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Crude Oil

Crude Oil is a naturally occurring liquid fossil fuel resulting from plants and animals buried underground and exposed to extreme heat and pressure. Crude oil is one of the most demanded commodities and prices have significantly increased in recent times. Two major benchmarks for pricing crude oil are the United States’ WTI (West Texas Intermediate) and United Kingdom’s Brent. The differences between WTI and Brent include not only price but oil type as well, with WTI producing crude oil with a different density and sulfur content. The demand for crude oil is dependent on global economic conditions as well as market speculation. Crude oil prices are commonly measured in USD. Although there have been discussions of replacing the USD with another trade currency for crude oil, no definitive actions have been taken.

Crude Oil Price Chart (Brent)

Crude Oil Price Chart (WTI)

Crude Oil News & Analysis

Crude Oil Levitates to Range Top, SPX 500 Digesting Near Record Highs
Crude oil has drifted upward to the top of its range below the $70/barrel figure once again while the SPX 500 is in digestion mode after hitting record highs.
Crude Dip Complete?
Gold and Crude Oil Consolidate After Suffering Deep Losses
Crude oil and gold prices are digesting after suffering large draw-downs while the US Dollar has extended its recovery for a fourth consecutive day.
Crude Oil and Gold Prices Face Renewed Selling Pressure
Crude oil and gold prices are facing renewed selling pressure as the US Dollar issues the largest daily advance in two months.
Crude Could Get Drilled into the 52s
Gold Hits 3-Month High, SPX 500 Secures Topside Breakout
Gold prices are digesting gains after rising to the strongest level in 3 months while the SPX 500 secured a push above range resistance to hit a record high.
Crude Top Warning as High Fails to Reach Resistance Line
Crude Oil Tries to Resume Advance, SPX 500 Struggles at Resistance
Crude oil prices are attempting to regain upside momentum after a brief pullback while the SPX 500 continues to struggle at a 3-month range top.
Crude Continues to Respect Supports
Crude Oil Drops to 2-Week Low, SPX 500 Rejected at Range Top Again
Crude oil prices have retreated to touch the lowest level in two weeks while the SPX 500 has been rejected at a familiar range top marked by February’s high.