West Texas Intermediate Crude Oil


traders view logo Charts by TradingView

Pricing is indicative. Past performance is not a reliable indicator of future results. Log in to see latest markets data.

West Texas Intermediate Crude Oil Trading

Crude Oil History

Crude oil is a liquid in the Earth, and it is made of hydrocarbons, organic compounds, and tiny amounts of metal. There are many types of crude produced around the world, and the quality of each is reflected in the value. One of its quality characteristics is the sulfur content, which can be defined as sweet or sour, and density ranges from heavy to light. If crudes are light and sweet, there are more expensive as opposed to energy products such as diesel and gasoline. There is a high demand for these grades since they can be processed with refineries requiring less energy.

What are the types of crude oil?

Many types of crude oil differ in their consistency and density, depending on how and where it is extracted. There are over 160 types of crude oil traded on the market, but Brent Crude and WTI serve the most as the oil benchmarks in the global markets. The WTI oil is taken from Wells in the United States and sent to Oklahoma by pipeline. It is mostly referred to as US crude, and it has expensive shipping costs when there is demand around the world. The WTI oil is very sweet and light, making it ideal for gasoline refining. WTI is a higher quality crude than Brent, and it is always priced at a premium.

What affects the price of crude oil?

The Organization of the Petroleum Exporting Countries (OPEC) is a cartel of 14 major oil-producing nations seeking to manage the supply of the commodity to control its prices. When there is a meeting for whether to boost or cut production, it can impact current and future prices directly, and oil watchers globally closely follow the announcements. Another important factor affecting the prices is the major crude reports from the US inventory number as higher inventories will mean less demand from the international markets and will pressure the prices lower. Political factors or wars in oil-producing nations are a major issue in the oil markets, and natural disasters such as hurricanes that affect major oil infrastructures.

Crude Oil News

Oil prices extended losses on the 10th of February 2022 and were heading for a weekly fall as the prospect of increased Iranian oil exports eclipsed fears of potential supply disruption resulting from the Russia-Ukraine crisis. The US West Texas Intermediate (WTI) crude futures shed $2.39 (USD), or 2.6%, to $89.37 (USD) a barrel after sliding 2% on Thursday the 17th.

Gold v AUS Trading Trading FAQs

Crude oil is a mixture of hydrocarbons that exists as a liquid in the earth and remains a liquid when brought to the surface. Petroleum products are produced from the processing crude oil and other liquids at petroleum refineries, from the production of finished petroleum products at blending facilities and from the extraction of liquid hydrocarbons at natural gas processing plants.

Why Trade West Texas Intermediate Crude Oil with FP Markets? An Australian-regulated forex & CFD broker
go long or short
Go Long or Short

Increase your ability to profit in
all market conditions
Leverage options up to 20:1

direct market access
Direct Market Access (DMA) Execution

Real-time, transparent share prices
Control, Functionality and deep liquidity
Full Market depth & see your orders in the queue

advanced platforms
Advanced Platforms
& Technology

MT4, MT5, Webtrader & Iress with
superior client portal

24/5 Multilingual customer support
24/5 Multilingual
Customer Support

Award winning support &
personal account managers

global exposure
Global Exposure

Low margins and competitive commission
+10,000 products on global stocks
across 4 continents

earn dividends
Earn Dividends

On long positions
No ownership of physical
shares necessary

Start Trading
in Minutes

bullet Access 10,000+ financial instruments
bullet Auto open & close positions
bullet News & economic calendar
bullet Technical indicators & charts
bullet Many more tools included

By supplying your email you agree to FP Markets privacy policy and receive future marketing materials from FP Markets. You can unsubscribe at any time.




Source - database | Page ID - 4313

Get instant Updates in Telegram