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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

Global Energy Security at Risk in Yemen; Oil and Gold Prices Rise
Conflict near one of the world's key transport bottlenecks has left commodity prices rising. Consequently RSI diverges on Oil.
Aussie, NZ Dollars Sink as Yemen Turmoil Drives Risk Aversion
The Australian and New Zealand Dollars sank as turmoil in Yemen pushed crude oil higher and fueled risk aversion in Asian trading hours.
Crude Oil Rebound Accelerates, 5-Month SPX 500 Uptrend at Risk
Crude oil prices are accelerating upward to probe above the $58.00 figure while the SPX 500 is threatening to overturn its five-month uptrend.
Crude Oil Stalls Below 57.00, SPX 500 May Be Forming Double Top
Crude oil prices continue to stall below the $57/barrel figure while the SPX 500 chart setup hints prices may be forming a double top near February’s swing top.
Strategy Video: Can We Measure Dollar, SPX, Oil Trader Participation and Int...
One of the more common conversations in trading circles is speculating 'who' is driving the market.
Crude Oil Rejected at Chart Resistance, SPX 500 Falters Above 2100
Crude oil prices were rejected downward following a test of three-week trend resistance while the SPX 500 faltered after a probe above the 2100 figure.
Crude Holding Outside Day Reversal; 47.80 is Key
Crude Oil, Gold Prices Try to Reverse Near-Term Down Trends
Crude oil and gold prices are attempting to overturn their near-term down trends while the SPX 500 is setting its sights on February’s swing top.
Gold, SPX 500 Pause to Consolidate Before Fed Announcement
Gold prices and the SPX 500 have paused to consolidate as financial markets await direction cues from a much-anticipated Federal Reserve policy announcement.
Crude Old Resistance Line Could Provide Support