Cruide Oil

Most recent Cruide Oil price chart can be found in this section.

What affects Crude Oil price?

Supply and demand play a big role in the price of oil. To limit competition and maintain prices at profitable levels, the Organisation for Petroleum Exporting Countries (OPEC) sets output quotas for its members.

Battle, natural disasters, political upheaval, and the election of new government leaders are all factors that influence crude oil prices. The price of crude oil is heavily influenced by the US dollar. If the dollar strengthens, the price of oil tends to fall, assuming all other variables remain stable.

  • BrokerEUR/USD
    Core Spreads 0.6pips (variable) margin: 3.33%
    InterTrader 0.6pips (fixed) margin: 3.33%
  • Back to top