Forbes | Don't Forget, Ten Years Ago Oil Was Worth $100 More Than Today Forbes As the calendar changes, the price of West Texas Intermediate oil (WTI) is hovering around $60 per barrel. WTI is the U.S. benchmark oil and the underlying commodity used by the New York Mercantile Exchange in oil futures contracts. It is based on a ... Oil rises to mid-2015 high in strongest year opening since 2014 Oil posts strongest year opening since 2014; Iran unrest pushes up crude Russia Pumps Oil at Record Pace in Same Year of Global Cuts |