Trade WTI crude oil with a bot
On AlgoBars you can build a WTI crude oil trading bot in plain English, with no-code blocks or in AlgoBarsX, backtest it free and run it 24/7 on AlgoBars servers without a VPS. One standard lot of WTI on AlgoBars is 1,000 barrels. A $0.01 move is worth $10 per lot; a $1 move is $1,000. WTI crude oil is mostly moved by supply decisions such as OPEC+, weekly US inventory data, and global demand.
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Key facts
From the AlgoBars market list. Contract sizes and hours can differ at your broker.
| WTI crude oil | |
|---|---|
| Symbol on AlgoBars | WTI |
| Standard lot | 1,000 barrels |
| Value of a move | A $0.01 move is worth $10 per lot; a $1 move is $1,000. |
| When it trades | Trades almost 24 hours a day on weekdays, with a daily break; exact hours depend on your broker. |
| What moves it | Supply decisions such as OPEC+, weekly US inventory data, and global demand. |
How to automate WTI crude oil
- Describe your idea in plain English, or use no-code blocks or AlgoBarsX.
- Backtest it free, then walk-forward test it on data it has not seen.
- Set risk per trade and a daily loss limit.
- Switch it on. It runs 24/7 on your connected broker.
Useful tools
Good to know
Trading involves significant risk of loss. Leveraged products can move against you quickly. Nothing here is financial advice.
Frequently asked questions
How much is one lot of WTI crude oil worth per move?
A $0.01 move is worth $10 per lot; a $1 move is $1,000.
Can I automate WTI crude oil trading for free?
Yes. Building and backtesting bots is free, and automation on integrated brokers is free.
When does WTI crude oil trade?
Trades almost 24 hours a day on weekdays, with a daily break; exact hours depend on your broker.