Crude Oil

Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, and impact of politics stemming from OPEC. Short for the Organization of the Petroleum Exporting Countries, OPEC operates as an intergovernmental organization of 13 countries, helping set and dictate the global oil market.How to Trade Crude Oil Crude oil is most commonly traded as an exchange-traded fund (ETF) or through other instruments with exposure to it. This includes energy stocks, the USD/CAD, and other investing options. Crude oil itself is traded across a duality of markets, including the West Texas Intermediate Crude (WTI) and Brent crude. Brent is the more relied upon index in recent years, while WTI is more heavily traded across futures trading at the time of writing. Other than geopolitical events or decisions by OPEC, crude oil can move due to a variety of different ways. The most basic is through simple supply and demand, which is affected by global output. Increased industrial output, economic prosperity, and other factors all play a role in crude prices. By extension, recessions, lockdowns, or other stifling factors can also influence crude prices. For example, an oversupply or mitigated demand due to the aforementioned factors would result in lower crude prices. This is due to traders selling crude oil futures or other instruments. Should demand rise or production plateau, traders will bid increasingly on crude, whereby driving prices up.
Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, and impact of politics stemming from OPEC. Short for the Organization of the Petroleum Exporting Countries, OPEC operates as an intergovernmental organization of 13 countries, helping set and dictate the global oil market.How to Trade Crude Oil Crude oil is most commonly traded as an exchange-traded fund (ETF) or through other instruments with exposure to it. This includes energy stocks, the USD/CAD, and other investing options. Crude oil itself is traded across a duality of markets, including the West Texas Intermediate Crude (WTI) and Brent crude. Brent is the more relied upon index in recent years, while WTI is more heavily traded across futures trading at the time of writing. Other than geopolitical events or decisions by OPEC, crude oil can move due to a variety of different ways. The most basic is through simple supply and demand, which is affected by global output. Increased industrial output, economic prosperity, and other factors all play a role in crude prices. By extension, recessions, lockdowns, or other stifling factors can also influence crude prices. For example, an oversupply or mitigated demand due to the aforementioned factors would result in lower crude prices. This is due to traders selling crude oil futures or other instruments. Should demand rise or production plateau, traders will bid increasingly on crude, whereby driving prices up.

Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics.

The instrument is strategically relied upon and situated in the global economy.

Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies.

Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, and impact of politics stemming from OPEC.

Short for the Organization of the Petroleum Exporting Countries, OPEC operates as an intergovernmental organization of 13 countries, helping set and dictate the global oil market.

How to Trade Crude Oil

Crude oil is most commonly traded as an exchange-traded fund (ETF) or through other instruments with exposure to it. This includes energy stocks, the USD/CAD, and other investing options.

Crude oil itself is traded across a duality of markets, including the West Texas Intermediate Crude (WTI) and Brent crude.

Brent is the more relied upon index in recent years, while WTI is more heavily traded across futures trading at the time of writing.

Other than geopolitical events or decisions by OPEC, crude oil can move due to a variety of different ways.

The most basic is through simple supply and demand, which is affected by global output.

Increased industrial output, economic prosperity, and other factors all play a role in crude prices.

By extension, recessions, lockdowns, or other stifling factors can also influence crude prices.

For example, an oversupply or mitigated demand due to the aforementioned factors would result in lower crude prices. This is due to traders selling crude oil futures or other instruments.

Should demand rise or production plateau, traders will bid increasingly on crude, whereby driving prices up.

News

WTi crude oil settles at $80.61

WTi crude oil settles at $80.61

  • Up $0.81 or 1.07%
Greg Michalowski
Greg Michalowski
Thursday, 19/01/2023 | 20:13 GMT-0
19/01/2023 | 20:13 GMT-0
News

EIA weekly US crude oil inventories +8408K vs -593K expected

EIA weekly US crude oil inventories +8408K vs -593K expected

  • US petroleum inventory data
Adam Button
Adam Button
Thursday, 19/01/2023 | 16:00 GMT-0
19/01/2023 | 16:00 GMT-0
Technical Analysis

WTI crude oil settles at $79.48

Crude oil

WTI crude oil settles at $79.48

  • Down -$0.70 or -0.87%
Greg Michalowski
Greg Michalowski
Wednesday, 18/01/2023 | 19:42 GMT-0
18/01/2023 | 19:42 GMT-0
Technical Analysis

The GBP is the strongest and the JPY is the weakest as the NA session begins

Forex

The GBP is the strongest and the JPY is the weakest as the NA session begins

  • The USD is weaker
Greg Michalowski
Greg Michalowski
Tuesday, 17/01/2023 | 13:09 GMT-0
17/01/2023 | 13:09 GMT-0
Technical Analysis

WTI crude oil settles at $78.39

WTI

WTI crude oil settles at $78.39

  • Up $0.98 or 1.26%
Greg Michalowski
Greg Michalowski
Thursday, 12/01/2023 | 20:12 GMT-0
12/01/2023 | 20:12 GMT-0
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