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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 Holds Up at $1200, SPX 500 Remains in Consolidation Mode
Gold prices are attempting to edge higher having held support near the $1200/oz figure while the SPX 500 remains locked in consolidation after rising to a record high.
Crude Bearish Slope Reasserts
Copper Retraces Off 2015 Low, Yet Will the Momentum Prevail?
While recent activity has elevated the price of copper, the primary trend may endure as the ISCG projects a supply surplus in 2015 and Goldman Sachs has lowered their price forecast.
Crude Oil Rebound Resumes, SPX 500 Stalls After Hitting Record High
Crude oil prices resumed their month-long recovery after a brief pullback while the SPX 500 has paused to digest gains after advancing to another record high.
Equilibrium Remains Elusive: Oil Trades Under $50 as Inventories Rise
Oil's next direction remains unclear; while China's expansionary PMI may boost demand, supply remains in excess as U.S. crude inventories and production were again elevated last week.
Price & Time: The March Inflection Point in Crude
Key cyclical relationships converging soon in Crude...
Price & Time:The March Inflection Point in Crude
Key cyclical relationships converging soon in Crude...
Gold Tries to Launch Recovery, SPX 500 Resumes Upward Push
Gold prices are attempting to launch a rebound from chart support while the SPX 500 has resumed its ascent after a brief digestion period, setting another record high.
Crude at Risk of Getting Drilled Again
Gold, Crude Oil Stall at Chart Barriers as SPX 500 Digests Gains
Crude oil and gold prices are in consolidation mode at chart barriers while the SPX 500 is consolidating gains after establishing a new record high.