WTI formula basis

WTI formula basis

This video explains the ins and outs of Argus’ WTI formula basis and how it represents the outright price at Cushing.

What is the WTI formula basis?

Argus’ WTI formula basis represents the outright price at Cushing that is used as the basis for pricing all other Argus US Gulf coast physical crudes.

How is the WTI formula basis used?

Outright prices for all Argus-assessed physical grades in the US Gulf coast are calculated by adding a market-traded differential to the Argus WTI formula outright price.

Why doesn’t the WTI formula basis match Nymex WTI?

Although the WTI formula basis equals the Nymex light crude settlement at Cushing for most of the month, it does not match for the three working days after the Nymex expiry.

Contact us

Argus produces information and services for global markets, which requires Argus to share your personal information with Argus group companies and service providers that are based both within and outside of the European Economic Area (EEA). Argus Media may use the details submitted to send you information about related Argus products and services which may be of interest to your business. You can unsubscribe from these updates at any time. We manage your personal data in accordance with our privacy policy.

Please enter your first name
The length cannot exceed 300 characters.
Please enter your last name
The length cannot exceed 300 characters.
Please enter your email
Please fill in a valid email address
Please enter your company name
Job title
Please fill in a valid telephone number
Please select country/region
Please select your primary market