WTI Crude Oil (CL=F)
WTI Crude Oil futures continuous contract ($/bbl, daily)
| Property | Value |
|---|---|
| Category | macro |
| Unit | $/bbl |
| Resolution | 1d |
| Assets | MACRO |
| Tier | Basic |
| API Endpoint | GET /v1/macro/markets |
| Field | wti_oil |
Overview
West Texas Intermediate (WTI) Crude Oil front-month continuous futures (CL=F), the primary US oil benchmark, priced in dollars per barrel. Daily settlement values from NYMEX/CME, sourced via Yahoo Finance.
Interpretation
- Rising oil: typically reflects strong global demand, supply disruptions, or geopolitical risk premium — can fuel inflation.
- Falling oil: weak demand, supply surplus, or risk-off — disinflationary, often coincident with global growth concerns.
- Oil shocks transmit into headline inflation and bond yields, indirectly affecting BTC via the Fed reaction function.
Use Cases
- Use as a headline commodity input for BTC inflation-regime overlays.
- Combine with
macro_cpito gauge near-term headline inflation pressure. - Compare with
macro_dxy(typically inversely correlated) andmacro_gold_futuresto assess broad commodity-cycle dynamics that influence BTC.
API Usage
curl -H "Authorization: Bearer YOUR_API_KEY" \
"https://api.blocklens.co/v1/macro/markets?start_date=2024-01-01&end_date=2024-12-31&limit=365"
Related Metrics
- US Dollar Index (DXY) — ICE US Dollar Index DX-Y.NYB (points, daily)
- SPDR S&P 500 ETF (SPY) — S&P 500 ETF closing price ($, daily)
- CPI (All Urban) — Consumer Price Index for all urban consumers (index, monthly)
- VIX Volatility Index — CBOE Volatility Index (points, daily)