Pyth Network has launched a continuously updated crude oil composite index that integrates on-chain and off-chain data to provide real-time pricing when traditional benchmark prices such as WTI crude oil futures on the New York Mercantile Exchange stagnate. The index launch comes at a time of heightened Middle East tensions causing oil market volatility, with the tensions disrupting supply chains and spurring significant on-chain trading activity, such as recent daily trading volume for WTI crude on the Hyperliquid platform exceeding $1 billion during peak periods. The index is the first in a series of always-on proprietary indices the oracle provider plans to launch.