Price chart
Loading Hyperliquid candles…
About Crude Oil
CL tracks the value of 1 barrel of West Texas Intermediate (WTI) Light Sweet Crude Oil. WTI serves as a primary global benchmark for oil prices due to its high quality (low density, low sulfur).
On Hyperliquid, CL trades as a HIP-3 synthetic perpetual on the xyz decentralized exchange, with its own mark price, funding rate and liquidity.
CL is listed as a Hyperliquid HIP-3 perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: Energy, Commodities.
Frequently Asked Questions
- Does trading CL give me a claim on any physical oil?
- No. CL is a synthetic perpetual with no delivery mechanism — there is no physical crude oil backing the contract and no way to take delivery of it. It gives price exposure only.
- In what unit and currency is CL's price quoted?
- WTI crude oil is conventionally priced in U.S. dollars per barrel in global benchmark markets, and CL's price follows that same USD-per-barrel convention.
- How is CL different from other names, like BRENTOIL?
- CL tracks WTI, the U.S. benchmark crude grade priced off West Texas supply and demand. BRENTOIL, by contrast, tracks the global benchmark grade produced in the North Sea, which typically trades at a premium to WTI and reflects broader international oil-market conditions.
- What is CL on Hyperliquid?
- CL (WTIOIL) on Hyperliquid is a HIP-3 synthetic perpetual contract that tracks the value of 1 barrel of West Texas Intermediate (WTI) Light Sweet Crude Oil — a primary global benchmark for oil prices due to its high quality (low density, low sulfur). It trades 24/7 on the xyz decentralized exchange within the Hyperliquid ecosystem.
- Why can CL's Hyperliquid price differ from the underlying market's price?
- CL's price on Hyperliquid comes from a synthetic market with no delivery mechanism or arbitrage bridge to the underlying, so nothing forces the two to match at all times. The perpetual's price is driven by positioning, expectations, and funding rates on Hyperliquid, and significant divergence from the underlying price is possible.
- Can I trade CL on Hyperliquid around the clock?
- Yes. CL trades 24/7 as a HIP-3 synthetic perpetual on the xyz decentralized exchange within the Hyperliquid ecosystem, with no settlement delay — you can open, hedge, or close a position at any time, even outside the underlying market's regular trading hours.
Related instruments
Other HIP-3 markets sharing this asset's sectors.
Related articles
- Trading Perpetual Futures: How They Work and What You Need to KnowUnderstand perpetual swaps (perps), how they differ from dated futures, how funding rates anchor their price to spot, and basis risk.
- Crypto Funding Rates: What They Are, Who Pays, and How to Trade ThemLearn how crypto funding rates work, how to calculate positive and negative funding fees, and how to read funding dashboards like Coinglass to predict market moves.
- Open Interest in Crypto: What It Tells You and How to Read ItUnderstand what Open Interest (OI) measures, how it differs from trading volume, and how to analyze price and OI trends to detect market squeezes.
