Producer policy
Output targets set by OPEC+ and national producers shift global supply overnight.
A public index of global crude · Settled on Solana
The Oil Index Fund
OIF tracks the world's five leading oil benchmarks and publishes a single composite reading on a public ledger — open to every holder, readable by anyone, at any hour.
Official contract address
Contract address will be published at launch
38%
of U.S. energy comes from petroleum
#1
crude producer in the world since 2018
~20M
barrels consumed in America every day
~100M
barrels consumed worldwide every day
Source: U.S. Energy Information Administration
Our mandate
Price discovery for the commodity that built the modern world.
Oil prices are set on desks most people never see. The Oil Index Fund exists to bring that picture into public view: a single composite index of global crude, published on Solana, readable by anyone at any hour.
Index composition
Five benchmarks. One reading of the world's oil.
The composite is weighted across five crude benchmarks spanning the Americas, Europe, the Middle East and Asia.
BenchmarkPricing hubGradeWeight
West Texas IntermediateCushing, OklahomaLight sweet35%
Brent CrudeNorth SeaLight sweet30%
Dubai / OmanPersian GulfMedium sour15%
MurbanAbu DhabiLight sour10%
Western Canadian SelectHardisty, AlbertaHeavy sour10%
Weights are illustrative of the program design.
Methodology
How a barrel becomes a data point.
- Stage 1
Wellhead
Crude is produced and graded by density and sulfur content.
- Stage 2
Pricing hub
Barrels are traded at hubs such as Cushing and the North Sea.
- Stage 3
Benchmark
Exchanges publish settlement prices for each benchmark.
- Stage 4
Ledger
OIF weights the five benchmarks into one composite reading.
Energy market record
The price of American crude.
From the demand shock of 2020 to the supply pressures of 2022, the slide of 2025 and the 2026 rebound, the WTI benchmark records a market in motion.
2026 average · Jan–Oct
$86.69 / bbl
West Texas Intermediate
Cushing spot price · Annual average · USD per barrel
View price table
| Year | USD / barrel |
|---|---|
| 2019 | $56.99 |
| 2020 | $39.16 |
| 2021 | $68.13 |
| 2022 | $94.90 |
| 2023 | $77.58 |
| 2024 | $76.63 |
| 2025 | $65.39 |
| 2026* | $86.69 |
Source: U.S. Energy Information Administration, WTI annual spot prices. Annual averages through 2025. *2026 is the average of January–October monthly prices (EIA via FRED, checked Nov 5, 2026). Historical data, not a live quote. This is the crude-oil benchmark, not the price of OIF.
Domestic production
Where American oil comes from.
Eight regions account for the overwhelming share of U.S. crude output. Explore the map to see how production is distributed from the Permian Basin to the Arctic slope.
Stylized map, not to scale. Hover or select a region for detail.
Production figures are illustrative approximations for context, not official statistics. For current data, see the U.S. Energy Information Administration.
Market intelligence
What moves the price of a barrel.
Inventories
Weekly U.S. stockpile reports signal whether the market is tight or oversupplied.
Geopolitics
Shipping lanes, sanctions and conflict near producing regions add a risk premium.
The dollar
Crude is priced in dollars. A stronger dollar tends to weigh on prices abroad.
Refinery demand
Maintenance seasons and refining margins change how much crude is bought.
Seasonality
Summer driving and winter heating move demand for gasoline and distillates.
Research brief · 01
Concept only · Not an OIF offeringOil markets. A digital ownership layer.
Oil ETFs connect brokerage accounts to energy markets. Tokenization explores another layer: representing legally defined fund interests on a blockchain, with a public record of ownership and transfers.
01
The underlying fund
Many oil ETFs hold futures rather than physical barrels. Their returns can diverge from spot crude because of rolling contracts, fees and fund structure.
02
The digital record
In a properly structured offering, a token could represent a defined interest recorded on-chain. Custody, investor eligibility and legal ownership still need to be established.
03
The settlement layer
A blockchain could streamline permitted transfers and recordkeeping. Trading access, redemptions and distributions remain subject to the issuer's terms and applicable regulation.
Where OIF stands. This is a research direction, not a claim of asset backing. OIF is a community token, not an ETF or a tokenized fund share. It confers no rights to oil, ETF holdings, dividends or redemption, and its market price does not track crude oil.
The record
A century and a half of oil prices.
- 1859First commercial well
Edwin Drake strikes oil in Titusville, Pennsylvania.
- 1973The embargo
An export embargo quadruples prices and reshapes energy policy.
- 1983Crude goes to market
WTI futures begin trading on the NYMEX in New York.
- 2008The record high
WTI touches roughly $147 a barrel in July.
- 2018America leads
The U.S. becomes the world's largest crude producer.
- 2020Below zero
May WTI futures briefly settle under zero during lockdowns.
Program schedule
The OIF program, in four phases.
Phase IActive
Commissioning
Token launch on Solana, contract published, liquidity established.
Phase IIScheduled
Index publication
Public dashboard tracking the five-benchmark crude basket.
Phase IIIScheduled
Holder registry
On-ledger view of distribution and long-term holders.
Phase IVScheduled
Energy briefings
Weekly market briefings on supply, inventories and price drivers.
Specifications
Instrument details
- Instrument
- Oil Index Fund
- Ticker
- $OIF
- Network
- Solana
- Standard
- SPL token
- Custody
- Self-custody
- Venues
- Jupiter, Raydium
Questions
Frequently asked
What is OIF?+
OIF (Oil Index Fund) is a community token on Solana built around a public index of global crude benchmarks.
Does OIF hold physical oil or ETF shares?+
No. OIF holds no oil, futures or fund shares. Its price is set entirely by the market.
Are the figures on this page official statistics?+
The WTI chart uses historical annual average spot prices published by the U.S. Energy Information Administration; it is not a live quote or the OIF token price. Index weights and program phases are illustrative and subject to change.
Is OIF a tokenized oil ETF?+
No. The tokenization section describes a hypothetical model, not an available OIF product. OIF does not grant ETF ownership, oil exposure, redemption rights or a claim on underlying assets.
Is OIF connected to the U.S. Government?+
No. OIF is an independent community project with no affiliation to any government body or agency.