Oil is one of the most commonly traded commodities in the world, and is available for trade in most of the top Forex trading platforms, as well as in many leading binary options platforms.
Oil is often known as petroleum, though in reality, petroleum is the result of the processing of crude oil, a natural liquid that is found underground. Crude oil prices fluctuate based on a variety of factors including natural disasters, political factors and fluctuations in the currency markets.
Likewise, oil prices also affect the Forex market, and therefore, it’s hardly surprising that many Forex traders also keep an eye on crude oil prices, and many even trade crude oil as a way to diversify their trading. To help you expand your trading horizons, the DailyForex trading room is happy to provide you with regular crude oil price technical analysis – we hope that it helps you trade profitably!
Most Recent
The West Texas Intermediate Crude Oil market rallied during the trading session on Thursday in order to express its hope on more stimulus.
The West Texas Intermediate Crude Oil market had a rather volatile day as the market ended up forming a neutral candlestick.
The West Texas Intermediate Crude Oil market fell a bit during the trading session on Tuesday as oil continues to look for direction.
Top Forex Brokers
The West Texas Intermediate Crude Oil Market initially fell during the trading session on Monday but continues to grind higher in general.
The West Texas Intermediate crude oil market continues to levitate just above the $46 level now that we have gotten the OPEC meeting out of the way.
The West Texas Intermediate Crude Oil market has recovered from an initial pull back during the day on Thursday as we finally got an announcement from OPEC.
Clearly, the buyers are in control as of late and likely will continue to be for the short term.
The West Texas Intermediate crude oil market pulled back a bit during the trading session on Tuesday, as we wait to see whether or not OPEC will continue production cuts.
Crude oil markets were slightly negative during the trading session on Monday as we came back to work, mainly because we are waiting for the announcement from OPEC.
Bonuses & Promotions
The West Texas Intermediate crude oil market pulled back a bit during the trading session on Friday, but found buyers underneath to support the market.
Dumb luck, coincidence or actual impetus witnessed a predicted rise in the price of WTI Crude Oil the past three weeks.
Don't read too much into the markets falling due to the Thanksgiving holiday.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The West Texas Intermediate Crude Oil market rallied again during the trading session on Wednesday as traders started to focus on the holiday.
The West Texas Intermediate Crude Oil market has finally broken out of the range that we have been in for some time, and now that we have broken above the $43 level, it looks as if we could continue to go higher.
The West Texas Intermediate Crude Oil market rallied significantly during the trading session on Monday as we returned to work.