WTI Crude Oil (WTIOIL) Perp Price
Go long or short on WTI crude oil with perpetual futures (perps), on fomo web and mobile.
Mark price
past 24 hours
Not available in the U.S. or to U.S. persons.
WTI crude oil perp price chart
Closing trade prices from Hyperliquid, in your time zone.
Market Stats
- Oracle price
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- Funding (1h)
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- Open interest
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- 24h volume
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- Max leverage
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Oracle price: from outside markets Sunday 6 PM to Friday 5 PM ET, except 5 to 6 PM ET Monday to Thursday; from Trade[XYZ]’s own order book at other times and on market holidays. Live data from Hyperliquid.
WTI crude oil perps on fomo
- Funding
- Paid every hour, by one side to the other
- Provided by
- Trade[XYZ]
- Fees
- fomo 0.05% per trade + protocol trading fee
Perps are leveraged and carry a high risk of fast losses. Stock and commodity perps may not have the insurance fund or backstop protections some other markets have. That raises the risk that the protocol reduces or closes positions, even profitable ones, at prices it sets (auto-deleveraging).
What is a WTI crude oil perp?
A WTI crude oil perp follows the price of a barrel of West Texas Intermediate, the main U.S. crude benchmark, taken from WTI futures. Go long if you think oil will rise, or short if you think it will fall, and no barrels are ever delivered. WTI futures expire every month, but the perp has no expiry date, so you can hold it as long as your margin holds up. On fomo, WTI crude oil perps are provided by Trade[XYZ], with up to 20x leverage, on web, iOS and Android.
How to trade WTI crude oil perps on fomo
- Log in to fomo on web or mobile, confirm you’re not a U.S. Person, and move USDC into your perps cash balance (minimum 5 USDC).
- Open Perps and pick WTIOIL.
- Pick long or short, set your size (minimum 15 USDC, including leverage) and leverage, pick isolated or cross margin, add take profit or stop loss, and confirm.
What moves the oil price
- OPEC+ output
- Production targets agreed by OPEC+, the producer group led by Saudi Arabia and Russia, change how much oil reaches the market.
- U.S. inventories
- Weekly figures from the U.S. Energy Information Administration show whether crude stocks are building or shrinking.
- Economic growth
- Factories, shipping and travel drive oil demand, so signs of growth or slowdown in the U.S. and China matter.
- Conflict and sanctions
- Wars, attacks or sanctions that touch producers or shipping routes can threaten supply and lift prices fast.
Popular commodity perps on fomo
Every Hyperliquid and Trade[XYZ] perps market is tradeable on fomo: crypto, stocks, indices, commodities and pre-IPO. Each market page shows the live mark price, a price chart, funding and open interest.
| Market | Price | 24h change | Max leverage |
|---|---|---|---|
 Gold GOLD · Commodity | -- | -- | -- |
 Silver SILVER · Commodity | -- | -- | -- |
WTI crude oil WTIOIL · Commodity | -- | -- | -- |
Natural gas NATGAS · Commodity | -- | -- | -- |
Mark prices from Hyperliquid, refreshed every 20 seconds. Max leverage depends on the market.
Learn before you trade
WTI crude oil perps FAQ
What leverage can I use on WTI crude oil?
Up to 20x on fomo. Lower leverage gives your position more room before liquidation.
Learn more: Leverage on perps
Will I have to take delivery of oil?
No. A WTIOIL perp only tracks the price, so you never receive or deliver any oil, unlike WTI futures held to expiry.
Is WTI the same as Brent?
No. Both are crude oil benchmarks. WTI is light, sweet U.S. crude priced at Cushing, Oklahoma, while Brent is based on North Sea crude. This perp tracks WTI.
Can I short oil on fomo?
Yes. Choose short when you open the position if you expect oil prices to fall. If they rise instead, the position loses value and can be liquidated.
Do WTIOIL perps expire?
No. WTI futures expire every month, but the perp doesn’t. It tracks WTI futures and moves to the next month’s contract over several days each month, so there’s nothing for you to roll.
Updated November 2026. Product details come from fomo’s Terms of Service, Help Center and release notes; leverage and live data from Hyperliquid.