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Crude Oil prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions.
Brent crude oil is expected to trade at 77.45 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 79.05 in 12 months time.
Apr 30, 2023 · Crude oil is the king of commodities, making the oil industry an economic powerhouse in which oil prices are monitored closely. The United States, Saudi Arabia, and Russia are the top...
Jul 19, 2024 · Crude oil prices react to many variables, including supply and demand prospects and the perceived risk of market disruptions. Economic growth can drive up the demand for crude oil,...
Crude oil is traded in a global market. Prices of the many crude oil streams produced globally tend to move closely together, although there are persistent differentials between light-weight, low-sulfur (light-sweet) grades and heavier, higher-sulfur (heavy-sour) crudes that are lower in quality.
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Jul 30, 2024 · Learn how economic indicators, such as crude inventories and production levels, are used by oil traders and investors to understand the market's direction.
