The US Crude shale oil is produced in the United States. Its cost is determined via WTI (West Texas Intermediate) oil price, as WTI is a benchmark for US oil prices.

Oil production remains an essential sector of the world's economy despite the development of green energy resources. The high demand allows traders to use US Crude and other oil brands as trading instruments. Forex market participants profit from oil price differences, buying and selling oil contracts.

The US' oil-refining facilities are aimed at lighter oil blends, so the major part of the production is exported to the East. To compete with the US "black gold", the businesses that value their production against the Brent brand offer lower prices.

Oil output levels and demand impact the moves of the US Crude chart. This asset is also sensitive to the political situation in the world and oil-producing countries. To do fundamental analysis, consider stats on Saudi Arabia, Russia, and the USA, as well as on the importing countries, such as China, India, and Japan.

Risk warning: Trading in FX and CFDs entails high risk of losing capital.

Are you interested in buying WTI Crude (USCRUDE)? It’s easy!

SellBuyActive SellActive Buy
Neutral
Sell72.47300
Buy72.56700
Sentiment
92.1% ▾
1-day change-3.487(-4.58%)

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Price chart of USCRUDE in real time mode

Available in trading accounts:
  • ECN
  • CLASSIC
Prev. Close73.65
Day's Range73.1700 - 73.4200
Opening73.33
52 wk Range67.98-92.48
VolumeN/A
Average VolumeN/A
Spread9.4
Swap Long10.136
Contract size10
Swap Short-54.024
Stop&Limit Level0
UKBRENTN/AN/A-3.408 -4.27%
USCRUDEN/AN/A-3.487 -4.58%
XAGUSDN/AN/A0.326 1.14%
XAUUSDN/AN/A59.16 2.42%
XAUEURN/AN/A0.75 0.03%
XNGUSDN/AN/A0.275 13.62%
XPDUSDN/AN/A64 7.02%
XPTUSDN/AN/A-37.35 -3.83%
COCOAN/AN/A63 0.83%
COFFEEN/AN/A16.2 7.13%
CORNN/AN/A18.32 4.79%
SOYBEANN/AN/A-9 -0.89%
WHEATN/AN/A21.12 3.98%

Interesting facts about the USCRUDE (WTI Crude)

Oil CFD trades are one of the most volatile in the market. You can make a lot of profit, and at the same time, risk making big losses. According to statistics, there has been a continuous rise in the amount of crude oil consumed. More than 85 million barrels of WTI crude oil are traded daily.

WTI crude oil is traded on the New York Mercantile Exchange. WTI is the second most popular oil benchmark. Let's take a look at some quick facts about WTI/USD:

There are three different grades of crude oil that influence the oil market. Each of these grades has its respective qualities. These three benchmarks are WTI, Brent, and Dubai crude oil.

There are two classes of crude oil, light and heavy, based on the density of the crude oil. WTI crude is under the class of light crude oil because light crude should have a gravity of more than 31, and WTI crude has an API gravity of about 40. It also has a constituent that makes experts refer to it as sweet. This constituent is sulfur, and the oil is called sweet because a low level of sulfur makes it relatively sweet and adds a pleasant smell.

In all of North America, the primary benchmark for oil is the West Texas Intermediate crude.

The primary source of West Texas Intermediate crude oil is the United States, and, as the name implies, the oil mainly comes from Texas from the Permian Basin. However, the production process of WTI crude doesn't happen in Texas. The oil first goes to the Gulf of Mexico and the Midwest. After that, it reaches its final destination for exchange, which is in Oklahoma.

The WTI price is usually lower than Brent's. In January of 2022, WTI quotes managed to reach the highs of October 2014.

Technical & Fundamental Analysis and Forecast USCRUDE (WTI Crude)

30.08.2024 14:35
WTI Crude Oil: Elliott wave analysis and forecast for 30.08.24 – 06.09.24
Written by Alex Geuta

WTI corrects and remains likely to drop. Estimated pivot point is at a level of 83.94.

23668
29.08.2024 10:53
Short-term Analysis for Oil, Gold, and EURUSD for 29.08.2024
Written by Alex Rodiоnov

Technical analysis for oil, gold, and EURUSD today.

163618
27.08.2024 10:36
Short-term Analysis for Oil, Gold, and EURUSD for 27.08.2024
Written by Alex Rodiоnov

Technical analysis for oil, gold, and EURUSD today.

66136
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