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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 Remains Vulnerable As OPEC Fans Global Supply Glut Concerns
Crude may extend its recent declines as OPEC inaction bolsters expectations for ample global supplies, meanwhile a light US docket may afford gold some breathing space.
Video: Euro Faces Another Round of Data, Oil Collapses
Holiday conditions in one region of the global financial system does not mean volatility and trend development is disarmed. Oil proved the markets are still very active
Crude Oil Declines after OPEC Meeting
After a reportedly tense debate, the world’s largest collective oil producer announced it would not cut production. The result was crude’s biggest one-day drop in three years.
Crude Crumbles On OPEC Inaction Speculation, Silver Slips
WTI has slipped to a fresh 2014 low ahead of the much-anticipated OPEC pow-wow, while the precious metals are facing heightened volatility on thin trading conditions.
Gold Reversal May Be at Hand, Crude Oil Back on the Defensive
Gold may have initiated resumption of its long-term down trend while crude oil prices are back on the defensive following a brief corrective bounce.
Crude Near Key Support as OPEC Meeting, US Inventories Data Loom
Crude oil faces a make-or-break moment near key support with a meeting from OPEC producers and US Inventories data on tap.
Crude 72 Could Trigger a BIG Reversal
USD/RUB Exhibits High Volatility, Ending 5 Day Descent
Intertwined with oil prices, the ruble has exhibited high volatility retracing nearly 40% after a 5 day decline.
Precious Metals Exposed To Greenback Gains On Top-Tier US Data
The precious metals may be vulnerable to a stronger greenback with top-tier US data on tap, while crude could remain under pressure as supply glut concerns linger.
Crude Oil Rebound Stumbles, SPX 500 Rally Accelerates Anew
Crude oil prices stumbled at chart resistance attempted a rebound from monthly lows while the SPX 500 reaccelerated, rising the most in a week.