WTI crude oil price chart 2018

WTI Crude Oil Prices, Feb 2017 – Feb 2018

Eric Garland DataLab

Since so much geopolitical shift happens because of fossil fuel prices, we keep a close watch on major indicators such as the West Texas Intermediate, or WTI Crude Oil price.

The greatest geopolitical shift right now of course involves the declining fortunes of the Russian Federation, the economy of which is strictly tied to fossil fuel markets.

This chart of WTI crude oil price might indicate a future boon, but alas, sanctions.