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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 Mid 80.00s Possible if 91 Fails to Hold
Gold Slides As US Dollar Bulls Return Following Holiday Lull
USD strength ahead of ISM Manufacturing data has weighed on gold with tensions in Eastern Europe proving insufficient to bolster safe-haven buying.
US Dollar Advances to 7-Month High Against Leading Counterparts
The US Dollar continues to march higher against its leading counterparts, with prices advancing to the highest level in seven months.
Crude Oil Makes Tentative Upside Break, SPX 500 Stalling Above 2000
Crude oil prices have secured a tentative break to the upside while the SPX 500 has stalled after overcoming the closely monitored 2000 figure.
Gold Climbs On Ukrainian Turmoil, Crude Oil Cautiously Recovers
Crude oil continues its cautious recovery on the back of bumper US economic data, while upcoming US inflation data may offer gold guidance via its USD pairing.
Crude Holding Critical Price Level (92.73)
Crude Oil and Gold Attempt Recovery, SPX 500 Closes Above 2000
Crude oil and gold prices are attempting to launch a corrective bounce while the SPX 500 has finally managed to close above the 2000 figure.
Crude Oil Turns To Inventories, Silver At A Critical Juncture
Crude traders are awaiting guidance from upcoming inventories figures while the precious metals are left at a crossroads near key technical levels.
Crude 98.64 Remains Key on Swing Basis
Gold Vulnerable As Safe-Haven Demand Ebbs, Crude Awaiting Fresh Cues
Crude oil may lack the fundamental drive to yield a recovery, yet the magnitude of recent declines could set the commodity up for a consolidation.