Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

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 Weakness Seen Ahead, SPX 500 Recovery Loses Steam
Crude oil prices look poised for deeper losses after prices broke trend support while a recovery in the SPX 500 has lost steam ahead of chart resistance.
Crude Rally from January a Completed Correction?
Crude Oil Consolidates, Awaiting Greek Referendum and Iran Deal
Crude oil price consolidate as markets look towards the outcomes of Greece’s debt deal referendum while Western powers’ accord with Iran has been delayed.
Crude Rips from Lower Parallel Support Line
Crude Oil Breaks 5-Month Uptrend, SPX 500 Drops Most in Over a Year
Crude oil appears to be resuming last year’s down trend after breaking five-month support while the SPX 500 has dropped the most in over a year.
Break Coming in Crude?
Oil reaches infelction point
Crude Oil and Gold Mark Time as SPX 500 Retreat Continues
Crude oil and gold prices are marking time at familiar chart support levels while the SPX 500 continues to correct downward, sliding to a weekly low.
Crude False Start? Watch for Support Near 57.91 If Reached
Crude Oil Fell On Exceedingly High Gasoline Inventories
Oil prices declined as increasing gasoline inventories weighed on crude oil demand expectations. Copper rose as China expanded stimulus efforts.
Crude Oil Range-Bound, SPX 500 Chart Hints at Downturn Ahead
Crude oil prices remain locked in a familiar range while SPX 500 technical positioning hints a move downward may be brewing ahead.