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.