Oil trading chart

#cl
40.94 USD
18 Sep 2020 23:59
Price Change (% chg)
$-0.01
(-0.02%)
Prev Close
Prev Close

Closing price, the previous day.
$40.98
Open
Open

Opening price.
$40.19
Day's High
Day's High

The highest price over the last trading day.
$41.48
Day's Low
Day's Low

The lowest price over the last trading day
$40.3
52-wk High
52-wk High

Price range high in the last 52 weeks
$65.63
52-wk Low
52-wk Low

Price range low in the last 52 weeks
$0.01

What factors determine oil prices?

Oil price depends on a lot of geopolitical factors and reflects market participants’ sentiment. Countries, big companies, and traders can all be considered the players in the oil market.

For example: airline companies trade oil to hedge their risks for fuel price growth, whereas traders perform deals in order to make money from market fluctuations.

Oil prices are conditioned by the same factors as the exchange rates of currencies, i.e. political developments, financial events, and even weather.

Instaforex News

1. Dollar Recovers After Early Weakness, Gains Against Peers  2. Treasuries Finish Another Lackluster Session Slightly Lower  3. Oil Futures Rebound To Close Higher, Gain About 10% In Week  4. Gold Futures Settle Modestly Higher On Safe-haven Appeal  5. U.S. Dollar Advances As Virus Worries Return  6. U.S. Leading Economic Index Suggests Rebound May Be Losing Stream  7. U.S. Consumer Sentiment Improves Much More Than Expected In September  8. *U.S. Dollar Advances To 0.9113 Against Franc  9. *U.S. Dollar Climb To 1.2933 Against Pound, 1.1826 Against Euro  10. Dollar Little Changed After U.S. Consumer Sentiment Index  

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