Commodity ratio · live
Steel to Crude Oil WTI Futures Ratio
The steel to crude oil wti futures ratio is 35.78 — Steel at $3,066.00 per Metric Ton divided by Crude Oil WTI Futures at $85.69 per Barrel.
Prices as of Aug 24, 2026, 12:26 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Crude Oil WTI Futures ratio
1.000 T of steel = 35.780 Bbl of crude oil wti futures
Inverse (WTIOIL-FUT/STEEL): 0.02795 — one Barrel of crude oil wti futures buys that much steel.
Close to the middle of its 1 year range. (31th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Crude Oil WTI Futures
$85.69
per Barrel
Unit basis: CNY per Metric Ton ÷ USD per Barrel. The ratio reads as Barrels of crude oil wti futures per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 12:26:17 GMT.
These two commodities are quoted in different currencies (CNY and USD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
44.00
median 48.22
1Y low
26.76
Apr 6, 2026
1Y high
56.85
Jan 7, 2026
Normal band
35.39–52.60
mean ± 1 std dev
Deviation from mean
-0.96σ
268 observations
Steel to Crude Oil WTI Futures ratio charts
Pick a range once — it applies to the STEEL/WTIOIL-FUT ratio line, the OHLC candles and the Steel / Crude Oil WTI Futures price chart below.
STEEL/WTIOIL-FUT ratio line
How many Bbl of Crude Oil WTI Futures one T of Steel buys, over 1Y.
STEEL/WTIOIL-FUT ratio candles
Open, high, low and close of the STEEL/WTIOIL-FUT ratio for each period in the last 1Y.
Steel and Crude Oil WTI Futures prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the steel to crude oil wti futures ratio
Steel to Crude Oil WTI Futures ratio = Steel price per Metric Ton ÷ Crude Oil WTI Futures price per Barrel
The two legs use different units, so the result is a rate — Barrels of crude oil wti futures per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $85.69 = 35.78. The inverse is 0.02795.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the steel to crude oil wti futures ratio today?
The steel to crude oil wti futures ratio is 35.78 — Steel at $3,066.00 per Metric Ton divided by Crude Oil WTI Futures at $85.69 per Barrel, from live mid-market prices.
How do you calculate the steel to crude oil wti futures ratio?
Divide the steel price per Metric Ton by the crude oil wti futures price per Barrel. If the two units differ, the result is a rate rather than a plain count — read it as Barrels of crude oil wti futures per Metric Ton of steel.
What is the inverse of the steel to crude oil wti futures ratio?
The inverse, crude oil wti futures to steel, is 0.02795 — how many Metric Tons of steel one Barrel of crude oil wti futures buys.