This statistics represents the change in West Texas Intermediate oil prices from 1976 to 2013, in U.S. dollars per barrel. In 2008, one barrel of West Texas Intermediate crude oil was 99.06 U.S. dollars. WTI is a relatively light crude oil, also called Texas light sweet. It is used as a benchmark for oil pricing. Prices of West Texas Intermediate are often listed in oil price reports, alongside other important oil markers, like UK Brent or the OPEC basket.