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 pulled back during the trading session on Tuesday as we continue to see people worry about global risk appetite.
The West Texas Intermediate Crude Oil market fell quite a bit during the trading session on Monday as traders worry about the coronavirus mutations in the United Kingdom.
The West Texas Intermediate Crude Oil market rallied during the trading session on Friday as we continue to wait for stimulus.
The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Thursday, as we continue to see the market reach towards the crucial $50 level.
The West Texas Intermediate Crude Oil market pulled back during the trading session on Wednesday as we continue to see a lot of volatility in the markets.
The West Texas Intermediate Crude Oil market rallied again during the trading session on Tuesday.
The West Texas Intermediate Crude Oil market continues to be somewhat sideways in general as we try to figure out what to do next.
The West Texas Intermediate Crude Oil market pulled back during the trading session on Friday as we headed into the weekend.
The West Texas Intermediate Crude Oil market rallied during the trading session on Thursday in order to express its hope on more stimulus.
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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.
The West Texas Intermediate Crude Oil Market initially fell during the trading session on Monday but continues to grind higher in general.
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Sign up to get the latest market updates and free signals directly to your inbox.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.