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Crude Oil WTI Futures to Steel Ratio
The crude oil wti futures to steel ratio is 0.02795 — Crude Oil WTI Futures at $85.69 per Barrel divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 12:26 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Crude Oil WTI Futures to Steel ratio
1.000 Bbl of crude oil wti futures = 0.02795 T of steel
Inverse (STEEL/WTIOIL-FUT): 35.78 — one Metric Ton of steel buys that much crude oil wti futures.
Close to the middle of its 1 year range. (69th percentile of the last 1 year)
Crude Oil WTI Futures
$85.69
per Barrel
Steel
¥3,066.00
per Metric Ton
Unit basis: USD per Barrel ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Barrel of crude oil wti futures. Prices as of Mon, 24 Aug 2026 12:26:17 GMT.
These two commodities are quoted in different currencies (USD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.02374
median 0.02074
1Y low
0.01759
Jan 7, 2026
1Y high
0.03737
Apr 6, 2026
Normal band
0.01853–0.02895
mean ± 1 std dev
Deviation from mean
+0.81σ
268 observations
Crude Oil WTI Futures to Steel ratio charts
Pick a range once — it applies to the WTIOIL-FUT/STEEL ratio line, the OHLC candles and the Crude Oil WTI Futures / Steel price chart below.
WTIOIL-FUT/STEEL ratio line
How many T of Steel one Bbl of Crude Oil WTI Futures buys, over 1Y.
WTIOIL-FUT/STEEL ratio candles
Open, high, low and close of the WTIOIL-FUT/STEEL ratio for each period in the last 1Y.
Crude Oil WTI Futures and Steel prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the crude oil wti futures to steel ratio
Crude Oil WTI Futures to Steel ratio = Crude Oil WTI Futures price per Barrel ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per Barrel of crude oil wti futures — rather than a plain count.
Worked example, live prices: $85.69 ÷ $3,066.00 = 0.02795. The inverse is 35.78.
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 crude oil wti futures to steel ratio today?
The crude oil wti futures to steel ratio is 0.02795 — Crude Oil WTI Futures at $85.69 per Barrel divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the crude oil wti futures to steel ratio?
Divide the crude oil wti futures price per Barrel by the steel price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of steel per Barrel of crude oil wti futures.
What is the inverse of the crude oil wti futures to steel ratio?
The inverse, steel to crude oil wti futures, is 35.78 — how many Barrels of crude oil wti futures one Metric Ton of steel buys.