SPOT
Cushing, Oklahoma
Read the daily EIA spot series and understand what the hub represents.
Read moreField guide
The benchmark field guide
Start with the instrument, location, delivery window and unit before comparing any two crude prices.
LISTED DERIVATIVE
NYMEX WTI
Compare the standard and Micro contract specifications and how settlement differs.
Read morePHYSICAL ASSESSMENT
Midland and Houston
See how delivery point, basis and export economics affect the barrel.
Read more| Price object | Question it answers | Check before use |
|---|---|---|
| Cushing spot | What was the reported spot value at this reference location? | Observation date and USD/bbl |
| NYMEX WTI futures | What is the value of a specified contract month? | Symbol, month, timestamp and settlement |
| Midland or Houston physical | How are eligible barrels priced at a specified point? | Grade, terminal, window and differential convention |
| Europe Brent spot | What was the reported value of the European Brent reference? | Do not substitute a futures contract or named proprietary assessment |