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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

Oil at Five-month Low as Iran Positions for Post-sanction Exports
Oil staged big loss as reports of projected Iranian oil heightened an existing supply glut. Both WTI and Brent oil are at their multi-month lows
Crude Oil Technical Analysis: Aiming to Extend Down Move
Crude oil prices look poised to extend losses after a drop through the March low delivered the weakest levels in six months.
Crude Oil Under Pressure Anew, SPX 500 Aims to Extend Recovery
Crude oil prices are back under pressure after a brief respite while the SPX 500 is aiming to extend recovery following a narrow break of chart resistance.
Commodities Reverses Gains as Dollar Firms after Fed and GDP Data
A faster second quarter growth in the U.S. supported expectations for an interest rate rise, which boosted the dollar and led to declines in commodities. Gold lost its appeal while rate hike looms.
Crude Pops after Outside Day Reversal; Hits Median Line
Gold and Crude Oil Still Range-Bound as SPX 500 Recovers
Gold and crude oil prices continue to digest losses while the SPX 500 has extended its recovery, with prices reclaiming a hold on the 2100 figure.
Oil Climbs on Surprise Drop in U.S. Inventories
Oil advanced after EIA reported a drop in U.S. stockpiles as opposed to an expected increase. The Federal Reserve statement prompted a moderate US dollar gain.
USDCAD Plummets Following US Oil Inventories Data
USDCAD took a major hit following big misses in Oil inventories data. Here’s what to watch.
Copper Jumps On Supply Disruption and Chinese Market Recovery
Copper jumped on a second day, prompted by a combination of supply disruption and Chinese stock market recovery. Commodity prices also lifted with US dollar in a third day of losses.
Crude Oil, Gold Treading Water as SPX 500 Tries to Launch Recovery
Crude oil and gold prices are consolidating losses while the SPX 500 is attempting to launch a recovery after snapping a three-day losing streak.