# Surging U.S. Crude Exports Increases WTI’s Influence on Global Pricing

> CME analysis says surging US crude exports have made WTI a bigger influence on global pricing, with WTI now referencing about 24 million barrels per day of global volume. US crude production averaged 12.3 million barrels per day by May 2019, double the level of a decade earlier.

- Date: 2019-06-18 · published 2019-06-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/58760-surging-u-s-crude-exports-increases-wti-s-influence-on-global-pricing
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

WTI's growing role as a global benchmark affects how export-linked energy costs are priced, though it does not by itself move prices.

## Read by commodity

- WTI: neutral

## Sources

- cmegroup.com: https://www.cmegroup.com/education/articles-and-reports/surging-us-crude-exports-increase-wtis-global-pricing-influence

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.