Source: https://mochatrade.com/learn/glossary/crude-oil

# Crude oil (WTI vs Brent)
URL: https://mochatrade.com/learn/glossary/crude-oil
Last modified: 2026-10-17

Crude oil trades as two benchmarks: WTI at the Cushing pipeline hub on NYMEX, and Brent at sea on ICE, which prices most of the world's oil including India's imports. A barrel is priced off flow, storage, demand and [a premium for the next barrel that might not arrive](https://mochatrade.com/blog/crude-oil-war-and-slippery-slopes), which is how Brent [rose 8% in the week supply came back](https://mochatrade.com/blog/mocha-markets-weekly-28f). Oil feeds [inflation](https://mochatrade.com/learn/us-market-structure/us-inflation-explained); [oil on Mochatrade](https://mochatrade.com/support/what-can-i-trade-on-mochatrade).

## Related terms

- NYMEX: https://mochatrade.com/learn/glossary/nymex
- Cushing: https://mochatrade.com/learn/glossary/cushing
- Crack spread: https://mochatrade.com/learn/glossary/crack-spread
- Commodity trading: https://mochatrade.com/learn/glossary/commodity-trading
- Oil risk premium: https://mochatrade.com/learn/glossary/oil-risk-premium
- Sector ETF: https://mochatrade.com/learn/glossary/sector-etf

Educational content only. Not investment advice. Leveraged products magnify losses as well as gains.