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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

Norwegian Krone Under Pressure as Oil Drops
As a sizable portion of Norway’s exports, revenue and GDP, oil prices have placed the NOK under pressure.
Crude Recovery May Be Limited, Natural Gas Braces For Storage Data
Crude’s rebound could prove limited as recent inventories data reaffirms the supply glut theme, meanwhile natural gas faces further volatility on upcoming storage data.
Left Exposed to the Price of Oil, Canadian GDP is Revised Down
In transitioning the economy toward capital spending and exports, the CAD has been left exposed to the fluctuations in oil prices. As oil falls USDCAD reaches multi-year high.
Crude Oil Rout Continues, SPX 500 Vulnerable to Deeper Losses
Crude oil selling continues, with prices on pace to register a sixth consecutive down day, while the SPX 500 looks vulnerable to deeper losses after a support break.
Crude Remains At Risk On US Inventories, Gold Braces For FOMC Decision
Crude oil may remain under pressure if upcoming US Inventories Data feeds supply glut concerns, while gold faces significant volatility on the back of the Fed decision.
Crude 53 Not So Crazy Anymore!
Sweden’s Riksbank Extends Zero Repo Rate Beyond Mid-2016
After assessing the financial markets in conjunction with Sweden’s economic outlook, the Riksbank has elected to extend the zero repo rate into the latter half of 2016.
Crude Oil, RUB Meltdown Continue - Not Impacting USD Profit Taking
Even as USDRUB moves beyond 70 and higher for the first time ever, the benefits achieved by the US Dollar have been limited.
Crude Continues To Crumble, Silver Leads Precious Metals Lower
The commodities space saw a sea of red at the outset of the week as USD gains kept pressure on the precious metals, while supply glut concerns weighed on WTI.
Price & Time: Crude Reprieve Ahead?
Crude sentiment at contrarian extremes...