Oil OIL

‎$‎92.25-3.01(-3.16%)(1D)

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Oil OIL

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The Oil price today is ‎$‎92.25, a ‎-3.16‎% change in the last 24 hours and ‎0‎% in the past week. Oil price changed by ‎0‎% in the past year.

Prev Close

‎$‎95.26

Day's Range

‎$‎91.76 - ‎$‎95.49

52 Week Range

‎$‎54.83 - ‎$‎115.58

1Y Return

58.93%

Price Change YTD

65.93%

All time high

‎$‎126.72

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Crude Oil is a natural occurring petroleum commodity. It is formed over millions of years and is made up of hydrocarbon deposits and other organic materials from the remains of animals and plants. Having been covered in layers of loam and rock, the mixture is subjected to extreme heat and pressure which eventually turns it into a fossil fuel. The product is then extracted through the drilling process and is refined into various usable products for the petrochemical industry.

Like most non-renewable resources and commodities, the price of Crude Oil is heavily influenced by supply and demand. This commodity’s supply and demand rates are influenced in turn by a wide range of geological, legal, technological, and political elements. The price fluctuations of Crude Oil can have a wider impact on the global economy.

There are two major crude oil contracts which are important benchmarks for the price of oil – Brent Oil and West Texas Intermediate (WTI). Oil is traded as a spot on the CME exchange and is derived from the Crude Oil expiry future. The weight of the nearest futures contract decreases as it draws near its expiry date and the price gradually moves towards the price of the next contract.

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Beginner’s Guide to Commodities Trading

The commodities market can provide opportunities to strengthen and diversify an investment portfolio. This guide explains how to get started trading commodities.

How to Buy and Trade Gold

Gold trading is an attractive investment, but can also be high risk. Before you trade gold commodities, futures or stocks read our guide to trading gold.

How To Invest in Oil

Crude oil is a vital commodity. Learn the different ways to invest in oil, from the stock market to derivatives, and understand its role in the global economy.

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Invest in Oil
Today

Create an eToro account to buy and sell Oil on a secure, user-friendly trading platform.

Get Started

What is the current price of Oil?

The current price of Oil (OIL) is ‎$‎92.25

What is the all-time high price of Oil?

Oil's all-time high is ‎$‎126.72

How can I track the historical price of Oil?

Select the "1D" or "1W" timeframe on the eToro chart and zoom out to see the historical price movements of Oil. The price of Oil has ranged between ‎$‎54.83 and ‎$‎115.58 over the last year.

How to buy Oil (OIL)?

To buy Oil, visit the "Oil (OIL)" page. Once you have created an account and deposited funds, click the "Trade" button and decide how much Oil you want to purchase. You can also place an order that will buy Oil (OIL) at a specific price in the future.