WTI crude oil spot price vs Oil demand in United States

In 2027, WTI crude oil spot price in United States was 70 USD per barrel (forecast); oil demand was 20.8 million barrels per day (forecast).

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United States, spaced by time from 2024 to 2027 . Different units, drawn on separate scales and clipped to the years both series publish — earlier history stays on each indicator's own page. Read the values, not the heights.

WTI crude oil spot price

Unit: USD per barrel · 4 observations

Line chart

Forecast: dashed line, hollow markers, shaded band

WTI crude oil spot priceWTI crude oil spot price. 4 observations from 2024 to 2027, ranging from 65 USD per barrel to 85 USD per barrel, of which 2 are forecasts. Latest value 70 USD per barrel (2027). USD per barrel 0 20 40 60 80 100 2024 2025 2026 2027 FORECAST 77 70
WTI crude oil spot priceWTI crude oil spot price. 4 observations from 2024 to 2027, ranging from 65 USD per barrel to 85 USD per barrel, of which 2 are forecasts. Latest value 70 USD per barrel (2027). USD per barrel 0 30 60 90 2024 2025 2026 2027 FORECAST 77 70
WTI crude oil spot priceWTI crude oil spot price. 4 observations from 2024 to 2027, ranging from 65 USD per barrel to 85 USD per barrel, of which 2 are forecasts. Latest value 70 USD per barrel (2027). USD per barrel 0 30 60 90 2024 2025 2026 2027 FORECAST 77 70
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WTI crude oil spot price
Period Type Value
2024 Actual 77 USD per barrel
2025 Actual 65 USD per barrel
2026 Forecast 85 USD per barrel
2027 Forecast 70 USD per barrel
Source: EIA · CC BY 4.0 · Full series

Oil demand

Unit: million barrels per day · 4 observations

Line chart

Forecast: dashed line, hollow markers, shaded band

Oil demandOil demand. 4 observations from 2024 to 2027, ranging from 20.5 million barrels per day to 20.8 million barrels per day, of which 2 are forecasts. Latest value 20.8 million barrels per day (2027). million barrels per day 0 5 10 15 20 25 2024 2025 2026 2027 FORECAST 20.5 20.8
Oil demandOil demand. 4 observations from 2024 to 2027, ranging from 20.5 million barrels per day to 20.8 million barrels per day, of which 2 are forecasts. Latest value 20.8 million barrels per day (2027). million barrels per day 0 5 10 15 20 25 2024 2025 2026 2027 FORECAST 20.5 20.8
Oil demandOil demand. 4 observations from 2024 to 2027, ranging from 20.5 million barrels per day to 20.8 million barrels per day, of which 2 are forecasts. Latest value 20.8 million barrels per day (2027). million barrels per day 0 5 10 15 20 25 2024 2025 2026 2027 FORECAST 20.5 20.8
View the underlying data
Oil demand
Period Type Value
2024 Actual 20.5 million barrels per day
2025 Actual 20.6 million barrels per day
2026 Forecast 20.6 million barrels per day
2027 Forecast 20.8 million barrels per day
Source: EIA · CC BY 4.0 · Full series

Shared periods

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Only 4 periods are published for both series in United States. Comparing anything else would mean comparing different years.

Provenance

Where these numbers come from

WTI crude oil spot price

Average benchmark spot price for West Texas Intermediate crude oil.

4 observations in United States · source organisations: EIA

Oil demand

Total volume of oil and other liquid fuels consumed or demanded within a given year.

4 observations in United States · source organisations: EIA

Data published under CC BY 4.0. Series A as JSON · Series B as JSON

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