Overview
CL (WTI crude on Hyperliquid) trades at $98.69, down 1.9% over 24 hours. Open interest stands at $246.4M. CL trades -3.19% to EIA spot as of Oct 27, 2026. The next scheduled catalyst is EIA Weekly Petroleum Status Report.
CL price
Key facts
Fundamentals
EIA week ending Oct 23, 2026
| Series | Latest | Prior | 4-week avg | 5-year avg |
|---|---|---|---|---|
| Crude stocks | 410,625 | 412,517 | 415,713 | 426,860 |
| Cushing | 26,970 | 27,594 | 26,479 | 24,800 |
| Refiner input | 16,526 | 16,649 | 16,568 | 15,478 |
| Net imports | 1,520 | 2,316 | 1,848 | 1,892 |
Crude stocks vs. 5-year seasonal band
Events
| Date | Event | Note | Reaction |
|---|
Reaction stats: average absolute move of Hyperliquid xyz:CL in the 30 minutes after each release. Sample size shown on every row.
Weekend tape
Hyperliquid trades CL around the clock; CME does not. This is how the Hyperliquid price moved between the CME Friday close (17:00 New York) and the Sunday reopen (18:00 New York).
Hyperliquid move while CME is closed
Hyperliquid weekend move vs CME reopen
Dots start from the weekend of Jun 26, 2026, the oldest reference price data. 8 counted weekends have no reference price, so they are in the bar chart but have no dot.
From the weekend of Apr 10, 2026, the oldest Hyperliquid hourly data available. Weekends in the xyz:CL roll window (business days 5–9 of the month) or next to a CL contract expiry are shown but not counted.
CME reopen is a proxy, not CME data: the Hyperliquid xyz:CL oracle 5 minutes after the reopen (it follows CME prices while CME is open), or Hyperliquid's own price 5–30 minutes after the reopen where no oracle reading was kept. A weekend is only scored when both the Hyperliquid move and the reopen are at least 0.5%: below that the direction is noise.
Positioning
COT as of Oct 27, 2026
| Cohort | Net | Size | Coverage | Change |
|---|---|---|---|---|
| CFTC managed money (NYMEX) | +31,128 contracts | 283,738 contracts | 7.5% | -5,059 contracts (1w) |
Spreads and carry
| Spread | Level | 30d change | Source |
|---|---|---|---|
| WTI–Brent | −$19.73 | $11.05 | EIA spot |
| CL–BRENTOIL perp spread | −$8.50 | — | Hyperliquid |
| 3-2-1 crack | $40.90/bbl | −$38.02 | EIA spot legs |
| Carry vs BRENTOIL | -3.62%/yr | — | Hyperliquid funding |
WTI–Brent, 12 months
FAQ
What is CL on Hyperliquid?
CL is a cash-settled WTI crude oil perpetual on the trade.xyz HIP-3 venue built on Hyperliquid, margined in USDC. It listed on May 27, 2026, and is one of the most traded non-crypto markets on Hyperliquid.
Can you trade oil on weekends on Hyperliquid?
Yes. Unlike CME WTI futures, which close on weekends, Hyperliquid's xyz:CL perpetual trades continuously, so it prices weekend news that CME-listed oil markets cannot react to until Monday.
How is the CL price set?
CL's mark price is set by Hyperliquid, currently $98.69, -1.9% over 24 hours. Faro reads mark price, oracle price, open interest and funding from Hyperliquid's own metaAndAssetCtxs feed, not a third-party aggregator.
What is the current CL funding rate?
CL funding is currently +0.0010% per hour, an annualized rate of +9.1%. Positive funding means longs pay shorts.
What is the maximum leverage on CL?
CL supports up to 20x leverage on Hyperliquid.
What is the difference between CL and BRENTOIL?
CL tracks WTI crude; xyz:BRENTOIL tracks Brent crude. Both are cash-settled perpetuals on Hyperliquid. The CL-BRENTOIL perp spread is currently −$8.50, read from both marks at the same instant. WTI-Brent spot, from EIA, currently reads −$19.73.
What is CL open interest today?
CL open interest is $246.4M, +37.7% over 24 hours.
How does Hyperliquid positioning compare with the CFTC COT report?
CFTC managed-money net on NYMEX WTI was +31,128 contracts as of the report dated Oct 27, 2026. That is a weekly, contract-based view of CME futures positioning, separate from the Hyperliquid tracked-wallet cohorts above, which update continuously.
When is the EIA crude inventory report released?
The EIA Weekly Petroleum Status Report is normally released Wednesdays at 10:30 ET, shifting to Thursday when a US federal holiday falls earlier that week. The next release is Nov 4, 2026.
What is the difference between the API and EIA inventory reports?
The American Petroleum Institute's weekly estimate comes out Tuesdays, a day ahead of the EIA's Wednesday release, and is subscriber-only. Faro shows the API release time slot and CL's reaction to it, never the API inventory figure itself.
How does CL usually move after the EIA report?
Not enough measured releases exist yet to publish a reliable average (n=0).
What is Cushing and why does it matter for WTI?
Cushing, Oklahoma is the physical delivery point for CME WTI futures and a key storage hub. EIA's latest Cushing crude stock reading is 26,970 thousand bbl, against a 5-year average of 24,800 thousand bbl. Tight Cushing storage tends to widen WTI's discount or premium to other grades.
What is the WTI–Brent spread?
WTI-Brent spot (EIA RWTC minus RBRTE) is currently −$19.73, as of Oct 27, 2026. A negative value means WTI trades below Brent, which is typical given WTI's inland US Gulf/landlocked delivery point.
What is the 3-2-1 crack spread?
The 3-2-1 crack spread (a rough refining margin of 2 barrels of gasoline and 1 barrel of heating oil against 3 barrels of WTI) is currently $40.90/bbl, as of Oct 27, 2026. Faro uses EIA's conventional NY Harbor gasoline series, since EIA has no RBOB spot series.
When does the WTI front-month contract expire?
The CME rule is 3 business days before the 25th calendar day of the month before delivery. The next front-month expiry is Nov 20, 2026.