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Data from FRED. Forecasts by Sigmanomics Forecast Engine.
United StatesUS WTI Crude Oil Price held to 112.25 Dollars per Barrel in May 2026
FREDDailyReleased May 2026
US WTI Crude Oil Price held to 112.25 Dollars per Barrel in May 2026.
Latest Release
112.250000
Actual
—
Consensus
112.250000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| GBP/USD | ▼ Inverse | −0.38 | FOREX | Bearish GBP | → View |
| EUR/USD | ▼ Inverse | −0.37 | FOREX | Bearish EUR | → View |
| NZD/USD | ▼ Inverse | −0.37 | FOREX | Bearish NZD | → View |
| S&P 500 | ▼ Inverse | −0.36 | INDEX | Bearish S&P 500 | → View |
| USD/CHF | ▲ Direct | +0.34 | FOREX | Bullish USD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
WTI Crude Oil Price (United States) was reported at 112.25 Dollars per Barrel in May 2026. The reading was unchanged from the previous release. Over the past 12 months, the indicator has averaged 70.96 Dollars per Barrel, ranging from 55.44 Dollars per Barrel to 114.58 Dollars per Barrel across 244 releases. This is classified as a high-impact indicator released on a daily basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 108.63 Dollars per Barrel, up from the prior three at 103.95 Dollars per Barrel. Volatility over the past year (σ 15.48 Dollars per Barrel) is higher than the prior year (σ 6.06 Dollars per Barrel). In May readings over the past 3 years, WTI Crude Oil Price has averaged 78.00 Dollars per Barrel.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with GBP/USD (Bearish GBP). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Chicago Fed National Activity Index (May 25) and Chicago Fed National Activity Index (May 26).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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WTI Crude Oil Price - US
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About WTI Crude Oil Price — United States
DEFINITION
US WTI Crude Oil Price rose to 112.250000 USD on May 18, 2026, up from 108.990000 USD on May 15, 2026. This increase reflects a continued upward trend in oil prices over the past week. Market participants remain focused on supply dynamics and upcoming inventory reports amid sustained price strength. Updated 5/21/26
WHY THIS INDICATOR MATTERS
Energy-supply and inventory data shape commodity-curve positioning and feed through to headline inflation and consumer-discretionary spending. Surprises against consensus typically move rates and currencies on release. Released daily.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 112.3 Dollars per Barrel. Prior reading (May 2026): 109 Dollars per Barrel. Before that (May 2026): 104.7 Dollars per Barrel.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.