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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 Braces For Volatility Ahead of Yellen, Crude Oil Consolidates
Gold is hanging its hopes on a dovish address from Fed Chair Janet Yellen at Jackson Hole, while crude is left lacking direction with fundamental cues absent.
Crude Oil Left Wanting For Bullish Cues, Gold Dumped As USD Gains
Gold and crude oil remain in a precarious position as the latest flare-up in the Iraqi turmoil fails to catalyze a recovery for the pair alongside broad-based USD strength.
Crude 98.64 Remains Key on Swing Basis
Crude Braces For Volatility On Inventories, Gold Awaiting Fed Minutes
Crude oil is bracing for another round of volatility on the back of upcoming US inventories figures, while gold’s hopes hang on a dovish set of FOMC Minutes.
Gold Selloff Continues, US Dollar Rally Regains Momentum
Gold continues to move lower, registering its third consecutive daily loss, while the US Dollar rally has regained momentum to bring prices to a 6-month high.
Crude Breakdown Nears YTD Low
Crude Oil Prices May Rebound After Sliding to a 14-Month Low
Crude oil may launch a recovery after prices slid to the weakest in 14 months. The US Dollar remains vulnerable to a corrective pullback.
Crude Sees Corrective Bounce, Gold At Risk As Ukraine Concerns Fade
Crude may struggle to a sustain a recovery with supportive news flow lacking, meanwhile gold remains at risk as traders look past Ukrainian tensions.
Crude Oil Braces For Further Swings, Gold Suffers As Haven Demand Ebbs
Crude oil has demonstrated a hyper-sensitivity to geopolitical flare-ups in recent trading, which may leave it prone to further volatility over the week ahead.
US Dollar at Risk of Pullback, Crude Oil Chart Setup Hints at Bounce
US Dollar technical positioning hints a pullback is brewing ahead while crude oil may be readying to launch a recovery after hitting a seven-month low.