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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 Oil Hits 4-Month High, SPX 500 Threatens Range Top Break
Crude oil prices have resumed their recovery, hitting a four-month high, while the SPX 500 is threatening a break of the range top in place since late February.
Crude Continues to Hold Key Bullish Line
Crude Oil Drops Most in Two Weeks, SPX 500 Marking Time
Crude oil prices turned lower anew, issuing the largest decline in two weeks, while the SPX 500 continues to mark time below a familiar range top.
Crude Holding Breakout; Median Line is Key
Crude Oil Poised to Renew Rebound, SPX 500 Recoils from Range Top
Crude oil prices are poised to continue higher after hitting a four-month high while the SPX 500 has recoiled downward from familiar range resistance.
Crude Oil Aims to Extend Gains After Hitting 4-Month High
Crude oil aims to continue upward after hitting a four-month high. The SPX 500 continues to tread water below a familiar range top.
Crude Threatening a Breakout That Could Reach 67
Crude Oil Rallies Most in 2 Months, SPX 500 Retesting Range Top
Crude oil prices issued the largest daily advance in two months while the SPX 500 has moved to retest the range top capping gains since late February.
Crude Oil Attempting Breakout, SPX 500 Vulnerable to Weakness
Crude oil prices are attempting to secure an upside breakout while SPX 500 technical positioning continues to warn of on-coming weakness.
Crude Another Big Resistance Test