Crude Oil Trading
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Quick and simple answers to the most common Brent Crude Oil / Nymex Crude Oil trading questions:
Q) Where can I Spread Bet on Crude Oil?
Q) Where can I Trade Crude Oil for Free?
Q) How to Spread Bet on Crude Oil?
Q) Where can I find Free Real-Time Crude Oil Prices?
Q) Where can I find Free Crude Oil Charts?
Q) Where can I find free Crude Oil Trading News?
Q) Where can I find Crude Oil Technical Analysis?
Q) Where can I find Narrow Crude Oil Spreads?
Q) Where can I find a Free Crude Oil Trading Platform / Software?
Q) Where can I find more information on US Crude Oil?
Q) Where can I find more information on Brent Crude Oil?
Crude Oil Spread Trading
A regular Crude Oil spread trading update by Simon Denham of Capital Spreads. For the latest Crude Oil spread trading update, click here.
Crude Oil Spread Betting, 20 January 2012
Price Update:
- Brent Crude Oil / UK Oil (March) closed yesterday at $111.55
- WTI Nymex / US Oil (February) closed yesterday at $100.39
Crude Oil Spread Betting, 19 January 2012
The two contradicting forces in yesterday’s session for crude meant that the energy source ended the day only marginally lower.
On one hand, the weaker dollar pushed prices higher for black gold, but on the other, the prospect of rising supplies put off energy investors off a bout of aggressive buying.
Hopefully later today the weekly inventories report will provide some direction for the liquid stuff, but as it stands, Brent crude oil trades up at $111.27.
Crude Oil Spread Betting, 18 January 2012
Price Update:
- Brent Crude Oil / UK Oil (March) closed yesterday at $111.53
- WTI Nymex / US Oil (February) closed yesterday at $100.71
Crude Oil Spread Betting, 17 January 2012
Grasping little direction from the equities markets, crude turned to the single currency for guidance, jumping on the back of a market rally.
Not only this but, after looking at the tensions between Iran and the West, investors appear to feel that a decline in prices is a good opportunity to go long. Currently, Brent crude oil trades up at $112.15.
Crude Oil Spread Betting, 16 January 2012
For some, S&P’s downgrade on the 9 Eurozone members wasn’t a shock, after many a warning from the credit rating agency.
Spread betting account holders will still be waiting to see any follow up on the matter though as attention has been swung back to Europe.
On the other side, the possibility of a strike in Nigeria could disrupt oil productions, along with the unfinished sanctions against Iranian crude exports, meaning energy traders are staying on red alert, hence the limited decline on Friday.
This morning Brent is higher at $111.36 on the back of renewed tensions in Iran as they are seen to be threatening their neighbours if they replace Iran's reduced output imposed due to sanctions.
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Crude Oil Spread Betting, 13 January 2012
Brent crude oil was mixed too, almost tracking gold's footsteps as it rallied then pulled back. The price of crude remains frothy with lots of geopolitical tension loaded into the price.
Nigeria and Iran are playing their part in keeping the price elevated so for now the bulls seem to remain in control. At the time of writing Brent is at $111.80.
Crude Oil Spread Betting, 12 January 2012
Brent continues to be propped up by the geopolitical tensions in the Middle East with the price above $113 this morning at $113.20.
Crude Oil Spread Betting, 11 January 2012
Price Update:
- Brent Crude Oil / UK Oil (February) closed yesterday at $113.28
- WTI Nymex / US Oil (February) closed yesterday at $102.24
Crude Oil Spread Betting, 10 January 2012
Much like gold, crude oil was hit by the concerns over another recession and the state of the Eurozone economy.
The only factor limiting the decline was the tension between Iran and the West as the Middle Eastern country made public a second facility for enriching uranium, while an American citizen was sentenced to death for allegedly spying.
At time of writing, there hasn’t been much action and Brent is trading up 40 ticks at $112.87.
Crude Oil Spread Betting, 9 January 2012
Crude oil was given a leg up after the US labour market data was released on Friday, pointing towards a high demand for black gold in the coming months.
However, the advance was capped by a strengthening greenback and slumping equity markets, along with the after-thought on the bearish inventories report released the previous day. At time of writing, the black stuff trades at $113.47.
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Crude Oil Spread Betting, 6 January 2012
Price Update:
- Brent Crude Oil / UK Oil (February) closed yesterday at $112.74
- WTI Nymex / US Oil (February) closed yesterday at $101.81
Crude Oil Spread Betting, 5 January 2012
Price Update:
- Brent Crude Oil / UK Oil (February) closed yesterday at $113.70
- WTI Nymex / US Oil (February) closed yesterday at $103.22
Crude Oil Spread Betting, 4 January 2012
Crude had a big jump higher yesterday taking Brent back above $112 as geopolitical tensions between the US and Iran increased as the Middle Eastern country stepped up its threats to block oil shipping through the Straits of Hormuz.
This morning Brent remains above $112 at $112.30 so support and resistance is seen at $109.55/107.60 and $112.80/113.85 respectively.
Considering that the downward channel remains intact there might be limited upside, but further strength can't be ruled out if tensions continue to mount.
Crude Oil Spread Betting, 3 January 2012
Brent crude oil has seen a spike as Iran carries out its missile tests, but also the Chinese data and general risk on start to the year has helped lift the black stuff.
At the time of writing Brent is trading at $109 on the figure and despite spending the latter part of 2011 trending a little lower the average price for crude was a record and many expect the same again in 2012. Support and resistance is seen at $108.20 and $109.45 respectively.
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Risk Warning: Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'Crude Oil Trading' by DB, updated 20-Jan-12
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