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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 86.64 is in Focus as Long as Below 95.16
Crude Oil Recovers On China PMI Beat, Gold Firmer Ahead Of US Data
A better-than-anticipated Chinese manufacturing reading has helped bolster crude oil and copper, while the US Dollar awaits inspiration from upcoming PMI data.
Precious Metals Pummeled, Crude and Copper Slump Ahead Of China Data
The commodities space has seen a sea of red in Asian trading today following a break of key technical levels alongside speculation over upcoming Chinese PMI figures.
Crude Early September High is Important to Near Term Trend
Gold And Silver Cling To Key Technical Levels In FOMC Aftermath
Gold and silver are in a precarious position near noteworthy support levels as firming Fed rate hike expectations threaten to topple the pair.
Gold Braces For FOMC Meeting, Crude Rebounds Ahead Of Inventories Data
Gold is primed for a volatile session as pressure mounts on the FOMC to deliver firmer guidance on rates, which in turn may make-or-break the greenback.
Crude Rebound Could Reach 98.73-100.73
Crude Oil May Bounce at 17-Month Low, SPX 500 Avoids Breakdown
Crude oil technical positioning hints prices may bounce after hitting a 17-month low. The SPX 500 dipped to the weakest in a month but avoided an outright breakdown.
COT: Crude Positioning at November 2013 Level
Crude positioning is moderating from its record extreme seen in June but the ownership profile still suggests plenty of downside.
Crude Oil Slammed As Chinese Demand Concerns Rekindled By Data Slump
Crude oil has been sent reeling in Asian trading following a slump in Chinese Industrial Production, which has overshadowed Russian supply disruption fears.