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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 Price: Sharp Upward Surge Unlikely to Last
Oil Fades Knee-Jerk Rally, Gold Bets Surge on Low China Factory Gauge
Oil faded knee-jerk rally on OPEC, EIA reports. Gold surged on multi-year low China Manufacture Index. Copper steadied with China stocks
USDCAD Hit Fresh Low as US Crude Oil Broke above the 48 Dollar Mark
Crude oil pared the decline from earlier this month, with prices pushing back above the $48 mark amid growing speculation for a reduction in supply.
Oil, Copper Drop as China Jitters Linger. Gold Muted amid Macro Events
Oil weighed by solid supply. Copper weakened before China factory gauge. Gold subdued amid China stimulus, Non-farm Payrolls
Crude Oil Price: Two-Month Down Trend Broken
Commodities Steady Post Rally with Support from Extra China Stimulus
Commodities found support at elevated levels with newly announced stimulus measures from China, after propelled by stock gains overnight
Oil and Copper Rally with Stocks. Gold Subdued before Jackson Hole
Oil, Copper are rising toward this week’s highs following equity rallies in US and Asia. Gold is subdued before a central bankers’ summit.
Copper Retreats Depsite China Measures. Gold Fades Safety Bets
China’s measures to revive stocks and economy failed to prop up copper though oil sustained gains. Gold lost appeal as safety bets shifted
Crude Oil Price: Eight-Day Losing Streak Broken
Crude Support of Last Resort?