WTI Crude Oil spotlight
Instrument spotlight on WTI Crude Oil, priced via the USO ETF, with market context from major commodity ETFs.
Price action
Price action
The USO ETF, which tracks WTI Crude Oil, was $159.60 as of Nov 2, 14:31 UTC and fell 5.47% from the prior close. The USO ETF's five-session change was -4.19%, according to Finnhub. The market snapshot covers major commodity ETFs.
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| WTI Crude Oil (via USO ETF) | $159.60 | -4.19% | -5.47% | Nov 2, 14:31 UTC | Finnhub |
Trend and momentum
Trend and momentum
MarketAlleys category desk trend signals list WTI Crude Oil as bullish and show RSI(14) 53.4. The close is 103.37, above the 50-day SMA 96.61 and above the long SMA 87.62; these reference points are presented for context.
| Instrument | Close | SMA50 | Long SMA | RSI(14) | Trend status |
|---|---|---|---|---|---|
| WTI Crude Oil | 103.37 | 96.61 | 87.62 | 53.4 | bullish |
Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Nov 1, 22:41 UTC); it is not a recommendation.
News flow
News flow
Reuters reported Asia's crude oil imports back to pre-war levels but refined fuels lag. Reuters reported Gold rebounds from one-year low as oil slides ahead of US midterms. cnbc.com published Everything changed for the oil, AI and bond trades over the past month.
- COMMENTARY: Asia's crude oil imports back to pre-war levels but refined fuels lag — Reuters, Nov 2, 11:17 UTC
- Gold rebounds from one-year low as oil slides ahead of US midterms — Reuters, Nov 2, 05:04 UTC
- Rupee ends little changed as traders stay cautious despite oil, dollar drop — Reuters, Nov 2, 02:57 UTC
- Everything changed for the oil, AI and bond trades over the past month — cnbc.com, Nov 1, 15:58 UTC
- Reliance earnings, lower oil prices power India's Sensex to near two-month high — Reuters, Nov 2, 02:42 UTC
Across commodities
Across commodities
As of Nov 2, 14:31 UTC, according to Finnhub, the USO ETF was trading lower while peers were mixed: the BNO ETF fell 5.34% from the prior close; the GLD ETF rose 1.69% from the prior close; the SLV ETF rose 2.91% from the prior close; the UNG ETF rose 2.31% from the prior close; and the CPER ETF rose 0.92% from the prior close.
| Instrument | Last | Change | Basis | As of | Source |
|---|---|---|---|---|---|
| US Dollar Index (via UUP ETF) | $28.93 | -0.24% | vs prior close | Nov 2, 14:31 UTC | Finnhub |
| Gold (via GLD ETF) | $361.78 | +1.69% | vs prior close | Nov 2, 14:31 UTC | Finnhub |
| Silver (via SLV ETF) | $45.90 | +2.91% | vs prior close | Nov 2, 14:31 UTC | Finnhub |
| Brent Crude (via BNO ETF) | $67.58 | -5.34% | vs prior close | Nov 2, 14:31 UTC | Finnhub |
| Natural Gas (via UNG ETF) | $9.2900 | +2.31% | vs prior close | Nov 2, 14:31 UTC | Finnhub |
| Copper (via CPER ETF) | $39.35 | +0.92% | vs prior close | Nov 2, 14:31 UTC | Finnhub |
Sources and data
- Reuters (secondary source) — COMMENTARY: Asia's crude oil imports back to pre-war levels but refined fuels lag
- cnbc.com (secondary source) — Everything changed for the oil, AI and bond trades over the past month
- Finnhub (market data) — market data
- U.S. Bureau of Labor Statistics (primary source) — calendar
- U.S. Energy Information Administration via FRED (primary source) — calendar
- Federal Reserve (primary source) — calendar
Market data as of Nov 2, 14:31 UTC; report generated Nov 2, 14:31 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
WTI crude
West Texas Intermediate, a light, sweet (low-sulphur) US crude oil and the main US price benchmark.
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
Relative Strength Index (RSI)
A momentum oscillator, developed by J.
Moving average
The average price over a rolling window, plotted to smooth out noise.
Sources & data
- Reuters (secondary, retrieved Nov 2, 2026, 02:35 PM UTC)
- cnbc.com (secondary, retrieved Nov 2, 2026, 02:35 PM UTC)
- Finnhub (market-data, retrieved Nov 2, 2026, 02:35 PM UTC)
- U.S. Bureau of Labor Statistics (primary, retrieved Nov 2, 2026, 02:35 PM UTC)
- U.S. Energy Information Administration via FRED (primary, retrieved Nov 2, 2026, 02:35 PM UTC)
- Federal Reserve (primary, retrieved Nov 2, 2026, 02:35 PM UTC)
Market data as of Nov 2, 2026, 02:31 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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