Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Crude oil is one of the world's top trading commodities. The majority of the world's crude oil comes from the Middle East and Russia. Its main byproducts are gasoline, diesel fuel and jet fuel. Common uses of crude oil include plastic production, clothing, furniture making, food production and many more. Crude oils differ by name. Their name (for example; Brent, WTI, Bonny Light) serves as a benchmark for buyers and sellers. Oil marked as Brent Crude indicates that oil is light, sweet and not so dense. Western Canadian Selects, vice versa, refers to a heavier type. Dubai Crude means a medium sour oil. Crude oil trades on the major commodities exchanges in the form of contracts. The size of each contract is 42,000 gallons
Settlement is determined by the official settlement price of the NYMEX Crude Oil future on the expiry date shown, adjusted for spread.
After a heavy week in commodities prices seem to have stabilised on Monday with gold, silver and copper all attempting to bottom out and push higher after continued selloffs.
Crude oil prices extend their losses on Thursday. US crude (WTI) has pulled back to $78.50 per
barrel, ending the bullish attempt to regain the $80 handle after bouncing from $76 earlier this
week.
With OPEC's Oil Market Report set for release on Tuesday and the International Energy Agency's Oil Market Report on Wednesday, volatility looms over crude prices this week. Let's delve into the technical landscape of Brent Crude, the international oil benchmark, as we approach these pivotal reports.
12:54, 13 May 2024
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