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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 Rises on Short-Covering; Copper and Risk Leap at Upbeat China PMI
Risk appetite returns, commodities bounce after upbeat China PMIs. Gold traders are squeezed out of shorts. Oil stays pressured before OPEC
WTI Crude Oil Price Forecast: Double-Bottom Pattern Favored Above $43.43
Oil looks to finish off its worst month of price performance since July by falling nearly 11%, but there's hope yet for bulls.
Oil Price Routs before OPEC Meeting; China Copper Cutbacks Disappoint
Oil slid on OPEC’s glut idea before semi-annual meeting. China’s 5% output cuts disappointed copper. Gold at 6-year low in an eventful week
Chinese Supportive Measures Lift Copper while Soft Data Dampens Oil
Oil falls on tepid China's industrial profit data, amid constant pressure from supply glut, while Copper rallies as more reports emerged that China could buy up surplus and curb short-sales
Copper Jumps to Report China Will Probe Short Sales; Oil, Gold Steady
Copper, metals jump after report that Chinese regulators may investigate short-selling. Oil steadies following a drop in rigs and stocks
Oil and Gold Prices Rise on Geopolitical Tension while Metals Recover
Oil rallied to political risk and physical demand as gold also rode the flight to safety. Metals got a lift from oil gain and lower US dollar
USD/CAD Technical Analysis: October Trendline Support Breaks
The US dollar continues to struggle within a corrective channel, which is letting CAD gain ground.
Price & Time: Big Mile Marker For Crude Oil
Upcoming weeks are going to be critical for Crude Oil WTI as there is an upcoming timing support.
WTI Crude Oil Price Forecast: Oil Rises Alongside Syrian Tensions
Fundamentals could shift sentiment bullish for oil, resistance remains ahead for oil and $40 support is holding.
Oil Price Calms after Saudi-Led Rally; Copper Nears Multi-Year Low
Commodities trade in range after an oil rally as Saudi called for price moderation. Copper and gold prices lingers near multi-year lows

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