gallon/bbl/barrel? Average WTI Crude Oil Price

WTI crude oil stands for West Texas Intermediate. This oil is also known as Texas light sweet. WTI crude oil is one of the biggest of the many major classifications of oil. Some of the other classifications of oil are; Brent crude, forties, oseberg and ekofisk. The price of WTI crude oil is a benchmark for other types of oil prices. The price of this oil fluctuates, and has recently gone as high as $145 a barrel down to $35 a barrel. On average, the cost of WTI crude oil is $85 a barrel.