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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

Gold, Crude Oil Vulnerable As Traders Look Past Ukrainian Tensions
Crude oil and gold may be at risk of a pullback as traders look past geopolitical tensions in Eastern European and the Middle East.
Gold Prices Resume Down Move, Eyeing July Swing Bottom
Gold has resumed its decline, with prices sinking toward July’s swing bottom. The US Dollar is attempting to renew its advance and the SPX 500 has set another record high.
Crude Oil At A Crossroads, Gold Could Remain Elevated As USD Drops
Crude oil may be set for a turbulent session with the possiblity that fading supply disruption fears could be offset by a bullish US inventories report.
US Dollar Touches One-Month High, Gold in Consolidation Mode
The US Dollar edged higher to touch the highest level in a month while gold prices are languishing in consolidation mode above $1300/oz.
Crude Looks To US Inventories, Gold Suffers As Safe-Haven Demand Ebbs
WTI may be set for a volatile session with US inventories data on tap, while gold and silver remain vulnerable as traders look past elevated geopolitical tensions.
Crude Oil Rebound Stalls, US Dollar Struggling to Build Higher
A rebound in crude oil prices has stalled below the $104.00 figure while the US Dollar is struggling to build higher after encountering familiar chart resistance.
Gold and Crude Vulnerable As Traders Look Past Geopolitical Tensions
Crude oil and gold may be in store for another turbelent week as traders assess the potential for the latest flare-up in regional conflicts to escalate.
Gold, Crude Prep For Volatility As Unrest In Eastern Europe Escalates
Gold and crude oil could be set for further volatility as heightened geopolitical tensions take the reigns with respect to the direction of the commodities.
Crude Oil Prices Rise Most in a Month, SPX 500 Drops to Trend Support
Crude oil prices posted their largest daily increase in a month while the SPX 500 has dropped to key support guiding the rising trend since mid-April.
Crude Turns Up Sharply; Fibonacci Resistance at 104.33