WTI Crude Oil Daily Spot Prices from EIA

Daily spot prices for West Texas Intermediate crude oil, a key energy commodity. The data is sourced from the U.S. Energy Information Administration. The specific time range and number of records are not provided in the metadata.

Use Cases

• Forecasting future oil price trends based on historical daily spot prices.
• Analyzing volatility and risk in energy commodity markets based on price data.
• Correlating crude oil price movements with other economic indicators based on the time-series nature of the data.

Strengths

• Data originates from the U.S. Energy Information Administration, a primary government source for energy statistics.
• Focuses on West Texas Intermediate, a globally recognized benchmark for crude oil pricing.

Limitations

• Row count is unknown, which may limit suitability assessment.
• Column-level documentation is absent; field semantics must be inferred after download.
• Last update date is unknown; freshness unverified.

Provenance

Source

U.S. Energy Information Administration (EIA)

Collection Method

Likely collected and published as official government statistics.